Sensex

Friday, March 30, 2007

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

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Friday, March 30, 2007 4:55 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 30, 2007

 
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March 30, 2007
Index Performance
Index

Sensex

Nifty
Open 13,018.21 3,788.85
High 13,111.87 3,832.20
Low 12,984.13 3,785.30
Today's Cls 13,072.10 3,821.55
Prev Cls 12,979.66 3,798.10
Change 92.44 23.45
% Change 0.71 0.62
 

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

Gainers

Proctor & Gambler 834.90 7.62
Chennai Petro 188.90 6.09
Hexaware 168.10 5.72
IndusInd Bank 41.95 5.67
Orchid Chemicals 261.85 5.14

Losers

Reliance Petro 71.50 -3.51
Lanco Infra 158.35 -3.00
Ingersoll Rand 277.75 -2.94
IndoRama Synthetic 50.70 -2.87
BPCL 302.25 -2.83
Market Statistics
- BSE NSE
Advances 1,676 903
Declines 864 435
Unchanged 70 28
Volume(Nos) 18.06cr

34.41cr

 Market Commentary 
Sensex gains amid volatility
The market notched up gains for the second consecutive session on buying in pharma, fast moving consumer goods and metal stocks.
The Sensex began the trading session above the 13000 mark at 13018, up 38 points, and moved up in early trades on buying in several heavyweights to touch an    
early high of 13070. However, the Sensex eased on profit booking in oil & metal stocks and touched an intra-day low of 12984. The market moved up on reports that the inflation was unchanged for the third week in a row at 6.46%. The Sensex surged and touched an intra-day high of 13112 on substantial buying in pharma, fast moving consumer goods, metal and auto stocks. The Sensex settled at 13072, up 92 points. The Nifty ended the session at 3822, up 23 points.

Movers & Shakers

  • Amtek Auto closed in the red despite signing a 50:50 joint venture pact with VCST Industrial Products of Belgium to manufacture powertrain components. 
  • Shringar Cinemas gained on reports that the company has acquired a 3-screen operational multiplex at Anand, Gujarat. 
  • Patel Engineering moved up on bagging an order worth Rs806 crore in a joint venture with Gammon Ltd. 


The breadth of the market was positive. Of the 2,610 stocks traded on the BSE, 1,676 stocks advanced, 864 stocks declined and 70 stocks ended unchanged. Among the sectoral indices the BSE HC Index advanced 1.89% at 3649 followed by the BSE Metal Index (up 1.71% at 8488), the BSE FMCG Index (up 1.57% at 1739) and the BSE Auto Index (up 1.36% at 4869). 

Most of the heavyweights ended in positive territory. Dr Reddy's rose 3.13% at Rs728, NTPC advanced 3.06% at Rs150, ITC climbed 2.49% at Rs150, Ranbaxy surged 2.13% at Rs353, Gujarat Ambuja gained 2.01% at Rs107, Tata Steel added 1.88% at Rs450, Satyam Computers jumped 1.86% at Rs470, Grasim advanced 1.78% at Rs2,091, Tata Motors added 1.77% at Rs728 and HDFC Bank was up 1.75% at Rs949. Among the laggards Wipro shed 1.27% at Rs558 and TCS slipped 1.27% at Rs1,231. HDFC, BHEL, ICICI Bank, Cipla and ACC ended with marginal losses.

Pharma stocks were in the limelight. Lupin soared 4.82% at Rs606, Aurobindo Pharma advanced 4.68% at Rs679, Sun Pharma added 4.08% at Rs1,059 and Matrix Labs gained 3.36% at Rs175. Biocon, Cadila, Wockhardt and Glaxo gained 2-3% each.

Over 32.16 lakh Idea Cellular shares changed hands on the BSE followed by Reliance Petro (23.53 lakh shares), SAIL (20.27 lakh shares), HLL (19 lakh shares) and ITC (17.64 lakh shares).

Value-wise Reliance Industries registered a turnover of Rs77 crore on the BSE followed by ICICI Bank (Rs50 crore), Tata Steel (Rs49 crore), Bajaj Auto (Rs46 crore) and Infosys (Rs43 crore).

European Indices at 15:30 IST on 30-03-2007
Index Level Change (pts) Change (%)
FTSE 100 6304.70 -19.50 -0.31
CAC 40 Index 5618.76 -12.77 -0.23
DAX Index 6899.92 2.84 0.04
Asian Indices at close on 30-03-2007
Index Level Change (pts) Change (%)
Nikkei 225 17287.65 23.71 0.14
Hang Seng Index 19800.93 -20.85 -0.11
Kospi Index 1452.55 1.60 0.11
Straits Times Index 3231.24 2.36 0.07
Jakarta Composite Index 1830.92 13.21 0.73

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