Sensex

Tuesday, March 20, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated March 20, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Tuesday, March 20, 2007 4:44 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 20, 2007

 
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March 20, 2007
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

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