Sensex

Wednesday, November 07, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 07, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 07 November 2007 15:20
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 07, 2007

 

 

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November 07, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,552.53

5,782.40

High

19,678.50

5,861.35

Low

19,249.47

5,744.30

Today's Cls

19,289.83

5,782.35

Prev Cls

19,400.67

5,786.50

Change

-110.84

-4.15

% Change

-0.57

-0.07

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Federal Bank

443.90

9.12

Ispat Industries

30.30

8.80

Chennai Petroleum

339.80

7.26

Sterlite Industries

1,056.95

6.58

Gail India

457.30

6.51

Losers

Ramco Systems

148.60

-11.65

National Fertilizers

72.70

-9.97

Fertilizers & Chemicals

33.90

-9.96

HMT

77.40

-7.80

Rolta India

698.60

-7.75

Market Statistics

-

BSE

NSE

Advances

1,028

401

Declines

1,674

736

Unchanged

77

23

Volume(Nos)

40.75cr

68.72cr

 Market Commentary 

PSU oil stocks rally in volatile market

While most of the stocks slipped from their higher levels the public sector undertaking (PSU) oil stocks held on to their gains and ended firm. 

Sustained selling pressure persisted for the third consecutive session and the Sensex fell over 111 points at close.  

 

Despite opening on a positive note, the Sensex could not hold on to its gains on profit bookings in most of the heavyweights and information technology stocks. The market took cue from the firm Asian markets and rallied sharply to touch the day's high of 19,679, up 278 points by afternoon. Thereafter, displaying some volatile moves the market slipped towards the close on unabated selling to touch its day's low of 19,249. The Sensex finally wrapped up the session by losing 111 points at 19,290, while the Nifty ended the session at 5,782, down five points. 

Movers & Shakers

  • Reliance Industries gained on making yet another discovery in the Krishna offshore basin in the east coast of India.
  • Bharati Shipyard surged on receiving an order worth $53 million from Opielok Bereederungs GMBH & Co.
  • Amtek Auto rallied sharply on acquiring one of the largest automotive precision machining companies Triplex- Ketlon, UK.


The market breadth was negative, with the losers outpacing the gainers in the ratio of 1.6:1. Of the 2,779 stocks traded on the Bombay Stock Exchange (BSE), 1,674 stocks declined, 1,028 stocks advanced and 77 stocks ended unchanged. Among the sectoral indices, the BSE IT index tumbled by 4.34% followed by the BSE Teck index (down 3.20%), the BSE Bankex index (down 1.54%), the BSE Realty index (down 1.01%) while, the BSE Oil & Gas index flared up by 2.63% and the BSE PSU index gained 1.08%.

Except a few, the index stocks ended at lower levels. Infosys lost heavily and tumbled 5.78% at Rs1,744. Among the other losers, HDFC Bank slumped 5.16% at Rs1,618, Satyam Computer slipped 4.03% at Rs435, ICICI Bank fell 2.98% at Rs1,204, Reliance Communication dipped by 2.50% at Rs727, Wipro was down 2.05% at Rs477and Bharti Airtel lost 1.98% at Rs900. However, select PSU oil stocks bucked the trend and rallied sharply. Reliance surged 4.04% at Rs2,763, BHEL vaulted 3.55% at Rs2,821, SBI spurted 2.66% at Rs2,267 and M&M scaled up 2.54% at Rs760.

Over 5.56 crore Reliance Natural Resources Ltd shares changed hands on the BSE followed by Reliance Petroleum (3.60 crore shares), Ispat Industries (3.37 crore shares), IFCI (82.97 lakh shares) and Factor Alloys (81.85 lakh shares).

Valuewise, Reliance Industries registered a turnover of Rs222 crore on the BSE followed by L&T (Rs191 crore), Reliance Energy (Rs182 crore), SBI (Rs139 crore) and Infosys (Rs118 crore). 

European Indices at 16:25 IST on 07-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6431.50

-43.40

-0.67

CAC 40 Index

5680.50

-28.92

-0.51

DAX Index

7785.06

-42.13

-0.54

Asian Indices at close on 07-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16096.68

-152.95

-0.94

Hang Seng

29708.93

270.80

0.92

Kospi Index

2043.19

-11.05

-0.54

Straits Times

3673.01

-10.09

-0.27

Jakarta Composite Index

2713.98

32.08

1.20

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