| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,308.20 | 5,771.30 | | High | 19,879.00 | 6,001.05 | | Low | 19,308.20 | 5,771.30 | | Today's Cls | 19,854.12 | 5,985.10 | | Prev Cls | 19,162.57 | 5,766.50 | | Change | 691.55 | 218.60 | | % Change | 3.61 | 3.79 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | CMC | 1,334.95 | 12.41 | | GNFC | 210.50 | 9.41 | | Gail India | 522.75 | 9.01 | | Wipro | 535.30 | 8.86 | | VSNL | 741.45 | 8.82 | | Losers | | Finolex Cables | 111.75 | -2.87 | | Bajaj Auto | 2,712.95 | -2.85 | | Nestle | 1347.95 | -2.45 | | Balaji Telefilms | 333.50 | -2.19 | | GSK Consumer | 695.85 | -1.88 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,966 | 825 | | Declines | 941 | 334 | | Unchanged | 30 | 16 | | Volume(Nos) | 44.70cr | 55.88cr | | | | | | Market Commentary | | | Market celebrates Christmas Eve, gains 692 points | | The market rallied sharply and closed above the 19,850 mark on sharp appreciation in IT, oil, power and banking stocks. | | Following the global market trend, the index continued its upward march ahead of the festive season. | | | | The Sensex resumed 145 points above its previous close and rallied sharply amid strong bullish sentiment. While the mood remained upbeat, the renewed buying interest in information technology and the rally in oil, metal and banking stocks gathered more steam towards the closing hours. The index surged to touch the day's high of 19,879 and added 716 points for the day. The Sensex finally ended the session with a gain of 3.61% or 692 points at 19,854 whereas the Nifty soared by 3.79% or 219 points at 5985. | | | Movers & Shakers | - Nagarjuna Construction Company surged on bagging a major order from the Government of Oman for the prestigious Wadi Adai Al Amerat road project.
- Aban Offshore moved up on receiving a contract from Chevron Offshore (Thailand) for drilling operations in Thailand.
- Suzlon Energy gained after getting an order from ONGC to supply 34 units of turbines.
| | | |
The breadth of the market was extremely positive, with gainers outnumbering losers in the ratio of 2.01:1. Of the 2,937 stocks traded on the BSE 1,966 stocks advanced, 941 stocks declined and 30 stocks ended unchanged. Among the sectoral indices the BSE IT Index flared up by 6.04%, the BSE TecK Index rose 4.90%, the BSE Oil & Gas Index moved up by 3.53% and the BSE Bankex was up 3.38%. The other indices also ended with sharp gains.
Barring Bajaj Auto, Maruti Suzuki and ACC, all the other Sensex stocks ended at higher levels. IT major Wipro flared up 8.86% at Rs535, Infosys bounced back sharply and shot up by 6.63% at Rs1,811, HDFC zoomed 6.33% at Rs2,897, Satyam Computer moved up by 6.28% at Rs455, Reliance Energy scaled up 6.14% at Rs2,059, Bharti Airtel surged by 6.07% at Rs970, TCS jumped by 6.07% at Rs1,109 and BHEL gained 5.08% at Rs2,489.
IT stocks saw renewed buying interest after a brief lull earlier this year. HCL Tech spurted by 5.39% at Rs327, Patni Computer shot up by 4.97% at Rs329, Mphasis flared up 4.96% at Rs302 and NIIT Tech jumped by 4.37% at Rs241.
Over 3.81 crore IFCI shares changed hands on the BSE followed by Bellary Steel (2.42 crore shares), Ispat Industries (1.34 crore shares), IKF Technologies (1.33 crore shares) and Kashyap Technologies (1.08 crore shares).
Value-wise IFCI clocked a turnover of Rs300 crore followed by Reliance Energy (Rs242 crore), Mundra Ports (Rs143 crore), Reliance Industries (Rs131 crore) and Reliance Petroleum (Rs131 crore).
| | | | | | | | European Indices at 16:15 IST on 24-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6455.40 | 21.30 | 0.33 | | CAC 40 Index | 5607.46 | 4.69 | 0.08 | | | | | | | | | | | Asian Indices at close on 24-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | Hang Seng | 28128.80 | 501.88 | 1.82 | | Kospi Composite | 1919.47 | 41.15 | 2.19 | | Strait Times | 3434.53 | 36.43 | 1.07 | | | | | | | | 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