Sensex

Tuesday, August 14, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated August 14, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 August 2007 15:10
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 14, 2007

 

 

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August 14, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,066.71

4,373.90

High

15,069.64

4,394.30

Low

14,964.66

4,354.35

Today's Cls

15,000.91

4,370.20

Prev Cls

15,017.21

4,373.65

Change

-16.30

-3.45

% Change

-0.11

-0.08

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Chambal Fertilisers

35.95

6.52

Bongaigaon Refinery

55.20

5.54

HDIL

544.85

4.64

GIPCL

65.90

4.60

CMC

1,072.15

4.28

Losers

Dredging Corporation

530.00

-3.84

Spice Comm.

52.85

-3.29

Indian Hotels

135.45

-3.22

Sun TV

342.50

-3.08

United Phosphorus

326.05

-3.03

Market Statistics

-

BSE

NSE

Advances

1,573

588

Declines

1,104

524

Unchanged

87

31

Volume(Nos)

35.61cr

41.20cr

 Market Commentary 

Market lacked the lustre

After exhibiting subdued trend for the better part of the day, the Sensex closed marginally below its previous close.

After opening marginally above its previous close, the Sensex slipped into the red tracking weak global cues.  

 

The market continued to trade in a narrow range thereafter. The lack of interest in buying and the selling in index pivotal stocks dragged the index to the day's low of 14,965 by the afternoon. The Sensex entered into the green in the late trades due to resumption of buying in energy, banking and consumer durable stocks. But the index could not withstand the selling pressure and entered into the red again, finally closing the session at 15,001, down 16 points. The Nifty ended the session three points down at 4,370.

Movers & Shakers

  • Petron Engineering jumped after bagging a contract for the supply of fired heaters to Bina Refinery project developed by Bharat Oman Refineries.
  • Solar Explosives rallied sharply on bagging order worth Rs11,163 crore from Coal India Ltd for supplying bulk explosives.
  • Sunil Hitech Engineers closed in the green on bagging a contract worth Rs11,175 crore from JSW (Ratnagiri) Ltd.
  • Sterlite Optical surged on receiving a contract from BSNL worth Rs38 crore to install pan-India optical fiber access network for the company. 
  • Pratibha Industries gained on securing a contract from Indore Development Authority worth Rs138 crore.


However, the market breadth was positive. Of the 2,764 stocks that traded on the BSE, 1,573 stocks advanced, 1,104 stocks declined and 87 stocks ended unchanged. Among the sectoral indices, the BSE CD index moved up by 2.07% followed by the BSE Realty index (up 1.19%). However, the BSE Auto index, the BSE HC index, the BSE IT index, the BSE FMCG index and the BSE Teck index closed in negative territory.

Among the index heavyweights, NTPC flared up by 2.98% at Rs173, ONGC spurted 1.27% at Rs854, HDFC Bank scaled up 1.26% at Rs1,150, while Hindalco, Bharti Airtel, Dr Reddy's Lab, ICICI Bank, Bajaj Auto, Wipro and Reliance Industries gained marginally. However, ACC tumbled 2.17% at Rs990, HDFC slipped 2.13% at Rs1,941, Grasim was down 1.97% at Rs2,879, HLL lost 1.72% at Rs200 and M&M fell 1.59% at Rs679.

Over 1.92 crore Nagarjuna Fertilizers’ shares changed hands on the BSE followed by IKF Technologies (1.57 crore shares), IFCI (1.23 crore shares), Reliance Natural Resources (1.03 crore shares) and Omnitech (89.95 lakh shares).

Everonn Systems was the most actively traded counter on the BSE and registered a turnover of Rs380 crore followed by Omnitech (Rs150 crore), Orbit Corporation (Rs138 crore), IDBI (Rs97 crore) and SBI (Rs96 crore).

European Indices at 16:15 IST on 14-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6227.50

8.50

0.14

CAC 40 Index

5535.39

-33.89

-0.61

DAX Index

7459.82

-14.51

-0.19

Asian Indices at close on 14-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16844.61

44.56

0.27

Hang Seng

22007.32

116.22

0.53

Kospi Index

1817.89

-31.37

-1.70

Straits Times

3386.59

5.98

0.18

Jakarta Composite Index

2168.64

-42.82

-1.94

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