Sensex

Tuesday, August 05, 2008

DG - FW: Sharekhan Post-Market Report dated August 05, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 05 August 2008 16:47
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 05, 2008

 

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August 05, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,562.68

4,395.80

High

14,986.63

4,515.15

Low

14,529.21

4,376.00

Today's Cls

14,961.07

4,502.85

Prev Cls

14,577.87

4,395.35

Change

383.20

107.50

% Change

2.63

2.45

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indian Bank

118.10

11.63

Phoenix Mills

201.70

9.98

Ashok Leyland

31.85

9.83

Bajaj Holdings

375.20

9.29

HCL Tech

240.45

9.25

Losers

Sterlite Industries

581.75

-6.76

Sesa Goa

3336.75

-5.95

Gujarat NRE Coke

103.85

-5.93

Maytas Infra

419.40

-5.17

Cairn India

232.85

-4.08

Market Statistics

-

BSE

NSE

Advances

1,779

845

Declines

923

356

Unchanged

65

33

Volume(Nos)

44.36cr

75.86cr

 Market Commentary 

Sensex gains amid sharp volatility 

The Sensex witnessed sharp intra-day swings and gained 383 points on selective buying in index pivotal stocks.

The Sensex seems to be determined to make new highs in every session as bulls eye the 15,000 mark.But today's rally was mainly backed by the upsurge in few select heavyweight stocks.

 

Tracking negative global cues, the Sensex opened 12 points lower and immediately touched the day’s low at 14,529. The strong bearish sentiment kept the Sensex in negative and positive territory throughout the trading session, but a bout of buying in banking and realty stocks catapulted the index to the day's high of 14,987 in the late afternoon. The Sensex finally ended the session at 14,961, up 383 points. The Nifty closed 108 point up at 4,503.

The breadth of the market was positive. Of the 2,767 stocks traded on the BSE, 1,779 (~64%) stocks advanced, 923 (~33%) stocks declined and 65 (~2%) stocks ended unchanged. On the sectoral front, BSE Bankex was up 6.65% at 7,218, BSE Realty index gained 6.56% at 5,575, while the BSE Auto index, BSE Power index, BSE PSU index, BSE CG index, BSE Teck index, BSE FMCG index, BSE IT index, BSE Oil & Gas index and BSE HC index were up by around 1-4% each.

Action in select index heavyweights lifted the market. ICICI Bank led the pack and shot up by 8.24% to Rs693.30. DLF soared 7.66% at Rs553.15, Maruti Suzuki India surged 7.38% at Rs614.40, HDFC Bank flared up by 6.83% at Rs1,184.35, Grasim Industries jumped by 6.56% at Rs2,018.60, JaiPrakash Associates added 6.05% at Rs185.05, Mahindra & Mahindra advanced by 5.46% at Rs548 and ACC moved up by 5.18% at Rs616.15. However Sterlite Industries slipped 6.76% at Rs575.05, Tata Steel fell by 2.28% at Rs675.95, Tata Power lost 1.61% at Rs1,101.35 and Ranbaxy Laboratories was down 1.52% at Rs516.05.

Over 2.74 crore shares of Reliance Natural Resources changed hands on the BSE followed by Ispat Industries (2.07 crore shares), IFCI (1.26 crore shares) and Reliance Petroleum (1.02 crore shares).

European Indices at 16:05 IST on 05-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5404.10

83.90

1.58

CAC 40 Index

4339.59

58.96

1.38

DAX Index

6490.04

140.23

2.21

Asian Indices at close on 05-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12914.66

-18.52

-0.14

Hang Seng Index

21949.75

-565.17

-2.51

Kospi Index

1535.54

-7.51

-0.49

Straits Times Index

2860.51

-15.57

-0.54

Jakarta Composite Index

2185.61

-42.05

-1.89

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