| | | | Index Performance | | Index | Sensex | Nifty | | Open | 12,948.05 | 3,895.30 | | High | 13,712.31 | 4,107.15 | | Low | 12,822.75 | 3,848.25 | | Today's Cls | 13,664.62 | 4,093.35 | | Prev Cls | 12,961.68 | 3,896.75 | | Change | 702.94 | 196.60 | | % Change | 5.42 | 5.05 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Ansal Infra | 79.15 | 28.18 | | Akruti City | 799.90 | 19.98 | | HDIL | 402.90 | 19.22 | | India Infoline | 607.25 | 18.13 | | Edelweiss Capital | 594.45 | 16.07 | | Losers | | Jet Airways | 347.55 | -8.89 | | United Breweries | 269.60 | -6.57 | | United Phosphorus | 276.75 | -3.81 | | United Spirits | 1,153.30 | -3.49 | | Asian Paints | 1,049.70 | -2.75 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,586 | 810 | | Declines | 1,094 | 389 | | Unchanged | 57 | 25 | | Volume(Nos) | 40.57cr | 78.30cr | | | | | | Market Commentary | | | Market rebounds with vengeance | | The market rebounded sharply from its biggest three-day decline and posted 703-point gains on strong buying in Realty, Bankex, Metal and CG stocks. | | After getting battered for three consecutive sessions, the market made a sharp turn-around today, helped by strong buying in Realty, Bankex, Metal, and capital goods (CG) stocks. | 
| | | The bounce-back came after a steep fall of over 1,461 points in the market since the downslide began the last Friday.
The market, today, resumed 14 points lower over its last close at 12,948 and the benchmark index faltered under the selling pressure, quickly touching the day's low of 12,823. However, the sentiment turned bullish by afternoon and the Sensex surged 750 points or over 5.50% to touch the day's high of 13,712. The Sensex finally ended the session with gains of 5.42% or 703 points at 13,665, whereas Nifty soared 197 points at 4,093. | | | Movers & Shakers | - Godawari Power & Ispat slipped, despite the report that the company has signed a Memorandum of Understanding (MOU) with the government of Chhattisgarh.
- Vishal Retail inched lower, after the company opened two new showrooms last week.
- DLF rallied sharply on announcing that the company will consider and approve buy-back of equity shares of the company.
| | | |
The market breadth was positive. Of the 2,737 stocks traded on the Bombay Stock Exchange (BSE) 1,586 stocks advanced, 1,094 stocks declined and 57 stocks ended unchanged. All the sectoral indices were back in action and moved up sharply. The BSE Realty Index was the major gainer and rose 12.22%. The BSE Bankex Index jumped 6.02%, the BSE Metal Index added 5.96%, the BSE CG Index gained 5.89% and the BSE IT Index was up 5.77%.
Several index heavyweights notched up significant gains. Among the major gainers, DLF flared up 15.08% at Rs423.95, Reliance Energy zoomed 12.60% at Rs790.50, HDFC shot up by 11.10% at Rs2,039.20, ONGC flared up 8.12% at Rs854.45, Larsen & Toubro vaulted 7.33% at Rs2,297.15, Satyam Computer Services advanced 7.18% at Rs463.30, Jaiprakash Associates scaled up 7.03% at Rs144.70, Mahindra & Mahindra surged 6.57% at Rs469 and Infosys added 6.45% at Rs1,820.60. Other front-line stocks also moved up by 3-6% each. However, ITC & ACC dropped marginally.
Over 3.32 Reliance Natural Resources shares changed hands on the BSE followed by IFCI (2.58 crore shares), Reliance Petroleum (2.08 crore shares), Chambal Fertilisers (1.58 crore shares) and Nagarjuna fertilisers (1.08 crore shares).
| | | | | | | | European Indices at 16:08 IST on 02-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5558.10 | 78.20 | 1.48 | | CAC 40 Index | 4360.35 | 19.14 | 0.44 | | DAX Index | 6385.77 | 69.83 | 1.11 | | | | | | | | | | | Asian Indices at close on 02-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13286.37 | -176.83 | -1.31 | | Hang Seng Index | 21704.45 | -397.56 | -1.80 | | Kospi Index | 1623.60 | -42.86 | -2.57 | | Straits Times Index | 2906.23 | -0.56 | -0.02 | | Jakarta Composite Index | 2378.47 | -0.33 | -0.01 | | | | | | | | 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