| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,691.30 | 4,958.45 | | High | 17,014.94 | 5,026.10 | | Low | 16,626.35 | 4,932.05 | | Today's Cls | 16,978.35 | 5,011.75 | | Prev Cls | 16,752.86 | 4,957.80 | | Change | 225.49 | 53.95 | | % Change | 1.35 | 1.09 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Hindustan Zinc | 733.85 | 17.14 | | Lanco Infra | 513.80 | 10.88 | | Titan Industries | 1,295.65 | 8.40 | | Dr Reddy's | 676.45 | 8.34 | | TCS | 969.95 | 7.09 | | Losers | | ONGC | 938.80 | -5.85 | | Indian Oil Corporation | 397.15 | -5.08 | | Shriram Transport | 299.00 | -5.00 | | ABG Shipyard | 590.05 | -4.10 | | Gammon India | 395.00 | -3.74 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,425 | 662 | | Declines | 1,239 | 513 | | Unchanged | 86 | 48 | | Volume(Nos) | 38.08cr | 50.49cr | | | | | | Market Commentary | | | Market rallies past 17,000 after initial hit | | Led by strong buying in metal, IT and consumer durables (CD), the Sensex rebounded from a slump of 127 points and surged past 16,950 at close. | | The Sensex commenced 62 points lower at 16,691 and plummeted below 16,650 mark on relentless selling to touch the day's low of 16,626. However, resumption of | | | | buying in late morning trades saw the index drift into positive territory and gain strength thereafter. The market witnessed a sharp pull back after short covering by investors triggered a major rally in heavyweight, metal, IT and CD stocks. Recovery in other major Asian indices like Hang Seng and Straits Times followed by Nikkei, Kospi and Jakarta coming off their early slump also helped the market turnaround from its early crash. The Sensex breached 17,000 levels in noon trades to touch an intra-day high of 17,015 before selective selling saw it came close to slip below the 17,000 mark. However, renewed buying towards the fang end ensured the Sensex move past 16,950 mark and end the session with a surge of 225 points at 16,978. Nifty rose 54 points to close at 5,012. | | | Movers & Shakers | - Tanu Healthcare hit the upper limit of 10% following reports that the company has entered into an agreement with Socrus Bio Sciences Group, Indore, for contract framing of medicinal plants.
| | | |
Among sectoral indices, BSE Metal index led the surge with gains of 4.36% at 16,435 followed by BSE IT index (up 3.80% at 4,427) and BSE CD index (up 3.19% at 3,487). However, the BSE PSU index, the BSE Oil & Gas and BSE FMCG were the losers. The market breadth was postive. Of the 2,750 stocks traded on the BSE 1,425 stocks advanced, 1,239 stocks declined and 86 stocks ended unchanged.
Out of 30 Sensex stocks, 22 managed to end in the green, while 8 stocks ended with losses. Tata Consultancy Services was the leading gainer and soared 7.09% at Rs969.95, Hindlaco advanced 6.86% at Rs192.30, Infosys moved up by 4.53% at Rs1,826.30, Tata Steel jumped 4.12% at Rs886.35, Maruti shot up by 3.13% at Rs797.20, Bharti Airtel added 3.31% at Rs848.40 and Reliance Energy was marginally up at Rs1,424.55. Other major gainers like HDFC rose 2.74% at Rs2,731.10, JP Associates gained 2.57% at Rs259.75, Reliance Communications scaled up 2.50% at Rs559.30, Grasim Industries moved up 2.14% at Rs2,266 and Ranbaxy Laboratories was up 2.09% at Rs495.25. Among the laggards ONGC dropped 5.85% at Rs938.80, ACC shed 2.30% at Rs667.30, Ambuja Cement declined 1.93% at Rs109.40 and Mahindra & Mahindra lost 1.58% at Rs656.15.
Metal stocks were the star performers, ahead of the credit policy. Hindustran Zinc vaulted 17.14% at Rs733.85, Hindalco flared up 6.86% at Rs192.30, Jindal Steel jumped 6.07% at Rs2,310.30, Sterlite Industries scaled up 4.70% at Rs815, Bhushan Steel spurted 4.60% at Rs789.15, Sesa Goa soared 4.39% at Rs4,138 and Tata Steel was up 4.12% at Rs886.35. Among the IT stocks NIIT, I-Flex, HCL Techno, Tech Mahindra, Rolta and Mphasis were up 2-5% each.
Over 7.90 crore Aishwarya Telecom shares changed hands on the BSE followed by IFCI (1.72 crore shares), Idea Cellular (1.52 crore shares), Ispat Industries (1.48 crore shares) and Reliance Petroleum (1.31 crore shares).
| | | | | | | | European Indices at 16:18 IST on 14-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6205.80 | -6.10 | 0.10 | | CAC 40 Index | 5020.48 | 21.81 | 0.44 | | DAX Index | 7038.89 | -21.30 | -0.30 | | | | | | | | | | | Asian Indices at close on 14-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14118.55 | 164.82 | 1.18 | | Hang Seng Index | 25533.48 | -19.29 | -0.08 | | Kospi Index | 1843.75 | 0.95 | 0.05 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2449.34 | 30.44 | 1.26 | | | | | | | | 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 | |
No comments:
Post a Comment