Wednesday, October 3, 2007

Sharekhan Post-Market Report dated October 01, 2007


 

 Sharekhan's daily newsletter

 

October 01, 2007

 

Index Performance

Index

Sensex

Nifty

Open

17,356.99

5,021.50

High

17,425.34

5,089.30

Low

17,144.58

5,001.35

Today's Cls

17,328.62

5,068.95

Prev Cls

17,291.10

5,021.35

Change

37.52

47.60

% Change

0.22

0.95

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Reliance Capital

1,808.65

14.15

MIRC

24.80

12.98

Reliance Energy

1349.40

11.94

Adani Enterprises

614.85

10.30

Raymond

345.80

6.70

Losers

Mastek

290.00

-3.86

iGate Global

222.55

-3.72

Purvankara

428.60

-3.59

IVR Prime

446.60

-3.36

Spice Tele

55.85

-3.29

Market Statistics

-

BSE

NSE

Advances

1,637

671

Declines

1,131

461

Unchanged

72

29

Volume(Nos)

52.65cr

79.22cr

 Market Commentary 

Sensex ends marginally above 17,300

The market recovers from its lows and ends firm above the 17,300 mark.

Despite opening on a positive note, weak global cues and steadfast rupee climb saw the Sensex enter into negative territory. As selling gained momentum, the index 

 

shed over 146 points and nearly slipped below 17,150 before a bout of recovery saw it trim its losses. A positive close in most of the Asian markets and a sustained buying in energy, cement, and capital goods stocks helped the market enter into positive territory by afternoon. The market witnessed volatile trades for the later part of the trading session, but held firm above the 17,300 level. Substantial buying support in heavyweight, pharma, and oil and gas stocks led the Sensex surge to touch the day's high of 17,425. The Sensex finally wrapped up the session at 17,329, up 38 points. The Nifty ended the session at 5,069, up 48 points. 

The market breadth was positive. Of the 2,840 stocks traded on the Bombay Stock Exchange (BSE), 1,637 stocks advanced, 1,131 stocks declined and 72 stocks ended unchanged. Most of the sectoral indices closed with gains. The PSU metal index rose by 1.97% followed by the BSE HC index (up 1.40%) and the BSE Oil & Gas index (up 1.26%).

Movers & Shakers

  • Hinduja TMT closed marginally up after applying for telecom licenses.
  • ICSA India slipped despite securing a contract worth Rs93.47 crore from the Chhattisgarh State Electricity Board.
  • 3i Infotech gained on getting selected by Haryana State Government for establishing e-Disha Ekal Seva Kendra Project.
  • Simbhaoli Sugars surged on getting registered for carbon credit entitlement by the United Nations Framework Convention on Climate Change (UNFCC).
  • Time Technoplast moved up on acquiring 74% stake in NED Energy Ltd-- a Hyderabad based unlisted company for Rs50.30 crore.

Heavyweights led the upsurge in the market. Energy stocks were in the limelight on firm buying support. Reliance Energy vaulted 11.94% at Rs1,349 and NTPC jumped 6.49% at Rs206. Among the other major gainers Reliance Communication shot up by 4.48% at Rs612, ONGC increased by 4.09% at Rs997 and Cipla soared by 3.43% at Rs189. Ambuja Cement added 2.47% at Rs147, Grasim Industries gained 2.45% at Rs3,600 and Dr Reddy's Lab moved up by 1.68% at Rs660. Select counters, however, finished on a weak note. SBI shed 2.93% at Rs1,894, HDFC Bank dropped 2.44% at Rs1,404, Bajaj Auto declined by 2.19% at Rs2,484 and BHEL lost 2.10% at Rs1,990.

Over 3.39 crore Ispat Industries shares changed hands on the BSE followed by Reliance Natural Resources (3 crore shares), Tata Teleservices ( 1.99 crore shares), IKF Technologies (1.85 crore shares) and Himachal Futuristic Communications (1.80 crore shares).

Valuewise, Reliance Energy registered a turnover of Rs556 crore on the BSE followed by Reliance Capital (Rs492 crore), Reliance Natural Resources (Rs282 crore), Reliance Industries (Rs204 crore) and Reliance Communications (Rs190 crore).

European Indices at 17:00 IST on 01-10-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6456.80

-10.00

-0.15

CAC 40 Index

5696.84

-18.85

-0.33

DAX Index

7849.97

-11.54

-0.15

Asian Indices at close on 01-10-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16845.96

60.27

0.36

Kospi Index

1962.67

16.19

0.83

Straits Times

3755.22

48.99

1.32

Jakarta Composite Index

2399.46

40.25

1.71

 

 

 

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