Sensex

Friday, July 18, 2008

DG - FW: Sharekhan Post-Market Report dated July 18, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 18 July 2008 16:52
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 18, 2008

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

July 18, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,234.53

3,962.95

High

13,684.27

4,110.55

Low

13,093.34

3,926.30

Today's Cls

13,635.40

4,092.25

Prev Cls

13,111.85

3,947.20

Change

523.55

145.05

% Change

3.99

3.67

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IDFC

109.70

15.47

ICICI Bank

617.60

12.05

Indian Bank

89.00

10.08

Essar Shipping

105.65

9.99

HDFC

2,067.55

9.47

Losers

Satyam Computer

385.95

-7.51

Tata Chemicals

254.25

-6.16

HCL Tech

201.10

-5.85

Bajaj Hindusthan

143.85

-3.81

Wipro

365.55

-3.75

Market Statistics

-

BSE

NSE

Advances

1,616

795

Declines

980

384

Unchanged

90

43

Volume(Nos)

28.05cr

54.63cr

 Market Commentary 

Volatile market ends buoyant

Led by buying in banking and realty stocks, Sensex recovered smartly in the afternoon and ended firm at 13,635.

Sensex wiped out losses of over 1,000 points incurred by it in the last five sessions, after a strong bout of buying led by banking, realty, public sector unit and oil & gas

 

stocks triggered a wide-spread buying.

In a highly volatile trading session, Sensex resumed 123 points higher at 13,235 following weakness in Asian indices and crashed to the day's low of 13,093 on relentless selling. While the market was on a recovery path thereafter, the Sensex witnessed a sharp turnaround in the afternoon as gains in heavyweights and banking and realty stocks propelled it to an intra-day high of 13,684. After gyrating 591 points during the intra-day trades, Sensex gained 524 points to close at 13,635, while Nifty ended 145 points higher at 4,092.

The market breadth was positive. Of the 2,686 stocks traded on the BSE 1,616 stocks advanced, 980 stocks declined and 90 stocks ended unchanged. Except the BSE Metal and BSE IT indexes, other sectoral indices ended positive. The BSE Bankex index led the pack and gained 8.02% at 6,186 followed by the BSE Realty index (up 5.52% at 4,428) and the BSE PSU index (up 4.30% at 5,866.67).

ICICI Bank was the star performer among the heavyweights and the stock soared 12.05% at Rs617.60. Among the other major gainers, HDFC advanced 9.47% at Rs2,067.55, HDFC Bank jumped 7.87% at Rs1,033.55, Jaiprakash Associates rose 7.72% at Rs160.55, Bharti Airtel moved up by 7.10% at Rs802, DLF advanced 6.99% at Rs457.05 and Reliance Infra added 6.07% at Rs855.65. While State Bank of India (SBI), Bharat Heavy Electricals Ltd, ITC, National Thermal Power Corporation, Reliance Industries, Oil and Natural Gas Corporation, Larsen & Toubro, Reliance Communications and Maruti Suzuki India ended with a gain of over 4-5%.

Banking stocks were in demand and scaled higher. Yes Bank soared 8.93% at Rs120.20, Axis Bank flared up 8.07% at Rs686.80, HDFC Bank added 7.87% at Rs1,033.55, Punjab National Bank gained 7.56% at Rs440.45 and UBI was up 6.62% at Rs115.20. In realty pack, Ansal zoomed 7.83% at Rs93.60, Indiabulls Realestate shot up by 7.62% at Rs290.25, DLF Infraprojects rose 6.99% at Rs457.05 and HDIL gained 4.99% at Rs431.35. 

European Indices at 16:26 IST on 18-07-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5283.70

-2.60

-0.05

CAC 40 Index

4248.27

22.28

0.53

DAX Index

6288.99

17.72

0.28

Asian Indices at close on 18-07-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12803.70

-84.25

-0.65

Hang Seng Index

21874.19

139.47

0.64

Kospi Index

1509.99

-15.57

-1.02

Straits Times Index

2847.73

-16.37

-0.57

Jakarta Composite Index

2141.13

-26.57

-1.23

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 !!
MARKETPLACE
You rock! Blockbuster wants to give you a complimentary trial of Blockbuster Total Access.
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Ads on Yahoo!

Learn more now.

Reach customers

searching for you.

Yahoo! Groups

Everyday Wellness Zone

Check out featured

healthy living groups.

.

__,_._,___

No comments: