Sensex

Friday, November 30, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 30, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 November 2007 15:16
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 30, 2007

 

 

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November 30, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19136.12

5633.90

High

19424.99

5782.55

Low

19006.89

5632.65

Today's Cls

19363.19

5762.75

Prev Cls

19003.26

5634.60

Change

359.93

128.15

% Change

1.89

2.27

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Sterlite Ind

1,034.75

12.58

VSNL

626.60

12.14

Neyveli Lignite

235.55

12.09

SCI

267.45

10.70

RCF

75.00

9.97

Losers

Orchid Chemicals

257.40

-3.78

GSK Pharma

947.85

-3.45

HPCL

273.10

-3.04

FDC

30.50

-2.56

Apollo Tyre

41.85

-2.33

Market Statistics

-

BSE

NSE

Advances

1,745

786

Declines

1,056

367

Unchanged

59

25

Volume(Nos)

46.70cr

82.65cr

 Market Commentary 

Market rallies on the back of firm Asian markets

The Sensex remained buoyant due to firm Asian markets and rallied sharply to gain 360 points for the day

The market followed the rally in Asian markets after comments by US Federal Reserve chairman Ben Bernanke rose hopes of further cuts in interest rates. 

 

Better-than-expected July-September GDP numbers of India also boosted the market sentiment. The market opened on a positive note at 19,136, up 133 points and strong optimism among investors kept the Sensex firm above the 19,200 mark for the better part of the session. In the last hour of the trading session the buoyancy among front-line metal, realty, information technology, and oil stocks lifted the Sensex to touch the day's high of 19,425. The market remained buoyant thereafter and finally ended the session with a gain of 360 points at 19,363, while the Nifty closed the session at 5,763, up 128 points.

Movers & Shakers

  • Moser Baer jumped on setting up India's largest grid-connected solar farm in Rajasthan. 
  • Tata Steel surged on signing a joint venture agreement with Riversdale Mining Ltd to develop a hard coking and thermal coal project in Mozambique.
  • Punj Lloyd rallied sharply after its subsidiary won a major contract worth Rs1,272 crore for architectural, civil and structural work in Singapore.


The breadth of the market was positive. Of the 2,860 stocks traded on the Bombay Stock Exchange (BSE0, 1,745 stocks advanced, 1,056 stocks declined and 59 stocks ended unchanged. Among the sectoral indices, the BSE Metal index jumped 5.09% at 17,731 followed by the BSE Realty index (up 3.94% at 10,626), the BSE IT index (up 2.74% at 4,198) and the BSE Oil & Gas index (up 2.62% at 12,360).

Most of the heavyweights ended at higher levels. On the Sensex, DLF shot up by 7.04% at Rs944, Reliance Energy soared 4.47% at Rs1,738, TCS surged 3.81% at Rs1,014, HDFC advanced by 3.59% at Rs2,785, Satyam Computer added 3.37% at Rs440, Tata Steel moved up 2.94% at Rs826, Bharti Airtel scaled up 2.60% at Rs939 and ONGC was up 2.59% at Rs1,171. Among the laggards, HLL dropped 1.45% at Rs207, while Ambuja Cement, Bajaj Auto and BHEL closed marginally lower.

Metal stocks were in the limelight and closed with strong gains. Sterlite Industries jumped by 12.58% at Rs1,035, Welspun Gujrat soared 9.18% at Rs419, Ispat Industries surged 6.63% at Rs51, Jindal Steel added 6.15% at Rs13,508, Sesa Goa gained 5.80% at Rs3,453 and JSW Steel advanced by 4.42% at Rs1,009.

Over 3.39 crore Ispat Industries shares changed hands on the BSE followed by Reliance Natural Resources (2.81 crore shares), Reliance Petroleum (2.59 crore shares), Essar Oil (2.08 crore shares) and IFCI (1.83 crore shares).

Reliance Petroleum clocked a turnover of Rs568 crore on the BSE followed by Essar Oil (Rs491 crore), Reliance Natural Resources (Rs459 crore), Mundra Port (Rs282 crore) and Reliance Energy (Rs218 crore).

European Indices at 16:15 IST on 30-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6391.90

42.80

0.67

CAC 40 Index

5643.16

45.05

0.80

DAX Index

7850.66

85.47

1.10

Asian Indices at close on 30-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei

15680.67

166.93

1.08

Hang Seng

28643.61

161.07

0.57

Kospi Index

1906.00

28.44

1.51

Straits Times

3521.27

43.05

1.24

Jakarta Composite Index

2688.33

-11.48

-0.43

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