| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,625.63 | 4,563.75 | | High | 15,683.03 | 4,600.80 | | Low | 15,524.68 | 4,553.80 | | Today's Cls | 15,565.55 | 4,566.05 | | Prev Cls | 15,550.13 | 4,562.10 | | Change | 15.42 | 3.95 | | % Change | 0.10 | 0.09 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | RCF | 54.05 | 19.98 | | National Fertilisers | 36.40 | 19.74 | | Exide Industries | 54.70 | 16.14 | | Fertilisers & Chemicals | 25.30 | 9.76 | | Thermax | 618.15 | 9.22 | | Losers | | BASF India | 272.45 | -5.51 | | Birla Corporation | 294.70 | -5.32 | | Mastek | 309.85 | -5.06 | | Finolex Cables | 94.45 | -4.45 | | Oriental Bank | 249.10 | -3.92 | | | Market Statistics | | - | BSE | NSE | | Advances | 912 | 353 | | Declines | 1,693 | 750 | | Unchanged | 55 | 22 | | Volume(Nos) | 36.38cr | 50.98cr | | | | | | Market Commentary | | | Market ends flat | | After exhibiting firm trend for the better part of the session, the Sensex closed with a marginal gain of 15 points. | | The market appeared to be heading towards a negative close as the strong bout of selling saw the Sensex enter into the negative territory, though for a while. | | | | The Sensex had a roaring start and the index continued its record rally for the third consecutive session today. Taking cues from the strong Asian markets the Sensex rallied sharply in the morning trades and touched the all-time high of 15,683. The index also received major support from L&T, Tata Steel and Bharti Airtel which gained around 3-4% today. Capital goods and metal stocks rallied sharply but cement and IT stocks remained subdued as traders booked profits. On the result front, Satyam Computer reported disappointing numbers, while Exide Industries showed a solid jump in its quarterly profits. The market remained stable in the afternoon as a string of results kept the momentum going. However, the Sensex saw profit booking towards the close and entered into the negative territory to touch the day's low of 15,525. It, however, recovered on buying in few pivotal stocks and closed the session at 15,566, up 15 points. The Nifty ended the session at 4,566, up four points. | | | Movers & Shakers | - Tata Metaliks gained on signing a Joint Venture (JV) agreement with Kubota Corporation and Metal One, Japan.
- Pantaloon Retail surged on entering into a 50:50 JV with Axiom Telecom LLC, UAE to sell mobile handsets in India.
- Aurobindo Pharma closed in the red despite receiving US FDA approval for its Amlodipine Besylate tablets.
- Orchid slipped despite receiving USFDA for its ANDAs for Cefdinir capsules and oral suspension.
- United Phosphorus moved up on reports that the company has purchased 100% stake in ICONA and ICONA San Luis S.A. (ICONA) of Argentina in a all-cash deal.
| | | |
The market breadth was negative, with the losers outpacing the gainers in the ratio of 1.85:1. Of the 2,660 stocks that traded on the BSE, 1,693 stocks declined, 912 stocks advanced and 55 stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE CD index dropped 1.44% at 4,210 followed by the BSE IT index (down 0.71% at 4,921) and the BSE Bankex index (down 0.70% at 8,395). However, the BSE Realty index gained 1.60% at 8,183, the BSE CG index (up 1.51% at 13,070) and the BSE Metal index (up 1.48% at 12,211).
Among the Sensex stocks, steel major Tata Steel was the leading gainer and its stock price soared 4.84% at Rs715. Among the other stocks L&T advanced 4.15% at Rs2,475, Bharti Airtel jumped 3.03% at Rs923, while M&M, Reliance Communication, HDFC, Dr Reddy's Lab, Reliance Energy, Ranbaxy and Grasim closed with marginal gains. Among the laggards, ACC slipped 3.75% at Rs1,107, Bajaj Auto shed 2.30% at Rs2,327, Cipla declined by 2.21% at Rs201, Ambuja Cement fell by 2.09% at Rs136 and Hindalco lost 1.88% at Rs182.
Over 1.62 crore Tata Teleservices shares changed hands on the BSE followed by Spice Communication (1.58 crore shares), IFCI (1.11 crore lakh shares), Petronet LNG (94.93 lakh shares) and IKF Technologies (69.68 lakh shares).
Reliance Industries registered a turnover of Rs158 crore on the BSE followed by DLF (Rs157 crore), Indiabulls Real Estate (Rs152 crore), Tata Steel (Rs128 crore) and ACC (Rs124 crore). | | | | | | | | European Indices at 16:30 IST on 20-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6650.30 | 10.10 | 0.15 | | CAC 40 Index | 6045.32 | -20.18 | -0.33 | | DAX Index | 7988.28 | -2.93 | -0.04 | | | | | | | | | | | Asian Indices at close on 20-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 18175.93 | 41.36 | 0.23 | | Hang Seng | 23291.90 | 275.70 | 1.20 | | Kospi Index | 1983.54 | 45.64 | 2.36 | | Straits Times | 3651.38 | 46.76 | 1.30 | | Jakarta Composite Index | 2366.40 | 32.71 | 1.40 | | | | | | | | 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 | |
