Saturday, September 15, 2007

Sensex down by 10 pts at 15603; Nifty down 10 pts at 4518

Market off days high after jitters from Europe. Sensex ended down by 10 points at 15603. It slipped 220 points from the days high. Nifty ended down 10 points at 4518. It slipped 64 points from days high. CNX Midcap Index ended down 1%; hits new life time high during the day while BSE Small-cap Index ended down 0.76%. BSE Auto Index ended down 1%, IT, Healthcare Indices were down by nearly 0.75% each. BSE Realty Index ended up 1.6% and Bank Index was up 0.7%. NSE Advance Decline ratio stood at 2:5. Total market turnover was at Rs 66142.84 crore vs Rs 58078.09 crore on Thursday.

Indowind Energy listed today on the bourses, which closed at Rs 113.65 vs listing price of Rs 75 (Issue price of Rs 65).

Inflation for the week ended Sep 1 was at 3.52% vs 3.79%, market estimate was at 3.28%.

In currency market, Rupee depreciated by 7 bps at 40.485 (hits intra-day high of 40.434 and low of 40.5) while Yen depreciated by 10 bps at 114.93 (hits intra-day high of 114.53 and low of 115.39).

This week, Sensex and Nifty ended flat. CNX Midcap Index was up 1% while BSE Small-cap Index was up 1.7%. BSE IT Index was down 4.6% in which, HCL Tech was down 9.5%, Wipro was down 6.3%, TCS was down 5%, Satyam was down 4.5% and Infosys was down 3.5%. BSE Healthcare Index was down 1.1%, in which Cipla was down 4.5% and DRL was down 3.5%. BSE Metal Index was up 3% while Oil & Gas index was up 2.5%. Index Gainers were RIL, up 3.6%, REL, up 3.8% and Suzlon, up 6.3%. Midcap gainers were Marksans Pharma, up 40%, Time Tech, up 27%, MIC, up 25%, India Infoline, up 24%, IndusInd Bank, up 19% and Mercator Lines, up 16%. Midcap losers were Deccan Chronicle, down 20%, Rolta, down 14% and CboP, down 9%.

In derivatives market, Nifty futures discount was at 5 points vs 2 points on Thursday. Nifty futures added 25.7 lakh vs 21.7 lakh shares yesterday in OI. Nifty futures turnover was at nearly 25% of total FNO turnover. Fresh long was seen in Realty, Banking and Metals at the beginning of the day and some unwinding happened in last 1 hour.


Star Performers were India Info, Alok Industries, Ansal Properties and Purvankara.

Fresh Longs were seen in:
Realty: Purvankara, HDIL
Misc: India Info, Alok Industries, Sterlite, Cairn, Dabur


Fresh Shorts were seen in:
Mid Cap IT: Rolta, Nucleus Soft, Sasken Communication, 3i Infotech
Misc: IDFC, TVS Motor, BOI Arvind Mills

Short Covering was seen in:
Realty: DLF, Ansal Properties
Banks: Karnataka Bank, IndusInd Bank
Misc: India Cements, Karnataka Bank

Long Unwinding was seen in:
Misc: Bongaigaon, TTML (In F&O Curb), Nagarjuna Fertilizers (In F&O Curb), Oswal Chemicals (In F&O curb)


Today's losers were Bongaigaon Refinery, Nagarjuna Fertilizers, Chambal Fertilizers, Manali Petro, Deccan Chronicle, KPIT Cummins, Infotech Enterprises, Rolta and WWIL

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