Sensex

Friday, March 16, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated March 16, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Friday, March 16, 2007 5:41 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 16, 2007

 
 Sharekhan's daily newsletter Visit us at www.sharekhan.com
 
March 16, 2007
Index Performance
Index

Sensex

Nifty
Open 12,570.52 3,639.35
High 12,638.78 3,683.60
Low 12,316.10 3,573.85
Today's Cls 12,430.40 3,608.55
Prev Cls 12,543.85 3,643.60
Change -113.45 -35.05
% Change -0.90 -0.96
 

Market Indicators
Top Movers (Group A)
Company Price 
(Rs)
%
chg

Gainers

Tata Motors 749.45 3.25
IOB 97.50 3.12
Gujarat Gas 1,350.00 3.02
Orchid Chemicals 248.90 2.28
BPCL 300.05 2.16

Losers

Godrej Consumer 139.15 -5.50
Suzlon Energy 964.35 -5.43
Syngenta 445.00 -5.39
Century Textiles 507.25 -4.61
Dabur India 84.70 -4.56
Market Statistics
- BSE NSE
Advances 817 334
Declines 1,738 983
Unchanged 64 41
Volume(Nos) 17.47cr

27.50cr

 Market Commentary 
Market slips, sheds 113 points
Heavy selling in capital goods, consumer durables and banking stocks triggered a major sell-off in the market and the Sensex shed nearly 1% during the day.
The market opened in positive territory despite negative Asian indices led by the buying in metal and pharma stocks. However the Sensex came off    
its high on substantial selling in heavyweight, telecom and capital goods stocks and slipped into the red. After wiping out the early gains of 68 points, the market remained weak throughout the session. The Sensex slipped further in the afternoon on reports of a rise in the inflation rate and touched a low of 12316, down 323 points from the day's high. There was buying at lower levels and the Sensex managed to pare some losses towards the close and end the session at 12430, down 113 points. The Nifty shed 35 points and closed at 3609.

The breadth of the market was negative. Of the 2,619 scrips traded on the BSE, 1,738 stocks declined, 817 stocks advanced and 64 stocks ended unchanged. Except the BSE Oil & Gas Index all the sectoral indices of the BSE ended in negative territory. The BSE CG Index shed 2.60% at 8335. The BSE Bankex, the BSE Teck Index, the BSE CD Index and the BSE PSU Index were down around 1% each.

Reliance Communications triggered a major sell-off in the market and tumbled 3.52% at Rs377. Among the other major losers L&T dropped 3.03% at Rs1,449, Hero Honda declined 3% at Rs648, BHEL lost 2.57% at Rs1,956, Maruti shed 2.25% at Rs779, Gujarat Ambuja slumped 2.22% at Rs104, Cipla slipped 1.65% at Rs224 and ONGC dipped 1.61% at Rs762. ITC, Infosys, HDFC Bank, Reliance Energy, Bharti Airtel, ICICI Bank, and ACC lost around 1% each. However, Tata Motors managed to report gains of 3.25% at Rs749, Ranbaxy added 1.61% at Rs316, Reliance Industries gained 1.25% at Rs1,230, Dr Reddy's advanced 1.07% at Rs682 and Wipro closed with marginal gains at Rs566. 

Movers & Shakers

  • Gail India slipped despite signing a memorandum of understanding with Reliance Industries for cooperation in the gas sector. 
  • Ranbaxy Laboratories notched up gains on receiving a tentative approval from the US FDA to manufacture and market Zolpidem Tartrate tablets. 
  • Satyam Computer Services declined despite announcing a services and technology collaboration with 7Hills Business Solutions for offering supply chain solutions.
  • Punj Lloyd slipped despite announcing that it will construct UK's first world scale bio-ethanol plant.


Select capital goods stocks took a heavy beating on the bourses. Triveni Engineering tanked 5.84% at Rs50, Areva fell 4.70% at Rs994 and Kirloskar Brothers lost 4.61% at Rs372. 

Over 63.65 lakh Idea Cellular shares changed hands on the BSE followed by Reliance Communications (36.54 lakh shares), SAIL (18.48 lakh shares), ITC (17.64 lakh shares) and Parsvanath Developers (15.22 lakh shares).

Reliance Industries was the most actively traded counter on the BSE with a turnover of Rs152 crore followed by Reliance Communications (Rs138 crore), SBI (Rs78 crore), Idea Cellular (Rs58 crore) and Infosys (Rs57 crore).

European Indices at 17:04 IST on 16-03-2007
Index Level Change (pts) Change (%)
FTSE 100 Index 6114.00 -19.20 -0.31
CAC 40 Index 5357.92 -31.93 -0.59
DAX Index 6545.78 -39.69 -0.60
Asian Indices at close on 16-03-2007
Index Level Change (pts) Change (%)
Nikkei 225 16744.15 -116.24 -0.69
Hang Seng Index 18953.50 -15.94 -0.08
Kospi Index 1427.88 0.95 0.07
Straits Times Index 3068.75 -25.85 -0.84
Jakarta Composite Index 1777.89 1.53 0.09

“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.”

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$$ DreamGains !! $$ FW: Daily Newsletter !



-----Original Message-----
From: Capital Market [mailto:cmnews@news.capitalmarket.com]
Sent: Friday, March 16, 2007 8:57 PM
To: justrohit@gmail.com
Subject: Daily Newsletter !

************************************************************
capitalmarket.com Daily Newsletter [Friday, March 16, 2007]
************************************************************

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Stocks - Daily Review

Inflation continues to bother equities
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fstory1-6.asp
%3fsno%3d154289

Market Watch

Gainers - Group A, B1, B2
Losers - Group A, B1, B2
Highs and Lows
Monthly Movers
Advances & Declines
Daily Movers 1 Week, 2 weeks
Volume Toppers
http://www.capitalmarket.com/ns.asp?SH=quotes&St=MainQuotes.htm

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Hot Pursuit

MindTree Consulting top-traded scrip
Raj Television most traded in volume terms on BSE Godrej Consumer Products
heaviest loser in 'A' group Small car project on track, Tata Motors triumphs
BSE Oil & Gas Index lone survivor among sectoral benchmarks Breadth ends red
Bharat Earth Movers gains as follow-on offer likely Punj Lloyd inches ahead
Ranbaxy Labs marches ahead on tentative US FDA okay to insomnia drug Pritish
Nandy Communications soars on plan for raising funds Talk of sweetened bid
for REpower dents Suzlon Energy Inflation data clouds banking scrips
Syngenta India plunges as delisting floor price disappoints Broader market
depicts weakness RCom turnover highest in 'A' group ICI India firms up
Eicher Motors sinks on going ex-dividend NIIT on the back foot Decliners
outstrip advancers when trading halts for sun outage Assurance about Singur
project buoys Tata Motors Raj Television Network tumbles after listing GTC
Industries upbeat on plan for land development Page Industries at hefty
discount Moser Baer India gets going
http://www.capitalmarket.com/ns.asp?SH=hotpursuit&St=cmedit%2fList2-0.asp

Market Commentary

Nifty March 2007 futures discount rises
US market up, dodges weak economic data
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList1-8.asp

Market Beat

Sebi suspends 121 brokers
Sebi suspends 3 brokers
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList4-15.asp

Mutual Funds

Mutual funds turn sellers
CanBank MF launches first FMP
DSPML MF declares dividend
DBS Chola Multi-Cap Fund (G) buys Kotak Mahindra Bank, ITC Kotak Global
India outperforms the category average over most of the time periods Canbank
MF declares dividend on Canfloating Rate Fund Canbank MF declares dividend
on Canliquid Fund
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList10-22.as
p

Economy

Govt hopeful of cement price cut
FM assures RBI will act against inflation Lok Sabha passes banking
regulation bill Inflation rate rises to 6.46% Central Govt hikes DA of
employees
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList12-44.as
p

Other Markets

Rupee ends higher
Call money closes higher on cash crunch
Rupee opens higher
Call money opens higher on cash squeeze
Crude sinks below $58
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList13-118.a
sp

Politics

SC judge refuses to hear review petition of Mulayam's son
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList17-0.asp

The following are paid sections.
To susbscribe visit http://www.capitalmarketplus.com/registration.asp

Latest Results Analysis
Motor Industries Company : Higher taxation hampers growth in PAT Blue Dart
: Net profit down by 21% Grindwell Norton : Drop in OPM and higher
depreciation restricts profit growth

Analyst Meet / AGM
Mahindra and Mahindra

Market Capitalisation
Top 50 Companies, Industrial houses, Industries and Top 25 'A', 'B1','B2'
group companies for the year, month, week and day ended 16 Mar, 2007.

Corporate News
Cadila Healthcare acquires 97% stake in Live Healthcare Sahara One Media to
raise $ 50 million Ranbaxy Labs fixes record date on 31 December 2007
Parsvnath Developers kicks off 5-star hotel, commercial mall project Allianz
Capital & Management allots preferential shares Hiran Orgochem to allot
equity shares No plans for aquisition, says Rolta India Sagar Cements allots
preferential shares Events and Promotions India makes open offer to Sanra
Software Punj Lloyd's subsidiary to develop bio-ethanol facility in UK
Garnet Construction to raise $ 60 million Maharashtra Seamless allots 8 lakh
equity shares Nagreeka Exports to allot equity shares Yash Papers to allot
preferential warrants Shakti Pumps to raise $ 10 million Isibars to raise
authorised share capital Ranbaxy Labs gets tentative nod for zolpidem ICI
India gets Rs 45 crore Rajendra Mechanical fixes record date on 28 March
2007 Wheels India approves dividend Mefcom Agro to allot equity shares
Javelin Tech to allot convertible warrants Market Creators fixes record date
on 30 March 2007 Advani Hotels fixes record date on 29 March 2007 Gini Silk
Mills fixes record date on 30 March 2007 Acknit Knitting fixes record date
on 29 March 2007 Lahoti Overseas fixes record date on 31 March 2007 Atul
Auto to raise Rs 20 crore Morepen Labs to issue equity shares, warrants SRF
declares dividend Karuturi Networks to consider 1:1 bonus share

Subscribe to CAPITAL MARKET magazine for indepth coverage of the stock
markets. Click on http://financeshop.capitalmarket.com?website=Newsletter

Careers@CAPITAL MARKET : Business correspondent / Sector Analyst CAPITAL
MARKET, India`s leading fortnightly investment magazine, which also
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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated March 15, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Thursday, March 15, 2007 5:39 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 15, 2007

 
 Sharekhan's daily newsletter Visit us at www.sharekhan.com
 
March 15, 2007
Index Performance
Index

Sensex

Nifty
Open 12,655.94 3,644.90
High 12,789.81 3,711.05
Low 12,510.75 3,630.55
Today's Cls 1,2543.85 3,643.60
Prev Cls 12,529.62 3,641.10
Change 14.23 2.50
% Change 0.11 0.07
 

Market Indicators
Top Movers (Group A)
Company Price 
(Rs)
%
chg

Gainers

CMC 1309.45 6.44
Orchid Chemicals 243.35 4.87
Dr Reddy's Lab 674.90 4.43
TVS Motors 61.50 4.33
Ipca Lab 590.00 4.26

Losers

Colgate Palmolive 304.25 -4.11
Corporation Bank 216.85 -3.77
Canara Bank 183.25 -3.76
Nirma 167.45 -3.38
IndoRama Synthetic 54.10 -3.05
Market Statistics
- BSE NSE
Advances 1,474 601
Declines 1,090 417
Unchanged 73 29
Volume(Nos) 19.28cr

32.27cr

 Market Commentary 
Market ends flat
The market bounced back on global recovery but ends flat by shedding nearly 250 points from the day's high.
The market saw an impressive pull-back in line with its Asian peers in the morning trades. After yesterday's massacre, the market resumed on a very     
strong note with a gap of 126 points at 12656. The recovery was led by the information technology and banking stocks, which had taken heavy beating yesterday but gained over 2% today. While the action in several counters held the market firm above the 12650 levels in the first half of the trading session, the index notched up further gains in the afternoon to touch the day's high of 12790. However, the index eased on profit taking and the weakness in select heavyweight, auto and banking stocks dragged the index down to touch an intra-day low of 12510 towards the close. Finally, the Sensex ended the session at 12544 with gains of 14 points, while the Nifty added two points to close at 3639.

The breadth of the market was positive. Of the 2,637 stocks traded on the BSE, 1,474 stocks advanced, 1,090 stocks declined and 73 stocks ended unchanged. Among the sectoral indices, the BSE IT index rose by 1.88% followed by the BSE FMCG index (up 1.74%), the BSE Metal index (up 1.34%) and the BSE Teck index (up 1.02%) while the BSE Bankex index slipped 1.23%.

Heavyweights led the upsurge in the market. Among the other major gainers Dr Reddy's shot up by 4.43% at Rs675, ITC increased by 3.15% at Rs147, Infosys moved up by 2.93% at Rs2,078, Hindalco jumped 2.11% at Rs131, TCS gained 1.87% at Rs1,236 and NTPC moved up by 1.19% at Rs141. Select counters, however, finished on a weak note. SBI shed 2.70% at Rs922, HDFC dropped 2.67% at Rs1514, Tata Motors declined by 2.59% at Rs726 and ACC lost 2.13% at Rs732.

Movers & Shakers

  • L&T gained marginally on receipt of an EPC contract worth Rs1,400 crore from Rashtriya Ispat Nigam. 
  • Leading carmaker Maruti Udyog moved up despite raising the prices of its cars by Rs258-1,017 across models and cities. 
  • Kirloskar Brothers scaled up on receiving an order worth Rs344 crore from the state government of Andhra Pradesh. 
  • GE Shipping flared up on taking delivery of a 1994-built Panamax dry bulk carrier, "Jag Akshay".


IT scrips rallied sharply. Mphasis surged by 2.44% at Rs279, Tech Mahindra jumped by 1.37% at Rs1,454 and I-flex Solutions added 1.20% at Rs1,850. The banking stocks bore the brunt of the bears today. Canara Bank lost 3.76% at Rs183, SBI tumbled 2.70% at Rs922, BOI slipped 2.11% at Rs137, UTI Bank was down 1.83% at Rs469 and Bank of Baroda dipped 1.68% at Rs196.

Volume-wise, over 1.48 crore Idea Cellular shares changed hands on the BSE followed by Reliance Communication (30.88 lakh shares), India Cements (28.90 lakh shares), ITC (20.68 lakh shares) and Parsvanath Developers (18.04 lakh shares).

Value-wise, Reliance Industries registered a turnover of Rs148 crore on the BSE followed by Idea Cellular (Rs136 crore), Reliance Communication (Rs123 crore), Infosys (Rs74 crore) and Satyam (Rs74 crore).

European Indices at 17:10 IST on 15-03-2007
Index Level Change (pts) Change (%)
FTSE 100 Index 6109.90 109.20 1.82
CAC 40 Index 5377.98 81.76 1.54
DAX Index 6568.60 120.90 1.88
Asian Indices at close on 15-03-2007
Index Level Change (pts) Change (%)
Nikkei 225 16860.39 183.50 1.10
Hang Seng Index 18969.44 132.51 0.70
Kospi Index 1426.93 19.56 1.39
Straits Times Index 3094.60 41.39 1.36
Jakarta Composite Index 1776.36 14.08 0.80

“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

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