| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,621.39 | 5,708.90 | | High | 20,024.87 | 5,922.50 | | Low | 19,621.39 | 5,708.90 | | Today's Cls | 19,977.67 | 5,905.90 | | Prev Cls | 19,243.17 | 5,702.30 | | Change | 734.50 | 203.60 | | % Change | 3.82 | 3.57 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | LIC Housing Finance | 360.30 | 31.42 | | Jindal Saw | 738.50 | 19.99 | | Siemens | 1,935.40 | 12.17 | | Engineers India | 813.15 | 11.95 | | Gujarat Gas | 339.05 | 10.69 | | Losers | | Tata Steel | 900.90 | -9.06 | | Shipping Corporation | 251.50 | -6.35 | | Moser Baer | 287.20 | -4.93 | | BEL | 1,902.75 | -4.87 | | GSK Consumer | 656.80 | -4.28 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,579 | 677 | | Declines | 1,200 | 470 | | Unchanged | 62 | 24 | | Volume(Nos) | 46.80cr | 79.73cr | | | | | | Market Commentary | | | Strong global cues lift Sensex to new high | | Buoyancy in capital goods, oil, and banking stocks lifts the Sensex cross 20,000 mark. | | The Sensex extended its gains for the sixth straight session and touched the 20,000 mark on the back of strong global cues. | | | | Driven by a strong surge in banking, capital goods, and oil stocks, the Sensex zoomed to touch the all-time high of 20,024 by afternoon. Investors seemed optimistic about the rate cut ahead of the Reserve Bank of India's mid-term review of the annual policy and the US Federal Reserve meeting on October 31. Substantial buying in HDFC, BHEL, and L&T also helped the Sensex touch its record new high. The market witnessed hectic activity during the last hour of the trading session and the Sensex closed the session with a gain 735 points at 19,978. The Nifty, too, surged on substantial buying and moved up by 204 points to close at 5,906. | | | Movers & Shakers | - Prakash Industries surged after entering into an agreement with the Madhya Pradesh Government to establish and operate 1,000MW thermal power station in the State at an approximate cost of Rs4,500 crore.
- IVRCL Infrastructures & Projects moved up on getting Rs346.80 crore order for Water transmission & Power transmission.
- Ashok Leyland was marginally up on signing a master co-operation agreement with Nissan Motor, Japan for the manufacture and sale of light commercial vehicles (LCV) and Power trains.
| | | |
The broader market was positive. Of the 2,841 stocks traded on the Bombay Stock Exchange (BSE), 1,579 stocks advanced, 1,200 stocks declined and 62 stocks ended unchanged. The BSE Capital Goods index led the surge in the sectoral indices and rose 7.05% at 19,848, followed by the BSE Oil & Gas index (up 5.01%), while the BSE Bankex index and the BSE PSU index gained over 3% each.
Buying was led by L&T, which notched up gains of 10.33% at Rs4,277. Among the other gainers HDFC advanced 9.63% at Rs2,813, BHEL added 7.42% at Rs2,612, ONGC moved up 7.15% at Rs1,239, HDFC Bank jumped by 5.99% at Rs1,639, ICICI Bank gained 5.48% at Rs1,249 and Reliance Industries was up 5.03% at Rs2,828. However, Tata Steel tumbled 9.06% at Rs900.90, while M&M, Bajaj Auto, Ranbaxy, Tata Motors, Cipla, TCS and Dr Reddy's Lab closed marginally down.
Over 4.19 crore Reliance Natural Resources (RNRL) shares changed hands on the BSE followed by Tata Teleservices (3.53 crore shares), Reliance Petroleum (2.50 crore shares), Himachal Futuristic Communication (1.31 crore shares) and Power Grid Corporation (1.14 crore shares).
Value-wise, Reliance Petroleum registered a turnover of Rs542 crore on the BSE followed by L&T (Rs469 crore), Reliance Natural Resources (Rs448 crore), Reliance Industries (Rs314 crore) and Reliance Energy (Rs248 crore).
| | | | | | | | European Indices at 16:25 IST on 29-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6698.00 | 121.70 | 1.85 | | CAC 40 Index | 5831.48 | 36.61 | 0.63 | | DAX Index | 7998.18 | 36.61 | 0.63 | | | | | | | | | | | Asian Indices at close on 29-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16698.08 | 192.45 | 1.17 | | Hang Seng | 31586.90 | 1181.68 | 3.89 | | Kospi Index | 2062.92 | 34.86 | 1.72 | | Straits Times | 3819.78 | 48.23 | 1.28 | | Jakarta Composite Index | 2667.53 | 43.10 | 1.64 | | | | | | | | To know more about our products and services, click here. | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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