Sensex

Thursday, December 27, 2007

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 26 December 2007 19:16
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 26, 2007

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

December 26, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,940.96

5988.45

High

20,211.47

6085.25

Low

19,896.61

5988.45

Today's Cls

20,192.52

6070.75

Prev Cls

19,854.12

5985.10

Change

338.40

85.65

% Change

1.70

1.43

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

HMT

103.20

9.96

Hinduja Venture

671.50

8.46

Finolex Ind

116.85

8.34

Parsvnath Developers

422.95

7.87

Reliance Capital

2,624.85

7.25

Losers

Mastek

323.50

-3.27

CMC

1,293.85

-3.08

Raymond

401.30

-2.74

Gillette

1,386.25

-2.33

Sun Pharma

1,207.15

-2.28

Market Statistics

-

BSE

NSE

Advances

2,283

920

Declines

639

248

Unchanged

23

6

Volume(Nos)

54.82cr

62.35cr

 Market Commentary 

Sensex ends on bullish note

Sensex rallied sharply and gained over 1.70% on buying in oil, metal, and capital goods stocks.

Riding on the back of three straight sessions of gains, the Sensex opened firm at 19,941 and crossed the 20,000 mark by mid-morning trades.   

 

Short coverings in December derivative contracts and firm global cues triggered major buying in Sensex stocks in morning trades. The Sensex rallied sharply as investors continued to roll over positions to January series and the Sensex touched an intra-day high of 20,211 by afternoon. The market remained buoyant for the entire trading session on substantial buying support from oil, metal, and capital goods stocks. The Sensex finally wrapped up the session with gains of 1.70% or 338 points at 20,193. The Nifty advanced by 1.43% or 86 points at 6,071.

Movers & Shakers

  • Deep Industries surged on receiving a contract from Gujarat State Petronet Ltd for compression of natural gas.
  • Gemini Communication rallied sharply on procuring orders for rural broadband access worth Rs260 crore.
  • CS Software Enterprise jumped on bagging orders to render high-end engineering services to Safran group.
  • Confidence Petroleum India tumbled despite receiving various orders worth Rs35.50 crore.
  • Sun TV Network flared up on launching FM radio station at Vijayawada under the brand 'S FM'.


The breadth of the market was positive. Of the 2,945 stocks traded on the BSE, 2,283 stocks advanced, 639 stocks declined and 23 stocks ended unchanged. All the sectoral indices on the BSE ended in positive territory. The BSE Oil & Gas ended firm with gains of 3.49% at 13,121,the BSE Realty index rose 2.82% at 12,152 and the BSE Metal index added 2.34% at 19,262. 

Action in several index heavyweights lifted the market. DLF led the pack and shot up by 4.35% at Rs1,014. Hindalco soared 4.18% at Rs209, Reliance Industries surged 3.90% at Rs2,897, Tata Steel flared up by 3.51% at Rs893, Tata Motors jumped by 3.31% at Rs751, SBI added 2.97% at Rs2,399, BHEL advanced by 2.63% at Rs2,555, Reliance Energy moved up by 2.58% at Rs2,112 and L&T was up 2.57% at Rs4,194. However, Bajaj Auto slipped 1.14% at Rs2,682, while TCS at Rs1,098, ONGC at Rs1,236, HLL at Rs215 and HDFC at Rs2,889 dropped marginally.

Over 2.41 crore GV Films shares changed hands on the BSE followed by Ispat Industries (1.92 crore shares), IKF Technologies (1.79 crore shares), Bella Steel (1.23 crore shares) and Reliance Petroleum (1.08 crore shares).

Valuewise, Reliance Energy registered a turnover of Rs199 crore on the BSE followed by reliance Industries (Rs173 crore), Reliance Communications (Rs145 crore), L&T (Rs68 crore) and DLF (Rs52 crore).

Asian Indices at close on 26-12-2007

Index

Level

Change (pts)

Change (%)

Nikkie

15653.54

100.95

0.65

Kospi Composite

1906.72

-12.75

-0.66

Strait Times

3473.21

38.68

1.13

Jakarta Composite

2714.55

56.57

2.13

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

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Dog Fanatics

on Yahoo! Groups

Find people who are

crazy about dogs.

Shedding Pounds

on Yahoo! Groups

Read sucess stories

& share your own.

.

__,_._,___

No comments: