Wednesday, 25 July 2007

Market Ended Weak

Market ended weak amid volatile trade on one day ahead of expiry. Sensex was down by 96 points at 15699, which swung 200 points during the day. Nifty was down by 32 points at 4588 and swung 65 points during the day. CNX Midcap, BSE Small-cap indices were down by 1.2% each. ITC was the stock of the day, which was up 9% on brokerage reports of re-rating. Cement stocks fall on MRTPC notice. Major losers were, ACC, down 4.5% and Ambuja Cement, down 4.1%.

BSE Realty index was down by 2.9% while BSE Capital Goods index was down by 2.5%. BSE Auto index was down by 2% and BSE Metal index was down by 1.7%. Major index losers were Suzlon, down by 6.5%, Satyam, down by 5.7% and SAIL, down by 5%. The NSE advance-decline ratio stood at 3:8.

New listing: Allied Digital listed today which closed at Rs 330.15 per share as against the listing price of Rs 332.5 per share (Issue price Rs 190).

F&O turnover was at all-time high and was of the tune of Rs 72,365 crore. The total market turnover was at all time high of Rs 91,063 crore vs Rs 84066.75 crore on Tuesday. Rupee depreciated by 15 bps at 40.32 and hit high of 40.3425 during the day.

F&O Snapshot
Nifty July futures premium at 4-7 points Vs 11 points discount yesterday (there are short rollover happening in IT, Auto, Cement sector)
Nifty Aug futures discount at 10-13 points Vs 27 points discount yesterday
Nifty July futures shed 6.5 8 lakh shares
Aug Futures add 83 lakh shares in shares
Short rollovers seen in cement, technology and auto stocks
Nifty July series discount turns into premium; Nifty Aug discount narrows down

FMCG
ITC up 8.5%; net shed 2.8 lakh shares in OI (rollover at 55%)
HUL up 1.5%; net shed 10000 shares in OI (rollover at 64%)

Cement
India Cement down 9%; net add 19 lakh shares in OI (rollover at 43%)
ACC down 4.5%; net add 8 lakh shares in OI (rollover at 58%)
Ultratech Cement down 4.5%; net add 91000 shares in OI (rollover at 78%)
Shree Cement down 7.5%; net shed 200 shares in OI (rollover at 23%)
Kesoram down 5%; net add 1.3 lakh shares in OI (rollover at 48%)
Birla Corp down 5.5%; net add 60000 shares in OI (rollover at 63%)

Infrastructure
Lanco down 10%; net add 11 lakh shares in OI (rollover at 52%)
DLF down 2.4%; net add 13.5 lakh shares in OI (rollover at 61%)
Peninsula Land down 4.5%; net add 1.2 lakh shares in OI (rollover at 45%)

Others Winners in FNO
Educomp up 8.2%; net add 10000 shares in OI (rollover at 41%)
IFCI up 6.5%; net add 52 lakh shares in OI (rollover at 53%)
Pantaloon up 5.5%; net add 6 lakh shares in OI (rollover at 57%)
HDIL up 4.5%; net add 16 lakh shares in OI (rollover at 85%)
Reliance Cap up 4.2%; net add 7.5 lakh shares in OI (rollover at 53%)

Rollover %
HDIL 85
Ultratech Cement 78
Satyam 76
Cipla 73
Jindal Stainless 72
Infosys 71
L&T 69
DLF 66