Sharekhan Post-Market Report dated August 28, 2007

 

Sharekhan's daily newsletter August 28, 2007   Index Performance Index Sensex Nifty Open 14,857.65 4,302.40 High 14,952.04 4,329.15 Low 14,751.68 4,280.60 Today's Cls 14,919.19 4,320.70 Prev Cls 14,842.38 4,302.60 Change 76.81 18.10 % Change 0.52 0.42   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Lanco Infratech 284.00 8.48 Exide Industries 60.15 6.65 GMR Infra 797.25 6.46 Hexaware 121.75 5.41 i-flex Solutions 2,014.45 5.13 Losers Spice Tele 51.30 -3.30 Indian Bank 145.80 -2.80 Parsvnath Developers 287.00 -2.58 ICICI Bank 862.30 -2.43 Suzlon Energy 1,239.85 -2.41 Market Statistics - BSE NSE Advances 1,566 666 Declines 1,061 441 Unchanged 73 37 Volume(Nos) 27.26cr 40.28cr  Market Commentary  Market gains on last minute buying After witnessing intra-day volatile moves, the markets finally ended at higher levels. While majority of the Asian markets closed in the red today, the domestic indices shrugged off the intra-day volatile moves and registered decent gains at close.     The Sensex moved marginally up, above its previous close to open at 14858. But, slipped on sustained selling in frontline stocks and touched the day's low of 14752 in the early trades. However, the market bucked the trend and recovered on buying in heavyweights, metal and information technology stocks. The market remained subdued thereafter and zigzagged between positive and negative territory in the afternoon. In the last hour of the trading session the Sensex saw hectic activity and moved northwards on selective buying in frontline stocks and finally closed the session in the green by gaining 77 points at 14919. The Nifty, too, witnessed the choppy trades and wrapped up the session with the gains of 18 points at 4321. The breadth of the market was positive. Of the 2,700 stocks traded on the BSE 1,566 stocks advanced, 1,061 stocks advanced and 73 stocks remained unchanged. Among the sectoral indices, the BSE IT index gained 1.91% at 4559 while the BSE Oil & Gas index, the BSE Metal index, the BSE Teck index also ended with the gains. The BSE Bankex index and the BSE Auto index closed in the red. Select heavyweights edged higher on decent buying support. Hindalco rose 3.30% at Rs153, HDFC Bank jumped 2.73% at Rs1,152, Reliance Industries advanced 2.58% at Rs1880, Satyam computer added 2.48% at Rs450, Infosys gained 1.83% at Rs1882 and ITC gained 1.33% at Rs167. However, select front-line stocks came under selling pressure. ICICI Bank was the major loser and dropped 2.43% at Rs862. Other draggers Tata Motors declined 1.96% at Rs663, Ranbaxy dropped 1.09% at Rs367 and ONGC shed 1.09% at Rs809.  Over 3.44 crore Tata Teleservices shares changed hands on the BSE followed by Mascon Global ( 84.38 lakh shares), IFCI (77.74 lakh shares), Hindustan Motors (59.60 lakh shares) and Nagarjuna Fertilisers (55.45 lakh shares). European Indices at 16:45 IST on 28-08-2007 Index Level Change (pts) Change (%) FTSE 100 6170.60 -49.50 -0.80 CAC 40 Index 5533.48 -57.06 -1.02 DAX Index 7464.51 -21.48 -0.29 Asian Indices at close on 28-08-2007 Index Level Change (pts) Change (%) Nikkei 225 16287.49 -13.90 -0.09 Hang Seng 23363.76 -213.97 -0.91 Kospi Index 1829.31 26.28 1.46 Straits Times 3343.00 -45.44 -1.34 Jakarta Composite Index 2159.61 -15.74 -0.72

 

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