| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,951.09 | 4,016.00 | | High | 14,035.30 | 4,036.20 | | Low | 13,847.67 | 3,982.50 | | Today's Cls | 13,949.00 | 4,015.95 | | Prev Cls | 13,937.65 | 4,015.75 | | Change | 11.35 | 0.20 | | % Change | 0.08 | 0.00 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Ispat Industries | 12.01 | 7.33 | | Adani Enteprises | 221.45 | 4.98 | | Sterling Biotech | 183.40 | 4.26 | | IDBI | 82.55 | 4.23 | | HCL Infosys | 170.70 | 3.30 | | Losers | | Dena Bank | 36.70 | -4.92 | | Suzlon Energy | 1,369.25 | -4.15 | | Sun TV | 1,403.05 | -3.84 | | IndusInd Bank | 45.65 | -3.79 | | Mphasis BFL | 255.65 | -3.73 | | | Market Statistics | | - | BSE | NSE | | Advances | 945 | 413 | | Declines | 1,638 | 964 | | Unchanged | 61 | 28 | | Volume(Nos) | 28.23cr | 30.81cr | | | | | | Market Commentary | | | Market ends flat amid volatility | | After an intra-day swing of 187 points, the Sensex ended with marginal gains. | | The market saw high volatility as stocks gyrated between zones throughout the trading session with the Sensex witnessing an intra-day swing of 187 | | | points. The Sensex began the trading session with a positive gap of 13 points at 13951 and rallied sharply above the 14000 level to touch an intra-day high of 14035. Selling pressure at higher levels saw the index plunge deep into the red and slip below the 13850 mark to a low of 13848. The Sensex managed to erase its losses and closed with gains of 11 points at 13949. The Nifty ended flat at 4016.
The breadth of the market was negative. Of the 2,644 stocks traded on the BSE 1,638 stocks declined, 945 stocks advanced and 61 stocks ended unchanged.
Among the sectoral indices the BSE CD index shed 2.47%, the BSE HC index declined 0.72% and the BSE Auto index was down 0.69%. The BSE FMCG index, the BSE PSU index, the BSE CG index, the BSE Oil & Gas index and the BSE Metal index closed with losses.
Selective buying helped the index overcome its losses. Ranbaxy gained 1.58% at Rs391, BHEL advanced 1.46% at Rs2,621 and Bharti Airtel added 1.25% at Rs647. ICICI Bank, Reliance Communications, ONGC, TCS, Satyam and HDFC Bank notched up steady gains. | | | Movers & Shakers | - Infotrek Syscom flared up on reports that the company and Global Electrical Electronic Processing Inc plan to start an e-waste management project in Navi Mumbai.
- Ispat moved up on reports that it has entered into a Memorandum of Understanding with the government of Maharashtra for increasing the capacity for manufacturing steel at Dolvi in the district of Raigad of Maharashtra.
- Yes Bank advanced on reports that the bank will provide financial services to under-banked sections of the Indian population through "Yes Microfinance".
- Satyam was up marginally on starting a dedicated offshore development centre to enhance Sony Europe's IT development capacity.
- DHP gained as the company has entered into a marketing tie-up with a US-based company.
| | | |
Selling was evident in select heavyweights. Reliance Energy dropped 2.34% at Rs540, Cipla declined 1.76% at Rs248, ACC tumbled 1.67% at Rs1145, ITC shed 1.45% at Rs188, Gujarat Ambuja dipped 1.16% at Rs140, Dr Reddy’s was down 1.14% at Rs757 and NTPC shed 1% at Rs148. Rajesh Exports dipped 5.91% at Rs267, Gitanjali dropped 4.08% at Rs221 and Blue Star declined 3.63% at Rs176. Titan Industries, Videocon Industries and Goldiam were down 0.50-2% each.
Over 36.88 lakh Parsvanath shares changed hands on the BSE followed by SAIL (27.39 lakh shares), Adani Enterprises (24.70 lakh shares), Lanco (21.01 lakh shares) and Ispat Industries (19.97 lakh shares).
Value-wise Parsvanath clocked a turnover of Rs192.15 crore on the BSE followed by Reliance Industries (Rs123.74 crore), Century Textiles (Rs87.93 crore), Tata Steel (Rs76.83 crore) and Reliance Communication (Rs60.84 crore).
| | | | | | | | European Indices at 15:48 IST on 06-12-2006 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6103.50 | 17.10 | 0.28 | | CAC 40 Index | 5364.47 | 4.78 | 0.09 | | DAX Index | 6377.67 | 4.87 | 0.08 | | | | | | | | | | | Asian Indices at close on 06-12-2006 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16371.28 | 105.52 | 0.65 | | Hang Seng Index | 19026.36 | 82.17 | 0.43 | | Kospi Index | 1413.73 | -6.86 | -0.48 | | Straits Times Index | 2895.02 | -6.97 | -0.24 | | Jakarta Composite Index | 1784.43 | 7.67 | 0.43 | | | | | | | | | | | | “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
| |
No comments:
Post a Comment