| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,512.70 | 4,707.05 | | High | 15,829.59 | 4,758.25 | | Low | 15,464.72 | 4,667.50 | | Today's Cls | 15,790.51 | 4,747.05 | | Prev Cls | 15,587.62 | 4,709.65 | | Change | 202.89 | 37.40 | | % Change | 1.30 | 0.79 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bajaj Hindustan | 209.45 | 11.77 | | Deccan Aviation | 130.45 | 8.89 | | Rajesh Exports | 88.30 | 7.62 | | Triveni Engineering | 113.75 | 7.31 | | Bhushan Steel | 696.75 | 5.72 | | Losers | | Nicholas Piramal | 316.50 | -3.61 | | Lanco Infra | 399.90 | -3.56 | | Indiabulls Financial | 424.80 | -3.51 | | Indiabulls Real Estate | 479.80 | -3.33 | | Bajaj Holdings | 650.45 | -3.15 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,829 | 1,056 | | Declines | 794 | 474 | | Unchanged | 66 | 25 | | Volume(Nos) | 29.99cr | 48.33cr | | | | | | Market Commentary | | | Market ends higher amid sharp swing | | After witnessing a swing of 365 points in intra-day trades, the Sensex ended with sharp gains on selective buying. | | The market showed signs of easing off in the first half, as the Sensex dropped nearly 123 points, but a recovery in the afternoon trades and selective buying towards the | | | | close saw the Sensex end higher. Exhibiting sharp volatility in the first half, the Sensex resumed with a huge negative gap of 75 points at 15,513 and soon crossed the 15,500 mark to touch an intra-day low of 15,465 on sustained selling support. However, the market soon turned into positive territory, as a sharp bout of buying in old economy stocks led the index to an intra-day high of 15,830. The Sensex finally wound up the session with gains of 1.30% or 203 points at 15,791 while, the Nifty advanced 37 points to close at 4,747. | | | Movers & Shakers | - i-flex Solutions rose on report that Israel Discount Bank, one of the leading financial groups of Israel has chosen FLEXCUBE as the core banking platform for its UK operations.
- Ranbaxy Laboratories ended a bit weak in spite of entering into a collaborative research agreement with the Department of Biotechnology (a government of India corcern) in the area of New Drug Discovery Research.
| | | |
The market breadth however ended positive. Of the 2,689 stocks traded on the Bombay Stock Exchange (BSE) 1,829 stocks advanced, 794 stocks declined and 66 stocks ended unchanged. Among the sectoral indices the BSE Bankex index was the major gainer and moved up 3.01% while, the BSE Power index and the BSE CG were up nearly 2% each. The BSE Realty index and the BSE FMCG index, however, ended weak.
Select heavyweights helped the Sensex end at higher levels. HDFC Bank rose 5.50% to Rs1,376.05 and HDFC advanced 4.24% to Rs2407.50. Among other major gainers, BHEL jumped 3.74% to Rs1,776.75, Tata Steel scaled up 3.44% to Rs678.90 and ICICI Bank moved up 2.86% to Rs836.50. However, Maruti Suzuki dropped 1.44% to Rs733.45, HUL tumbled 1.39% to Rs244.45, Bharti Airtel shed 1.04% to Rs819.95 and TCS lost 0.98% to Rs876.65. DLF, Jaiprakash Associates, Reliance Communications and ACC also ended with losses.
Select Bankex stocks rallied sharply. Bank of Baroda zoomed 4.98% to Rs294.10, Yes Bank advanced 4.65% to Rs169.75, Axis Bank added 4.62% to Rs796.10, Kotak Bank gained 4.47% to Rs671.85 and Federal Bank gained 4.45% to Rs237.
Over 2.53 crore Orchid Chemicals shares changed hands on the BSE followed by Sita Shree Food Products(1.95 crore shares), Ispat Industries (1.11 crore shares), RNRL (0.84 crore shares) and SAIL (0.68 crore shares).
| | | | | | | | European Indices at 16:55 IST on 09-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6003.30 | 13.30 | 0.22 | | CAC 40 Index | 4917.86 | 5.17 | 0.11 | | DAX Index | 6773.74 | 1.76 | 0.03 | | | | | | | | | | | Asian Indices at close on 09-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13111.89 | -138.54 | -1.05 | | Hang Seng Index | 23984.57 | -327.12 | -1.35 | | Kospi Index | 1754.71 | -18.85 | -1.06 | | Straits Times Index | 3089.72 | -40.70 | -1.30 | | Jakarta Composite Index | 2180.09 | -69.68 | -3.10 | | | | | | | | 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 | |
.png)
