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Tuesday, November 20, 2007

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated November 20, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 November 2007 15:03
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 20, 2007

 

 

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November 20, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,510.94

5,911.25

High

19,714.22

5,923.70

Low

19,196.42

5,755.80

Today's Cls

19,280.80

5,780.90

Prev Cls

19,633.36

5,907.65

Change

-352.56

-126.75

% Change

-1.80

-2.15

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Jindal Stainless

205.40

16.08

Century Enka

179.00

5.51

Fertilisers Chemicals

47.70

4.95

D-Link India

91.35

4.94

Nirma India

221.60

4.78

Losers

Chennai Petroleum

416.20

-8.61

Alok Inds

73.45

-8.59

Allahabad Bank

113.65

-8.27

Nalco

372.45

-8.09

SCI

256.85

-7.96

Market Statistics

-

BSE

NSE

Advances

1,548

511

Declines

1,278

628

Unchanged

40

14

Volume(Nos)

70.04cr

103.98cr

 Market Commentary 

Market nosedives on late selling

Led by heavy selling in heavyweights, power, and realty stocks, the Sensex witnessed another fall and shed 352 points for the day.

The market witnessed heavy profit bookings towards the close triggering a major sell-off in heavyweights, power, and realty stocks. Asian markets fell sharply in early 

 

trades following the major selling on the Wall Street last night on concerns of more mortgage losses. The market however recovered in the afternoon as Asian indices rose, reversing the earlier declines, on the speculation that the US Federal Reserve will provide signs that the US economy is growing faster than estimates. All-round selling in the last hour of the trading sessions shaved off nearly 518 points from the day's high. However, a strong up move in the international markets helped the Sensex to pare some losses and end the session at 19,281, down 353 points. The Nifty shed 127 points to close at 5,781.

Movers & Shakers

  • L&T closed in the red despite signing a MoU for medium multi-role combat aircraft program for India's military.
  • Gitanjali Gems slipped despite entering into an agreement with ARMO Netherlands Finance B.V.


The breadth of the market was positive. Of the 2,866 stocks traded on the Bombay Stock Exchange (BSE), 1,548 stocks advanced, 1,278 stocks declined and 40 stocks ended unchanged. All the sectoral indices ended in the red. The BSE Power index tumbled 3.01% at 4,513 followed by the BSE PSU index (Down 2.95% at 10,231), the BSE Realty index (down 2.80% at 10,447) and the BSE Oil & Gas index (down 2.65% at 12,137).

Barring a few select counters, most of the heavyweights suffered heavy losses. Among the blue chips Hindalco tumbled 5.50% at Rs194, BHEL shed 4.65% at Rs2,654, DLF dropped 4.21% at Rs908, Maruti Suzuki lost 4.11% at Rs1,010, Grasim dipped 3.48% at Rs3,735, Infosys slumped up 3.41% at Rs1,564 and ONGC slipped 3.16% at Rs1,222. However, Tata Motors, Ambuja Cement, HLL, Bajaj Auto and ACC closed with marginal profits.

Over 4.23 crore Tata Teleservices shares changed hands on the BSE followed by Hindustan Futuristic Communications (2.85 crore shares), IFCI (2.34 crore shares), Ispat Industries (2.34 crore shares) and JP Hydro Power (1.64 crore shares).

Reliance Petroleum clocked a turnover of Rs307 crore on the BSE followed by Reliance Industries (Rs251 crore), IDFC (Rs240 crore), IFCI (Rs239 crore) and Tata Teleservices (Rs222 crore). 

European Indices at 16:15 IST on 20-11-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6160.80

40.00

0.65

CAC 40 Index

5459.77

27.20

0.50

DAX Index

7568.31

56.34

0.75

Asian Indices at close on 20-11-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

15211.52

168.96

1.12

Hang Seng

27771.21

311.04

1.13

Kospi Index

1872.24

-21.23

-1.12

Straits Times

3438.27

26.55

0.78

Jakarta Composite Index

2624.86

-21.95

-0.83

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