Sensex

Friday, March 14, 2008

DG - FW: Sharekhan Post-Market Report dated March 14, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 March 2008 19:49
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 14, 2008

 

 

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March 14, 2008

 

Index Performance

Index

Sensex

Nifty

Open

15,467.39

4,623.80

High

15,798.42

4,758.95

Low

15,331.35

4,607.55

Today's Cls

15,760.52

4,745.80

Prev Cls

15,357.35

4,623.60

Change

403.17

122.20

% Change

2.63

2.64

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Educomp Solutions

3,627.85

12.05

Titan Industries

1,069.35

9.22

Reliance Energy

1,296.15

8.26

Godrej Industries

279.20

8.13

Jaiprakash Associates

236.25

7.83

Losers

IVRCL Infra

391.70

-5.08

Jet Airways

599.45

-4.94

Reliance Industries

953.20

-4.92

Shree Precoated

167.30

-4.07

Federal Bank

242.15

-4.06

Market Statistics

-

BSE

NSE

Advances

1,214

608

Declines

1,458

572

Unchanged

60

20

Volume(Nos)

33.37cr

53.88cr

 Market Commentary 

Market gains amid buying in realty and consumer durables

Steady buying in reality, consumer durables (CD) and select heavyweights saw the Sensex end with sharp gains. 

The market reversed yesterday's downward trend and posted significant gains, as investors took cue from strong mixed Asian indices and avoided bearish US  

 

markets trend. After opening slightly higher at 15,647, the Sensex immediately breached 15,500 levels, but lost the edge and pared gains on the resumption of profit taking. As the market entered the second half of the trading session, the Sensex turned choppy and crumbled to the day's low of 15,331 on increased selling. The sentiment slowly turned bullish thereafter, with a strong bout of fresh buying in reality, consumer durables and select heavyweights lifting the Sensex to an intra-day high of 15,798. The Sensex ended the session with gains of 403 points at 15,761, while the Nifty added 122 points to close at 4,746.

Movers & Shakers

  • Pioneer Investcorp rose on report that the high court of judicature at Bombay has approved the Scheme of Amalgamation
  • Speciality Papers scaled up on reports that the company has approved the bonus issue


However, the breadth of the market was negative. Of the 2,732 stocks traded on the BSE 1,458 stocks declined, 1,214 stocks advanced and 60 stocks ended unchanged. On the sectoral front, indices ended with gains. The BSE Realty index was the major gainer and rose 4.76% at 7,713 and the BSE CD index added 4.03% at 4,028. 

Leading the upsurge in heavyweights, Reliance Energy advanced 8.26% at Rs1,296.15, Jaiprakash rose 7.83% at Rs236.25, DLF jumped 7.83% at Rs654.25, ICICI Bank scaled up 4.81% at Rs878.20, Hindalco moved up by 4.52% at Rs181.55, NTPC surged 4.39% at Rs194.90, Satyam added 4.07% at Rs378.85 and L&T gained 3.68% at Rs2,908. However, Bharti Airtel slumped 3.27% at Rs752.95, Mahindra & Mahindra tumbled 1.75% at Rs649.45, Ambuja shed 0.70% at Rs120, Maruti declined 0.54% at Rs835.20 and BHEL dropped 0.20% at Rs1,878.

Over 2.88 crore RNRL shares changed hands on the BSE followed by RPL (1.72 crore shares), Ispat Industries (1.39 crore shares), Power Grid (0.85 crore shares) and Essar Oil (0.71 crore shares).

Valuewise, RNRL registered a turnover of Rs305 crore followed by RPL (Rs275 crore), Reliance Industries (Rs271 crore), GSS America (Rs223 crore) and Reliance Capital (Rs189 crore).

European Indices at 16:28 IST on 14-03-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5719.70

27.30

0.48

CAC 40 Index

4650.32

20.13

0.43

DAX Index

6549.45

48.89

0.75

Asian Indices at close on 14-03-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12241.60

-191.84

-1.54

Hang Seng Index

22237.11

-64.53

-0.29

Kospi Index

1600.26

-15.36

-0.95

Straits Times Index

2839.01

33.46

1.19

Jakarta Composite Index

2383.42

-57.17

-2.34

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