Sensex

Wednesday, November 14, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 14, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 November 2007 15:00
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 14, 2007

 

 

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November 14, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,336.96

5,703.95

High

19,987.71

5,950.20

Low

19,336.96

5,700.05

Today's Cls

19,929.06

5,937.90

Prev Cls

19,035.48

5,695.40

Change

893.58

242.50

% Change

4.69

4.26

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

RCF

72.10

19.97

HMT

104.00

19.95

NALCO

421.85

14.71

HDFC Bank

1,749.10

10.81

Finolex Ind

80.00

10.42

Losers

Nestle

1,380.00

-3.88

HTMT Global

491.60

-3.14

Asahi India

97.10

-2.71

Jet Airways

820.25

-2.56

Aventis Pharma

975.05

-2.39

Market Statistics

-

BSE

NSE

Advances

2,024

932

Declines

764

219

Unchanged

62

24

Volume(Nos)

56.38cr

85.81cr

 Market Commentary 

Sensex surges on firm overseas markets

Strong optimism in heavyweights, banking, and oil scrips lifts the Sensex by 894 points for the day.

Solid gains in the Asian markets helped the domestic index open with a huge positive gap of 302 points at 19,337 and rise over 5% during intra-day trades.  

 

Correction once again took a back seat as bulls went on a rampage and provided healthy support to the market. The market, which gained around 300 points in yesterday's trades, remained firm as hectic buying was witnessed since early trades that lasted through the session. The Sensex received major support from the firm US and Asian markets. Relentless buying in index heavyweights, banking, oil, and information technology stocks propelled the index to an intra-day high of 19,988, up 952 points over its last close. The Sensex finally ended the session with a gain of 894 points at 19,929, while the Nifty surged 243 points at 5,938.

The market breadth was very positive, with the gainers outpacing the losers in the ratio of 2.57:1 on the Bombay Stock Exchange (BSE). Of the 2,849 stocks traded on the BSE, 2,024 stocks advanced, 764 stocks declined and 62 stocks ended unchanged. All the sectoral indices notched up significant gains. BSE Bankex was the biggest gainer and soared 6.53% followed by BSE Oil & Gas index (up 6.40%), BSE IT index (up 4.51%), BSE Metal index (up 4.16%), BSE PSU index (up 3.91%) and BSE Teck index (up 3.83%).

All the 30 stocks in the Sensex basket ended at higher levels. HDFC Bank led the upsurge and flared by 10.81% at Rs1,749. Among the other major gainers ICICI Bank surged 8.65% at Rs1,278, Reliance Industries moved up by 7.11% at Rs2,888, Hindalco advanced 6.95% at Rs218, Wipro vaulted 6.84% at Rs471, HDFC shot up by 6.51% at Rs2,756, Satyam Computer added 4.92% at Rs431 and Infosys rose 4.84% at Rs1,706. 

Banking stocks were the star attraction during the day and rallied sharply. Punjab National Bank soared 9.46% at Rs601, Oriental Bank jumped 7.60% at Rs256, Union Bank added 4.65% at Rs186 and Axis Bank gained 4.20% at Rs989. 

Over 3.05 crore Reliance Petroleum shares changed hands on the BSE followed by Ispat Industries (2 crore shares), RNRL (1.99 crore shares), Essar Oil (1.88 crore shares) and Faccor Steel (1.38 crore shares).

Reliance Petroleum was the most actively traded counter on the BSE and registered a turnover of Rs682 crore followed by Reliance Industries (Rs541 crore), RNRL (Rs344 crore), Reliance Energy (Rs238 crore) and Essar Oil (Rs205 crore).

European Indices at 16:10 IST on 14-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6452.80

90.40

1.42

CAC 40 Index

5620.77

81.86

1.48

DAX Index

7845.23

67.67

0.87

Asian Indices at close on 14-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

15499.56

372.93

2.47

Hang Seng

29166.01

1362.66

4.90

Kospi Index

1972.58

39.69

2.05

Straits Times

3524.91

49.44

1.42

Jakarta Composite Index

2691.87

37.66

1.42

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