Sensex

Friday, February 15, 2008

DG - FW: Sharekhan Post-Market Report dated February 15, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 15 February 2008 18:53
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 15, 2008

 

 

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February 15, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,541.17

5,202.85

High

18,142.92

5,315.40

Low

17,445.05

5,104.75

Today's Cls

18,115.25

5,302.90

Prev Cls

17,766.63

5,202.00

Change

348.62

100.90

% Change

1.96

1.94

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Hindalco Industries

178.50

9.01

Pidilite Industries

172.15

7.59

D-Link India

86.70

7.37

IDBI

120.25

7.08

Titan Industries

1,162.80

6.13

Losers

Nicholas Piramal

288.25

-12.60

Procter & Gamble

712.80

-2.53

Maruti Suzuki

812.75

-2.13

Crompton Greaves

301.65

-2.00

Apollo Tyres

45.95

-1.92

Market Statistics

-

BSE

NSE

Advances

1,983

926

Declines

763

238

Unchanged

47

12

Volume(Nos)

36.22cr

60.37cr

 Market Commentary 

Metal and realty stocks help market to recover

Buoyancy among metal, realty and oil stocks lifts the Sensex to gain 349 points for the day.

After a weak opening, the Sensex staged a recovery today on the back of heavy buying in metal, realty, oil and banking stocks.  

 

The bulls were back in action by afternoon as the market registered sharp gains on the back of all-round buying support. Taking a cue from subdued Asian indices, the Sensex resumed 226 points below its previous close at 17,541. However, eruption of buying interest by afternoon saw the Sensex touch the day's high of 18,143, up 698 points from its day's low. The Sensex held firm in the later part of the trading session and finally closed at 18,115, up 349 points. The Nifty advanced 101 points to close at 5,303.

Movers & Shakers

  • Simplex Infrastructures surged on receiving a new order of Rs406 crore for Mumbai Metro.
  • Igarashi Motors India rallied sharply on signing a joint venture agreement with Robert Bosch GmbH, Germany.
  • Bhushan Steel closed in the red despite signing an agreement with Madhya Pradesh Government to set up a coke oven plant and a 5-MTPA cement plant.
  • Wipro moved up after Wipro Infotech (India, Middle East and Asia Pacific IT business of the company) got selected by Pantaloon Retail to deliver comprehensive IT solutions.
  • Cadila Healthcare slipped despite firming up its presence in oncology segment with introduction of Nudoxa a NDDS product for the treatment of various cancers.


The breadth of the market was positive. Of the 2,793 stocks traded on the Bombay Stock Exchange (BSE), 1,983 stocks advanced, 763 stocks declined and 47 ended unchanged. Among the sectoral indices, the BSE Realty index, the BSE Metal index and the BSE Oil index rose over 3% each, while other indices closed with gains of 1-2% each.

Among the movers of the index, Hindalco soared 9.01% at Rs179, Tata Steel rose 5.12% at Rs819, Bajaj Auto scaled up 4.78% at Rs2,175, SBI added 4.21% at Rs2,298, Ranbaxy moved up by 4.20% at Rs396, HLL was up 3.86% at Rs211, M&M surged 3.21% at Rs619 and Reliance Industries gained 3.02% at Rs2,591. ICICI Bank, Tata Motors, HDFC, Cipla, ITC, DLF, HDFC Bank, NTPC, BHEL, Infosys, Wipro and L&T gained over 1-3% each. Maruti Suzuki, however, faced profit booking and lost 2.13% at Rs813, while Grasim declined 1.13% at Rs2,814. TCS, Ambuja Cement and Satyam Computer ended with marginal losses.

Over 2.95 crore RNRL shares changed hands on the BSE followed by Ispat Industries (1.76 crore shares), Reliance Petroleum (1.53 crore shares), IFCI (1.36 crore shares) and Reliance Power (1.17 crore shares).

Valuewise, Reliance Power registered a turnover of Rs444 crore followed by RNRL (Rs395 crore), Reliance Energy (Rs260 crore), Reliance Petroleum (Rs253 crore) and Reliance Capital (Rs241 crore).

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

Index

Level

Change (pts)

Change (%)

FTSE 100

5879.10

-0.20

0.00

CAC 40 Index

4846.53

-12.12

-0.25

Dax Index

6973.91

11.63

0.17

Asian Indices at close on 15-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13622.56

-3.89

-0.03

Hang Seng

24148.43

126.75

0.53

Kospi Index

1694.77

-2.68

-0.16

Straits Times

3088.68

43.09

1.41

Jakarta Composite

2688.19

12.55

0.47

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