Sensex

Monday, July 21, 2008

DG - FW: Sharekhan Post-Market Report dated July 21, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 21 July 2008 16:56
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 21, 2008

 

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July 21, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,782.13

4,092.20

High

13,878.88

4,168.15

Low

13,581.19

4,072.75

Today's Cls

13,850.04

4,159.50

Prev Cls

13,635.40

4,092.25

Change

214.64

67.25

% Change

1.57

1.64

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indian Bank

101.80

13.55

Max India

170.25

9.77

LIC Housing Finance

257.35

8.61

NALCO

386.05

8.27

HDIL

465.00

7.80

Losers

IDFC

93.45

-14.81

Jai Corp

349.05

-4.98

Great Offshore

389.35

-4.83

GTL Infra

38.20

-4.74

Satyam Computer

367.10

-4.14

Market Statistics

-

BSE

NSE

Advances

1,169

701

Declines

1,362

803

Unchanged

85

37

Volume(Nos)

22.08cr

41.64cr

 Market Commentary 

Sensex gains on positive global cues 

The market remained upbeat for the third straight session and surged 215 points on sustained buying in heavyweight, banking and health care (HC) stocks.

The market attracted considerable buying interest for the third session in a row on firm global cues and gained nearly 200 points in early trades.  

 

Sensex resumed with a huge positive gap of 147 points at 13,782 and the market was range-bound with a positive bias, but the index lost some ground in the mid-noon trades to touch the day's low of 13,581, down 54 points from yesterday's close. The market however regained its lost momentum towards the final hour of the session on hectic upsurge in banking, heavyweight and HC stocks, but profit booking at close led Sensex shed its gains and end the session at 13,850, up 215 points. The Nifty gained 67 points to close at 4,160.

Movers & Shakers

  • Garware Offshore slipped in spite of the news that the company has taken delivery of Anchor Handling Tug Cum Supply Vessel (AHTSV) 'MV Poorna' having a bollard pull of 60 tonne.
  • IVRCL Infrastructures & Projects gained marginally on receiving orders valued at Rs351.21 crore.
  • Zee Entertainment Enterprises surged on report that the company will consider the buy-back of equity shares.


The breadth of the market was negative. Of the 2,616 stocks traded on the BSE 1,362 stocks declined, 1,169 stocks advanced and 85 stocks ended unchanged. Among sectoral indices, the BSE Bankex notched up 3.88% at 6,428.71 followed by the BSE HC index (up 3.03% at 4,111.73), while the BSE Realty index and the BSE Auto index were up 1-2%.

Most of the index heavyweights received considerable buying interest. Cipla soared 5.20% at Rs226.45, HDFC Bank rose 4.78% at Rs1,082.95, Ranbaxy Laboratories was up 4.74% at Rs458.20, National Thermal Power Corporation gained 4.70% at Rs181.45 and ICICI Bank moved up 4.29% at Rs644.10. Among the other major gainers Maruti Suzuki India shot up by 3.92% at Rs648.20, Hindustan Unilever jumped 3.76% at Rs227.95, Jaiprakash Associates added 3.74% at Rs166.55, State Bank of India gained 3.67% at Rs1,347.45, Reliance Communications moved up by 2.62% at Rs446.60 and Tata Consultancy Services was up 2.33% at Rs813.45. However, Satyam Computer Services slipped 4.14% at Rs367.10 and Ambuja Cement fell 2.17% at Rs81 while Bharat Heavy Electrical Ltd, Larsen & Toubro, Bharti Airtel and Tata Motors inched marginally lower. 

Banking stocks notched up significant gains during the day. Bank of Baroda surged 6.95% at Rs230.95, UBI scaled up 6.16% at Rs122.30, Bank of India rose 6.11% at Rs272.45, Indian Overseas Bank jumped 5.95% at Rs83.75, HDFC Bank added 4.78% at Rs1,082.95, Punjab National Bank gained 4.57% at Rs460.60 and Oriental Bank was up 3.06% at Rs139.65.

Over 1.33 crore IDFC shares changed hands on the BSE followed by Reliance Natural Resources (0.88 crore shares), Reliance Petroleum (0.64 crore shares), IFCI (0.61 crore shares) and First Winner Industries (0.59 crore shares).

Value wise, Reliance Capital registered a turnover of Rs245 crore on the BSE followed by Reliance Industries (Rs204 crore), Larsen & Toubro (Rs196 crore), Reliance Communications (Rs139 crore) and IDFC (Rs128 crore). 

European Indices at 16:49 IST on 21-07-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5431.10

54.70

1.02

CAC 40 Index

4344.43

45.07

1.05

DAX Index

6474.55

91.90

1.44

Asian Indices at close on 21-07-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12803.70

-

-

Hang Seng Index

22532.90

658.71

3.01

Kospi Index

1562.92

52.93

3.51

Straits Times Index

2919.21

71.48

2.51

Jakarta Composite Index

2195.06

53.93

2.52

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