| | Index Performance | Index | Sensex | Nifty | Open | 15,018.71 | 4,385.45 | High | 15,085.22 | 4,427.55 | Low | 15,005.47 | 4,385.45 | Today's Cls | 15,045.73 | 4,419.40 | Prev Cls | 14,964.12 | 4,384.85 | Change | 81.61 | 34.55 | % Change | 0.55 | 0.79 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | Union Bank | 145.20 | 11.82 | Lanco Infra | 227.65 | 8.43 | Dena Bank | 52.20 | 7.63 | ING Vysya Bank | 269.05 | 7.04 | IOB | 125.90 | 6.65 | Losers | Alfa Laval | 1,078.00 | -2.69 | Apollo Tyre | 345.65 | -2.43 | HLL | 195.35 | -2.30 | Aurobindo Pharma | 742.00 | -2.29 | BEML | 1,254.70 | -2.05 | | Market Statistics | - | BSE | NSE | Advances | 1,610 | 696 | Declines | 1,055 | 399 | Unchanged | 72 | 26 | Volume(Nos) | 27.84cr | 38.24cr | | | | | Market Commentary | | Market clocks new peak above 15000 | The market registered decent gains, but was off its new intra-day high and ended at a new peak above the 15000 mark. | The market continued with its awesome display and achieved a new peak on the back of all-round buying. | | | Resuming on a firm note at 15019, 55 points above its previous close of 14964, the Sensex rallied sharply and zoomed above the 15050 mark to touch a new intra-day high of 15085 on strong upmove in most of the index heavyweights and other side counters. However, profit-taking in select counters, particularly, in Reliance Energy, towards the close saw the Sensex pare gains to a considerable extent and close at a new high of 15046, up 82 points. The Nifty also edged higher and closed at 4419. | | Movers & Shakers | - Venus Remedies, which registered a research product in Ukraine, reported steady gains.
- Dishman Pharmaceuticals was up on reports that the company has signed a memorandum of understanding with Solvay Pharmaceuticals.
- ICSA India gained on report that it has secured work orders(s) for a total contract value of Rs30.44 crore from chief general manager/projects, APSPDCL, Tirupati, Andhra Pradesh.
| | | The breadth of the market was positive. Of the 2,737 stocks traded on the BSE, 1,610 stocks advanced, 1,055 stocks declined and 72 ended unchanged. Among the sectoral indices, the BSE PSU index, the BSE Teck index and the BSE CG index rose around 1% each, while the BSE FMCG index and BSE Auto index were the only laggards and ended marginally weak. Among the movers of the index, Reliance Energy soared 2.94% at Rs615.50, L&T rose 2.17% at Rs2,415.80, Bharti Airtel scaled up 1.98% at Rs884, ONGC added 1.88% at Rs895.85, TCS moved up by 1.51% at Rs1,176 and SBI was up 1.36% at Rs1,571. HDFC Bank, BHEL, NTPC and Wipro gained over 1% each. HLL, however, faced heavy profit booking and lost 2.30% at Rs195.35, while ICICI Bank declined 1.13% at Rs970. Mahindra and Mahindra, Cipla, Grasim and Maruti Udyog ended with marginal losses. PSU stocks continued to trade in the limelight. Union Bank of India advanced 11.82% at Rs145.20, Dena Bank rose 7.63% at Rs52.20, Indian Overseas added 6.65% at Rs125.90 and Vijaya Bank gained 6.07% at Rs53.30. Corporation Bank, Oriental Bank, Rashtriya Chemicals, Indian Bank and UCO Bank were up 4-6% each. Ambalal Sarabhai Enterprises at Rs24.75, Reliance Capital at Rs1,164.30, Morgan Stanley at Rs49.45, Prism Cements at Rs49.15, Sub Projects at Rs275, SOLIX Technologies at Rs44.95, Borosil at Rs620.85, Asian Electricity at Rs1,051.10 and Emco at Rs951 touched new intra-day highs on the BSE. Over 1.73 crore IFCI shares changed hands on the BSE followed by GV Films (83.12 lakh shares), Roman Tarmat (81.89 lakh shares), IKF Technologies (69.53 lakh shares) and RNRL (41.60 lakh shares). Value-wise Roman Tarmat registered a turnover of Rs269 crore followed by Vishal Retail (Rs245 crore), DIVIS Lab (Rs202 crore), Akruti Nirman (Rs179 crore) and ICICI Bank (Rs146 crore). | | | | | | | | European Indices at 16:42 IST on 09-07-2007 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 6708.10 | 18.00 | 0.27 | CAC 40 Index | 6117.47 | 14.78 | 0.24 | DAX Index | 8086.37 | 38.05 | 0.47 | | | | | | | | | | | Asian Indices at close on 09-07-2007 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 18261.98 | 121.04 | 0.67 | Hang Seng Index | 22817.43 | 285.69 | 1.27 | Kospi Index | 1883.59 | 22.58 | 1.21 | Straits Times Index | 3626.72 | 64.76 | 1.82 | Jakarta Composite Index | 2271.34 | 44.29 | 1.99 | | | | | | | | 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 | |