Friday, September 28, 2007

Sharekhan Post-Market Report dated September 27, 2007


 

 

 Sharekhan's daily newsletter

 

September 27, 2007

 

Index Performance

Index

Sensex

Nifty

Open

17,059.61

4,942.70

High

17,188.40

5,016.40

Low

17,018.56

4,942.70

Today's Cls

17,150.56

5,000.55

Prev Cls

16,921.39

4,940.50

Change

229.17

60.05

% Change

1.35

1.22

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

REL

1117.25

8.87

Jet Airways

954.65

7.28

Orchid Chemicals

229.15

6.93

iGate Global

233.40

6.65

Sterlite Industries

760.30

6.48

Losers

Indorama Synthetic

64.00

-5.40

Ispat Industries

26.95

-5.11

Chambal Fertilisers

54.90

-4.94

HMT

66.10

-4.62

National Fertilisers

46.15

-4.45

Market Statistics

-

BSE

NSE

Advances

1,298

532

Declines

1,477

616

Unchanged

57

17

Volume(Nos)

61.89cr

101.52cr

 Market Commentary 

Record rally for seventh day in a row

The market ended on a buoyant note after hitting the record high of 17,188.

After the Sensex breaking past 1,000-point milestone within record 6 days, the market rose for the seventh session in a row today with a gain of over 267 points to a   

 

record high of 17,188. The market opened 139 points above its previous close and zoomed to touch the early high of 17,158. The Sensex remained steady on the back of firm metal and information technology stocks. Strong support also came from Reliance Energy, Tata Steel and few IT stocks. After exhibiting some range-bound moves the Sensex rallied sharply towards the close and wrapped the session at 17,151, up 229 points. The broad based Nifty also hit the record high of 5,016 and the index ended the session by adding 60 points at 5,001. 

However, the market breadth was negative. Of the 2,832 stocks traded on the BSE, 1,298 stocks declined, 1,477 stocks advanced and 57 stocks ended unchanged. Among the sectoral indices, the BSE Metal index flared up by 3.19% followed by the BSE IT index (up 3.149%), the BSE Teck index (up 1.72%) and the BSE Bankex index (up 1.23%). However, the BSE FMCG index ended in the negative territory.

Movers & Shakers

  • Sun Pharma gained marginally after its US subsidiary Caraco Pharmaceutical Laboratories received the FDA approval to market Methimazole tablets.
  • Satyam Computer advanced on launching a new solutions center in Brisbane's central business district.
  • Great Eastern Shipping slipped despite signing a contract to sell its 1988 built single hull Aframax tanker "Jag Labh"
  • ABG Shipyard closed in the red despite receiving an order for construction of 12 Handysize bulk carriers of 35,000 DWT each worth Rs1,439 crore.


Most of the index heavyweights closed with substantial gains. Reliance Energy showed solid strength today and shot up by 8.87% at Rs1,117. Among the other major gainers Tata Steel surged 5.82% at Rs795, Infosys vaulted by 4.79% at Rs1,912, HDFC Bank spurted 4.26% at Rs1,433, ONGC jumped by 3.74% at Rs972, Cipla scaled up by 3.16% at Rs176, ACC advanced by 2.82% at Rs1,189, BHEL added 2.60% at Rs2,041 and Satyam Computer rose 2.56% at Rs442. Among the laggards, HUL slumped by 2.86% at Rs219, Ambuja Cement dropped 1.69% at Rs145 and Reliance Communication slipped 1.21% at Rs583.

Over 6.29 crore Himachal Futuristic Communication shares changed hands on the BSE followed by Tata Teleservices ( 2.95 crore shares), IKF Technologies (2.85 crore shares), Reliance Natural Resources (2.42 crore shares) and Ispat Industries (1.82 crore shares).

Valuewise, Sintex Industries registered a turnover of Rs614 crore on the BSE followed by Reliance Natural Resources (Rs215 crore), Indiabulls Real Estate (Rs201 crore), Reliance Energy (Rs200 crore) and Tata Steel (Rs192 crore).

European Indices at 16:15 IST on 27-09-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6476.80

43.80

0.68

CAC 40 Index

5727.40

36.63

0.64

DAX Index

7838.33

34.18

0.44

Asian Indices at close on 27-09-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16832.22

396.48

2.41

Hang Seng

27065.15

634.86

2.40

Kospi Index

1945.28

26.02

1.36

Straits Times

3714.77

64.68

1.77

Jakarta Composite Index

2378.83

17.82

0.75

 

 

 
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