Sensex

Thursday, January 31, 2008

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 31 January 2008 19:33
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 31, 2008

 

 

 

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January 31, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,810.13

5,172.25

High

18,008.71

5,251.65

Low

17,417.63

5,071.15

Today's Cls

17,648.71

5,137.45

Prev Cls

17,758.64

5,167.60

Change

-109.93

-30.15

% Change

-0.62

-0.58

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Container Corporation

1,771.25

14.26

Exide Industries

83.20

8.47

Jindal Stainless

168.50

7.74

Idea Cellular

123.65

7.34

Asian Paints

1,245.70

6.25

Losers

Aurobindo Pharma

294.40

-11.54

Puravankara Projects

325.05

-9.68

Brigade Enterprises

270.80

-9.61

Tata Chemicals

305.00

-7.27

Sterling Biotech

152.35

-6.22

Market Statistics

-

BSE

NSE

Advances

977

424

Declines

1,774

728

Unchanged

41

16

Volume(Nos)

29.05cr

77.62cr

 Market Commentary 

Sensex sheds 110 points

Market finds stability at the end of a volatile trading session as heavyweights stage a late-session recovery.

A day after Sensex slipped over 333 points on an all round selling, the market opened on a positive note shrugging off worries about the subprime crises.  

 

However, the market was gloomy amid a range-bound trend during intra-day trades influenced by subdued international markets. The Sensex saw strong optimism to vanish after adding 251 points to touch the day's high of 18,009. The market zigzagged between its positives and negatives thereafter, but eased in the afternoon on sustained selling in power, realty and Bankex stocks to touch the intra-day low of 17,418. Heavy buying in most of the index pivotal stocks helped Sensex trim most of its losses towards the close and end the session at 17,649, down 110 points. The Nifty closed with a loss of 30 points at 5,137.

Movers & Shakers

  • Rajesh Exports surged on bagging a major order worth Rs463 crore from M/s Excel Goldsmiths.
  • GMR Infrastructure moved down in spite of the report that the company has signed a Memorandum of Understanding (MoU) for a 300-MW Upper Karnali Hydro Electric Project in Nepal.

However, the market breadth was in favour of losers as 1,774 stocks declined, 977 stocks advanced and 41 stocks remained unchanged on the Bombay Stock Exchange (BSE). Most of the sectoral indices closed with losses. BSE Realty index and BSE Power index were the major losers and slipped over 2% each. However, BSE Auto index soared 0.42% followed by BSE FMCG, Oil & Gas, Teck index and BSE IT index. 

Among the 30 Sensex stocks, 13 ended in the green. Attracting strong buying support, Hind Utilities surged by 5.04% to Rs206.50, Bajaj Auto shot up by 3.83% at Rs2,356, HDFC Bank jumped by 2.35% at Rs1,568, ONGC advanced by 2.05% at Rs988.40, Tata Motors scaled up by 1.44% at Rs706, Bharti Airtel zoomed 1.43% at Rs864 and TCS added 1.11% at Rs875.25. Among the laggards, Hindalco tumbled 5.88% at Rs165.75, DLF slipped 5.76% at Rs812.55, ICICI Bank fell 3.31% at Rs1,145, M&M was down 3.14% at Rs669, SBI lost 2.63% at Rs2,162 and ITC moved down 2.16% at Rs195.20.

Over 2.11 crore RNRL shares changed hands on the BSE followed by Ispat Industries (1.46 crore shares), RPL (1.37 crore shares), Essar Oil (0.92 crore shares) and IFCI (0.88 crore shares).

European Indices at 16:20 IST on 31-01-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5788.60

-48.70

-0.83

CAC 40 Index

4823.37

-50.20

-1.03

DAX Index

6805.66

-69.69

-1.01

Asian Indices at close on 31-01-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13592.47

247.44

1.85

Hang Seng Index

23455.74

-197.95

-0.84

Kospi Index

1624.68

35.62

2.24

Straits Times Index

3344.53

-

-

Jakarta Composite Index

2627.25

16.89

0.65

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