| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,467.85 | 4,248.35 | | High | 14,527.47 | 4,295.60 | | Low | 14,368.40 | 4,242.80 | | Today's Cls | 14,397.89 | 4,256.55 | | Prev Cls | 14,338.45 | 4,248.15 | | Change | 59.44 | 8.40 | | % Change | 0.41 | 0.20 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Nirma | 198.30 | 20.00 | | iGate Global | 352.20 | 9.45 | | Thermax | 480.90 | 9.27 | | Ingersoll Rand | 336.10 | 7.69 | | Welspun Gujarat | 172.10 | 6.79 | | Losers | | SKF India | 461.90 | -7.25 | | Suzlon Energy | 1,281.90 | -7.00 | | IndusInd Bank | 48.10 | -2.73 | | Torrent Pharma | 246.30 | -2.51 | | HCL Tech | 342.75 | -2.18 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,470 | 606 | | Declines | 1,094 | 442 | | Unchanged | 97 | 36 | | Volume(Nos) | 25.25cr | 42.75cr | | | | | | Market Commentary | | | Market gains 59 points | | The market closed with gains, but slipped over 129 points from the day's high of 14527. | | The strong global markets and prevailing strong bullish sentiment helped the Sensex to open with a huge positive gap of 130 points at 14468. The wide-based National | | | | Stock Exchange's Nifty hit an all-time high of 4296 points within the mid-morning trades. The Asian indices like China's Shanghai Composite Index and South Koria's KOSPI Composite Index also hit news highs, while a rally in metal prices and a stronger dollar helped to gain Japanese export shares. Mirroring the same the Sensex gained 189 points on touching the day's high of 14527. The buoyancy in heavyweights and banking stocks kept the market bias up but the market moved in a narrow range throughout the session. Profit booking in a few front-line stocks towards the close dragged the Sensex to the intra-day low of 14368. The Sensex finally wrapped up the session with the gains of 59 points at 14398. The Nifty closed the session at 4257 by adding nine points.
The breadth of the market was positive. Of the 2,661 stocks traded on the BSE, 1,470 stocks advanced, 1,094 stocks declined and 97 stocks ended unchanged. Among the sectoral indices the BSE Bankex advanced by 1.29% at 7564 followed by the BSE Auto index (up 1.19% at 4918) and the BSE HC (up 1.26% at 3793). However, the BSE IT index, the BSE Metal index and the BSE Teck index closed in negative territory. | | | Movers & Shakers | - Ranbaxy Laboratories gained marginally on acquiring the US rights for 13 dermatology products from Bristol-Myers Squibb Company.
- Ruchi Infrastructure hit the upper circuit on signing an MoU with Madhya Pradesh government for rural aggregation and infrastructure projects.
- Venus Remedies slipped despite filling its first PCT application for its research product, "Non-Aqueous, Liquid Parenteral Formulation" in 49 countries.
- TCS closed in the red despite increasing its stake from 51% to 100% in the joint venture IT services company TCS do Brasil.
- Accentia Technologies surged on the reports that the company will set up a subsidiary in the UAE to cater to the increasing demand for BPO products of the company.
| | | |
Select front-line stocks notched up significant gains. HDFC Bank rose 5.23% at Rs1,125, L&T advanced 2.65% at Rs1,785, Gujarat Ambuja Cement climbed 1.93% at Rs116, Maruti Udyog surged 1.87% at Rs825, Cipla scaled up 1.61% at Rs208, Bajaj Auto added 1.49% at Rs2,203, HDFC jumped 1.45% at Rs1,845, ACC moved up by 1.39% at Rs870, Reliance Communications gained 1.28% at Rs510 and ICICI Bank was up 1.01% at Rs922. Among the laggards, HLL slipped by 1.28% at Rs201 and Infosys dropped 1.09% at Rs1965 while Reliance Energy, NTPC, Satyam Computer, Wipro, TCS and Bharti Airtel ended with marginal losses.
Banking stocks were in the limelight. Andhra Bank soared 5.43% at Rs91, Allahabad Bank jumped 4.99% at Rs89, Bank of Baroda scaled up 2.14% at Rs276, Oriental Bank advanced 1.85% at Rs234 and Canara Bank gained 1.63% at Rs262.
Over 3 crore Reliance Natural Resources shares changed hands on the BSE followed by Reliance Petroleum (79.56 lakh shares), Dish TV (60.16 lakh shares), Binani Cement (57.62 lakh shares) and Nagarjuna Fertilizers (46.09 lakh shares).
Value-wise India Infoline registered a turnover of Rs134 crore on the BSE followed by Unitech (Rs123 crore), Advanta (Rs119 crore), Reliance Natural Resources (Rs109 crore) and Reliance Capital (Rs98 crore).
| | | | | | | | European Indices at 16:15 IST on 28-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6570.50 | 5.10 | 0.08 | | CAC 40 Index | 6055.78 | -1.71 | -0.03 | | DAX Index | 7739.20 | 41.82 | 0.54 | | | | | | | | | | | Asian Indices at close on 28-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17587.59 | 106.38 | 0.61 | | Hang Seng | 20529.76 | 9.10 | 0.04 | | KOSPI Composite | 1657.91 | 13.35 | 0.81 | | Straits Times Index | 3513.37 | 26.74 | 0.77 | | Jakarta Composite Index | 2076.76 | 16.32 | 0.79 | | | | | | | | | | | | “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 | |
