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Thursday, August 17, 2006
Market Commentary
Indian stocks ended almost flat as profit sales took indices off highs, after a volatile session on Thursday. The 30-share BSE Sensex closed at 11477.48, up 0.2% or 29.17 points. It had touched an intra-day high of 11379.44 and low 11551.59. The Nifty closed 3353.90, down 0.1% or 2.15 points. Oil retailers ended down, while auto and capital goods were lead gainers. Dr Reddy's was up on value buying and positive outlook, while Tata Motors extended gains on reports Wednesday that it has bought Nissan Motor's South Africa truck assembly unit. Siemens India, up 4.4% at Rs 1,053, Indian Petrochemicals, up 4.2% at Rs 289, Dr Reddy's Laboratories, up 2.4% at Rs 1,489, and Tata Motors, up 2.4% at Rs 837. Reliance Energy was down 3.4% at Rs 462.70, Tata Steel, down 2.6% at Rs 518.65, and Hindalco Industries, down 2.6% at Rs 164.70. Bharati Shipyard, which had surged 4% after it announced Rs 1200 crore order from Reliance Industries, ended marginally up at Rs 324.70. IDFC ended up 2.3% at Rs 58.35, after rising over 3% on a 42-mln-share block deal earlier in the session. Sterling Biotech ended up 0.8% at Rs 113.10 on reports the company is planning to invest Rs 160 crore in a special economic zone in Gujarat. State-controlled Neyveli Lignite gained 3.2% to Rs 61.90 on an announcement it has signed a pact with Gujarat state government to set up a power plant with a total capacity of 1,500 megawatts at a cost of Rs 7500 crore. Hindustan Zinc fell 4% to Rs 577.55 on news it has cut zinc prices by Rs 8,200 a metric ton. Rolta India added 4.1% to Rs 219.55 on news it has formed a joint venture with France-based company Thales SA for developing aerospace technology. Rolta, which will hold a majority 51% stake in the venture, said it is targeting revenue of $500 million from the venture over the next five years. Punj Lloyd shed 0.7% to Rs 732.70 despite news it has secured an order worth Rs 823 crore from Rajasthan Vidyut Utapadan Nigam for construction of a thermal power station.
Sector Watch
Health Care
Scrip Name
Closing Price
%Change
GlenmarkPhar
340.25
7.59
Lupin
532.50
5.33
Torrent Phar
194.00
3.66
Divis Labora
1,821.25
3.16
Apollo Hspt
434.95
3.06
Information Technology
Scrip Name
Closing Price
%Change
HCLTechnolog
590.05
1.52
Satyam Compu
793.10
0.93
InfosysTechn
1,758.40
0.35
Finan.Techno
1,296.25
0.31
Capital Goods
Scrip Name
Closing Price
%Change
IngersolRand
275.95
9.18
Siemens
1,053.60
4.34
ABB
2,824.00
1.54
BHEL
2,267.65
1.02
AstraMicrowa
177.90
0.82
BSE PSU Index
Scrip Name
Closing Price
%Change
Kochi Refin
145.20
4.46
NeyveliLignt
61.90
3.17
BHEL
2,267.65
1.02
MTNL
155.60
0.97
BPCL
347.25
0.78
Consumer Durables
Scrip Name
Closing Price
%Change
Titan Inds
754.35
1.84
Gitanjali
170.00
0.27
FMCG Index
Scrip Name
Closing Price
%Change
Ruch SoyaInd
254.85
2.97
GodrejConsum
710.00
2.67
Hind Lever
234.90
1.93
Dabur India
141.65
1.43
ITC Ltd
181.25
0.28
International Markets
market watch
Last Close
Change
% change
FTSE
Data not available.
NASDAQ
2,149.54
+34.53
+1.63 %
DOW
11,327.12
+96.86
+0.86 %
NIKKEI
16,020.84
-50.52
-0.31 %
HSI
17,373.05
-77.98
-0.45 %
Asian markets: Asian markets ended lower.
US markets: US indices rallied for the second consecutive session on Wednesday on optimism that the US Federal Reserve may keep interest rates unchanged in the near-term due to benign inflation numbers. The Dow Jones soared 97 points, to 11,327, the Nasdaq composite advanced 35 points, to settle at 2,150.
