| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,478.53 | 4,481.55 | | High | 15,521.48 | 4,501.30 | | Low | 15,389.62 | 4,460.40 | | Today's Cls | 15,465.40 | 4,479.25 | | Prev Cls | 15,422.05 | 4,474.75 | | Change | 43.35 | 4.50 | | % Change | 0.28 | 0.10 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Micro Inks | 409.90 | 8.11 | | Mastek | 281.35 | 7.18 | | India Cements | 268.20 | 7.15 | | Concor | 2,220.00 | 6.10 | | Reliance Energy | 823.45 | 5.98 | | Losers | | Adani Enterprises | 361.70 | -5.21 | | Ispat Industries | 19.40 | -3.00 | | Alok Industries | 69.05 | -2.47 | | HMT | 65.05 | -2.33 | | NTPC | 181.35 | -2.16 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,744 | 677 | | Declines | 991 | 453 | | Unchanged | 55 | 28 | | Volume(Nos) | 41.29cr | 60.19cr | | | | | | Market Commentary | | | Sensex continues its winning streak | | The Sensex climbed for an eighth day, its longest winning streak in 16 months, and gained 43 points for the day. | | The Sensex, which has been maintaining a firm tone for the last seven days, posted its longest winning streak of eight days in last 16 months, today. | | | | The index added another 43 points and closed at 15,465 on sustained buying in heavyweights, cement and pharma stocks. The market opened firm at 15,479 despite mixed Asian cues and continued its rally to touch the intra-day high of 15,521. The index also received major support from Reliance Energy, Cipla and Grasim which gained around 3-6% today. However, profit bookings at higher levels and selling in few pivotal stocks dragged the Sensex into the negative territory to touch the day's low of 15,390. The market remained choppy in the afternoon, but recovered on late round buying and ended firm. The broad based Nifty closed at 4,479, up five points. | | | Movers & Shakers | - Dollex Industries slipped despite acquiring Kalamber SSK, a co-operative Sugar facility, from the Government of Maharashtra for Rs14 crore.
- Paramount Communications surged on acquiring AEI Cables in an all cash deal.
- L&T gained on bagging Rs267 crore hi-tech equipment orders.
| | | |
The breadth of the market was positive. Of the 2,790 stocks traded on the BSE 1,744 stocks advanced, 991 stocks declined and 55 stocks ended unchanged. Among the sectoral indices, the BSE Realty ended firm with gains of 1.87% at 7,462 and the BSE HC index rose 1.35% at 3,680. However, the BSE Auto index, the BSE CD index, the BSE FMCG index, the BSE Metal index, the BSE PSU index and the BSE Teck index ended weak.
Action in several index heavyweights lifted the market. Reliance Energy led the pack and shot up by 5.98% at Rs823. Cipla soared 4.45% at Rs180, Grasim surged 2.98% at Rs3,023, HDFC flared up by 2.96% at Rs2,060, Ranbaxy jumped by 2.66% at Rs407, ACC added 2.47% at Rs1,098, Maruti Udyog advanced by 1.49% at Rs894, Ambuja Cement moved up by 1.45% at Rs136 and Infosys was up 1.44% at Rs1,889. However, NTPC at Rs181, Hindalco at Rs157, Wipro at Rs466, Tata Motors at Rs691 and Bhel at Rs1,911 dropped around 1-2% each.
Over 2.09 crore Nagarjuna Fertilisers shares changed hands on the BSE followed by IFCI (1.98 crore shares), IKF Technologies (1.70 crore shares), JCT (1.34 crore shares) and Reliance Natural Resources (1.32 crore shares).
Value-wise, Take Solutions registered a turnover of Rs422 crore on the BSE followed by Reliance Energy (Rs190 crore), IFCI (Rs140 crore), Reliance Industries (Rs107 crore) and Everonn Systems (Rs97 crore).
| | | | | | | | European Indices at 16:20 IST on 04-09-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6307.70 | -7.50 | -0.12 | | CAC 40 Index | 5637.08 | -14.19 | -0.25 | | DAX Index | 7659.01 | 10.43 | 0.14 | | | | | | | | | | | Asian Indices at close on 04-09-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16420.47 | -104.46 | -0.63 | | Hang Seng | 23886.07 | -18.02 | -0.08 | | Kospi Index | 1874.74 | -7.07 | -0.38 | | Straits Times | 3376.06 | -10.16 | -0.30 | | Jakarta Composite Index | 2215.12 | 1.54 | 0.07 | | | | | | | | 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 | |
