Sensex

Tuesday, July 17, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 17, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 17 July 2007 16:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 17, 2007

 

 

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July 17, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,357.60

4,497.10

High

15,440.20

4,550.25

Low

15,272.46

4,488.25

Today's Cls

15,289.82

4,496.75

Prev Cls

15,311.22

4,512.15

Change

-21.40

-15.40

% Change

-0.14

-0.34

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GNFC

137.15

5.50

Mastek

343.05

3.91

Nicholas Piramal

293.85

3.47

HCL Tech

336.90

3.15

Ambuja Cement

137.45

3.11

Losers

Siemens

1,345.55

-7.67

Geometric Software

117.80

-6.17

Ispat Industries

15.24

-4.99

Sterlite Industries

633.00

-4.80

CESC

477.10

-4.13

Market Statistics

-

BSE

NSE

Advances

977

370

Declines

1,696

719

Unchanged

60

32

Volume(Nos)

36.64cr

52.86cr

 Market Commentary 

Market dips marginally on late selling

A late bout of selling saw the Sensex erase its early gains and close at 15290.

The market was poised for another positive close, but a late bout of selling dragged the Sensex below 15300 and halted its up move.  

 

Shrugging off the mixed trend in the US and European markets, the Sensex took a cue from the Asian indices and resumed 47 points above its last close at 15358. Extending the up move on hectic buying support, the Sensex breached the 15400 mark and touched the day's high of 15440. The market remained above the crucial 15350 level for a major portion of the day, but it witnessed a major slump towards the close and touched an intra-day low of 15272. The Sensex closed with losses of 21 points at 15290, while the Nifty was down 15 points at 4497.

The breadth of the market was marginally weak. Of the 2733 stocks traded on the BSE, 1,696 stocks declined, 977 stocks advanced and 60 stocks ended unchanged. On the sectoral front, the BSE Oil & Gas index was up 1.46% at 7985 and the BSE IT index gained 0.65% at 4880 while the BSE CD index closed marginally higher at 4230. However BSE Metal index, BSE CD index, BSE Auto index and BSE PSU were down 1% each. 

Among the major losers, M&M shed 2.63% at Rs780, Reliance Com declined 2.31% at Rs561, BHEL fell 2.16% at Rs1623, SBI slipped 2.09% at Rs1580, Tata Steel dipped 1.98% at Rs681, Bharti Airtel lost 1.62% at Rs863 and Bajaj Auto slumped 1.61% at Rs2219. HDFC, Tata Motors, Grasim, HDFC Bank, REL, Cipla, Hindalco, L&T, ONGC and ACC were down 1% each. Ambuja Cements, however, gained 3% at Rs137, followed by RIL up 2.86% at Rs1827, TCS added 2.39% at Rs1155, Dr Reddy's jumped 1.79% at Rs674 and Satyam was up by 1.30% at Rs488. Wipro and ITC were up 1% each. ICICI Bank, NTPC, Infosys and Ranbaxy ended the day in the positive territory.

Over 23.22 million Reliance Natural Resources shares changed hands on the BSE followed by Bella Steel (14.29 million shares), Celest Lab (77.87 lakh shares), Silverline Technologies (74.80 lakh shares) and IFCI (74.03 lakh shares).

Value-wise, Indiabulls Real Estate registered a turnover of Rs403.62 crore on the BSE followed by Indiabulls (Rs238.85 crore), DLF (Rs185.94 crore), RIL (Rs166.85 crore) and GMR Infrastructure (Rs153.31 crore).

European Indices at 16:15 IST on 17-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6635.60

-62.20

-0.93

CAC 40 Index

6070.70

-54.90

-0.90

DAX Index

8002.00

-103.69

-1.27

 

Asian Indices at close on 17-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18217.27

-21.68

-0.12

Hang Seng

23057.30

103.36

0.45

Kospi Index

1949.51

-13.42

-0.68

Straits Times

3651.05

-2.18

-0.06

Jakarta Composite Index

2301.34

15.12

0.66

 

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