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Thursday, November 15, 2007

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 15, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 15 November 2007 14:45
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 15, 2007

 

 

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November 15, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,947.72

5,942.70

High

19,967.08

5,966.95

Low

19,723.20

5,895.65

Today's Cls

19,784.89

5,912.10

Prev Cls

19,929.06

5,937.90

Change

-144.17

-25.80

% Change

-0.72

-0.43

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bongaigaon Refinery

104.95

30.13

MRPL

127.95

22.09

BPCL

427.00

18.02

HPCL

299.85

14.89

Chennai Petroleum

400.95

11.81

Losers

HTMT Global

465.45

-5.32

Tata Power

1,245.55

-4.92

Jindal Steel

10,689.40

-4.79

Reliance Energy

1,854.15

-3.45

Hinduja TMT

432.30

-3.20

Market Statistics

-

BSE

NSE

Advances

1,808

732

Declines

988

430

Unchanged

53

14

Volume(Nos)

67.67cr

104.89cr

 Market Commentary 

Mid Caps rally in subdued market

While most of the frontline stocks closed in the red, the BSE Mid-Cap index closed 1.47% up in an otherwise subdued market.

Weak global cues and rise in crude oil prices kept the domestic indices lower today.  

 

The Sensex resumed with a positive gap of 19 points at 19,948 but slipped immediately in the red. The persistent selling in heavyweights, banking, and IT stocks dragged the Sensex to its day's low of 19,723 by afternoon. Refinery and fertiliser shares however posted huge gains. The market witnessed some buying interest in late trades, however, the Sensex finally closed the session by shedding 144 points at 19,785. The broad based Nifty ended the session at 5,912, down 26 points.

Surprisingly, the breadth of the market was extremely positive. Of the 2,849 stocks traded on the Bombay Stock Exchange (BSE), 1,808 stocks advanced, 988 stocks declined and 53 stocks ended unchanged. The sectoral indices had a mixed outing. The BSE IT index dropped 1.96% followed by the Bankex index (down 1.54%) and the BSE CD index (down 1.43%). However, the BSE Realty index rallied sharply and gained 2.01% followed by the BSE FMCG index (up 1.83%) and the BSE Oil & Gas index (up 1.46%).

Among the major losers, Reliance Energy shed 3.45% at Rs1,854, Wipro declined 3.13% at Rs456, Infosys fell 3.12% at Rs1,653, HDFC Bank slipped 3.04% at Rs1,696, NTPC dipped 2.85% at Rs269, ICICI Bank lost 2.29% at Rs1,249 and BHEL slumped 1.76% at Rs2,823. Bharti Airtel, however, gained 4.71% at Rs900, followed by ITC up 3.52% at Rs190 while, M&M, ONGC, Tata Steel, Ambuja Cement, L&T ended the day in the positive territory.

Over 3.78 crore Ispat Industries shares changed hands on the BSE followed by IFCI (2.12 crore shares), Reliance Petroleum (1.96 crore shares), Manglore Refinery (1.84 crore shares) and Essar Oil (1.72 crore shares).

Valuewise, Reliance Petroleum registered a turnover of Rs422 crore on the BSE followed by Reliance Energy (Rs374 crore), HDFC (Rs304 crore), GMR Infrastructure (Rs265 crore) and Essar Oil (Rs258 crore).

European Indices at 16:00 IST on 15-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6383.30

-48.80

-0.76

CAC 40 Index

5547.57

-66.03

-1.18

DAX Index

7735.00

-48.11

-0.62

Asian Indices at close on 15-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

15396.30

-103.26

-0.67

Hang Seng

28751.21

-414.80

-1.42

Kospi Index

1947.74

-24.84

-1.26

Straits Times

3477.59

-47.32

-1.34

Jakarta Composite Index

2705.82

13.95

0.52

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