| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,568.22 | 4,246.70 | | High | 14,979.90 | 4,491.55 | | Low | 14,568.22 | 4,246.70 | | Today's Cls | 14,942.28 | 4,476.80 | | Prev Cls | 14,104.20 | 4,240.10 | | Change | 838.08 | 236.70 | | % Change | 5.94 | 5.58 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | RNRL | 90.25 | 22.71 | | Godrej Industries | 171.75 | 19.98 | | Maytas Infra | 494.25 | 19.80 | | RPower | 170.95 | 19.75 | | Phoenix Mills | 138.35 | 18.76 | | Losers | | Cairn India | 220.25 | -2.50 | | Cipla | 232.50 | -2.21 | | Bajaj Holdings | 399.15 | -1.05 | | GSK Pharma | 1,108.55 | -0.89 | | HUL | 231.05 | -0.65 | | | Market Statistics | | - | BSE | NSE | | Advances | 2,270 | 1,115 | | Declines | 436 | 113 | | Unchanged | 53 | 12 | | Volume(Nos) | 43.88cr | 84.65cr | | | | | | Market Commentary | | | Market extends its winning streak | | Sensex maintained its upward bias for the fifth straight session and gained 838 points at close. | | The market extended its winning streak for the fifth consecutive session, as firm Asian indices and strong buying in frontline stocks helped the sentiment remain bullish for the better part of the trading session. | 
| | | After accumulating over 1,500 points in the last four sessions, Sensex opened well above its previous close and rallied sharply above 13,800. While, the market remained above 14,800 mark in the first half, it gained further as buying continued and touched the intrude high of 14,980, up 876 points. However, the Sensex finally ended the session with a gain of 838 points at 14,942, while Nifty added 237 points to close at 4,477. | | | Movers & Shakers | - Valencia Engineering surged sharply on report that the company has received projects worth Rs133.00 crore.
- J Kumar Infraprojects hit the upper circuit on recommending a dividend of 15% for the FY2007-2008.
- Cochin Minerals jumped on reports that the company has recommended dividend of 12% on the paid-up capital of the company.
| | | |
The market breadth was extremely positive. Of the 2,759 stocks traded on the BSE, 2,270 stocks advanced, 436 stocks declined and 53 stocks ended unchanged. Among the sectoral indices, BSE Banked jumped 9.99% at 7,292 followed by BSE CG index (up 8.18% at 12,340), BSE Realty index (up 8.08% at 5,199) and BSE Power index (up 7.74% at 2,707).
Most of the heavyweights ended with solid gains, however, select frontline stocks closed with marginal losses. Among the blue chips, Reliance Communications shot up by 12.20% at Rs525.25, ICICI Bank soared 11.64% at Rs738.25, BHEL surged 10.92% at Rs1,772, HDFC gained 10.92% at Rs2,380, SBI moved up 10.45% at Rs1,543 and Reliance Infra advanced by 10.36% at Rs1,014.50. HDFC Bank added 9.57% at Rs1,205.75, DLF moved up 9.12% at Rs495.55, JP Associates scaled up 8.37% at Rs172.80 and L&T was up 7.58% at Rs2,766.65. Among the laggards Cipla dropped 2.21% at Rs232.50 and HUL slipped 0.65% at Rs228.15.
Banking stocks closed with strong gains. Yes Bank vaulted 16.76% at Rs140, Karnataka Bank soared 14.68% at Rs142.60, Kodak Bank surged 13.46% at Rs578.80, Federal Bank gained 12.55% at Rs202.30 and Canara Bank advanced by 10.22% at Rs188.75.
Over 5.55 crore Reliance Natural Resources Ltd (RNRL) shares changed hands on the BSE followed by IFCI (2.13 crore shares), Reliance Petroleum (1.69 crore shares), Ispat Industries (1.42 crore shares), Reliance Power (1.39 crore shares) and IDFC (1.06 crore shares).
RNRL clocked a turnover of Rs480 crore on the BSE followed by Reliance Capital (Rs476 crore), Reliance Petroleum (Rs286 crore), Reliance Industries (Rs278 crore) and Reliance Communications (Rs259 crore).
| | | | | | | | European Indices at 16:09 IST on 23-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5441.60 | 77.50 | 1.44 | | CAC 40 Index | 4389.66 | 62.40 | 1.44 | | DAX Index | 6520.05 | 77.26 | 1.20 | | | | | | | | | | | Asian Indices at close on 23-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13312.93 | 127.97 | 0.97 | | Hang Seng Index | 23134.55 | 607.07 | 2.69 | | Kospi Index | 1591.76 | 30.53 | 1.96 | | Straits Times Index | 2978.98 | 88.32 | 3.06 | | Jakarta Composite Index | 2225.84 | 13.09 | 0.59 | | | | | | | | 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.
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