Sensex

Monday, August 04, 2008

DG - FW: Sharekhan Post-Market Report dated August 04, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 August 2008 16:50
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 04, 2008

 

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August 04, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,594.64

4,426.10

High

14,725.94

4,436.15

Low

14,503.51

4,362.90

Today's Cls

14,577.87

4,395.35

Prev Cls

14,656.69

4,413.55

Change

-78.82

-18.20

% Change

-0.54

-0.41

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Essar Oil

231.95

16.73

Ispat Industries

29.80

9.56

Maytas Infra

442.25

9.37

JSW Steel

870.90

9.31

Dish TV

32.85

9.14

Losers

Aditya Birla Nuvo

1,264.70

-5.58

Crompton Greaves

240.65

-3.64

HMT

75.80

-3.25

Deccan Chronicle

109.50

-2.93

LIC Housing Finance

323.60

-2.87

Market Statistics

-

BSE

NSE

Advances

1,845

880

Declines

805

325

Unchanged

69

24

Volume(Nos)

43.53cr

70.21cr

 Market Commentary 

Sensex slips amid sharp volatile trades

After witnessing an intra-day swing of 222 points, the Sensex closed the session with a loss of 79 points. 

The market saw high volatility during the day as stocks gyrated throughout the session with the Sensex witnessing an intra-day swing of 222 points.  

 

The market opened higher buoyed by the overnight gains in the US markets, but pared early gains as investors' sentiment turned cautious as the Sensex neared its lifetime high of 14,726 points. Thereafter sustained selling in frontline, auto and metal stocks saw the Sensex enter into negative territory. After displaying some range-bound moves, the market plunged deep into the red on heavy selling towards the close to touch the day's low of 14,504. The Sensex finally closed the session at 14,578, down 79 points. The Nifty had a flat close at 4395, down 18 points. 

Movers & Shakers

  • Thermax gained marginally on receiving an order of Rs415 crore from a leading steel making company for setting up a captive power plant for its upcoming blast furnace complex on an EPC basis.
  • Gayatri Projects gained on forming a classic form investment subsidiary in transportation infrastructure sector--AMP Capital Finance (Mauritius) to invest Rs200 crore in the equity of Gayatri Infra Ventures in tranches.


The breadth of the market was positive. Of the 2,719 stocks traded on the BSE 1,845 stocks advanced, 805 stocks declined and 69 stocks ended unchanged. Among the sectoral indices, the BSE CD index soared 3.87%, the BSE Metal index advanced 2.06% and the BSE HC index was up 1.51%. However the BSE CG index, BSE Power index and the BSE Oil & Gas index closed in the red.

Selective buying helped the index overcome its losses. Grasim Industries gained 3.18% at Rs1,894.40, Ranbaxy Laboratories advanced 2.80% at Rs524, JP Associates gained 2.38% at Rs174.50 and Maruti Suzuki India added 2.08% at Rs572.15. Tata Steel, ACC, Satyam Computer Services, Hindalco, Infosys, State Bank of India and Reliance Communications notched up steady gains.

Selling was evident in select heavyweights. Tata Consultancy Services dropped 2.73% at Rs816.30, Reliance Industries declined 2.49% at Rs2,242.50, Bharat Heavy Electricals Ltd tumbled 2.41% at Rs1,714.15, Oil and Natural Gas Corporation shed 1.53% at Rs981.55, Sterlite Industries dipped 1.38% at Rs623.95, Larsen & Toubro was down 1.33% at Rs2,656.55 and DLF shed 1.22% at Rs513.80.

Over 4.49 crore Reliance Natural Resources shares changed hands on the BSE followed by Ispat Industries (2.86 crore shares), IFCI (1.94 crore shares), Bellary Steel (1.14 crore shares) and BL Kashyap & Sons (1.10 crore shares).

European Indices at 16:15 IST on 04-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5363.70

9.00

0.17

CAC 40 Index

4305.17

-9.17

-0.21

DAX Index

6359.13

-37.33

-0.58

Asian Indices at close on 04-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12933.18

-161.41

-1.23

Hang Seng Index

22514.87

-78.82

-1.52

Kospi Index

1543.05

-30.72

-1.95

Straits Times Index

2876.08

-29.99

-1.03

Jakarta Composite Index

2227.67

-21.08

-0.94

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