Sensex

Wednesday, July 09, 2008

DG - FW: Sharekhan Post-Market Report dated July 09, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 July 2008 16:34
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 09, 2008

 

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July 09, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,581.41

3,990.90

High

13,998.48

4,169.40

Low

13,581.41

3,990.90

Today's Cls

13,964.26

4,157.10

Prev Cls

13,349.65

3,988.55

Change

614.61

168.55

% Change

4.60

4.23

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infra

320.75

13.60

Godrej Industries

177.90

13.35

Reliance Infra

835.45

10.66

Axis Bank

669.75

10.08

MMTC

20,616.95

10.00

Losers

Financial Tech

1804.50

-1.55

Shriram Transport

298.10

-1.34

Engineers India

495.25

-1.23

GSK Pharma

1,165.85

-1.13

Phoenix Mills

125.30

-0.71

Market Statistics

-

BSE

NSE

Advances

2,130

1,044

Declines

529

168

Unchanged

67

18

Volume(Nos)

33.64cr

57.69cr

 Market Commentary 

Firm global indices keep market buoyant

The Sensex surges at beginning of the session with buying in realty and power stocks. 

The market exhibited strong optimism, as buoyancy in overseas markets triggered a major across-the-board rally.  

 

After registering heavy loss on yesterday's trade, the Sensex resumed with a positive gap of 231 points at 13,581. However, lack of new buying in heavyweights kept the Sensex range-bound. But, in the afternoon trades the Sensex scaled up on hectic buying and set another all-time high of 13,998. Firm close in other Asian indices also helped the market rally. The Sensex finally closed the session with gains of 615 points at 13,964. The Nifty closed by adding 169 points at 4,157.

Movers & Shakers

  • ICSA India closed in the green after securing registration for its two designs from the patent office.
  • IVRCL Infrastructures & Projects surged on bagging orders worth Rs409.71 crore.


Among the sectoral indices, the BSE Realty led the upsurge with gains of 6.06% at 4,901 followed by the BSE Power (up 5.39% at 2,456), BSE Bankex Index (up 4.87% at 6,183) and BSE CG Index (up 4.70% at 11,365). However, the market breadth was positive. Of the 2,726 stocks traded on the BSE 2,130 stocks advanced, 529 stocks advanced and 67 stocks ended unchanged. 

All the 30 Sensex stocks managed to end in the green. Reliance Energy was the leading gainer and soared 10.66% at Rs835.45. Tata Motors jumped 7.49% at Rs404.55, ITC shot up by 6.78% at Rs171.85, Reliance Communications advanced 6.15% at Rs440.95, Tata Consultancy Services moved up by 5.92% at Rs875.65, HDFC Bank added 5.72% at Rs1,058, BHEL gained 5.14% at Rs1,575.30 and Reliance Industries gained 5.12% at Rs2,079.95. The remaining sensex stocks were up over 1-4% each.

Over 2.58 crore Reliance Natural Resources shares changed hands on the BSE followed by IFCI (1.86 crore shares), Idea Cellular (1.26 crore shares), Indusind Bank (1.04 crore shares) and Ispat Industries (0.94 crore shares).

European Indices at 16:15 IST on 09-07-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5509.30

68.80

1.26

CAC 40 Index

4320.83

45.22

1.06

DAX Index

6371.14

66.73

1.06

Asian Indices at close on 09-07-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13052.13

19.03

0.15

Hang Seng Index

21805.81

585.00

2.76

Kospi Index

1519.38

-14.09

-0.92

Straits Times Index

2917.62

31.00

1.07

Jakarta Composite Index

2286.02

7.05

0.31

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MARKETPLACE

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