Sensex

Thursday, July 31, 2008

DG - FW: Sharekhan Post-Market Report dated July 31, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 31 July 2008 16:32
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 31, 2008

 

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July 31, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,359.48

4,314.35

High

14,369.59

4,342.00

Low

14,161.76

4,285.55

Today's Cls

14,355.75

4,332.95

Prev Cls

14,287.21

4,313.55

Change

68.54

19.40

% Change

0.48

0.45

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Engineers India

602.10

5.23

Bharat Forge

255.45

4.97

United Phosphorus

339.95

4.49

Max India

192.35

4.25

Siemens

546.75

4.19

Losers

Hindustan Construction

87.15

-6.49

Ansal Infra

90.25

-5.25

Zee Enter

194.00

-5.13

IVRCL Infra

301.60

-4.50

Indiabulls Real Estate

286.55

-4.37

Market Statistics

-

BSE

NSE

Advances

1,296

553

Declines

1,326

641

Unchanged

75

35

Volume(Nos)

31.02cr

66.16cr

 Market Commentary 

Indices close flat

The Sensex swung 208 points during intra-day trades and closed with a marginal gain of 69 points. 

The market had a flat close as traders continued to book profits at the expiry of July derivative contracts.

 

After a cautious start at 14,359, above 72 points its previous close, the Sensex came under selling pressure and slipped into the red below the 14,200 mark amid weakness in several Asian indices to touch the day's low of 14,162, down 125 points. The market stabilised by afternoon and continued its northwards journey on healthy buying in heavyweights, metal and oil & gas stocks. The market remained choppy thereafter and moved in a range with a mixed bias. Strong optimism in frontline, metal, oil & gas and power stocks saw the index touch an intra-day high of 14,370, up 28 points from the day's low. However, profit bookings at the close saw the Sensex end the session with a marginal gain of 69 points at 14,356, while Nifty added 19 points to close at 4,333.

The market breadth was negative. Of the 2,697 stocks traded on the BSE, 1,326 stocks declined, 1,296 stocks advanced and 75 stocks ended unchanged. Among the sectoral indices, the BSE Metal index gained 1.68%, while the BSE Oil & Gas index, the BSE Power index and the BSE Realty index were up over 0.75% each. The BSE HC index, the BSE Teck index, the BSE IT index and the BSE Bankex were marginally down.

Among the heavyweights, Tata Power gained 4% at Rs1,160.10, Tata Steel soared 3.95% at Rs654.95, DLF surged 3.79% at Rs509.30, State Bank of India moved up by 2.03% at Rs1,414.75, Reliance Industries scaled up 1.99% at Rs2,206.20, Sterlite Industries was up 1.50% at Rs631.30, Mahindra & Mahindra advanced by 1.29% at Rs520.55 and Ranbaxy Laboratories gained 1.29% at Rs499.10. However, Tata Motors slipped 3.13% at Rs403.25, followed by Grasim Industries, which was down 2.78% at Rs1,800.45. Maruti Suzuki India slumped by 2.36% at Rs574.90, Wipro shed 1.53% at Rs416 and Bharti Airtel lost 1.33% at Rs799.15. 

Over 3.72 crore Reliance Natural Resources shares changed hands on the BSE followed by Birla Cotsyn (1.79 crore shares), Ispat Industries (1.30 crore shares), BL Kashyap & Sons(0.88 crore shares) and Chambal Fertilisers (0.83 crore shares).

Reliance Natural Resources was the most actively traded counter with a turnover of Rs370 crore on the BSE followed by Reliance Capital (Rs344 crore), Reliance Industries (Rs182 crore), Tata Steel (Rs163 crore) and Reliance Infra (Rs135 crore). 

European Indices at 16:15 IST on 31-07-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5426.00

5.30

0.10

CAC 40 Index

4413.38

12.83

0.29

DAX Index

6473.29

13.17

0.20

Asian Indices at close on 31-07-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13376.81

9.02

0.07

Hang Seng Index

22731.10

40.50

0.18

Kospi Index

1594.67

16.97

1.08

Straits Times Index

2929.65

4.15

0.14

Jakarta Composite Index

2304.50

25.82

1.13

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