Sensex

Tuesday, August 28, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated August 28, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 August 2007 15:28
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 28, 2007

 

 

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August 28, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,857.65

4,302.40

High

14,952.04

4,329.15

Low

14,751.68

4,280.60

Today's Cls

14,919.19

4,320.70

Prev Cls

14,842.38

4,302.60

Change

76.81

18.10

% Change

0.52

0.42

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infratech

284.00

8.48

Exide Industries

60.15

6.65

GMR Infra

797.25

6.46

Hexaware

121.75

5.41

i-flex Solutions

2,014.45

5.13

Losers

Spice Tele

51.30

-3.30

Indian Bank

145.80

-2.80

Parsvnath Developers

287.00

-2.58

ICICI Bank

862.30

-2.43

Suzlon Energy

1,239.85

-2.41

Market Statistics

-

BSE

NSE

Advances

1,566

666

Declines

1,061

441

Unchanged

73

37

Volume(Nos)

27.26cr

40.28cr

 Market Commentary 

Market gains on last minute buying

After witnessing intra-day volatile moves, the markets finally ended at higher levels.

While majority of the Asian markets closed in the red today, the domestic indices shrugged off the intra-day volatile moves and registered decent gains at close.  

 

The Sensex moved marginally up, above its previous close to open at 14858. But, slipped on sustained selling in frontline stocks and touched the day's low of 14752 in the early trades. However, the market bucked the trend and recovered on buying in heavyweights, metal and information technology stocks. The market remained subdued thereafter and zigzagged between positive and negative territory in the afternoon. In the last hour of the trading session the Sensex saw hectic activity and moved northwards on selective buying in frontline stocks and finally closed the session in the green by gaining 77 points at 14919. The Nifty, too, witnessed the choppy trades and wrapped up the session with the gains of 18 points at 4321.

The breadth of the market was positive. Of the 2,700 stocks traded on the BSE 1,566 stocks advanced, 1,061 stocks advanced and 73 stocks remained unchanged. Among the sectoral indices, the BSE IT index gained 1.91% at 4559 while the BSE Oil & Gas index, the BSE Metal index, the BSE Teck index also ended with the gains. The BSE Bankex index and the BSE Auto index closed in the red.

Select heavyweights edged higher on decent buying support. Hindalco rose 3.30% at Rs153, HDFC Bank jumped 2.73% at Rs1,152, Reliance Industries advanced 2.58% at Rs1880, Satyam computer added 2.48% at Rs450, Infosys gained 1.83% at Rs1882 and ITC gained 1.33% at Rs167. However, select front-line stocks came under selling pressure. ICICI Bank was the major loser and dropped 2.43% at Rs862. Other draggers Tata Motors declined 1.96% at Rs663, Ranbaxy dropped 1.09% at Rs367 and ONGC shed 1.09% at Rs809. 

Over 3.44 crore Tata Teleservices shares changed hands on the BSE followed by Mascon Global (84.38 lakh shares), IFCI (77.74 lakh shares), Hindustan Motors (59.60 lakh shares) and Nagarjuna Fertilisers (55.45 lakh shares).

European Indices at 16:45 IST on 28-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6170.60

-49.50

-0.80

CAC 40 Index

5533.48

-57.06

-1.02

DAX Index

7464.51

-21.48

-0.29

Asian Indices at close on 28-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16287.49

-13.90

-0.09

Hang Seng

23363.76

-213.97

-0.91

Kospi Index

1829.31

26.28

1.46

Straits Times

3343.00

-45.44

-1.34

Jakarta Composite Index

2159.61

-15.74

-0.72

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