| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,535.35 | 4,479.60 | | High | 15,580.86 | 4,507.75 | | Low | 15,407.00 | 4,458.55 | | Today's Cls | 15,446.15 | 4,475.85 | | Prev Cls | 15,465.40 | 4,479.25 | | Change | -19.25 | -3.40 | | % Change | -0.12 | -0.08 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Escorts | 105.55 | 11.63 | | GIPCL | 69.95 | 8.62 | | MIRC | 19.05 | 6.13 | | Exide Industries | 64.45 | 4.88 | | iGate Global | 233.00 | 4.70 | | Losers | | Ispat Industries | 18.75 | -3.35 | | Dena Bank | 61.65 | -3.22 | | Adani Enterprises | 351.20 | -2.90 | | Tata Elxsi | 306.50 | -2.74 | | Finolex Cables | 76.15 | -2.56 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,436 | 528 | | Declines | 1,298 | 599 | | Unchanged | 59 | 30 | | Volume(Nos) | 36.69cr | 53.16cr | | | | | | Market Commentary | | | Market cools, sheds 19 points | | Heavy selling in oil, capital goods and metal stocks triggered a major sell-off and the Sensex shed 19 points during the day. | | The market failed to hold on to its first-half gains and buckled under sustained selling pressure in noon trades, | | | | with the index gyrating over 170 points during intra-day trades. Taking cues from positive Asian indices in early trades, the Sensex opened higher at 15,535 and touched the day's high of 15,581 quickly, but sustained selling in index heavyweights dragged the Sensex into the negative territory by afternoon. After zigzagging between the positive and negative territory thereafter, the market gained momentum in the late trades on buying in heavyweights, consumer durables and FMCG stocks. However, profit bookings towards the close saw the Sensex shed the early gains and end the session at 15,446, down 19 points. The Nifty also finally closed the session in the negative territory at 4,476, down three points. | | | Movers & Shakers | - Satyam Computer closed in the red despite introducing the Integrated Digital Media Framework (IDMF), a solution accelerator in IFRA Expo 2007 in Chennai.
- Gayatri Projects closed in the green on securing an order valued at Rs311.89 crore from Keonjhar (R&B) Division, Orissa.
- L&T slipped despite the company and Paul Wurth of Italy jointly bagged a Rs1,205 crore order from Bhushan Steel Ltd.
- Shreyas Shipping rallied sharply on acquiring 51% stake in Haytrans (India) Ltd, a international freight forwarding company.
- Shree Cement closed with a marginal loss despite commissioning its Cement Grinding Unit at Gurgaon and Rajasthan.
| | | |
The breadth of the market, however, was positive. Of the 2,793 stocks traded on the BSE 1,436 stocks advanced, 1,298 stocks declined and 59 stocks ended unchanged. Most of the sectoral indices of the BSE ended in positive territory. The BSE CD index gained 1.07% at 4,449. However, the BSE Oil & Gas index and the BSE CG index closed marginally down.
Among the Sensex pivotal stocks, Maruti Udyog slipped 2.34% at Rs873, Ranbaxy dropped 1.66% at Rs399, ACC declined by 1.38% at Rs1,082, L&T lost 1.32% at Rs2,589, Bharti Airtel shed 1.20% at Rs849, HDFC slumped by 1.09% at Rs2,037 while, SBI, Bhel, M&M and Reliance Industries closed with marginal losses. However, select few managed to report gains. NTPC moved up by 2.23% at Rs185, Cipla added 1.87% at Rs183, Wipro gained 1.47% at Rs473, Ambuja Cement surged 1.29% at Rs138 and ICICI Bank advanced 1.17% at Rs915.
Over 1.51 crore Nagarjuna Fertilisers shares changed hands on the BSE followed by IFCI (1.04 crore shares), IKF Technologies (97.50 lakh shares), Tata Teleservices (79.74 lakh shares) and Reliance Natural Resources (78.88 lakh shares).
Everonn Systems was the most actively traded counter on the BSE with a turnover of Rs134 crore followed by Reliance Industries (Rs129 crore), Take Solutions (Rs125 crore), Lakshmi Machine Works (Rs124 crore) and Reliance Energy (Rs117 crore).
| | | | | | | | European Indices at 16:15 IST on 05-09-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6338.90 | -37.90 | -0.59 | | CAC 40 Index | 5619.64 | -53.08 | -0.94 | | DAX Index | 7673.53 | -48.24 | -0.62 | | | | | | | | | | | Asian Indices at close on 05-09-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16158.45 | -262.02 | -1.60 | | Hang Seng | 24069.17 | 183.10 | 0.77 | | Kospi Index | 1865.59 | -9.15 | -0.49 | | Straits Times | 3445.08 | 69.02 | 2.04 | | Jakarta Composite Index | 2214.62 | -0.50 | -0.02 | | | | | | | | 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