Sensex

Thursday, February 14, 2008

DG - FW: Sharekhan Post-Market Report dated February 14, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 February 2008 19:21
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 14, 2008

 

 

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February 14, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,265.19

4,944.65

High

17,838.08

5,220.25

Low

17,265.19

4,944.65

Today's Cls

17,766.63

5,202.00

Prev Cls

16,949.14

4,929.45

Change

817.49

272.55

% Change

4.82

5.53

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Power Finance

184.75

22.51

IndusInd Bank

104.45

16.38

HPCL

297.60

14.81

Syndicate Bank

96.95

13.92

Indian Oil Corporation

536.75

13.83

Losers

United Phosphorus

311.40

-2.69

Ipca Lab

600.00

-1.72

BEML

1,233.15

-0.58

Nirma

184.75

-0.46

Concor

1,717.30

-0.19

Market Statistics

-

BSE

NSE

Advances

2,057

1,075

Declines

697

124

Unchanged

41

10

Volume(Nos)

34.38cr

54.92cr

 Market Commentary 

Sensex rallies on buoyant overseas markets

Positive global cues and buoyancy in realty, power, oil and capital goods stocks saw the Sensex end with a gain of 817 points.

The market held firm above the 17,450 level for almost the entire trading session, as strong US and Asian markets created a perfect platform for investors.  

 

After registering a gain of 341 points yesterday, the market resumed with a huge positive gap of 316 points at 17,265. The Sensex quickly moved up on sustained buying in realty, power, oil and capital goods stocks and the index touched the day's high of 17,838 towards the close. The Sensex finally ended the session at 17,767, up 817 points. The broad-based Nifty ended the session at 5,202, up 273 points.

Movers & Shakers

  • Orchid Chemicals surged on receiving USFDA nod for Granisetron generic formulation.
  • Punj Lloyd jumped after the group received a $400 million (Rs1,119.2 crore) project from Marina Bay Sands Pte Ltd, Singapore.
  • Gail moved up on signing a MoU with ITERA Oil & Gas Company of Russia.
  • Steel Strips Wheels gained on receiving another export order for steel wheel rims from PSA Peugeot Citroen, Europe's number two automotive manufacturer.


Among the sectoral indices, the power index led the upsurge on the Bombay Stock Exchange (BSE) with gains of 8.14% at 3,729 followed by the BSE Realty index (up 7.58% at 10,144), the BSE PSU index (up 7.55% at 8,352), the BSE CG index (up 7.53% at 16,282) and the BSE Oil & Gas index (up 7.42% at 10,932). The market breadth was extremely positive. Of the 2,795 stocks traded on the BSE, 2,057 stocks advanced, 697 stocks declined and 41 stocks ended unchanged.

Out of the 30 Sensex stocks, 29 managed to end in the green. BHEL was the leading gainer and soared 12.63% at Rs2,232. Reliance Energy jumped 9.63% at Rs1,708, Reliance Communications shot up by 9.26% at Rs610, Hindalco advanced 9.20% at Rs164, ONGC moved up by 8.66% at Rs1,026, L&T added 7.03% at Rs3,507 and NTPC gained 6.84% at Rs201. However, Infosys slipped marginally at Rs1,547. 

Over 2.67 crore Reliance Natural Resources shares changed hands on the BSE followed by Jaiprakash Associates (1.86 crore shares), Reliance Petroleum ( 1.46 crore shares), Ispat Industries ( 1.13 crore shares) and Nagarjuna Fertilisers (1.05 crore shares).

Jaiprakash Associates registered a turnover of Rs501 crore on the BSE followed by RNRL (Rs339 crore), Reliance Power (Rs303 crore), Reliance Capital (Rs237 crore) and Reliance Petroleum (Rs230 crore). 

European Indices at 16:15 IST on 14-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

5892.20

12.10

0.21

CAC 40 Index

4888.66

33.26

0.69

Dax Index

6990.51

16.84

0.24

Asian Indices at close on 14-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13626.45

558.15

4.27

Hang Seng

24021.68

852.13

3.68

Kospi Index

1697.45

65.67

4.02

Straits Times

3045.59

96.05

3.26

Jakarta Composite

2675.65

64.86

2.48

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