Post-Market Commentary, Friday, July 04, 2008

Sensex ends up 360pts; RCom, JP Associates shine
The Sensex opened 33 points higher at 13,127. Nervousness in the early trades saw the index slip into red to a low of 13,028. The index, thereafter, rebounded into the positive zone and moved higher on the back of sustained buying in realty and capital goods stocks.
The index touched a high of 13,510 - up 482 points from the day's low. The Sensex finally ended with a gain of 360 points at 13,454.
The index, however, ended the week with a loss of 348 points. In the process, the Sensex has now shed 3,981 points (22.8%) in the last seven weeks.
The market breadth was positive today - out of 2,677 stocks traded, 1,696 advanced and 898 declined.
The NSE Nifty moved up 90 points to settle at 4,016.
INDEX MOVERS...
Reliance Communications (RCom) -zoomed 12.5% to Rs 438. Jaiprakash (JP) Associates soared 10.7% to Rs 153.
DLF surged 8.5% to Rs 415. BHEL rallied 7.5% to Rs 1,500.
Reliance Infrastructure advanced over 7% to Rs 774. Lasren & Toubro gained 6.5% at Rs 2,380, and HDFC moved up over 6% to Rs 2,055.
Ranbaxy and ICICI Bank added 4.7% each to Rs 538 and Rs 601, respectively.
Ambuja Cements gained nearly 4% at Rs 75. Tata Motors, Hindustan Unilever, Satyam and SBI are up around 2.5% each at Rs 401, Rs 202, Rs 462 and Rs 1,128, respectively.
ONGC moved up 2% to Rs 876. Hindalco, Mahindra & Mahindra and HDFC Bank were the other major gainers.
...AND THE SHAKERS
Tata Steel shed 2.6% at Rs 640. Cipla slipped 1.7% to Rs 208, and TCS declined 1.3% to Rs 844.
MOST ACTIVE COUNTERS
Reliance Capital topped the value chart with a turnover of Rs 505 crore followed by Reliance (Rs 447.60 crore), Reliance Infrastructure (Rs 260 crore), Reliance Natural Resources (Rs 193.50 crore) and Reliance Petroleum (Rs 190.30 crore).
Reliance Natural Resources led the volume chart with trades of around 2.96 crore shares followed by IFCI (1.41 crore), Chambal Fertilisers (1.23 crore), Archidply (1.13 crore) and Reliance Petroleum (1.12 crore).