Sensex

Friday, January 04, 2008

DG - FW: Sharekhan Post-Market Report dated January 04, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 January 2008 19:20
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 04, 2008

 

 

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January 04, 2008

 

Index Performance

Index

Sensex

Nifty

Open

20,367.94

6,179.10

High

20,762.80

6,300.05

Low

20,367.94

6,179.10

Today's Cls

20,686.89

6,274.30

Prev Cls

20,345.20

6,178.55

Change

341.69

95.75

% Change

1.68

1.55

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Punjab Tractors

351.50

29.49

Hinduja Venturs

844.10

13.51

Parsvnath Developers

529.10

9.15

EIH

235.00

8.70

Bombay Dyeing

980.05

6.24

Losers

FDC

47.30

-4.54

D-Link India

121.00

-4.12

Apollo Tyres

57.10

-4.11

Ramco Systems

229.85

-3.85

IVR Prime

434.75

-3.66

Market Statistics

-

BSE

NSE

Advances

1,485

513

Declines

1,415

681

Unchanged

22

13

Volume(Nos)

76.00cr

97.51cr

 Market Commentary 

Sensex scales new peak

Sensex crossed 20,700 mark and touched life-time high on gains in oil, capital goods, and banking stocks.

The Sensex rose to an all-time high led by gains in oil, capital goods, and banking stocks.  

 

The market resumed on a strong note despite mixed global cues, but investor’s strong appetite for heavyweights, power, banking, oil, and capital goods stocks saw the Sensex rally further. Strong participation from Reliance group companies also cheered investor sentiment. The Sensex breached the 20,700 level in the afternoon trades and held on its gains. Relentless buying thereafter in front-line stocks helped the index to touch the record high of 20,763 towards the close. However, the Sensex shed some gains at close to end the session at 20,687, up 342 points. The Nifty, too, touched its all-time high of 6,300 to close at 6,274, up 96 points.

Market breadth was neutral. Of the 2,922 stocks traded on the Bombay Stock Exchange (BSE) 1,485 stocks advanced, 1,415 stocks declined and 22 stocks ended unchanged. Except the BSE HC index, BSE IT index and the BSE Auto index, all sectoral indices ended in a positive territory. The BSE CG ended firm with gains of 2.56% at 20,029 while the BSE Oil & Gas index rose 2.31% at 13,917 and the BSE Bankex index added 2.01% at 11,905. 

Action in several index heavyweights lifted the market. ICICI Bank led the pack and shot up by 4.67% at Rs1,285. L&T soared 4.50% at Rs4,244, HLL surged 3.77% at Rs231, Reliance Communication flared up by 3.63% at Rs760, Hindalco jumped by 3.41% at Rs220, ONGC added 2.90% at Rs1,344, Reliance Industries advanced by 2.86% at Rs2,986 and ITC moved up by 2.35% at Rs220. However, few index stocks came under sharp selling pressure. NTPC at Rs272, M&M at Rs823, Cipla at Rs213, Ambuja Cement at Rs144, TCS at Rs1,005, Tata Motors at Rs784, Maruti Suzuki at Rs964 and Infosys at Rs1,695 dropped over 1% each, while Satyam Computer and ACC dropped marginally.

Over 1.75 crore Centurion Bank of Punjab shares changed hands on the BSE followed by Burnpur Cement (30.06 crore shares), Hindustan Motors (26.57 crore shares), Tata Teleservices (19.53 crore shares) and RNRL (19.15 crore shares).

Valuewise, Reliance Petroleum registered a turnover of Rs431 crore on the BSE followed by RNRL (Rs398 crore), Reliance Industries (Rs272 crore), Centurion Bank of Punjab (Rs262 crore) and Reliance Energy (Rs248 crore).

European Indices at 16:30 IST on 04-01-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

6526.30

46.80

0.72

CAC 40 Index

5552.39

6.31

0.11

Dax Index

7898.01

-10.24

-0.13

Asian Indices at close on 04-01-2008

Index

Level

Change (pts)

Change (%)

Nikkei

14691.41

-616.37

-4.03

Hang Seng

27519.69

632.41

2.35

Kospi Composite

1863.90

11.17

0.60

Straits Times

3437.79

40.73

1.20

Jakarta Composite

2765.19

50.13

1.85

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