| | Index Performance | Index | Sensex | Nifty | Open | 13,256.81 | 3,765.70 | High | 13,524.77 | 3,855.05 | Low | 13,239.79 | 3,763.50 | Today's Cls | 13,487.16 | 3,843.05 | Prev Cls | 13,181.34 | 3,765.20 | Change | 305.82 | 77.85 | % Change | 2.32 | 2.07 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | RCF | 38.40 | 9.56 | Punj Lloyd | 1,013.25 | 8.53 | Bombay Dyeing | 719.40 | 8.11 | Alok Industries | 71.20 | 7.47 | Bank of India | 185.00 | 7.25 | Losers | Torrent Pharma | 191.15 | -3.17 | GSK Pharma | 1,110.00 | -2.63 | EIH | 101.60 | -1.93 | SAIL | 79.75 | -1.60 | Godrej Consumer | 156.20 | -1.45 | | Market Statistics | - | BSE | NSE | Advances | 2,063 | 1,069 | Declines | 478 | 237 | Unchanged | 55 | 16 | Volume(Nos) | 19.44cr | 28.03cr | | | | | Market Commentary | | Buoyancy lifts Sensex to cross 13500 mark | The Sensex maintained its upward bias for the second straight session and gained 306 points to close at 13487. | Today was the decisive day for the market as to see weather the bears are tightening their grip or bull run is still there. After opening with a positive gap | | | of 75 points the Sensex rallied past to close the session at 13487 with the gains of 306 points. Buoyancy among heavyweights, consumer durables, banking, IT and tech stocks kept the sensex moving upwards throughout the session. However, profit booking in some of the consumer goods and banking stocks in the closing session saw the Sensex to slip the days high of 13525. While the Nifty added 78 points to close at 3843.
The breadth of the market was positive. Of the 2,596 stocks traded on the BSE, 2,063 stocks advanced, 478 stocks declined and 55 stocks ended unchanged. Among the sectoral indices the BSE CD index jumped 3.97% at 3,337 followed by the BSE Teck index (up 2.71% at 3,553), the BSE IT index (up 2.69% at 5128) and the BSE Bankex index (up 2.58% at 6899). | | Movers & Shakers | - Punj Lloyd notched up gains on setting up a new company for carrying out back-office engineering activities for the Punj Lloyd group in India.
- Larsen & Toubro moved up on receiving a major contract worth US$86 million from the leading Chinese petrochemical company, Sinopec.
- Elder Pharmaceuticals gained marginally on the reports that the company has entered into an agreement for the marketing of an osteoporosis drug, "Bonviva", manufactured by F Hoffmann La Roche.
- JB Chemicals & Pharmaceuticals moved up on signing an agreement to make a strategic investment of $5.1 million in Biotech Laboratories (Pty) Ltd, South Africa.
| | | Barring a few select counters, most of the heavyweights ended at higher levels. Among the blue chips ICICI Bank shot up by 4.69% at Rs869, Satyam Computers soared 4.46% at Rs468, CIPLA surged 4.05% at Rs248, NTPC advanced by 4% at Rs146, HLL added 3.65% at Rs227, Reliance Energy moved up 3.28% at Rs532, Gujrat Ambuja scaled up 3.28% at Rs139 and Reliance Communication was up 3.28% at Rs447. Among the laggards Hero Honda dropped 0.75% at Rs713 and SBI shed 0.42% at Rs1223.
Consumer durables stocks were in the limelight and closed with strong gains. Titan Industries vaulted 6.17% at Rs753, Lloyd electric soared 5.72% at Rs148, Gitanjali Gems surged 5.08% at Rs199 and Rajesh Exports advanced by 5% at Rs330. Videocon Industries, Goldiam International, and Blue star gained 1-3% each. Among the IT stocks HCL Tech, Mphasis BFL, Satyam computers, Hexaware and wipro gained 2-6% each.
Tata steel clocked a turnover of Rs117 crore on the BSE followed by Reliance Industries (Rs117 crore), Parsvanath (Rs110 crore), Century Textile (Rs109 crore) and Unitech (Rs107 crore).
| | | | | | | | European Indices at 16:35 IST on 14-12-2006 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 6211.10 | 18.60 | 0.30 | CAC 40 Index | 5497.12 | 21.27 | 0.39 | DAX Index | 6535.01 | 14.24 | 0.22 | | | | | | | | | | | Asian Indices at close on 14-12-2006 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 16829.20 | 136.27 | 0.82 | Hang Seng Index | 18919.40 | 201.21 | 1.07 | Kospi Index | 1418.38 | 35.10 | 2.54 | Straits Times Index | 2916.28 | 32.13 | 1.11 | Jakarta Composite Index | 1767.80 | 14.00 | 0.80 | | | | | | | | | | | “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
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