Sensex

Monday, November 26, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 26, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 26 November 2007 15:42
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 26, 2007

 

 

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November 26, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,171.25

5,611.30

High

19,360.23

5,772.55

Low

19,137.66

5,608.95

Today's Cls

19,247.54

5,731.70

Prev Cls

18,852.87

5,608.60

Change

394.67

123.10

% Change

2.09

2.19

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Jindal Steel

14,121.45

16.74

Nalco

381.60

14.41

Balaji Tele

376.30

12.46

HMT

92.00

9.98

BEML

1775.70

9.26

Losers

Hexaware

73.70

-17.00

National Fertilsers

74.95

-4.95

Indorama Synthetics

54.25

-4.24

Chambal Fertilisers

62.15

-3.49

D-Link India

95.35

-3.25

Market Statistics

-

BSE

NSE

Advances

1,820

786

Declines

986

369

Unchanged

59

19

Volume(Nos)

37.28cr

57.51cr

 Market Commentary 

Market ends upbeat, gains 395 points

The market came off its highs, but still ended firm near 19,250 on strong gains in heavyweight, metal, capital goods, and realty stocks.

Sensex opened on a firm note at 19,171 and rallied further on substantial buying in metal and capital goods stocks. Despite the slowdown in FII inflows, the Sensex rallied 

 

further to touch the intra-day high of 19,360 on substantial buying support. The market remained firm above the 19,150 level for the entire trading session as firm Asian and European indices helped investors to pursue buying. However, profit bookings at higher levels dragged the index to its day's low of 19,138, above 285 points its previous close. The market recovered in the afternoon but the Sensex shed some of its profits towards the close. The Sensex finally wrapped up the session with a gain of 2.09% or 395 points at 19,248. The Nifty rose by 2.19% and gained 123 points to close at 5,732.

Among the sectoral indices, the Metal index led the upsurge with gains of 5.61% at 17,525 followed by the BSE Realty index (up 3.05% at 10,081), the BSE CG index (up 2.25% at 19,751) and the BSE Power (up 2.20% at 4,377). The market breadth was extremely positive. Of the 2,865 stocks traded on the BSE 1,820 stocks advanced, 986 stocks declined and 59 stocks ended unchanged.

Movers & Shakers

  • IVRCL Infrastructures & Projects gained on getting order worth Rs329.32 crore from the Naya Raipur Development Authority (NRDA).
  • Sadbhav Engineering surged on winning a contract worth Rs99.01 crore by the Government of Chhattisgarh.


Out of the 30 Sensex stocks, 28 managed to end in the green while two stocks ended with losses. HDFC Bank was the lead gainer and soared 5.18% at Rs1,644. Bharti Airtel jumped 3.78% at Rs948, Reliance Energy shot up by 3.74% at Rs1,790, Tata Steel advanced 3.47% at Rs849, ONGC moved up by 3.35% at Rs1,184, Hindalco added 3.32% at Rs194 and Grasim gained 2.94% at Rs3,734. Among the laggards Tata Motors and SBI slipped marginally. 

Over 2.46 crore Reliance Petroleum shares changed hands on the BSE followed by Tata Teleservices (1.56 crore shares), Ispat Industries (1.56 crore shares), JP Hydro (1.47 crore shares) and Reliance Natural Resources (1.03 crore shares).

Reliance Petroleum registered a turnover of Rs515 crore on the BSE followed by Jindal Steel (Rs312 crore), Reliance Energy (Rs202 crore), Empee Distilleries (Rs176 crore) and JP Hydro (Rs168 crore).

European Indices at 16:15 IST on 26-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6291.70

29.60

0.47

CAC 40 Index

5554.30

33.13

0.60

DAX Index

7644.87

35.91

0.47

Asian Indices at close on 26-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei

15135.21

246.44

1.66

Hang Seng

27626.62

1085.53

4.09

Kospi Index

1855.33

82.45

4.65

Straits Times

3418.58

92.69

2.79

Jakarta Composite Index

2648.04

63.70

2.46

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