| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,007.32 | 4,191.20 | | High | 14,322.67 | 4,327.00 | | Low | 14,002.19 | 4,191.20 | | Today's Cls | 14,287.21 | 4,313.55 | | Prev Cls | 13,791.54 | 4,189.85 | | Change | 495.67 | 123.7 | | % Change | 3.59 | 2.95 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Indiabulls Financial | 291.55 | 14.65 | | Indiabulls Real Estate | 299.65 | 13.48 | | Punj Lloyd | 271.20 | 11.88 | | RNRL | 99.65 | 11.15 | | Axis Bank | 679.60 | 9.60 | | Losers | | Zee Enter | 204.50 | -5.78 | | Essar Shipping | 108.20 | -4.88 | | NTPC | 170.90 | -4.23 | | Praj Ind | 180.85 | -3.08 | | Deccan Chronicle | 108.60 | -2.86 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,784 | 863 | | Declines | 857 | 335 | | Unchanged | 83 | 31 | | Volume(Nos) | 35.80cr | 54.91cr | | | | | | Market Commentary | | | Sensex bounces back as banking stocks outperform | | Buoyancy in heavyweights, banking and realty stocks helped the Sensex bounce back and gain 496 points for the day. | | The market witnessed a strong pull-back today after witnessing a sharp slump yesterday. The rally was mainly triggered by buoyancy in heavyweights, banking and realty stocks. | 
| | | Firm openings in European markets also helped the Sensex to rise. The Sensex resumed with a positive gap of 215 points at 14,007, but slipped marginally as trading progressed and touched the day's low of 14,002 on profit bookings in fast moving consumer goods (FMCG) stocks. However, hectic buying in banking and realty stocks saw the Sensex touch the day’s high at 14,323, up 531 points. The Sensex finally closed the session at 14,287, up 496 points. The Nifty closed by adding 124 points at 4,314.
Market breadth was positive as 1,784 stocks (~65%) advanced, 857 stocks (~31%) declined and 83 stocks (~3%) remained unchanged. Among the sectoral indices, the BSE Banking Index flared up by 5.21%, the BSE Realty Index rose 5.09% and the BSE Metal Index moved up by 4.69%. While the remaining indices except BSE FMCG index gained 1-3% each.
Among the Sensex stocks, HDFC flared up 7.99% at Rs2,273.95, Tata Steel shot up by 7.83% at Rs630.05, Tata Power zoomed 6.92% at Rs1,115.50, Reliance Infra moved up by 6.90% at Rs970.80, HDFC Bank scaled up 6.18% at Rs1,092.50, Sterlite Industries surged by 5.13% at Rs622.45, State Bank of India jumped by 4.97% at Rs1,386.65 and Tata Motors gained 4.91% at Rs416.30.
On volume front, over 5.20 crore Birla Cotsyn shares changed hands on the BSE followed by Reliance Natural Resources (3.88 crore shares), IFCI (0.94 crore shares), Ispat industries (0.91 crore shares) and Reliance Petroleum (0.82 crore shares).
In value terms, Reliance Natural Resources clocked a turnover of Rs374 crore followed by Reliance Capital (Rs233 crore), Larsen & Toubro (Rs178 crore), Reliance Industries (Rs166 crore) and HDFC (Rs145 crore). | | | | | | | | European Indices at 16:15 IST on 30-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5394.70 | 75.50 | 1.42 | | CAC 40 Index | 4375.91 | 55.42 | 1.28 | | DAX Index | 6455.53 | 56.73 | 0.89 | | | | | | | | | | | Asian Indices at close on 30-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13367.79 | 208.34 | 1.58 | | Hang Seng Index | 22690.60 | 432.60 | 1.94 | | Kospi Index | 1577.70 | 10.50 | 0.67 | | Straits Times Index | 2925.50 | 38.94 | 1.35 | | Jakarta Composite Index | 2278.68 | 3.00 | 0.13 | | | | | | | | 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