Sensex

Thursday, December 07, 2006

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated December 07, 2006

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Thursday, December 07, 2006 5:15 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 07, 2006

 
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December 07, 2006
Index Performance
Index

Sensex

Nifty
Open 13,962.94 4,015.00
High 14,002.72 4,027.70
Low 13,915.74 4,001.40
Today's Cls 13,972.03 4,015.35
Prev Cls 13,949.00 4,015.95
Change 23.03 -0.60
% Change 0.17 -0.01
 

Market Indicators
Top Movers (Group A)
Company Price 
(Rs)
%
chg

Gainers

iGate Global 260.10 7.28
IndusInd Bank 48.40 6.02
ABB 3,887.65 5.70
Adani Enterprises 232.50 4.99
BEL 1,241.15 4.78

Losers

Sterling Biotech 176.05 -4.01
Indorama Synthetics 51.05 -3.68
Tata Elxsi 250.30 -3.21
Asian Paints 700.00 -2.63
Nestle 1,108.00 -2.39
Market Statistics
- BSE NSE
Advances 1,302 626
Declines 1,293 720
Unchanged 61 33
Volume(Nos) 22.11cr

25.00cr

 Market Commentary 
Sensex closes in positive territory
The Sensex ended the trading session in positive territory amid considerable volatility.
The market displayed a volatile trend with alternate bouts of buying and selling. The Sensex opened with a positive gap of 14 points and moved up initially to touch    
an intra-day high of 14003. However the sentiment turned bearish in the afternoon and the index dipped to the day's low of 13916. The Sensex recouped its losses on selective buying interest and ended the trading session at 13972, up 23 points. The Nifty was down a point at 4015. The market breadth was marginally positive on the BSE. Of the 2,656 stocks traded, 1,302 stocks advanced, 1,293 stocks declined and 61 stocks ended unchanged.

The sectoral indices were mixed. Among the gainers the BSE CG index was up 1.14%. The BSE Auto index, the BSE Bankex, the BSE CD index, the BSE Metal index, the BSE Oil & Gas index and the PSU index closed in positive territory. However, the BSE FMCG index, the BSE HC index, the BSE IT index and the BSE Teck index exhibited weakness.

Among the Sensex stocks Hindalco surged 3.21% at Rs183, NTPC gained 2.43% at Rs152, Reliance Industries jumped 1.61% at Rs1,301, Tata Motors added 1.32% at Rs892, HDFC Bank advanced 1.21% at Rs1,102 and BHEL was up 1.07% at Rs2,649. ICICI Bank, HLL, Satyam Computers and SBI reported steady gains. However, Hero Honda dropped 2.29% at Rs750, HDFC shed 1.51% at Rs1,566, Reliance Communication dropped 1.34% at Rs456, Bharti Airtel dipped 1.32% at Rs638 and ACC was down 1.03% at 1,133. Infosys, Ranbaxy, Wipro, Bajaj Auto and ITC closed with marginal losses.

Movers & Shakers

  • GE Shipping closed with marginal losses despite signing a contract to buy a 29,998dwt product tanker. 
  • Bharti Airtel slipped despite launching Airtel CallHome service for the non-resident Indians based in the USA. 
  • Glenmark Pharma closed in the red despite the company's subsidiary signing a supply and marketing agreement with Lehigh Valley Technologies, Inc. 
  • Mazda moved up on bagging an order worth Rs1.75 crore
    to supply multi-stage ethylene glycol vacuum systems to Jindal Polyfilms. 
  • Satyam gained marginally on launching a 2,000-seater software engineering global delivery campus in Malaysia.


Among the other stocks i-Gate Global surged 7.28% at Rs260, IndusInd Bank soared 6.02% at Rs48 and ABB advanced 5.70% at Rs3,889. Adani Enterprises, Bharat Electricals, Jaiprakash Associates and Kotak Bank gained around 4% each. 

Gujarat Themis Biosyn at Rs14.27 and Cyber System at Rs12.41 hit the lower circuit on the BSE. On the other hand Adani Enterprises at Rs232.50 hit the upper circuit.

Over 39.08 lakh Ashok Leyland shares changed hands on the BSE followed by Sterlite Biotech (36.43 lakh shares), Hindalco (15.94 lakh shares), Parsvnath (15.66) and Lanco Infra (15.73 lakh shares).

European Indices at 16:55 IST on 07-12-2006
Index Level Change (pts) Change (%)
FTSE 100 Index 6116.10 25.80 0.42
CAC 40 Index 5358.75 8.13 0.15
DAX Index 6386.44 16.93 0.27
Asian Indices at close on 07-12-2006
Index Level Change (pts) Change (%)
Nikkei 225 16473.36 102.08 0.62
Hang Seng Index 18842.99 -183.37 -0.96
Kospi Index 1410.30 -3.43 -0.24
Straits Times Index 2901.80 6.78 0.23
Jakarta Composite Index 1782.12 -2.31 -0.13

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Regards

BigGains !!
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