| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,458.33 | 4,160.10 | | High | 14,554.93 | 4,249.85 | | Low | 14,128.72 | 4,100.80 | | Today's Cls | 14,163.98 | 4,114.95 | | Prev Cls | 14,248.66 | 4,153.15 | | Change | -84.68 | -38.20 | | % Change | -0.59 | -0.92 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Omaxe | 299.85 | 9.37 | | ING Vysya Bank | 239.90 | 6.32 | | Birla Corporation | 262.05 | 5.88 | | Vijaya Bank | 51.00 | 4.72 | | Welspun Gujarat | 215.75 | 4.03 | | Losers | | Chambal Fertilisers | 44.70 | -9.79 | | Bongaigaon Refinery | 48.25 | -5.30 | | IDBI | 107.45 | -5.21 | | Fertilisers & Chemicals | 22.65 | -5.03 | | National Fertilisers | 32.50 | -4.97 | | | Market Statistics | | - | BSE | NSE | | Advances | 905 | 361 | | Declines | 1,702 | 736 | | Unchanged | 58 | 27 | | Volume(Nos) | 35.75cr | 52.97cr | | | | | | Market Commentary | | | Market slips on political uncertainties | | The market tumbled from higher levels and shed 85 points amid high volatile trades. | | The market rose more than 2% on expectations that the global credit problem and local political worries may get resolved very soon. | | | | The Sensex resumed with a gap of 209 points at 14,458 tracking positive global cues and rallied sharply to touch the day's high of 14,555. Cement stocks led the rally with banking and metal stocks. However, the market received a major hit in the afternoon as the central committee of CPI (M) announced the party politburo's opposition to the Indo-US nuclear deal and authorised it to do whatever it can to block the deal. Quickly the Sensex entered in to the negative territory but recovered soon. The market remained choppy thereafter and zigzagged between positive and negative territory. The Sensex finally closed the session at 14,164, down 85 points, while the Nifty ended the session at 4,115, down 38 points. | | | Movers & Shakers | - ICSA India tumbled despite receiving an order worth Rs18.60 crore from M P Paschim Kshetra Vidyut Vitaran Company Ltd.
- L&T gained marginally on receiving a repeat order from RollDock BV of Netherlands for the construction of two ships worth $70 million.
- ITD Cementation rallied sharply on bagging a contract from Delhi Metro Rail Corporation worth Rs893 crore.
- Sun TV Network slipped despite launching a radio station at Tirupati under the brand S FM.
| | | |
The breadth of the market was weak. Of the 2,665 stocks traded on the BSE, 1,702 stocks declined, 905 stocks advanced and 58 stocks ended unchanged. Almost all of the sectoral indices ended weak while, the BSE FMCG index bucked the trend and closed in the green. The BSE Bankex index lost 2.21%, the BSE Oil & Gas index declined by 1.68% and the BSE PSU shed 1.47%.
Several heavyweights took a sharp tumble on selling pressure. Cipla shed 4.41% at Rs168, ONGC tumbled by 3.07% at Rs784, SBI dropped 2.94% at Rs1,415 and Reliance Energy declined by 2.59% at Rs706. Among the other major losers ICICI Bank slumped by 2.47% at Rs826, HDFC Bank lost 1.74% at Rs1,100, TCS slipped by 1.64% at Rs1,008, Reliance communication dipped 1.64% at Rs487 and Tata Steel shed 1.60% at Rs560. Select counters, however, ended in the green. ACC advanced by 2.02% at Rs972, Ambuja Cement added 1.72% at Rs133, ITC gained 1.45% at Rs161, Maruti Udyog moved up 1.36% at Rs777 and Satyam Computer gained 1.25% at Rs423.
Banking stocks declined on sharp selling pressure. Kotak Bank tumbled by 3.48% at Rs626, Centurion Bank of Punjab dropped 2.76% at Rs37, Fedral Bank shed 2.67% at Rs304 and Punjab National Bank lost 2.58% at Rs452.
Over 2.11 crore Nagarjuna Fertilisers shares changed hands on the BSE followed by Asian Granito (1.42 crore shares), Tata Teleservices (1.39 crore shares), IFCI (1.19 crore shares) and SEL Manufacturing (1.11 crore shares).
Value wise, SEL Manufacturing registered a turnover of Rs197 crore on the BSE followed by Reliance Industries (Rs175 crore), Reliance Capital (Rs144 crore), Asian Granito (Rs133 crore) and SBI (Rs122 crore).
| | | | | | | | European Indices at 16:10 IST on 23-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6257.30 | 61.30 | 0.99 | | CAC 40 Index | 5578.42 | 60.25 | 1.09 | | DAX Index | 7577.46 | 76.98 | 1.03 | | | | | | | | | | | Asian Indices at close on 23-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16316.32 | 415.68 | 2.61 | | Hang Seng | 22966.97 | 620.09 | 2.77 | | Kospi Index | 1799.72 | 40.22 | 2.29 | | Straits Times | 3370.91 | 49.41 | 1.49 | | Jakarta Composite Index | 2117.66 | 54.67 | 2.65 | | | | | | | | To know more about our products and services, click here. | | | | | | | “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 | |
No comments:
Post a Comment