| | Index Performance | Index | Sensex | Nifty | Open | 12746.94 | 3680.35 | High | 12798.80 | 3725.00 | Low | 12674.77 | 3676.65 | Today's Cls | 12705.94 | 3697.60 | Prev Cls | 12644.99 | 3678.90 | Change | 60.95 | 18.70 | % Change | 0.48 | 0.51 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | Corporation Bank | 246.65 | 12.11 | Jet Airways | 633.65 | 8.56 | India Cements | 172.80 | 6.50 | Bank of India | 152.00 | 6.29 | Ranbaxy | 336.35 | 6.15 | Losers | Rolta India | 354.10 | -3.44 | Ingersoll Rand | 285.55 | -2.96 | Finolex Cable | 85.55 | -2.56 | JSW Steel | 453.05 | -2.43 | Century Enka | 126.95 | -2.42 | | Market Statistics | - | BSE | NSE | Advances | 1,367 | 576 | Declines | 1,201 | 450 | Unchanged | 67 | 29 | Volume(Nos) | 18.01cr | 29.50cr | | | | | Market Commentary | | Market up amid lacklustre trades | The Sensex ended the trading session with moderate gains amid thin volumes. | The market gained 61 points during the day amid lacklustre trades. The sentiment was positive for the second consecutive session as the rupee appreciated to an | | | 18-month high against the dollar and remained positive on expectations of renewed capital inflows. The Sensex rose over 1% in early trades on firm Asian markets, which were up on Bank of Japan’s decision not to raise interest rates. The market remained range-bound thereafter. In the afternoon, selling intensified in some of the front-line stocks that saw the Sensex shed its early gains and touch the day's low of 12675, down 120 points from the day's high. Selective buying in banking, pharma and cement stocks towards the close lifted the Sensex to an intra-day high of 12799. The Sensex finally closed with gains of 61 points at 12706. The Nifty added 19 points and closed at 3698.
The breadth of the market was positive on the BSE. Of the 2,635 stocks traded, 1,367 stocks advanced, 1,201 stocks declined and the remaining stocks ended unchanged. Except the BSE IT Index and the BSE Teck Index all the sectoral indices ended with gains. The BSE Bankex added 1.18% at 6291 and the BSE HC Index gained 1.13% at 3525. The BSE CG Index, the BSE Metal Index, the BSE PSU Index and the BSE Oil & Gas Index ended with marginal gains. | | Movers & Shakers | - Diamond Cables rallied sharply on reports that it has acquired Western Transformers to augment its capacity to 10,000MVA per annum.
- NIIT closed in the red despite signing an agreement with EMC to develop a resource base of trained and certified information storage programme professionals.
- EPIC Energy slipped despite acquiring Hydragen Infrastructures Pvt Ltd, a Bangalore-based energy saving devices company.
- IVRCL Infrastructures & Projects jumped on receiving an allotment of 33 acres of land from Noida for group housing.
- Wockhardt registered marginal gains on getting the US FDA approval to market a painkiller in the USA.
| | | Among the gainers Ranbaxy surged 6.15% at Rs336, Reliance Energy gained 4.09% at Rs476, Grasim jumped 4.02% at Rs2,124, Gujarat Ambuja added 3.36% at Rs111, Hindalco advanced 3.30% at Rs133, HDFC Bank was up 2.97% at Rs954 and Satyam Computers advanced 2.84% at Rs446. However, BHEL dropped 1.70% at Rs2,044, Infosys shed 1.55% at Rs2,054, Wipro dipped 1.35% at Rs571 and Tata Steel declined 1.31% at Rs424. Hero Honda, ITC, NTPC, TCS, Bajaj Auto and ONGC closed with marginal losses.
Over 31.13 lakh Idea Cellular shares changed hands on the BSE followed by IDBI (26.97 lakh shares), ITC (25.27 lakh shares) and Orchid Chemicals (21.76 lakh shares).
Value-wise Reliance Communications registered a turnover of Rs85 crore on the BSE followed by Reliance Capital (Rs69 crore), Orchid Chemicals (Rs57 crore), SBI (Rs52 crore) and Reliance Industries (Rs52 crore).
| | | | | | | | European Indices at 16:23 IST on 20-03-2007 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 6188.00 | -1.40 | -0.02 | CAC 40 Index | 5438.55 | -20.40 | -0.37 | DAX Index | 6652.00 | -19.41 | -0.29 | | | | | | | | | | | Asian Indices at close on 20-03-2007 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 17163.20 | 153.65 | 0.90 | Hang Seng Index | 19356.90 | 90.16 | 0.47 | Kospi Index | 1444.17 | 0.78 | 0.05 | Straits Times Index | 3116.88 | 3.49 | 0.11 | Jakarta Composite Index | 1775.42 | -2.47 | -0.14 | | | | | | | | | | | “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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