Tuesday, December 4, 2007

Sharekhan Post-Market Report dated December 03, 2007


 

 

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December 03, 2007

 

Index Performance

Index

Sensex

Nifty

Open

19,547.09

5,765.45

High

19,619.44

5,878.80

Low

19,446.68

5,754.60

Today's Cls

19,603.41

5,865.00

Prev Cls

19,363.19

5,762.75

Change

240.22

102.25

% Change

1.24

1.77

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Chambal Fertilisers

69.70

11.52

Reliance Energy

1,900.15

9.32

Tata Power

1,262.85

7.72

RCF

80.55

7.40

Wipro

493.40

7.19

Losers

HCL Tech

310.20

-3.14

GSK Consumers

698.70

-2.71

ICI India

562.85

-2.49

Hero Honda

705.30

-2.41

Wyeth

467.45

-2.09

Market Statistics

-

BSE

NSE

Advances

2,087

798

Declines

709

316

Unchanged

58

70

Volume(Nos)

54.98cr

86.06cr

 Market Commentary 

Sensex rallies, despite mixed global cues

The Sensex continued its upward bias for the third straight session and gained 243 points to close above 19,607.

Despite getting mixed signals from Asian markets, the Sensex resumed on a positive note at 19,547, up 184 points. The undertone remained bullish for the  

 

entire trading session, with the Sensex crossing 19,550 mark in early trades and maintaining its upward bias thereafter. While market remained upbeat on strong buying in consumer durables, metal, oil and power stocks, the rally gathered momentum in the afternoon and the Sensex touched the day's high of 19,619. The Sensex finally ended the session with a gain of 240 points or 1.24% at 19,603. The Nifty rose 102 points or 1.77% to close at 5,865.

Among the sectoral indices, the CD index led the upsurge with a gain of 6.83% at 5,732 followed by the BSE Oil & Gas index (up 3.45% at 12,786), the BSE Power index (up 3.22% at 4,484) and the BSE Metal index (up 3.11% at 18,281). The market breadth was extremely positive with gainers outpacing the losers in the ratio of 2.85:1. Of the 2,854 stocks traded on the Bombay Stock Exchange (BSE) 2,087 stocks advanced, 709 stocks declined and 58 stocks ended unchanged.

Movers & Shakers

  • Sintex Industries slipped despite acquiring Nero Plastics Inc, USA through its US subsidiary Wausaukee Composites mc.
  • Patel Engineering gained on bagging an order worth Rs118.85 crore for double lake tapping and other civil works of Koyna Dam foot power house.
  • Gujarat NRE Coke jumped on announcing an investment of Rs175 crore to install 20 windmills of 1500 kW each in Gujarat.
  • Shakti Pumps closed in the red despite entering into an agreement with the Andhra Pradesh Government to supply energy efficient pumps. 
  • Sundram Fasteners closed marginally down despite starting commercial production its new manufacturing facility at Pantnagar, Uttarakhand.


Out of the 30 Sensex stocks, 24 managed to end with gains while six stocks ended with losses. Reliance Energy was the leading gainer and soared 9.32% at Rs1,900. Wipro jumped 7.19% at Rs493, Reliance Communication shot up by 5.48% at Rs712, TCS advanced 3.85% at Rs1,053, Hindalco moved up by 3.37% at Rs192, BHEL added 3.02% at Rs2,761 and Reliance Industries gained 2.86% at Rs2,932. Among the laggards ICICI Bank dropped 1.64% at Rs1,165, Bharti Airtel shed 1.61% at Rs924, HDFC declined by 1.37% at Rs2,746, HDFC Bank fell 1.04% at Rs1,701, while HLL and Infosys slipped marginally at Rs206 and Rs1,600 respectively. 

Over 5.88 crore IDFC shares changed hands on the BSE followed by IFCI ( 4.38 crore shares), Tata Teleservices (2.42 crore shares), Ispat Industries (2.41 crore shares) and Essar Oil (2.33 crore shares).

IDFC registered a turnover of Rs1,215 crore on the BSE followed by Essar Oil (Rs660 crore), IFCI (Rs459 crore), Reliance Petroleum (Rs371 crore) and Reliance Energy (Rs315 crore).

European Indices at 16:00 IST on 03-12-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6394.60

-37.90

-0.59

CAC 40 Index

5648.49

-22.08

-0.39

DAX Index

7867.89

-2.63

-0.03

Asian Indices at close on 03-12-2007

Index

Level

Change (pts)

Change (%)

Nikkei

15628.97

-51.70

-0.33

Hang Seng

28658.42

14.81

0.05

Kospi Index

1902.43

-3.57

-0.19

Straits Times

3521.56

0.29

0.01

Jakarta Composite Index

2726.93

38.59

1.44

 

 

 

 

 
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