Sensex

Monday, April 28, 2008

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 April 2008 17:27
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 28, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

April 28, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,251.56

5,112.50

High

17,271.56

5,147.45

Low

16,978.89

5,079.15

Today's Cls

17,015.96

5,089.65

Prev Cls

17,125.98

5111.70

Change

-110.02

-22.05

% Change

-0.64

-0.43

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

LIC Housing Finance

357.40

11.60

BEL

1,296.95

7.39

Deccan Aviation

144.65

6.48

Titan Ind

1,190.80

6.38

Pantaloon 

507.00

5.98

Losers

Siemens

580.65

-9.87

Spice Tele

41.90

-4.45

Cipla

215.15

-4.08

IDFC

166.90

-3.83

Suzlon

278.45

-3.75

Market Statistics

-

BSE

NSE

Advances

1,295

572

Declines

1,374

609

Unchanged

71

27

Volume(Nos)

31.43cr

55.41cr

 Market Commentary 

Sensex sheds 110 points

Sustained selling pressure in heavyweights, CG (consumer goods) and oil & gas stocks saw the Sensex drop 114 points to close at 17,016

The Sensex opened in positive territory on firm Asian markets and buying interest in cement, sugar and banking stocks. However the Sensex came off its high on 

 

substantial selling in heavyweights, CG and oil & gas stocks and slipped into red. After wiping out the early gains of 146 points, the market remained weak throughout the session. The Sensex slipped further in the afternoon on reports of a rise in the inflation rate and touched a low of 16,979, down 293 points from the day's high. There was buying at lower levels and the Sensex managed to pare some losses towards the close and end the session at 17,016, down 110 points. The Nifty shed 22 points and closed at 5,090.

Movers & Shakers

  • Compact Disc India slipped despite raising $30 million for the movie 'Playing with the enemy'.
  • Lupin inched lower despite the report that the company has launched SUPRAX ®400 mg tablets in the US.
  • Mahindra & Mahindra, which has launched new after-market business vertical, ended with marginal losses. 
  • Tata Consultancy Services declined in spite of signing an eight-year end-to-end IT application services contract worth ~£60 million with Scottish Water.


Among the draggers of the index, Cipla shed 4.08% at Rs215.15, Tata Steel slumped 3.19% at Rs777.70, ICICI Bank declined 2.31% at Rs894.95, ACC lost 2.04% at Rs766.80, Maruti dipped 2.02% at Rs722.35, Wipro dropped 1.82% at Rs457.70, Hindalco slipped by 1.48% at Rs186.20, Infosys faltered 1.27% at Rs1,664.95 and Ambuja was down 1.26% at Rs113.35. However, Reliance Energy rose 4.95% at Rs1,426.10, Jaiprakash Associates raised 2.22% at Rs251.15, Reliance Communications moved up 1.34% at Rs584.80 and HDFC Bank was nearly up a per cent at Rs1,517.95.

All the 13 sectoral indices bar the four ended in red. The BSE CG index was the major loser and dropped 1.20% at 13,755 followed by the BSE Oil & Gas (down 1.08% at 11,430), the BSE IT index (down 0.90% at 4,063) and the BSE Metal index (down 0.71% at 15,624). The breadth of the market ended weak. Of the 2,469 stocks traded on the BSE, 1,374 stocks declined, 1,295 stocks advanced and 71 stocks ended unchanged.

CG stocks declined sharply. Siemens tumbled 9.87% at Rs580.65, Kisloskar Brothers dropped 5.53% at Rs287.20, Suzlon Energy lost 3.75% at Rs278.45, Elecon slipped by 2.77% at Rs170.35 and Kirloskar OIL shed 2.66% at Rs108. ABB, Crompton Greaves, L&T and Lakshmi Machine were down around 1% each.

Over 2.44 crore RNRL shares changed hands on the BSE followed by Nagarjuna Fertilisers & Chemicals (1.59 crore shares), IFCI (1.14 crore shares), Ispat Industries (1.07 crore shares) and IB Securities (1.07 crore shares).

European Indices at 16:15 IST on 28-04-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6130.30

38.90

0.64

CAC 40 Index

5024.32

46.11

0.93

DAX Index

6966.47

69.89

1.01

 

Asian Indices at close on 28-04-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13894.37

30.90

0.22

Hang Seng Index

25666.29

149.51

0.59

Kospi Index

1823.17

-1.51

-0.08

Straits Times Index

3344.53

-

-

Jakarta Composite Index

2254.31

13.73

0.61

 

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.

Need traffic?

Drive customers

With search ads

on Yahoo!

Home Improvement

on Yahoo! Groups

Find tips & tricks

for doing it yourself.

.

__,_._,___

No comments: