Sensex

Tuesday, July 22, 2008

DG - FW: Sharekhan Post-Market Report dated July 22, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 22 July 2008 17:02
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 22, 2008

 

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July 22, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,837.64

4,158.45

High

14,206.13

4,262.45

Low

13,798.18

4,137.95

Today's Cls

14,104.20

4,240.10

Prev Cls

13,850.04

4,159.50

Change

254.16

80.60

% Change

1.84

1.94

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

United Breweries

265.10

18.06

United Spirits

1221.35

16.52

Great Offshore

427.35

9.76

Tech Mahindra

744.65

9.65

RPower

142.75

7.90

Losers

Maruti Suzuki

587.95

-9.29

Dr Reddy's

627.70

-7.10

Shree Precoated

88.00

-5.68

IVRCL Infra

302.20

-4.50

JP Associates

159.45

-4.26

Market Statistics

-

BSE

NSE

Advances

1,849

1076

Declines

734

409

Unchanged

74

34

Volume(Nos)

27.31cr

53.03cr

 Market Commentary 

Sensex ends firm above 14,100 

Action in heavyweight, FMCG and power stocks saw Sensex end firm above 14,100.

The market remained buoyant on strong foreign institutional investor (FII) inflows and the index surged past the 14,200 mark in intra-day trades.  

 

Resuming on a negative note at 13,838, 12 points below its previous close of 13,850, Sensex turned positive and crossed the 14,000 mark in the afternoon. A positive close in most of the Asian indices triggered a major rally in heavyweight, fast moving consumer goods (FMCG), power, metal and banking stocks that helped Sensex surge to an intra-day high of 14,206. Sensex finally closed with gains of 254 points at 14,104, while Nifty added 81 points to close at 4,240.

Movers & Shakers

  • Ram Informatics moved up sharply on reports that it has received a Letter of Intent from the department of social welfare, government of Andhra Pradesh to depute technical personnel.
  • Computer Point notched up gains on reports that the company has launched Computer Point--International School of Business.


The market breadth was extremely positive. Of the 2,657 stocks traded on the BSE, 1,849 stocks advanced, while only 734 stocks declined; 74 stocks ended unchanged. Among the sectoral indices, BSE FMCG gained 4.35% followed by BSE Power index, which was up 4.29%. BSE Metal index was up 3.96%, BSE Bankex index gained 3.12% and BSE capital goods (CG) index gained 3.10%. BSE public sector unit (PSU) index jumped by 2.50%, BSE information technology (IT) index moved up by 1.89% and BSE consumer durables (CD) index was up 1.66%. BSE TEck index, BSE Oil & Gas index, BSE health care (HC) and BSE Realty index also ended the day in positive. However, BSE Auto index closed in the red, down 0.96%.

Leading the upsurge in Sensex, Reliance Infra soared 6.83% at Rs846. BHEL advanced 6.04% at Rs1597.50, ITC rose 6% at Rs189.90, Wipro advanced 5.93% at Rs394.75, Cipla added 4.99% at Rs237.75, Reliance Communications jumped 4.83% at Rs468.15, Tata Steel gained 4.32% at Rs624.35 and ACC moved up 4.08% at Rs564.50. SBI, M&M, Hindalco, HDFC, ICICI Bank, TCS, L&T, Grasim and HUL also ended the day in positive territory with 2-3% each. However, Maruti Suzuki India dropped 9.29% at Rs587.95, JP Associates was down 4.26% at Rs159.45 while Bharti Airtel, DLF and Tata Motors also ended at lower levels.

On the volume front, over 2.21 crore Reliance Natural Resources Ltd (RNRL) shares changed hands on the BSE followed by IFCI (1.23 crore shares), Reliance Petroleum Ltd (RPL; 0.95 crore shares), Ispat Industries (0.72 crore shares) and JP Associates (0.65 crore shares). 

European Indices at 16:15 IST on 22-07-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5302.80

-101.50

-1.88

CAC 40 Index

4263.59

-63.55

-1.47

DAX Index

6347.40

-77.44

-1.21

Asian Indices at close on 22-07-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13184.96

381.26

2.98

Hang Seng Index

22527.48

-5.42

-0.02

Kospi Index

1561.23

-1.69

-0.11

Straits Times Index

2890.66

-28.55

-0.98

Jakarta Composite Index

2212.75

17.68

0.81

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