Sensex

Thursday, February 28, 2008

DG - FW: Sharekhan Post-Market Report dated February 28, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 February 2008 19:26
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 28, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

February 28, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,810.52

5,266.35

High

17,921.51

5,302.85

Low

17,690.16

5,227.15

Today's Cls

17,824.48

5,285.10

Prev Cls

17,825.99

5,268.40

Change

-1.51

16.70

% Change

-0.01

0.32

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Nalco

477.95

7.01

Tata Comm

518.30

6.56

Spice Tele

36.60

5.78

Sun Pharma

1259.20

5.58

Dr Reddy's Lab

569.35

5.13

Losers

Hinduja Venture

535.00

-5.02

Power Finance

180.40

-5.00

Union Bank

179.50

-4.85

Asian Paints

1,142.60

-4.29

GE Shipping

420.60

-4.23

Market Statistics

-

BSE

NSE

Advances

1,276

512

Declines

1,444

644

Unchanged

64

32

Volume(Nos)

27.87cr

52.86cr

 Market Commentary 

Sensex ends flat

The Sensex shrugged off its early volatility and ended on a buoyant note amid gains in metal and auto stocks.

A late bout of hectic buying action in metal, health care and other heavyweight counters triggered a major rally in the Sensex, which otherwise lingered in 

 

negative territory for better part of the trading session. On the back of a weak Asian indices, the Sensex witnessed extreme volatility in early trades. After resuming weak at 17,810, the index advanced sharply and touched the intra-day high of 17,921, thereafter Sensex began to dip sharply on heavy profit taking to touch the day's low of 17,690. While the market remained subdued thereafter, the Sensex on fresh buying support rebounded sharply at close. The Sensex finally ended the session with marginal loss of a single point at 17,825, while the Nifty advanced 17 points to close at 5,285.

Movers & Shakers

  • Subhash Projects slipped despite receiving Rs272.68 crore order from Bangalore Electricity Supply Company
  • Parsvnath Developers moved down though the company commenced construction of group housing project at Sonepat
  • NIIT Technologies inched lower despite signing share purchase agreement for acquisition of 100% share capital of Softec GmbH, Germany


Sectoral indices were mixed on the Bombay Stock Exchange (BSE). The BSE Metal index led the pack with a surge of 1.98% followed by BSE HC index , which gained 1.72%, and BSE Auto index which moved up 1.18%. BSE CG, Power and PSU indices gained marginally and closed in positive territory. Among the losers the BSE Reality index dropped 1.47%.

Leading the upsurge Hindalco flared up 4.03% at Rs203.85. Among other major gainers Bajaj Auto shot up by 3.61% at Rs2,255, HDFC rose 3.39% at Rs2,775, M&M jumped by 3.26% at Rs680 and BHEL added 2.68% at Rs2,323. Cipla, Satyam, Ranbaxy, Tata Steel and Wipro gained 1-2% each. Select frontline counters, however, witnessed profit taking. DLF dropped 2.37% at Rs805, while SBI declined 2.11% at Rs2,038. RIL, REL, Ambuja Cement and Infosys ended with steady losses. 

Among other major gainers NALCO soared 7.01% at Rs477.95, Tata Communications flared up 6.56% at Rs518, Spice Tele rose 5.78% at Rs36.60 and Sun Pharma added 5.58% at Rs1,259.

Over 3.15 crore Manjuhsree shares changed hands on the BSE followed by Tulsi Extrusion (1.27 crore shares), RNRL (1.09 crore shares), Nagarjuna Fertilisers (1.07 crore shares) and Ispat Industries (0.80 crore shares). 

European Indices at 16:15 IST on 28-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6005.80

-70.70

-1.16

CAC 40 Index

4907.40

-61.42

-1.24

DAX Index

6924.48

-73.37

-1.05

 

Asian Indices at close on 28-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13925.51

-105.79

-0.75

Hang Seng Index

24591.69

107.85

0.44

Kospi Index

1736.16

15.28

0.89

Straits Times Index

3074.15

-20.30

-0.66

Jakarta Composite Index

2756.31

16.18

0.59

 

To know more about our products and services, click here.

“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

To unsubscribe write to myaccount@sharekhan.com

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Search Ads

Get new customers.

List your web site

in Yahoo! Search.

Home Improvement

on Yahoo! Groups

Find tips & tricks

for doing it yourself.

.

__,_._,___

No comments: