| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,479.01 | 5,198.35 | | High | 17,480.74 | 5,230.75 | | Low | 17,241.88 | 5,155.85 | | Today's Cls | 17,287.31 | 5165.90 | | Prev Cls | 17,378.46 | 5195.50 | | Change | -91.15 | -29.60 | | % Change | -0.52 | -0.57 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Praj Ind | 199.05 | 14.76 | | Nestle | 1,774.00 | 9.15 | | Lanco Infra | 537.70 | 8.79 | | GTL Infra | 50.70 | 8.33 | | Deccan Chronicle | 152.25 | 6.25 | | Losers | | IFCI | 56.85 | -9.86 | | Alstom Project | 614.65 | -8.74 | | Nagarguna Fertiliser | 47.45 | -8.49 | | Chambal Fertiliser | 68.40 | -6.75 | | RCF | 71.75 | -4.82 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,296 | 534 | | Declines | 1,397 | 662 | | Unchanged | 75 | 18 | | Volume(Nos) | 37.51cr | 65.50cr | | | | | | Market Commentary | | | Market snaps early gains on late selling | | The Sensex lost momentum on late selling pressure and ended below the 17,300 mark | | The market showed strong optimism in early trades, but slowed down considerably by noon trades, before a wave of selling pressure in late trades pulled the index below | | | | the 17,300 mark at close. After resuming 101 points higher over its last close at 17,378, the Sensex rallied sharply in early trades to scale a new intra-day peak of 17,481. The market witnessed listless trading with a positive bias in noon trades due to lack of fresh buying support. However, late selling in select realty, consumer durables, Bankex and oil & gas stocks saw the index drift into red and touch the day's low of 17,242. The Sensex finally signed off the session with losses of 91 points at 17,287, while the Nifty moved down by 30 points to close at 5,166. | | | Movers & Shakers | - Rajesh Exports advanced following reports that the company has secured Rs534 crore export order and information on institutional holding in the company.
- Dr Reddy's Laboratories inched marginally lower on reports that the company has acquired BASF's pharmaceutical contract manufacturing business and related facility at Shreveport in the USA.
- Nicholas Piramal moved up on reports that the company has signed a product development and licensing agreement with DxTech for point-of-care diagnostic testing system.
- Murli Industries inched lower because of fire in the factory of paper unit at Vadoda, Nagpur.
| | | |
The market breadth was negative. Of the 2,768 stocks traded on the BSE 1,397 stocks declined, 1,296 stocks advanced and 75 stocks ended unchanged.
Among the laggards, HDFC tumbled 3.69% at Rs2,775, DLF dropped 2.84% at Rs705.25, Grasim shed 2.81% at Rs2,402.75, ICICI Bank lost 2.42% at Rs879,40, Hindalco moved down 2.32% at Rs193.60, HDFC Bank lost 2.20% at Rs1,513.50 and ACC declined 2.15% at Rs758.65. ONGC at Rs1,033.40, Reliance Industries at Rs2,614.85, Ranbaxy Laboratories at Rs480.05 and State Bank of India at Rs1,776.35 dipped by over 1% each.
Select counters attracted buying support. Mahindra rose 4.31% at Rs670.40, ITC advanced 3.61% at Rs219.80, Tata Motors flared up 3.48% at Rs662.20, Wipro gained 1.96% at Rs488.60 and Jaiprakash Associates was up 1.95% at Rs271.30.
Ispat Industries was the most actively traded counter on the BSE with trades of over 1.96 crore shares followed by IFCI (1.60 crore shares), Reliance Natural Resources (1.38 crore shares), Reliance Petroleum (1.18 crore shares) and IB Securities (1.17 crore shares).
Valuewise, Sesa goa registered a turnover of Rs258 crore followed by Reliance Petroleum (Rs240 crore), Reliance Communications (Rs235 crore), TitaGarh (Rs200 crore) and Reliance Capital (Rs188 crore).
| | | | | | | | European Indices at 16:15 IST on 30-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6048.10 | -41.30 | -0.68 | | CAC 40 Index | 4945.46 | -31.64 | -0.64 | | DAX Index | 6867.71 | -17.63 | -0.26 | | | | | | | | | | | Asian Indices at close on 30-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13849.99 | -44.38 | -0.32 | | Hang Seng Index | 25755.35 | -158.80 | -0.61 | | Kospi Index | 1825.47 | 13.96 | 0.77 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2304.52 | 1.00 | 0.04 | | | | | | | | 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