Sensex

Tuesday, February 05, 2008

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 February 2008 19:22
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 04, 2008

 

 

 

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February 04, 2008

 

Index Performance

Index

Sensex

Nifty

Open

18,496.03

5,315.55

High

18,895.34

5,545.20

Low

18,439.33

5,315.55

Today's Cls

18,660.32

5,463.50

Prev Cls

18,242.58

5,317.25

Change

417.74

146.25

% Change

2.29

2.75

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Rolta India

312.30

23.68

Puravankara Projects

361.15

13.89

EIH

181.60

12.90

BPCL

432.55

12.44

Reliance Comm

685.00

11.96

Losers

J&K Bank

753.45

-1.87

Punj Lloyd

395.45

-1.40

HDFC Bank

1,548.25

-1.21

GIPCL

104.55

-1.04

Apollo Hospitals

489.35

-0.99

Market Statistics

-

BSE

NSE

Advances

2,274

1,011

Declines

533

179

Unchanged

37

12

Volume(Nos)

31.66cr

50.09cr

 Market Commentary 

Strong global cues trigger rally

Backed by positive global reports, the Sensex closed firm at 18,660 on all-round buying support.

All-round buying continued for the second straight session, with the Sensex gaining nearly 400 points during the intra-day trades on strong global cues.

 

Riding on the back of firm Asian indices, the Sensex resumed 250 points higher at 18,496 and soon edged past 18,895 in the early trades. While the market remained buoyant above 18,400 levels for the most part, buying accelerated towards the close with gains in heavyweights, realty, technology, information technology (IT), and public sector unit (PSU) stocks lifting the index to an intra-day high of 18,895. The Sensex closed the session with gains of 418 points at 18,660, while the Nifty advanced 146 points at 5,463.

Movers & Shakers

  • Satyam edged higher on report that Byrraju Foundation & Satyam has made telemedicine available to millions.
  • Prithvi Information Solutions rallied sharply on getting orders worth Rs300 crore from BSNL.
  • Cadila Healthcare jumped on reports that the Company has signed a research agreement for a novel drug to treat inflammatory diseases.
  • Ram Informatics was up a notch after it received order from eSuvidha, the government of Uttar Pradesh.


The breadth of the market was positive. Of the 2,844 stocks traded on the BSE, 2,274 stocks advanced, 533 stocks declined and 37 stocks ended unchanged. All the sectoral indices had a decent outing. The BSE Reality index led the pack and soared 6.53% at 10,513 followed by the BSE Teck (up 4.48% at 3,573), the BSE IT index (up 4.15% at 4,097), the BSE PSU index (up 3.36% at 8,658) and the BSE Metal index (up 3.32% at 16,538).

Among the heavyweights, Reliance Communications vaulted 11.96% at Rs685, DLF rose 8.54% at Rs883, Wipro scaled up 6.16% at Rs464, TCS jumped 5.03% at Rs976, NTPC moved up by 4.36% at Rs214.45, SBI advanced 3.93% at Rs2,271, Satyam flared up 3.85% at Rs437.25 and Ranbaxy spurted 3.75% at Rs373. However, HDFC Bank, Maruti, BHEL and Reliance Energy inched marginally lower.

Realty stocks notched up significant gains. Puravankara flared up 13.89% at Rs361.15, Sobha Developers spurted 8.46% at Rs810, Indiabulls Reality scaled up 7.61% at Rs678.60 and HDFC added 6.46% at Rs978. In the tech segment, Rolta surged 23.68% at Rs312.30, Reliance Communications jumped 11.96% at Rs685, Mphasis appreciated by 11.33% at Rs274.70 and Tata Teleservices advanced 9.67% at Rs38.55. TV18, Tech Mahindra, Wipro, Adlabs, I-Flex and TCS moved up by over 4-6% each.

Over 1.87 crore Ispat shares changed hands on the BSE followed by RNRL (1.49 crore shares), Tata Teleservices (97 lakh shares), RPL (92 lakh shares) and IFCI (85 lakh shares).

European Indices at 16:25 IST on 04-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6036.00

6.80

0.11

CAC 40 Index

4991.43

13.37

0.27

DAX Index

7025.86

57.19

0.82

Asian Indices at close on 04-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13859.70

362.54

2.69

Hang Seng Index

25032.08

908.50

3.77

Kospi Index

1690.13

55.60

3.40

Jakarta Composite Index

2701.63

54.81

2.07

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