Sensex

Tuesday, February 19, 2008

DG - FW: Sharekhan Post-Market Report dated February 19, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 19 February 2008 19:42
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 19, 2008

 

 

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February 19, 2008

 

Index Performance

Index

Sensex

Nifty

Open

18,215.26

5,278.40

High

18,314.10

5,368.45

Low

18,018.48

5,262.00

Today's Cls

18,075.66

5,280.80

Prev Cls

18,048.05

5,276.90

Change

27.61

3.90

% Change

0.15

0.07

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Polaris Lab

90.90

6.75

Tata Tea

822.90

6.34

i-flex

1,100.55

6.18

Vijaya Bank

70.80

5.59

Bajaj Auto

2,322.60

5.58

Losers

Jaiprakash Associates

265.25

-7.07

BOB

405.75

-5.14

LIC Housing Finance

289.50

-4.53

Reliance Energy

1,622.15

-4.41

Puravankara Projects

322.75

-4.29

Market Statistics

-

BSE

NSE

Advances

1,513

643

Declines

1,238

541

Unchanged

57

24

Volume(Nos)

30.82cr

50.61cr

 Market Commentary 

Sensex posts modest gains

Profit bookings in late trades saw the Sensex shed 238 points form the day's high to close at 18,076, up 28 points.

The Sensex opened 167 points above its previous close, tracking firm Asian cues. It was a good opening with good volumes and positive market breadth.  

 

Buoyancy in heavyweights, consumer durable, auto and pharma stocks in the afternoon helped the Sensex touch the day's high of 18,314. However, as the trading progressed the Sensex lost its momentum and gave up its early gains on across-the-board selling and entered negative territory. The market appeared to be heading towards a negative close, but select buying at lower levels helped the Sensex wrap-up the session with a gain of 28 points at 18,076, and the Nifty closed the session by adding four points at 5,281.

Movers & Shakers

  • 3i Infotech jumped on making a foray into Chinese Banking, Financial Services and Insurance (BFSI) market by forming joint venture with Chinese partner, Yucheng Technologies.
  • Bharat Electronics slipped despite forming a joint venture in missile technology with arms developer Rafael Advanced Defense Systems, Israel.
  • Polaris Software rallied sharply on entering into a strategic partnership with City Networks to provide ongoing product development and support services.
  • NIIT fell despite entering into an agreement with Wuxi provincial government, China to set up IT training centers and offer training programs.


The market breadth was positive. Of the 2,808 stocks traded on the Bombay Stock Exchange (BSE) 1,513 stocks advanced, 1,238 stocks declined and 57 stocks ended unchanged. Among the sectoral indices the BSE CD Index flared up by 2.85%, the BSE Auto Index rose 1.62%, the BSE HC Index moved up by 1.33% and the BSE IT Index was up 0.54%. 

Barring few, all the other Sensex stocks ended at higher levels. Bajaj Auto flared up 5.58% at Rs2,323, Ranbaxy shot up by 4.81% at Rs415, ACC zoomed 4.42% at Rs789, TCS moved up by 2.69% at Rs875, Grasim scaled up 2.67% at Rs2,862, M&M surged by 2.24% at Rs658, HLL jumped by 2.08% at Rs221 and Cipla gained 1.73% at Rs188. 

Over 2.07 crore RNRL shares changed hands on the BSE followed by On mobile (1.97 crore shares), Ispat Industries (1.60 crore shares), Reliance Petroleum (1.02 crore shares) and Nagarjuna Fertilisers (8.69 crore shares).

Valuewise, OnMobile clocked a turnover of Rs1,042 crore followed by RNRL (Rs298 crore), Reliance Capital (Rs265 crore), Reliance Power (Rs259 crore) and Reliance Energy (Rs181 crore).

European Indices at 17:00 IST on 19-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

5950.90

4.30

0.07

CAC 40 Index

4848.12

-13.68

-0.28

Dax Index

6964.11

-3.44

-0.05

Asian Indices at close on 19-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13757.91

122.51

0.90

Hang Seng

24123.17

363.92

1.53

Kospi Index

1720.52

24.28

1.43

Straits Times

3098.06

14.72

0.48

Jakarta Composite

2711.87

27.17

1.01

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