| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,300.72 | 4,252.60 | | High | 14,449.81 | 4,324.75 | | Low | 14,196.68 | 4,230.00 | | Today's Cls | 14,421.82 | 4,315.85 | | Prev Cls | 14,220.07 | 4,252.65 | | Change | 201.75 | 63.20 | | % Change | 1.42 | 1.49 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Tata Comm | 390.20 | 8.55 | | Maytas Infra | 447.90 | 8.27 | | Bharat Forge | 257.00 | 6.82 | | Chambal Fertilisers | 81.15 | 6.71 | | Tata Chemicals | 316.10 | 6.29 | | Losers | | Phoenix Mills | 185.00 | -8.42 | | Max India | 164.75 | -7.88 | | Brigade Enterprises | 128.60 | -7.18 | | Ansal Infra | 78.85 | -7.07 | | Triveni Engineering | 77.00 | -6.72 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,483 | 663 | | Declines | 1,143 | 513 | | Unchanged | 72 | 42 | | Volume(Nos) | 30.26cr | 67.74cr | | | | | | Market Commentary | | | Market ends higher amid volatility | | After witnessing a swing of 256 points in intra-day trades, the Sensex ended with steady gains on selective buying interest. | | The market showed signs of easing off in the first half of the trading session as the Sensex dropped nearly 23 points, but a recovery in the afternoon and selective | 
| | | buying towards the close saw it end higher for the second consecutive session. Exhibiting sharp volatility in early trades, the Sensex resumed with a huge positive gap of 80 points at 14,301 and soon touched the intra-day high of 14,450 on sustained buying support. However, the market soon drifted into negative territory, as a sharp bout of selling pressure dragged the index to an intra-day low of 14,197. The Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,422, up 202 points. However, after a mixed outing Nifty ended higher at 4,316, up 63 points. The market breadth was positive. Of the 2,698 stocks traded on the BSE, 1,483 stocks advanced, while 1,143 stocks declined and 72 stocks ended unchanged. Most of the sectoral indices ended with steady gains. However, the BSE Oil & Gas index gained 2.82% at 9,677 while the BSE IT index advanced by 2.12% at 4,181.
Select heavyweights helped the Sensex close at higher levels. Ambuja Cement rose 6% at Rs87.50, Wipro moved up 5.14% at Rs479.95, Reliance Industries advanced 4.87% at Rs2,239.25 and Cipla gained 4.36% at Rs216.65. Among the other major gainers, Satyam Computer Services jumped 3.28% at Rs459.80, Tata Motors notched up gains of 3.14% at Rs489.45 and HDFC gained 3.04% at Rs2,234.85. However, Reliance Communications dropped 2.61% at Rs490, Maruti Suzuki India tumbled 2.44% at Rs670, Hindalco shed 2.12% at Rs142.35 and Ranbaxy Laboratories lost 2.03% at Rs529.50. DLF, Hindustan Unilever, Bharti Airtel and HDFC Bank also ended in negative territory.
Select oil stocks rallied sharply. Gail India advanced 3.58% at Rs363.35, Reliance Petroleum added 1.85% at Rs173.55, Cairn India jumped 1.18% at Rs271.20 and ONGC gained 0.73% at Rs870.35.
Realty stocks declined sharply on sustained selling pressure. Phoenix Mill tanked 8.42% at Rs185, Puravankara dropped 7.34% at Rs170.35, Ansal Properties shed 7.07% at Rs78.85, Mahindra Life lost 6.01% at Rs476.10 and HDFC dipped 5.89% at Rs450.20.
Over 2.18 crore Chambal shares changed hands on the BSE followed by Nagarjuna Fertilisers (1.32 crore shares), Reliance Natural Resources (1.17 crore shares), Niraj Cement (1.09 crore shares) and IFCI (1crore shares). | | | | | | | | European Indices at 16:28 IST on 26-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5605.10 | -61.00 | -1.08 | | CAC 40 Index | 4487.33 | -48.96 | -1.08 | | DAX Index | 6535.19 | -82.65 | -1.25 | | | | | | | | | | | Asian Indices at close on 26-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13822.32 | -7.60 | -0.05 | | Hang Seng Index | 22455.67 | -179.49 | -0.79 | | Kospi Index | 1717.66 | -0.13 | -0.01 | | Straits Times Index | 2980.95 | -5.67 | -0.19 | | Jakarta Composite Index | 2350.89 | 9.53 | 0.41 | | | | | | | | 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 | |
