| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,840.56 | 4,734.35 | | High | 15,957.24 | 4,817.40 | | Low | 15,673.67 | 4,727.25 | | Today's Cls | 15,807.64 | 4,777.80 | | Prev Cls | 15,695.10 | 4,733.00 | | Change | 112.54 | 44.80 | | % Change | 0.72 | 0.95 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | MMTC | 24,407.10 | 10.00 | | i-flex | 1,090.20 | 6.87 | | India Infoline | 837.75 | 6.72 | | Areva T&D India | 1,598.85 | 6.62 | | Hindustan Construction | 121.90 | 5.68 | | Losers | | Ambuja Cements | 117.60 | -3.61 | | Phoenix Mills | 369.00 | -3.42 | | Gujarat NRE Coke | 157.45 | -2.93 | | HCL Tech | 230.20 | -2.93 | | Nicholas Piramal | 307.80 | -2.72 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,637 | 672 | | Declines | 1,050 | 504 | | Unchanged | 62 | 49 | | Volume(Nos) | 29.51cr | 43.08cr | | | | | | Market Commentary | | | Market ends steady | | Buying in select heavyweights saw the index end with steady gains. | | Taking a strong cue from the uptrend in global markets, the market witnessed sharp upward movement on the back of wide-spread buying support. | | | | Shrugging off the recent lacklustre trading trend, the Sensex opened 146 points above its previous close at 15,695 and made significant headway through the trading session. While the sentiment remained buoyant, the Sensex witnessed unprecedented rally towards the close and soared to an intra-day high of 15,957, up 289 points from the day's low. The Sensex finally ended 113 points higher at 15,808, while the Nifty advanced 45 points to close at 4,778. | |
The breadth of the market was positive. Of the 2,749 stocks traded on the BSE (Bombay Stock Exchange), 1,637 stocks advanced, 1,050 stocks declined and 62 stocks ended unchanged.
The BSE CG index led the sectoral indices pack, with gains of 2.86% followed by the BSE Oil & Gas index (up 2.82%), the BSE Power index (up 2.08%), the BSE PSU (up 1.61%), the BSE Metal index (up 0.80%), the BSE CD index (up 0.61%), the BSE Auto index (up 0.54%) and the BSE Teck index (up 0.17%).
Heavyweights BHEL flared up 3.67% at Rs1,829.95, Larsen & Toubro advanced 3.57% at Rs2,774, RIL zoomed 3.34% at Rs2,550.05, Satyam appreciated by 2.30% at Rs433.20, Reliance Energy scaled up 2.22% at Rs1,281 and Reliance Communications moved up 1.83% at Rs493.25. Hindalco, Mahindra & Mahindra, Tata Steel, TCS, Bharti Airtel, Jaiprakash Associates, SBI and NTPC closed in positive territory.
Capital goods stocks were in the limelight. Areva, Kirloskar Oil, Thermax, Punj Lloyd, BHEL, Siemens, ABB, Kirloskar Brother and Bharat Elect India advanced 1.6% each.
Oil stocks, too, were in demand following a slump in international crude oil prices. Aban Offshore, Cairn India, Gail India, Essar Oil, Reliance Petroleum, Reliance Industries, Bharat Petroleum, IOC, HPCL and RNRL shot up 0.50-6% each.
Sanket International at Rs12.50, Gujarat Foil at Rs133.10 and SEL Manufacturing Company at Rs416.55, touched new all-time highs on the BSE. While Jet Airways at Rs459.90 and Parle Software at Rs210 touched new all-time lows.
Elpro International at Rs712.80, Bharat Rasayan at Rs58.70, Bamspal Securities at Rs1.27, Mobile Telecom at Rs4.97, Standard India at Rs57.05 and Koa Tools at Rs1.11 hit the upper circuit on the BSE.
Over 1.80 crore RPL shares changed hands on the BSE followed by Vijaya Bank (1.37 crore shares), Sita Shree Food products (1.24 crore shares), Orchid Chemical (1.16 crore shares) and RNRL ( 1.04 crore shares).
| | | | | | | | European Indices at 16:15 IST on 11-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5996.60 | 31.50 | 0.53 | | CAC 40 Index | 4869.18 | 9.76 | 0.20 | | DAX Index | 6714.22 | 9.90 | 0.15 | | | | | | | | | | | Asian Indices at close on 11-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13323.73 | 378.43 | 2.92 | | Hang Seng Index | 24667.79 | 480.69 | 1.99 | | Kospi Index | 1779.71 | 15.07 | 0.85 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2303.93 | 68.00 | 3.04 | | | | | | | | 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 | |
