| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,071.81 | 3,764.50 | | High | 13,326.24 | 3,881.00 | | Low | 13,071.81 | 3,764.50 | | Today's Cls | 13,308.03 | 3,875.90 | | Prev Cls | 12,945.88 | 3,764.55 | | Change | 362.15 | 111.35 | | % Change | 2.80 | 2.96 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bank of India | 176.65 | 12.66 | | VSNL | 423.85 | 10.25 | | Canara Bank | 208.00 | 8.08 | | Tata Chemicals | 210.45 | 7.18 | | PNB | 482.70 | 6.91 | | Losers | | IBP | 405.35 | -3.25 | | HCL Infosystems | 131.20 | -2.24 | | Container Corporation | 1,869.05 | -1.74 | | Britannia Industries | 1,240.00 | -1.60 | | Procter & Gamble | 784.00 | -1.54 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,658 | 958 | | Declines | 933 | 468 | | Unchanged | 84 | 34 | | Volume(Nos) | 21.78cr | 37.90cr | | | | | | Market Commentary | | | Market rallies past 13300 | | The market rallied sharply for the fourth consecutive session on all-round buying and surged 362 points for the day. | | The market extended its winning streak for the fourth consecutive session. The Sensex has gained nearly 878 points in the last four sessions. | | | | The Sensex opened with a positive gap of 126 points and regained the 13000 mark. The index climbed over 300 points in early trades on buying across sectors and heavy short covering in the derivatives segment triggered by firm Asian markets. The US Federal Reserve’s decision not to change the interest rates was another factor that kept the market firm. The market remained buoyant amid range-bound moves in the afternoon. Sustained buying in banking, capital goods and auto stocks lifted the Sensex to an intra-day high of 13326 towards the close. The Sensex finally ended the session with gains of 362 points at 13308. The Nifty gained 111 points and closed at 3876. | | | Movers & Shakers | - Pfizer rose after posting a 14% increase in its net profits for the quarter ended February 28, 2007 from a year ago.
- Punj Lloyd notched up gains after receiving the prestigious Uran-Trombay Gas (UTG) pipeline project on an EPC basis from ONGC.
- Reliance Industries surged on reports that the company and Rohm and Haas have signed a memorandum of understanding to jointly construct a world-scale acrylic-monomer complex at Jamnagar.
- Micro Technologies India advanced on reports that it has inaugurated its 50th Micro Shoppe in Navi Mumbai.
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The breadth of the market was positive. Of the 2,675 stocks traded on the BSE, 1,658 stocks advanced, 933 stocks declined and 84 stocks ended unchanged. Among the sectoral indices the BSE Bankex notched up gains of 4.22% at 6822 followed by the BSE CG Index (up 3.90% at 8986), the BSE PSU Index (up 3.08% at 5909) and the BSE Auto Index (up 3.02% at 5042).
Barring a few counters, most of the heavyweights ended at higher levels. In the banking space Bank of India soared 12.66% at Rs177, Canara Bank rose 8.08% at Rs208 and Punjab National Bank was up 6.91% at Rs483. Among the Sensex gainers BHEL surged 6.04% at Rs2,230, HDFC Bank jumped 5.93% at Rs1,023, Maruti Udyog added 4.95% at Rs831, ONGC gained 4.87% at Rs852, SBI advanced 4.72% at Rs1,029 and L&T was up 4.72% at Rs1,572. Hero Honda, Reliance Communications, Tata Motors and Satyam Computers gained 3-4% each. However, Grasim shed 1.18% at Rs2,081. Cement stocks slipped from the day's high after the finance minister asked cement manufacturers to come up with proposals to moderate cement prices. Gujarat Ambuja gained 1.36% at Rs108. ACC at Rs753 and India Cements at Rs166 closed with marginal gains. Capital goods stocks notched up significant gains during the day. Areva surged 8.32% at Rs1,121, Siemens added 4.82% at Rs1,104, Greaves Cotton rose 4.01% at Rs337, Gammon India jumped 4% at Rs299, Jyoti Structures advanced 3.96% at Rs177, Thermax gained 3.90% at Rs374, Crompton Greaves was up 2.94% at Rs190 and Triveni Engineering gained 2.64% at Rs49. Over 49.93 lakh Idea Cellular shares changed hands on the BSE followed by Welspun Gujarat (34.48 lakh shares), Reliance Petro (29.66 lakh shares), Gujarat Ambuja Cement (28.27 lakh shares) and ITC (27.98 lakh shares). Value-wise SBI registered a turnover of Rs111 crore on the BSE followed by Reliance Communications (Rs109 crore), Reliance Industries (Rs99 crore), BHEL (Rs65 crore) and Century Textiles (Rs53 crore). | | | | | | | | European Indices at 16:35 IST on 22-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6290.80 | 34.00 | 0.54 | | CAC 40 Index | 5567.22 | 65.04 | 1.18 | | DAX Index | 6830.03 | 117.97 | 1.76 | | | | | | | | | | | Asian Indices at close on 22-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17419.20 | 256.00 | 1.49 | | Hang Seng Index | 19690.25 | 173.84 | 0.89 | | Kospi Index | 1448.53 | 5.68 | 0.39 | | Straits Times Index | 3219.51 | 63.82 | 2.02 | | Jakarta Composite Index | 1809.07 | 29.83 | 1.68 | | | | | | | | | | | | “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.
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