Sensex

Saturday, December 29, 2007

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 December 2007 19:18
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 28, 2007

 

 

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December 28, 2007

 

Index Performance

Index

Sensex

Nifty

Open

20,158.12

6,079.55

High

20,259.45

6,098.60

Low

20,022.88

6,021.90

Today's Cls

20,206.95

6,079.70

Prev Cls

20,216.72

6,081.50

Change

-9.77

-1.80

% Change

-0.05

-0.03

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Ramco Systems

214.10

19.98

BASF India

313.70

16.64

Orchid Chemicals

294.70

14.54

HMT

111.00

9.96

Parsvnath Developers

457.45

7.86

Losers

Wipro

529.95

-3.52

Idea Cell

131.60

-2.91

Essel Propack

64.30

-2.80

HCL Infosys

272.50

-2.77

Bharti Airtel

940.70

-2.65

Market Statistics

-

BSE

NSE

Advances

2,270

897

Declines

651

291

Unchanged

32

10

Volume(Nos)

67.58cr

75.87cr

 Market Commentary 

Realty firm in lacklustre market

Buoyancy in realty and consumer durable stocks helped Sensex to recover and end the session with a marginal ten-point loss.

The market witnessed a sharp pull-back after witnessing a slump by afternoon.  

 

The Sensex had a weak start and lost over 59 points following reports of assassination of former Pakistan Prime Minister Benazir Bhutto. Most of the Asian markets were subdued fearing terrorists attacks in Pakistan might see withdrawal of foreign money from the region. However, the benchmark Sensex index moved up by 42 points to touch the day's high of 20,259 quickly, only to lose further ground in the absence of buying interest in frontline shares on rising geo-political concerns. The Sensex shed all its gains thereafter and touched the day's low of 20,023. But, recovered on some buying interest towards the close. After recovering around 190 points from the day's low the Sensex ended the session by shedding 10 points at 20,207. The Nifty closed the session by slipping two points at 6,080.

Although the market ended on a negative note, the breadth of the market was positive. Of the 2,953 stocks traded on the BSE, 2,270 stocks advanced, 651 stocks declined and 32 stocks ended unchanged. Among the sectoral indices, BSE CD Index surged by 4.15% and BSE Realty index added 3.90%, while other sectoral indices gained around 1% each. However, BSE Teck Index, BSE IT Index and BSE Auto index slipped marginally.

The index heavyweights witnessed some selling. Wipro slumped 3.52% at Rs530, Bharti Airtel lost 2.65% at Rs941, Bajaj Auto shed 2.30% at Rs2,611, TCS plunged 1.83% at Rs1,080, ICICI Bank crumbled by 1.20% at Rs1,227, ONGC declined 1.13% at Rs1,227, Maruti Suzuki dropped 1.05% at Rs984, while Tata Motors, HDFC and Infosys slipped marginally. Few counters, however, managed to buck the downtrend and ended in the green. DLF rose 5.31% at Rs1,064, Tata Steel moved up by 2.76% at Rs931, Ambuja Cement added 2.75% at Rs149 and Grasim gained 1.13% at Rs3,630 and Hindlaco ended higher by 1.11% at Rs213.

Over 2.18 crore Spice Jet shares changed hands on the BSE followed by IKF Technology (1.83 crore shares), Himachal Futuristic (1.70 crore shares), RNRL (1.48 crore shares) and G V Films (1.43 crore shares).

Valuewise, RNRL registered a turnover of Rs261 crore followed by Reliance Energy (Rs218 crore), Transformers & Rectifiers India (Rs193 crore), Spice Jet (Rs179 crore) and Essar Oil (Rs171 crore).

European Indices at 16:30 IST on 28-12-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6470.00

-27.80

-0.43

CAC 40 Index

5609.90

-17.58

-0.31

Dax Index

8021.54

-17.06

-0.21

Asian Indices at close on 28-12-2007

Index

Level

Change (pts)

Change (%)

Nikkie

15307.78

-256.91

-1.65

Hang Seng

27370.60

-472.33

-1.70

Kospi Composite

1897.13

-11.49

-0.60

Straits Times

3445.82

-31.38

-0.90

Jakarta Composite

2745.83

6.12

0.22

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