| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,519.23 | 5,499.05 | | High | 18,900.10 | 5,605.95 | | Low | 18,459.51 | 5,469.30 | | Today's Cls | 18,770.89 | 5,568.95 | | Prev Cls | 18,512.91 | 5,496.15 | | Change | 257.98 | 72.80 | | % Change | 1.39 | 1.32 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Tata Steel | 988.90 | 8.03 | | Finolex Cables | 74.20 | 7.93 | | Asian Paints | 1,080.25 | 7.42 | | Rolta India | 696.70 | 7.13 | | Engineers India | 605.30 | 6.18 | | Losers | | Cipla | 186.75 | -5.01 | | Dena Bank | 56.45 | -4.48 | | Sterling Biotech | 160.90 | -4.23 | | Oriental Bank | 231.50 | -4.06 | | JSW Steel | 976.60 | -3.92 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,586 | 633 | | Declines | 1,144 | 484 | | Unchanged | 70 | 27 | | Volume(Nos) | 39.28cr | 75.40cr | | | | | | Market Commentary | | | Sensex rallies on metal stocks | | Buoyancy in metal, banking, and consumer durable stocks lifted the Sensex well above 18,700 mark to close with a gain of 258 points. | | The market resumed on a quiet note in line with its global peers as investors were playing with caution ahead of the Securities and | | | | Exchange Board of India's decision on participatory notes and expiry of October series of derivative contracts. As trading progressed, the market gradually moved northwards and touched the day's high of 18,900 during late trades. The Sensex received major support from Tata steel, ICICI Bank, and Maruti Udyog. The market remained above the crucial 18,700 level for a major portion of the day, but profit-taking towards the fag end saw the Sensex pare some profits and end the session at 18,771, up 258 points. The Nifty moved up 73 points to close at 5,569. | | | Movers & Shakers | - Energy Development Company surged on receiving a Rs14 crore contract for a Hydro Electric Project.
- Suven Life Science gained marginally on joining hands with the University of Minnesota, USA to develop drugs to treat HIV infection.
| | | |
The market breadth was positive. Of the 2,800 stocks traded on the Bombay Stock Exchange (BSE), 1,586 stocks advanced, 1,144 stocks declined and 70 stocks ended unchanged. The BSE Metal index led the surge in the sectoral indices and rose 4.13% at 16,425. The BSE Bankex index, the BSE Auto index, the BSE CD index, the BSE CG index, and the BSE PSU index were the other notable gainers, while the BSE FMCG index ended weak.
Buying was led by Tata Steel, which notched up gains of 8.03% at Rs989. Among the other gainers ICICI Bank advanced 4.44% at Rs1,146, Maruti Udyog added 3.61% at Rs1,159, Bharti Airtel moved up 3.41% at Rs1,020, HLL jumped by 2.42% at Rs221, Tata Motors gained 2.41% at Rs793 and HDFC Bank was up 2.28% at Rs1,541. However, Cipla tumbled 5.01% at Rs187, Dr Reddy’s slipped 2.44% at Rs615, ACC fell 1.57% at Rs1,061 and ITC was down 1%, while HDFC, Reliance Energy, Infosys and Satyam Computer were down marginally.
A sharp rally was witnessed in metal stocks today. Jindal Steel soared 5.92% at Rs7,929, Sterlite Industries scaled up 4.96% at Rs923, Nalco surged 4.95% at Rs297 and Bhushan Steel moved up 3.12% at Rs1,048.
Over 2.33 crore IFCI shares changed hands on the BSE followed by Reliance Petroleum (1.39 crore shares), Reliance Natural Resources (1.38 crore shares), GTL Infrastructure (1.34 crore shares) and Tata Teleservices (1.05 crore shares).
Value-wise, Maytas Infra registered a turnover of Rs426 crore on the BSE followed by Reliance Energy (Rs406 crore), Reliance Industries (Rs295 crore), Reliance Capital (Rs292 crore), and Reliance Petroleum (Rs270 crore).
| | | | | | | | European Indices at 16:25 IST on 25-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6555.60 | 73.60 | 1.14 | | CAC 40 Index | 5744.57 | 69.90 | 1.23 | | DAX Index | 7919.09 | 91.20 | 1.17 | | | | | | | | | | | Asian Indices at close on 25-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16284.17 | -74.22 | -0.45 | | Hang Seng | 29854.49 | 520.96 | 1.78 | | Kospi Index | 1976.75 | 43.39 | 2.24 | | Straits Times | 3707.14 | 58.02 | 1.59 | | Jakarta Composite Index | 2596.66 | 71.68 | 2.84 | | | | | | | | 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 | |
