For updates visit

Sensex end near days low amid choppy session

Thursday, September 6, 2007

Markets end at near days low amid choppy session; volatility was seen in last half an hour. Choppiness was seen ahead of Fed's Beige Book & BoE & ECB interest rate announcement.

Sensex went down 19.2 points at 15446; slips 135 points from days high. Nifty fails to closes above 4500 for 2nd consecutive day. Nifty futures discount widens to 60 points vs 45 points yesterday.

BSE Oil & Gas, Cap Goods Indices down over 0.75% CNX Midcap Index down 0.3%; SBE Small-cap Index ends flat, NSE Advance Decline ratio at 5:6. Total market turnover at Rs 58718 vs Rs 54570.65 cr on Tuesday

CURRENCY MOVEMENT
Rupee appreciates by 17 bps at 40.91 (hits intra-day high of 40.89)
Yen depreciates by 7 bps at 115.94 (hits intra-day low of 116.47)

F&O SNAPSHOT
Nifty futures discount at 45 points Vs 45 points yesterday
Nifty futures add 21.8 lakh shares in OI
Nifty futures turnover at nearly 25% of total FNO turnover
Long positions seen in fertilizer, sugar, pharma & some specific stocks
Fresh shorts seen in metal, telecom and some large cap stocks

Long Positions
Fertilizer/ Chemicals: Triveni Eng, GNFC (short covering)
Sugar: Balrampur Chini, Shree Renuka Sugar, Baja Hind
Non-Index stocks: Escorts, Triveni Eng, IDBI, LIC Housing Fin, DLF, Punj Lloyd
Power: Tata Power, NTPC, Suzlon
Pharma: Sun Pharma, Cipla, Matrix

Fresh Shorts
Metal: SAIL, Hindalco, Tata Steel
Telecom: Bharti Airtel, R Comm
Others: ITC, GMR Infra, RIL, JP Hydro

Short Covering
Ashok Leyland, Orchid Chem, Andhra Bank, GNFC, Cummins, BILT

BUZZING STOCKS
Shreyas Shipping: acquires 51% stake in Haytrans India
Gayatri Projects: bags order worth Rs 311.89 cr from Orissa govt
L&T: consortium bags order worth Rs 1,205 cr from Bhushan Steel
Raj Rayon: rub-off effect of textile space buzzing
SBI looking to raise Rs 18,000-20,000 cr via rights issue: Sources
Ambika Agar: has gained nearly 65% in last 4 days

Posted by FR at 7:08 PM  

0 comments:

Post a Comment

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.