Sensex

Wednesday, December 12, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated December 11, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 11 December 2007 19:07
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 11, 2007

 

 

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December 11, 2007

 

Index Performance

Index

Sensex

Nifty

Open

20,049.35

5,960.40

High

20,333.06

6,111.20

Low

20,019.34

5,960.40

Today's Cls

20,290.89

6,097.25

Prev Cls

19,930.68

5,960.60

Change

360.21

136.65

% Change

1.81

2.29

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infra

699.50

15.83

Indian Bank

218.65

12.50

MTNL

194.55

8.72

Welspun Gujarat

475.55

8.31

ICI India

582.05

8.15

Losers

Micro Inks

414.95

-7.71

FDC

42.00

-5.62

D-Link India

108.90

-4.14

MRPL

139.05

-3.77

Chambal Fertilisers

86.50

-3.35

Market Statistics

-

BSE

NSE

Advances

1,981

713

Declines

894

448

Unchanged

39

7

Volume(Nos)

68.54cr

88.43cr

 Market Commentary 

Sensex scales new high

Market registered smart gains, but was off its new intra-day high and ended near the 20,300 mark.

The market exhibited awesome display in anticipation of more foreign fund inflows if US Federal Reserve cuts the interest rate further as expected   

 

and achieved a new peak on the back of all-round buying. The benchmark share index, Sensex, rose to its record high of 20,333 as realty and banking stocks registered heavy gains. The market opened with a positive gap of 118 points and kept its upward bias for the entire day. The realty major Ansal Properties and Infrastructure, Unitech, and Omexe registered the biggest gains in today's trades. Bharti Airtel and HDFC Bank were also the major contributors in today's rally. The index moved within a range in the afternoon. However, Sensex witnessed hectic buying towards the close and ended the session near its all-time high with a gain of 360 points at 20,291. The Nifty closed the session at 6,097, up 137 points.

Among sectoral indices, Realty index led the upsurge with a gain of 3.04% at 12,182 followed by the BSE Bankex index (up 2.54% at 11,779), the BSE Metal index (up 1.89% at 19,055) and the BSE PSU index (up 1.80% at 10,086). The market breadth was extremely positive. Of the 2,914 stocks traded on the Bombay Stock Exchange (BSE), 1,981 stocks advanced, 894 stocks declined and 39 stocks ended unchanged.

Out of the 30 Sensex stocks, 25 managed to end in the green while five stocks ended with losses. Bharti Airtel was the leading gainer and soared 6.21% at Rs1,031. HDFC Bank jumped 4.81% at Rs1,775, ONGC shot up by 3.68% at Rs1,238, Hindalco advanced 3.34% at Rs200, ICICI Bank moved up by 3.32% at Rs1,316, Maruti Suzuki added 3.17% at Rs1,079 and Bajaj Auto gained 3% at Rs2,794. Among the laggards DLF dropped 1.20% at Rs1,014. Infosys, BHEL, Ambuja Cement and Reliance Energy slipped marginally.

Over 3.23 crore Tata Teleservices shares changed hands on the BSE followed by IKF Technologies (2.73 crore shares), Himachal Futuristic (2.43 crore shares), GV Films (1.77 crore shares) and IFCI (1.72 crore shares).

Lanko Infrastructure registered a turnover of Rs210 crore on the BSE followed by Reliance Petroleum (Rs209 crore), Tata Teleservices (Rs192 crore), IFCI (Rs186 crore) and Reliance Energy (Rs128 crore).

European Indices at 16:15 IST on 11-12-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6526.30

-39.10

-0.60

CAC 40 Index

5725.41

-25.51

-0.44

DAX Index

8021.79

-11.57

-0.14

Asian Indices at close on 11-12-2007

Index

Level

Change (pts)

Change (%)

Nikkei

16044.72

120.33

0.76

Hang Seng

29226.84

725.74

2.55

Kospi Index

1925.07

18.65

0.98

Straits Times

3589.03

35.95

1.01

Jakarta Composite Index

2810.96

20.70

0.74

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