Sensex

Thursday, November 22, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 22, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 22 November 2007 15:21
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 22, 2007

 

 

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November 22, 2007

 

Index Performance

Index

Sensex

Nifty

Open

18,724.11

5,564.65

High

18,744.55

5,608.65

Low

18,182.83

5,394.35

Today's Cls

18,526.32

5,519.35

Prev Cls

18,602.62

5,561.05

Change

-76.30

-41.70

% Change

-0.41

-0.75

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

D-Link India

99.65

14.80

PNB

605.55

9.44

EIH

143.80

8.16

Reliance Capital

2,324.50

7.20

Balaji Telefilms

344.70

7.08

Losers

Ispat Inds

38.65

-7.98

Corporation Bank

407.30

-7.93

HTMT Global

460.00

-6.89

Jindal Saw

745.65

-5.79

GE Shipping

445.70

-5.71

Market Statistics

-

BSE

NSE

Advances

805

212

Declines

1,965

941

Unchanged

46

12

Volume(Nos)

43.76cr

70.83cr

 Market Commentary 

Subprime woes lead market slump

The market slipped from higher levels and shed nearly 76 points on heavy selling in realty, power, and capital goods stocks.

The market lost its initial
grip and succumbed to heavy losses on selling in realty, power, and capital goods counters. Major US indices fell sharply on Wednesday  

 

on worries about the housing  sector slump coupled with weak dollar and surging oil prices. Asian markets followed the suit in early trades and closed with loses around 1-2%. The Sensex resumed on a positive note despite mixed cues from the firm Asian markets. The market remained quite thereafter but profit booking in index pivotal stocks dragged the Sensex to negative territory by the afternoon and it touched the day's low of 18,183. The market seemed to close with heavy losses, but sustained buying in frontline stocks towards the close helped the Sensex pare most of its losses and end the session down 76 points at 18,526, while, the Nifty shed 42 points at 5,519.

The market breadth was negative. Of the 2,816 stocks that traded on the Bombay Stock Exchange (BSE), 1,965 stocks declined, 805 stocks advanced and 46 stocks ended unchanged. Most of the sectoral indices closed in the red. The BSE Realty index dropped 4.99% at 9,457 followed by the BSE CG index (down 2.53% at 18,815) and the BSE Power index (down 2.25% at 4,151).

Movers & Shakers

  • Shubh Jewellers slipped despite announcing its retail foray across South India by launching Shubh Jewellers across South India.
  • Hindustan Dorr receiveds a Rs111.50 crore the order from HPCL worth Rs111.50 crore.


Among the Sensex majors, DLF tumbled by 5.49% at Rs823, Reliance Energy dropped 5.18% at Rs1,605, NTPC lost 4.99% at Rs228, L&T slumped by 4.06% at Rs3,942, ONGC slipped by 3.61% at Rs1,150, HDFC shed 1.51% at Rs2,561, Ranbaxy lost 1.40% at Rs393, Reliance Communications fell by 1.20% at Rs674, Infosys crumbled by 1.05% at Rs1,532 and Tata Steel dipped marginally at Rs819. However, select counters saw some buying action and ended with gains. SBI advanced by 4.04% at Rs2,242 while ACC, ICICI Bank, Bajaj Auto, Maruti Suzuki, Hindalco, Cipla, Bharti Airtel, Tata Motors and HDFC Bank slipped 1-2% each.

Over 2.46 crore Reliance Petroleum shares changed hands on the BSE followed by Reliance Natural Resources (2.16 crore shares), Ispat Industries (1.73 crore shares), Tata Teleservices (1.63 crore shares) and IFCI (1.23 crore shares).

Reliance Petroleum registered a turnover of Rs504 crore on the BSE followed by Reliance Natural Resources (Rs311 crore), Reliance Industries (Rs288 crore), Reliance Capital (Rs283 crore) and L&T (Rs238 crore).

European Indices at 16:15 IST on 22-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6085.10

14.20

0.23

CAC 40 Index

5393.34

12.04

0.22

DAX Index

7517.87

-0.55

-0.01

Asian Indices at close on 22-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

14888.77

51.11

0.34

Hang Seng

26004.92

-613.27

-2.30

Kospi Index

1799.02

-7.97

-0.44

Straits Times

3312.88

-34.32

-1.03

Jakarta Composite Index

2569.51

5.89

0.23

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