Sharekhan Post-Market Report dated January 04, 2008

 

Sharekhan's daily newsletter January 04, 2008 Index Performance Index Sensex Nifty Open 20,367.94 6,179.10 High 20,762.80 6,300.05 Low 20,367.94 6,179.10 Today's Cls 20,686.89 6,274.30 Prev Cls 20,345.20 6,178.55 Change 341.69 95.75 % Change 1.68 1.55   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Punjab Tractors 351.50 29.49 Hinduja Venturs 844.10 13.51 Parsvnath Developers 529.10 9.15 EIH 235.00 8.70 Bombay Dyeing 980.05 6.24 Losers FDC 47.30 -4.54 D-Link India 121.00 -4.12 Apollo Tyres 57.10 -4.11 Ramco Systems 229.85 -3.85 IVR Prime 434.75 -3.66 Market Statistics - BSE NSE Advances 1,485 513 Declines 1,415 681 Unchanged 22 13 Volume(Nos) 76.00cr 97.51cr  Market Commentary  Sensex scales new peak Sensex crossed 20,700 mark and touched life-time high on gains in oil, capital goods, and banking stocks. The Sensex rose to an all-time high led by gains in oil, capital goods, and banking stocks.     The market resumed on a strong note despite mixed global cues, but investor's strong appetite for heavyweights, power, banking, oil, and capital goods stocks saw the Sensex rally further. Strong participation from Reliance group companies also cheered investor sentiment. The Sensex breached the 20,700 level in the afternoon trades and held on its gains. Relentless buying thereafter in front-line stocks helped the index to touch the record high of 20,763 towards the close. However, the Sensex shed some gains at close to end the session at 20,687, up 342 points. The Nifty, too, touched its all-time high of 6,300 to close at 6,274, up 96 points. Market breadth was neutral. Of the 2,922 stocks traded on the Bombay Stock Exchange (BSE) 1,485 stocks advanced, 1,415 stocks declined and 22 stocks ended unchanged. Except the BSE HC index, BSE IT index and the BSE Auto index, all sectoral indices ended in a positive territory. The BSE CG ended firm with gains of 2.56% at 20,029 while the BSE Oil & Gas index rose 2.31% at 13,917 and the BSE Bankex index added 2.01% at 11,905.  Action in several index heavyweights lifted the market. ICICI Bank led the pack and shot up by 4.67% at Rs1,285. L&T soared 4.50% at Rs4,244, HLL surged 3.77% at Rs231, Reliance Communication flared up by 3.63% at Rs760, Hindalco jumped by 3.41% at Rs220, ONGC added 2.90% at Rs1,344, Reliance Industries advanced by 2.86% at Rs2,986 and ITC moved up by 2.35% at Rs220. However, few index stocks came under sharp selling pressure. NTPC at Rs272, M&M at Rs823, Cipla at Rs213, Ambuja Cement at Rs144, TCS at Rs1,005, Tata Motors at Rs784, Maruti Suzuki at Rs964 and Infosys at Rs1,695 dropped over 1% each, while Satyam Computer and ACC dropped marginally. Over 1.75 crore Centurion Bank of Punjab shares changed hands on the BSE followed by Burnpur Cement (30.06 crore shares), Hindustan Motors (26.57 crore shares), Tata Teleservices (19.53 crore shares) and RNRL (19.15 crore shares). Valuewise, Reliance Petroleum registered a turnover of Rs431 crore on the BSE followed by RNRL (Rs398 crore), Reliance Industries (Rs272 crore), Centurion Bank of Punjab (Rs262 crore) and Reliance Energy (Rs248 crore). European Indices at 16:30 IST on 04-01-2008 Index Level Change (pts) Change (%) FTSE 100 6526.30 46.80 0.72 CAC 40 Index 5552.39 6.31 0.11 Dax Index 7898.01 -10.24 -0.13 Asian Indices at close on 04-01-2008 Index Level Change (pts) Change (%) Nikkei 14691.41 -616.37 -4.03 Hang Seng 27519.69 632.41 2.35 Kospi Composite 1863.90 11.17 0.60 Straits Times 3437.79 40.73 1.20 Jakarta Composite 2765.19 50.13 1.85