Sensex

Friday, January 19, 2007

Fwd: $$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated January 19, 2007



---------- Forwarded message ----------
From: RoHiT <justrohit@gmail.com>
Date: Jan 19, 2007 6:29 PM
Subject: $$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated January 19, 2007
To: DreamGains <dreamgains@yahoogroups.com>

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Friday, January 19, 2007 4:52 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 19, 2007

 
 Sharekhan's daily newsletter Visit us at www.sharekhan.com
 
January 19, 2007


Index Performance
Index

Sensex

Nifty
Open 14,271.24 4,126.00
High 14,300.11 4,137.15
Low 14,067.52 4,058.35
Today's Cls 14,182.71 4,090.15
Prev Cls 14,217.75 4,109.05
Change -35.04 -18.90
% Change -0.25 -0.46
 

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

Gainers

Micro Inks 405.45 8.24
MTNL 169.85 5.30
Titan 935.95 4.85
ING Vysya Bank 170.80 4.66
Kotak Bank 446.30 4.57

Losers

CMC 1,097.15 -5.34
Exide Industries 41.70 -5.33
Satyam Computer 487.90 -5.30
MIRC Electronics 20.00 -4.53
Rolta India 309.60 -4.34

Market Statistics
- BSE NSE
Advances 1,008 238
Declines 1,619 762
Unchanged 44 11
Volume(Nos) 35.07cr

42.19cr


 Market Commentary 

Weak heavyweights drag down the market
The weakness in heavyweight, information technology and pharma stocks saw the Sensex close with losses of 35 points.
After adding 53 points in early trades, the Sensex eased and slipped further in the afternoon on the back of weak Asian indices. Profit booking in the heavyweights    
Satyam Computers, Ranbaxy and Wipro triggered a major slump and the Sensex slipped to the day's low of 14068. Select buying towards the close saw the Sensex pare some losses and end the session at 14183, down 35 points. The Nifty shed 19 points and closed at 4090.

The market breadth was weak. Of the 2,671 stocks traded on the BSE, 1,619 stocks declined, 1,008 stocks advanced and 44 stocks ended unchanged. Among the sectoral indices the BSE IT index shed 1.82% at 5310 while the BSE Auto index declined 1.29% at 5620. However, the BSE FMCG index and the BSE Bankex were up 0.81% and 0.28% respectively.

Movers & Shakers

  • Orchid Chemicals & Pharmaceuticals closed on a weak note after its Q3 net profit slipped by 2%.
  • Dabur India slipped despite the group posting a growth of 22% in its Q3 net profit.
  • Dena Bank closed in the red after its Q3 net profit declined by 18%.
  • i-flex Solutions was down despite the group posting a 131% growth in its Q3 net income.


Select heavyweights declined sharply on strong selling pressure. Satyam Computers tanked 5.30% at Rs488, Ranbaxy dropped 3.66% at Rs414, Wipro fell 3.07% at Rs621, Reliance Energy shed 2.58% at Rs515, Cipla declined 2.23% at Rs253, Bajaj Auto dipped 1.94% at Rs2,730 and Tata Steel slumped 1.67% at Rs468. BHEL, TCS, L&T and NTPC shed over 1% each. Among the select gainers Reliance Communication advanced 2.34% at Rs447, Gujarat Ambuja Cements added 2.17% at Rs148, ITC gained 2.04% at Rs175 and ICICI Bank was up 1.41% at Rs986.

Select information technology and pharma stocks witnessed considerable selling pressure. Tech Mahindra slumped 6.82% at Rs1,771 and Financial Technologies declined 3.50% at Rs1,801. Among the pharma stocks Nicholas Piramal lost 2.33% at Rs266, Lupin fell 2.17% at Rs562 and Orchid Chemicals was down 1.96% at Rs208.

However, select FMCG stocks attracted buying support. Nestle gained 3.52% at Rs1,123, Proctor & Gamble moved up by 2.33% at Rs912 and ITC added 2.04% at Rs175. 

Over 41.47 lakh MTNL shares changed hands on the BSE followed by Satyam Computers (26.92 lakh shares), IDBI (25.04 lakh shares), Dena Bank (22.37 lakh shares) and Ashok Leyland (21.63 lakh shares).

Value-wise Reliance Industries registered a turnover of Rs176 crore on the BSE followed by Satyam Computers (Rs131 crore), MTNL (Rs68.64 crore) and Reliance Communication (Rs65.25 crore). 






European Indices at 16:08 IST on 19-01-2007


Index Level Change (pts) Change (%)
FTSE 100 Index     6,192.80 -17.50 -0.28
CAC 40 Index     5,547.48 -7.56 -0.14
DAX Index     6,669.34 -20.28 -0.30








Asian Indices at close on 19-01-2007


Index Level Change (pts) Change (%)
Nikkei 225 17310.44 -60.49 -0.35
Hang Seng Index 20327.72 50.21 0.25
Kospi Index 1360.56 -22.65 -1.64
Straits Times Index 3072.88 11.23 0.37
Jakarta Composite Index 1795.56 17.85 1.00








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