| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,102.93 | 5,670.65 | | High | 19,174.45 | 5,708.35 | | Low | 18,777.75 | 5,578.45 | | Today's Cls | 19,051.86 | 5,668.05 | | Prev Cls | 19,058.67 | 5,670.40 | | Change | -6.81 | -2.35 | | % Change | -0.04 | -0.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Tata Power | 1,370.90 | 23.49 | | Gujarat Gas | 358.80 | 15.99 | | Siemens | 1,695.80 | 12.02 | | Neyveli Lignite | 123.15 | 10.55 | | GMDC | 2,239.90 | 10.00 | | Losers | | Finolex Cables | 66.20 | -5.36 | | Indian Bank | 144.35 | -5.28 | | Thermax | 802.90 | -4.96 | | Mastek | 370.50 | -4.85 | | Ballarpur Industries | 129.75 | -4.28 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,212 | 451 | | Declines | 1,543 | 669 | | Unchanged | 62 | 25 | | Volume(Nos) | 48.17cr | 82.65cr | | | | | | Market Commentary | | | Sensex pares early losses | | After exhibiting a firm trend in the opening session, the Sensex closed with a marginal loss of seven points. | | The market overcame heavy selling in the early trades and climbed to new heights. | | | | The benchmark index, the Sensex, touched a new high of 19,174 in volatile trades during the opening session but slipped on profit booking in the afternoon. The market managed to recover from its day's low of 18778 towards the close despite weak global cues and rising crude oil prices. Oil prices rose to record highs on fears that Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region. The Sensex, which commenced the day on a promising note by touching a record peak, wrapped up the session with losses of six points at 19052, while the Nifty was down two points at 5668. | | | Movers & Shakers | - Shilpa Medicare hit the upper circuit on acquiring the entire stake in LOBA Finchemie AG, Austria in an all-cash deal.
- Bharti Shipyard surged on the news of signing an agreement with Apeejay Shipping to set up a shipbuilding yard along the eastern coast of the country.
| | | |
The breadth of the market was marginally weak. Of the 2,817 stocks traded on the BSE, 1,543 stocks declined, 1,212 stocks advanced and 62 stocks ended unchanged. On the sectoral front, the BSE Bankex was up 2.75% at 9974, the BSE CD Index added 1.20% at 4892 and the BSE Realty Index gained 1.10% at 10187 while the BSE HC Index closed marginally higher at 3854. However, the BSE IT Index, BSE TECk Index, BSE FMCG Index and BSE Oil & Gas Index were down 1-0.50% each.
Among the major losers, Infosys shed 3.14% at Rs1,868, HLL declined 3.08% at Rs212, M&M fell 2.34% at Rs815, L&T slipped 2.02% at Rs3,346, SBI dipped 1.67% at Rs1,924, Bajaj Auto lost 1.55% at Rs2,540 and Bharti Airtel slumped 1.50% at Rs1,110. ACC, Grasim and ONGC were down over 1% each. ICICI Bank, however, gained 5.48% at Rs1,157, followed by Hindalco that rose 4.55% at Rs197, Reliance Energy that added 3.09% at Rs1,904, Maruti Udyog that jumped 2.28% at Rs1,186 and NTPC that was up by 1.96% at Rs231. While Satyam Computer, Reliance Communication, HDFC Bank, Ambuja Cement and Dr Reddy's Lab ended the day in the positive territory.
Over 3.55 crore Power Grid Corporation shares changed hands on the BSE followed by Tata Teleservices (3.52 crore shares), IFCI (1.76 crore shares), Reliance Natural Resources (1.71 crore shares) and Reliance Petroleum (1.21 crore shares).
Value-wise, Reliance Energy registered a turnover of Rs657 crore on the BSE followed by Power Grid Corporation (Rs433 crore), Reliance Industries (Rs394 crore), Reliance Capital (Rs295 crore) and Reliance Communication (Rs259 crore).
| | | | | | | | European Indices at 16:15 IST on 16-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6605.50 | -39.00 | -0.59 | | CAC 40 Index | 5755.30 | -52.14 | -0.90 | | DAX Index | 7942.26 | -27.21 | -0.34 | | | | | | | | | | | Asian Indices at close on 16-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17137.92 | -220.23 | -1.27 | | Hang Seng | 28954.55 | -586.23 | -1.98 | | Kospi Index | 2005.76 | -29.63 | -1.46 | | Straits Times | 3810.72 | -51.30 | -1.33 | | Jakarta Composite Index | 2638.21 | 46.73 | 1.80 | | | | | | | | 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 | |
Email 
Print Version 
Watch Video 
The Sebi has released its report on P-Notes. It has suggested that FIIs should not renew or issue PNs with underlying as derivatives. It also wants sub-accounts to not issue P-Notes. 
