| | | | Index Performance | | Index | Sensex | Nifty | | Open | 20,074.92 | 5,974.00 | | High | 20,095.69 | 6,015.30 | | Low | 19,834.01 | 5,923.35 | | Today's Cls | 19,930.68 | 5,960.60 | | Prev Cls | 19,966.00 | 5,974.30 | | Change | -35.00 | -13.70 | | % Change | -0.18 | -0.23 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Micro Inks | 449.60 | 19.99 | | D-Link India | 113.60 | 16.81 | | Ingersoll Rand | 390.50 | 13.32 | | Alok Ind | 91.05 | 10.56 | | Lanco Infra | 603.90 | 8.65 | | Losers | | GSK Consumer | 702.00 | -3.92 | | Ramco System | 168.35 | -3.41 | | Goemetric | 84.40 | -3.38 | | Titan Ind | 1488.20 | -2.92 | | VSNL | 628.00 | -2.88 | | | Market Statistics | | - | BSE | NSE | | Advances | 2,061 | 761 | | Declines | 805 | 391 | | Unchanged | 37 | 15 | | Volume(Nos) | 66.38cr | 85.92cr | | | | | | Market Commentary | | | Small-caps rally as market awaits Fed rate cut | | Mid-cap and small-cap stocks rallied sharply ahead of the expected interest rate cut by the Fed, however, large-caps remained subdued for the day. | | The market took a pause after the three-session rally, as the flat close in US markets and subdued Asian markets triggered a sell-off in frontline stocks. | | | | All round buying in the last three sessions had helped market to add over 400 points to the Sensex. However, the down trend in international markets on the back of more subprime losses hitting the US financial sector, despite an expected rate cut in Federal Reserve created a perfect platform for the traders to sell short frontline stocks. The market resumed with a gap of 109 points at 20,075, however, the mood turned cautious as trading progressed. But, the small-caps witnessed the strong buying support during the intra-day trades. Rain Commodities, Lanco Industries, Ero Ceramics and Abhishek Industries hit their upper circuit limits. The Sensex slipped to its day's low of 19,834 by afternoon on sustained selling in heavyweights, FMCG and power stocks. The Sensex finally ended the session with a marginal recovery at 19,931, down 35 points. Broad-based Nifty closed the session at 5,961, down 14 points. | | | Movers & Shakers | - Sun TV Network surged on launching its FM radio station at Indore under the brand 'S FM'.
- Voltas rallied sharply on buying balance 50% stake in its JV company Universal Comfort Products (UCPL) from Fedders International Air-conditioning Pvt Ltd.
- Bharti Airtel moved up on announcing to form a new towering company Indus Towers Ltd in a Joint Venture with Idea Cellular and Vodafone Essar.
| | | | The breadth of the market was positive. Of the 2,903 stocks traded on the BSE, 2,061 stocks advanced, 805 stocks declined and 37 stocks ended unchanged. Most of the sectoral indices had a positive outing on the BSE. The BSE CD index surged 2.18% at 6,059 followed by the BSE Realty (up 2.13% at 11,823) and the BSE Bankex index (up 0.95% at 1,1487). However, the BSE CG index, the BSE FMCG index, the BSE HC index, the BSE Metal index and the BSE Power index closed with marginal losses.
Among the major Sensex gainers, Hindalco surged 2.63% at Rs193, ICICI Bank added 2.10% at Rs1,274, Infosys shot up by 1.76% at Rs1,748, DLF soared 1.44% at Rs1,026 and Bharti Airtel moved up by 1.13% at Rs970, while Reliance energy, ONGC, Bajaj Auto, Maruti Suzuki and Tata Steel closed with moderate gains. Among the laggards, TCS slipped 2.41% at Rs1,036, BHEL fell 2.40% at Rs2,677, Cipla lost 2.03% at Rs193, HDFC was down 1.67% at Rs2,872 and HDFC Bank lost 1.65% at Rs1,693.
Over 4.06 crore Tata Teleservices shares changed hands on the BSE followed by GV Films (2.92 crore shares), Ispat Industries (2.71 crore shares), Centurion Bank of Punjab (1.54 crore shares) and IFCI (1.42 crore shares).
Valuewise, Tata Teleservices registered a turnover of Rs232 crore on the BSE followed by Reliance Petroleum (Rs212 crore), Ispat Industries (Rs193 crore), Essar Oil (Rs183 crore) and IFCI (Rs150 crore). | | | | | | | | European Indices at 16:15 IST on 10-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6550.00 | -4.90 | -0.07 | | CAC 40 Index | 5729.93 | 11.18 | 0.20 | | DAX Index | 8020.61 | 26.54 | 0.33 | | | | | | | | Asian Indices at close on 10-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 15924.39 | -31.98 | -0.20 | | Hang Seng | 28501.10 | 341.37 | -1.18 | | Kospi Index | 1906.42 | -27.90 | -1.44 | | Straits Times | 3553.08 | -4.87 | -0.14 | | Jakarta Composite Index | 2790.26 | 11.32 | 0.41 | | | | | | | | | | | | | | | | | | | | To know more about our products and services, click here. | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
No comments:
Post a Comment