| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,295.03 | 4,505.95 | | High | 15,341.38 | 4,521.85 | | Low | 15,239.41 | 4,495.95 | | Today's Cls | 15,311.22 | 4,512.15 | | Prev Cls | 15,272.72 | 4,504.55 | | Change | 38.50 | 7.60 | | % Change | 0.25 | 0.17 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Mastek | 330.15 | 15.82 | | PFC | 195.80 | 11.76 | | CESC | 497.65 | 9.66 | | Allahabad Bank | 99.90 | 8.94 | | Pidilite Industries | 149.85 | 8.27 | | Losers | | CMC | 1,219.20 | -6.14 | | Mphasis | 282.50 | -5.82 | | Jet Airways | 775.10 | -4.33 | | iGate Global | 267.15 | -3.64 | | Jaiprakash Associate | 838.60 | -3.63 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,485 | 585 | | Declines | 1,210 | 507 | | Unchanged | 58 | 29 | | Volume(Nos) | 33.61cr | 45.88cr | | | | | | Market Commentary | | | Market ends steady amid sharp volatility | | The Sensex ended with modest gains after witnessing an intra-day swing of 102 points. | | The stock market witnessed volatile moves and swung 102 points during the intra-day trades, as shares gyrated sharply between zones through the trading session. | | | | Taking its cue from the firm global indices, the Sensex started on a positive note at 15295 but failed to sustain its gains as a sharp bout of profit-taking pulled the index below the 15300 mark to an intra-day low of 15239. While the market remained lacklustre with a negative bias, the Sensex rolled back to the green by mid-noon trades on renewed buying support and surged to an intra-day high of 15341. However, a fresh round of profit-taking towards the fag end saw the Sensex pare its gains and end at 15311, up 39 points, while the Nifty added eight points to close at 4512.
The breadth of the market was positive. Of the 2,753 stocks traded on the BSE 1,210 stocks declined, 1,485 stocks advanced and 58 stocks remained unchanged. Among the sectoral indices, the BSE IT index dropped 1.01% at 4848 while the BSE FMCG index, the BSE HC index, the BSE CG index and the BSE Teck index also ended at lower levels. The BSE Reality index, the BSE Bankex and the BSE PSU index gained around 1% each. | | | Movers & Shakers | - Mastek jumped on report that the company has acquired insurance-focused IT company in the USA.
- Precision Containers logged gains following reports that the company has secured order for Rs13.00 crore.
- United Phosphorus moved up after the company announced that it has purchased certain crop protection products from Bayer CropScience of Germany.
- Ashok Leyland added gains on reports that the company is setting up a joint venture with Siemens VDO in the field of infotronics.
- Reliance Communications gained on announcing the signing of a definitive agreement to acquire US based Yipes Holdings, Inc.
- OM Metals Infraprojects inched up on reports that the company has secured Rs162 crore worth orders for hydro-mechanical works.
| | | |
Select heavyweights edged higher on decent buying support. Reliance Energy on favourable ruling from the Norwegian court rose 4.54% at Rs706, SBI jumped 3.83% at Rs1,614, Bajaj Auto advanced 3.71% at Rs2,255, Reliance Communication added 3.49% at Rs574, Ambuja Cement gained 3.41% at Rs133 and Hindalco gained 3.41% at Rs180.30. However, select front-line stocks came under selling pressure. Wipro was the major loser and dropped 2.32% at Rs500.70. Other draggers Satyam Computer declined 2.26% at Rs482, Hindustan Unilever dropped 2.22% at Rs198 and Ranbaxy shed 2.17% at Rs345.
Over 1.93 crore Bellary Steel shares changed hands on the BSE followed by IFCI (71.77 lakh shares), Sujana Metal (65.59 lakh shares), Naga Fertilizers (57.36 lakh shares) and RNRL (56.11 lakh shares).
| | | | | | | | European Indices at 16:10 IST on 16-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6701.20 | 3.50 | 0.05 | | CAC 40 Index | 6112.73 | -5.23 | -0.09 | | DAX Index | 8102.45 | 9.68 | 0.12 | | | | | | | | | | | Asian Indices at close on 16-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 18238.95 | 254.81 | 1.42 | | Hang Seng Index | 22953.94 | -145.35 | -0.63 | | Kospi Index | 1949.51 | -13.42 | -0.68 | | Straits Times Index | 3653.23 | -1.38 | -0.04 | | Jakarta Composite Index | 2286.22 | -15.38 | -0.67 | | | | | | | | 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.
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