Sensex

Tuesday, November 13, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 13, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 November 2007 15:36
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 13, 2007

 

 

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November 13, 2007

 

Index Performance

Index

Sensex

Nifty

Open

18,681.10

5,612.35

High

19,210.48

5,758.85

Low

18,636.21

5,591.60

Today's Cls

19,035.48

5,695.40

Prev Cls

18,737.27

5,617.10

Change

298.21

78.30

% Change

1.59

1.39

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Chembal Fertilisers

52.55

12.17

Welspun Gujarat

409.45

11.45

Dredging Corporation

1,120.80

10.00

Syndicate Bank

102.95

9.64

Alstom Projects

974.05

9.14

Losers

HTMT Global

507.55

-5.67

National Fertilizers

69.20

-5.14

GMDC

590.80

-3.92

Wipro

441.05

-3.59

Apollo Tyres

35.15

-3.30

Market Statistics

-

BSE

NSE

Advances

1,859

780

Declines

898

369

Unchanged

66

24

Volume(Nos)

47.19cr

77.15cr

 Market Commentary 

Bulls strike back

After consecutive losses, the Sensex rallied sharply on all-round buying support and ended firm at 19,077.

The bulls were back in action after successive days of battering, as the market taking a cue from the buoyant international indices   

 

registered phenomenal gains on the back of an all-round buying support. Resuming 298 points above its previous close at 18,737, strong buying led by heavyweights, banking, power, and CG stocks triggered a major rally that propelled the index to an intra-day high of 19,210 in the afternoon trades. Though the Sensex held firm ground above 19,000 for the better part of the trading session, it finally ended at 19,035, up 298 points. The Nifty advanced 78 points to close at 5,695.

Movers & Shakers

  • Pratibha Industries rose sharply on getting contract for the construction / expansion of Domestic Arrival Terminal, Delhi Airport from Delhi International Airport (P) Ltd (a GMR group Company).
  • Reliance Industries gained on signing a production sharing agreement for deep water offshore block in Oman.
  • Texmaco inched up on signing MOA with United Group Rail Services Ltd, Australia.
  • McNally Bharat moved up on reports that the company received an order from Maharashtra State Power Generation Co. Ltd, Mumbai.


Among the gainers in heavyweights, NTPC soared 7.40% at Rs272, HDFC Bank flared up 6.98% at Rs1,579, L&T jumped 4.84% at Rs4,369, HDFC scaled up 2.98% at Rs2,587, SBI surged 2.62% at Rs2,296, ICICI Bank added 2.57% at Rs1,176, Tata Steel jumped 2.18% at Rs833 and Reliance Energy gained 1.92% at Rs1,853. However, Wipro, M&M, and Hindalco eased marginally.

The market breadth was extremely positive, Of the 2,823 stocks traded on the Bombay Stock Exchange (BSE), 1,859 stocks advanced, 898 stocks declined and 66 stocks ended unchanged. On the sectoral front, the BSE Bankex index led the gainers pack and surged 3.40% at 10,538 followed by the BSE CG (up 3.40% at 20,292), the BSE Power index (up 3.04% at 4,527), the BSE PSU index (up 2.66% at 10,125), the BSE Reality index (up 2.04% at 9,998) and the BSE Metal index (up 1.67% at 17,046).

Over 3.67 crore Ispat Industries shares changed hands on the BSE followed by RNRL (3.36 Crore shares), RPL (1.48 Crore shares), Sunflag (1.26 Crore shares) and Power Grid (93 lakh shares).

Value-wise RNRL registered a turnover of Rs535 crore followed by Reliance Industries (Rs360 crore), RPl (Rs323 crore), NTPC (Rs21 crore), and L&T (Rs200 crore). 

European Indices at 16:15 IST on 13-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6316.60

-21.30

-0.34

CAC 40 Index

5504.31

-31.25

-0.56

DAX Index

7764.05

-42.79

-0.55

Asian Indices at close on 13-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

15126.63

-70.46

-0.46

Hang Seng Index

27803.35

137.62

0.50

Kospi Index

1932.89

9.47

-0.49

Straits Times Index

3475.47

-35.65

-1.02

Jakarta Composite Index

2654.21

-17.69

-0.66

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