|
Markets saw selective profit booking after two days of
strong gains. After moving sideways within a narrow range
in morning trades, the indices slipped early in the afternoon.
Frontline indices lost close to 0.5 per cent each and
the Sensex declined below 11900.
The
momentum built up over the last one month has made traders
more confident and they were ready buyers at lower levels.
Helped by an uptrend in ONGC and metal stocks, the indices
recovered later in the afternoon and closed with marginal
losses.
Sensex
closed with losses of 10 points at 11905 and the Nifty
lost 3 points to close at 3474. Nifty September futures
closed at a discount of 3 points to the spot index.
Some
of the stocks, which had seen substantial gains in recent
sessions, closed lower today. Glaxo was the worst performer
among index stocks, losing nearly 2.5 per cent.
Among
other pharma stocks, Dr Reddy's lost nearly 1.5 per cent.
Zee Tele, which had gained nearly 8 per cent in 2 sessions,
closed more than 2 per cent lower.
ICICI
Bank lost 1.5 per cent after gaining over 2 per cent yesterday.
Tata
Motors, the best performing auto stock yesterday, lost
over a per cent.
Among
other losers, Wipro, Tata Power, BPCL and ITC lost nearly
1.5 per cent each while Suzlon closed more than a per
cent lower.
Select
metal stocks saw a rally in afternoon trades. Hindalco
added nearly 2.5 per cent while Tata Steel gained more
than 1.5 per cent. Nalco closed a per cent higher.
Reliance
Energy also saw an up trend in the afternoon and was the
best performer among index stocks, with gains of nearly
3 per cent.
Cement
stocks were firm throughout the day and closed with strong
gains. ACC added nearly 2.5 per cent and Gujarat Ambuja
Cement gained close to 1.5 per cent. Grasim closed a per
cent higher.
ONGC
was also firm for most of the session and finally ended
with gains of close to 1.5 per cent.
BHEL,
Reliance Communications, Cipla and SBI were the other
major gainers.
Global
markets / crude oil
US markets were closed yesterday.
Asian
markets were mixed after two days of substantial gains
on selective profit booking. Japan and South Korea sustained
the up trend with gains of around 0.15 per cent each.
Shanghai added 0.4 per cent.
Malaysia
and Hong Kong lost around 0.45 per cent each while Thailand
lost 0.35 per cent. Singapore and Indonesia closed with
marginal losses.
European
markets once again opened with marginal gains before slipping.
Major indices are trading with losses of between 0.3 per
cent and 0.7 per cent each in early afternoon trades.
Crude
oil prices closed with losses of nearly 2 per cent at
$68.02 per barrel yesterday. Near month NYMEX futures
is trading with gains of around $0.5 per barrel in European
trades today.
Large-cap
news flow
- Reliance
Communications has commercially launched its 11,500km
high-capacity undersea cable network connecting four
continents and 11 countries.
- Officers
of PSU oil companies like HPCL, BPCL and Indian
Oil have decided to postpone their strike which
was to start today as per earlier announcement.
- Fiat
would jointly develop a low-cost car with Tata Motors,
according to news agency reports quoting the Fiat CEO.
Mid-Cap
Action
Mid-caps
and small caps extended their gains, despite the subdued
trend in large caps. Some of the major gainers from recent
sessions saw selective profit booking.
The
CNX Mid-Cap index ended with gains of 21 points, or 0.49
per cent, to finish the day at 4429. BSE mid-cap index
gained 0.57 per cent and the BSE small cap index added
0.32 per cent.
Vimta
Labs, Ramkrishna Forge, Cyber Media, Unitech, Vishesh
Info, Igarashi Motors, Finolex Pipes, Gammon India and
Revathi Equipment were among the major mid-cap gainers.
Pritish
Nandy Communications, RPG Cables, Dalmia Cement, Nitco
Tiles, Ansal Infrastructure, IFB Agro, Garden Silk, Softpro
Solutions, Williamson Magor and Uniphos Enterprises were
among the other major mid-cap losers.
Mid-cap
news flow
- has
acquired a domestic software developer with revenues
of Rs8.4 crore last year. The acquired company focuses
on payment services, back office exception processing
and business process integration services, employing
around 50 people. Cost of acquisition has not been disclosed.
- The
current promoters of would submit a reconstruction
scheme to the RBI. The bank was placed under moratorium
by the central government yesterday.
- Jagran
Prakashan would launch a new edition of its Hindi
language daily Dainik Jagran from Amritsar.
- JK
Lakshmi Cement has
restored normal operations at its plant in Rajasthan,
which was affected by the recent floods.
- The
board of KEI Industries will meet early next
week to consider a stock split. The board would also
consider additional find raising through an overseas
issue, QIP or issue of non-convertible debentures and
commercial paper.
- ABG
Heavy Industries has been awarded the license to
operate a mobile crane at the Mangalore port.
- Shringar
Cinemas has started commercial operations at a new
movie theatre in Surat, under a management contract.
The company's multiplex in Mumbai has received entertainment
tax exemption.
-
has signed a strategic agreement with Borland India
under which Borland would provide a host of services
and access to technology.
- Genus
Overseas would issue 10 lakh convertible warrants
to promoters and associates at a price of Rs199 per
share.
- Simplex
Infrastructure has won orders worth Rs250 crore
from the domestic market and Sri Lanka.
- The
board of Rain Commodities would meet next week
to consider a merger of wholly owned subsidiary Rain
Industries with the company.
- Kamat
Hotels has entered into a management contract to
manage a small hotel near Goa.
- Elecon
Engineering has received an order worth Rs53 crore
from JSW Steel.
- The
board of Ind-Swift Lab has approved the conversion
of 3.5 lakh preference shares of Rs100 each into 3.5
lakh equity shares at a price of Rs92 per share.
- Tantia
Constructions said the value of the order announced
yesterday is Rs65 crore and not Rs6.5 crore as originally
mentioned.
- PVR
has received entertainment tax exemption for its multiplex
in Indore, Madhya Pradesh.
- Era
Constructions has received orders worth Rs115 crore
for laying railway tracks.
- Nahar
Spinning Mills is planning to enter real estate
business.
- Insul
Electronics would
build a shopping mall in Goa in partnership with another
company.
*Disclaimer:
The author
may have positions in some of the stocks specifically
mentioned above at the time of writing this article. This
analysis / report is only for the purpose of information
and is not an investment advice. Readers are advised to
consult a certified financial advisor before taking any
investment decisions. While efforts have been made to
ensure the accuracy of the information provided in the
content the author or publisher shall not be held responsible
for any loss caused to any person whatsoever.
Market:
Indices
National
Markets
Gain (+) / Loss (-)
|
SENSEX
|
11,904.60
|
-9.61
|
| NIFTY
|
3,473.75
|
-3.10
|
Last
Update : 5 September, 2006 16:39 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| ACC
|
922.00
|
946.00
|
917.00
|
943.50
|
| Bajaj
Auto |
2,847.00
|
2,850.00 |
2,809.05
|
2,823.35 |
| Bharti
Airtel |
420.00
|
422.00
|
414.10
|
417.65
|
| BHEL
|
2,270.00
|
2,310.00
|
2,254.00
|
2,287.55
|
| Cipla |
258.40
|
262.50
|
257.00
|
261.25
|
| Dr
Reddys Lab |
747.00
|
747.00
|
727.00
|
729.55
|
| Grasim
Indus |
2,285.00
|
2,317.00 |
2,273.20
|
2,304.90
|
| Guj
Ambuja |
115.00
|
116.10
|
113.70
|
115.65 |
| HDFC
Bank Ltd |
875.00
|
880.95
|
870.60
|
873.90
|
| HDFC
Ltd |
1,322.00
|
1,329.00
|
1,305.00
|
1,320.65 |
| Hero
Honda |
722.40
|
731.95
|
717.25
|
722.65
|
| Hindalco
|
175.00
|
179.90 |
174.50
|
178.95
|
| HLL
|
244.00
|
245.00
|
241.75
|
242.45
|
| ICICI
Bank |
623.90
|
623.90 |
611.25
|
613.10
|
| Infosys |
1,850.00
|
1,853.95
|
1,826.00
|
1,834.10
|
| ITC
|
191.90
|
191.90 |
187.00
|
187.65 |
| L&T
|
2,490.00
|
2,495.00 |
2,450.00
|
2,466.50
|
| Maruti |
904.20
|
904.70
|
889.25
|
893.00 |
| NTPC
|
126.60
|
127.40 |
125.30
|
125.85 |
| ONGC
|
1,215.00
|
1,234.70
|
1,210.15
|
1,228.25
|
| Ranbaxy
|
416.30
|
422.00
|
415.00
|
416.70 |
| Rel
Energy |
454.00
|
466.95
|
450.25
|
464.75
|
| Reliance
Comm Ventures Ltd |
300.50
|
308.70 |
299.25
|
304.75
|
| Reliance
|
1,130.00
|
1,133.00
|
1,119.80
|
1,125.30 |
| Satyam
|
812.20
|
819.00
|
810.10
|
815.35
|
| SBI
|
935.00
|
950.20
|
935.00
|
943.00
|
| Tata
Motors |
898.00
|
899.75 |
880.00
|
886.40
|
| Tata
Steel |
506.00
|
514.40
|
502.50
|
513.50
|
| TCS
|
1,000.00
|
1,028.00
|
1,000.00
|
1,006.30
|
| Wipro
|
523.00
|
525.00
|
514.10
|
515.50
|
Last
Update : 5 September, 2006 16:01 PM
S&P
CNX Nifty
| Scrip
Name |
Open |
High |
Low |
Last
Price |
|
RELIANCE
|
1125
|
1135
|
1116
|
1125.95
|
|
TATASTEEL
|
507
|
514.9
|
502.5
|
513.9
|
|
ZEETELE
|
304.3
|
304.9
|
296.1
|
297.25
|
|
ACC
|
922.9
|
945.55
|
917.75
|
942.7
|
|
TCS
|
1023
|
1030
|
1001
|
1005.8
|
|
SBIN
|
942.7
|
950.8
|
935.2
|
945.15
|
|
RCOM
|
301.4
|
308.7
|
299.5
|
304.4
|
|
TATAMOTORS
|
899
|
900
|
881
|
886.6
|
|
BHEL
|
2258.45
|
2308.9
|
2255
|
2288.25
|
|
REL
|
452.5
|
467.4
|
450.9
|
464.85
|
|
INFOSYSTCH
|
1870
|
1870
|
1825
|
1834.95
|
|
HINDALC0
|
175.7
|
179.9
|
174.3
|
178.85
|
|
ITC
|
191.25
|
191.25
|
187.05
|
187.7
|
|
ONGC
|
1214.1
|
1235
|
1210
|
1229.65
|
|
GRASIM
|
2290
|
2308
|
2272
|
2303.45
|
|
LT
|
2485.25
|
2489.9
|
2460
|
2465.65
|
|
MARUTI
|
811
|
905
|
811
|
894.35
|
|
SATYAMCOMP
|
811.5
|
819
|
802.25
|
815.65
|
|
IPCL
|
305.25
|
307.45
|
301.1
|
304
|
|
SIEMENS
|
1088
|
1106.7
|
1081.1
|
1086.25
|
|
SUZLON
|
1267
|
1267
|
1232.15
|
1237.95
|
|
CIPLA
|
259.5
|
262.5
|
257.55
|
261.5
|
|
HINDPETRO
|
295
|
301.95
|
288.25
|
290.9
|
|
WIPRO
|
522.7
|
525
|
514.65
|
515.6
|
|
BHARTIARTL
|
419
|
420.8
|
414.85
|
417.95
|
|
VSNL
|
424
|
429.9
|
422.05
|
424.05
|
|
HEROHONDA
|
723
|
732.5
|
718.3
|
722.7
|
|
HDFC
|
1325
|
1330
|
1307
|
1324.55
|
|
ABB
|
2870
|
2899.9
|
2849
|
2880.6
|
|
SAIL
|
72.3
|
73.8
|
72.3
|
73.1
|
|
GUJAMBCEM
|
114.35
|
116.2
|
114
|
115.85
|
|
BAJAJAUTO
|
2840
|
2858
|
2809
|
2825.1
|
|
HINDLEVER
|
243.7
|
244
|
241.5
|
242.55
|
|
PNB
|
470.55
|
480
|
470.55
|
474.75
|
|
BPCL
|
386.05
|
387.9
|
375.6
|
377.85
|
|
RANBAXY
|
417
|
422
|
414
|
416.15
|
|
DRREDDY
|
737.5
|
745.6
|
727.15
|
729.7
|
|
M&M
|
663
|
663
|
650
|
655
|
|
DABUR
|
145.25
|
145.9
|
142.1
|
143.55
|
|
ICICIBANK
|
624.85
|
624.85
|
611
|
613.15
|
|
MTNL
|
158.75
|
160.95
|
156.5
|
157.45
|
|
GLAXO
|
1290
|
1290
|
1249.35
|
1252.8
|
|
HCLTECH
|
589
|
589
|
582.9
|
584.35
|
|
HDFCBANK
|
870
|
881
|
870
|
874.7
|
|
JETAIRWAYS
|
559
|
564
|
550.3
|
556.2
|
|
NATIONALUM
|
205
|
207.5
|
203.1
|
206.3
|
|
GAIL
|
273.5
|
274.8
|
269.3
|
271.1
|
|
SUNPHARMA
|
930
|
933.95
|
922.5
|
930.1
|
|
ORIENTBANK
|
197.5
|
201.9
|
196.1
|
198.5
|
|
TATAPOWER
|
545
|
546
|
534.1
|
538.35
|
Last
Update : 5 September, 2006 16:00PM
|
