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Markets:
Bulls camping at the bourses
Mumbai: Reliance and SBI stabilised sentiments
further with the BSE Sensex gaining 28.19 points to end
at 6441.85 points. The S&P CNX Nifty also appreciated
by 10 points to close at 2045.15.
Market
Gainers
Reliance, SBI, Bharti Tele-Ventures, Hindalco, Tata Steel,
Syndicate Bank, Bank of India, UTI, Andhra Bank, Vijaya
Bank, Kotak Mahindra Bank, Bank of Rajasthan, Nicholas
Piramal, Wockhardt, Glenmark Pharmaceuticals, Gujarat
NRE Coke, Satnam Overseas, Balrampur Chini, Bharat Forge
Market
Losers
Ranbaxy, HDFC, Wipro, Satyam, Divi's Labs, IPCA Labs,
Zandu Pharma, Dishman Pharmaceuticals, Infosys, TCS, Wipro,
Satyam, Geometric Software, Mastek, Patni Computers, Indian
Hotels, Taj GVK, Crompton Greaves, TV18, Subex Systems
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
317.30
|
+1.10
|
| Bajaj
Auto |
1,131.45
|
+12.00
|
| Bharti
Televentures |
208.70
|
+5.20
|
| BHEL |
730.20
|
-1.85 |
| Cipla |
304.15
|
-0.30
|
| Dr.
Reddys Laboratories |
853.45
|
+3.10
|
| Grasim
Industries |
1,283.20
|
+2.70
|
| Gujarat
Ambuja |
392.90
|
+7.00
|
| HDFC |
757.55
|
-11.30
|
| HDFC
Bank |
492.70
|
-0.25
|
| Hero
Honda Motors |
547.45
|
-5.70
|
| Hindalco
Industries Limited |
1,332.30 |
+32.90
|
| Hindustan
Petroleum Corp |
374.85
|
+2.80
|
| HLL |
144.75
|
+1.65
|
| ICICI
Bank |
363.80
|
+3.25
|
| Infosys
Technologies |
2,066.20
|
-17.00
|
| ITC |
1,296.45
|
-7.05
|
| Maruti
Udyog |
468.50
|
-0.90
|
| MTNL |
125.90 |
-0.90 |
| ONGC |
843.05 |
-1.60
|
| Ranbaxy
Labs |
1,239.25 |
-17.35
|
| Reliance
Energy |
535.05
|
+4.40
|
| Reliance
Industries |
506.05
|
+11.40
|
| Satyam
Computer Services |
402.55
|
-4.45
|
| State
Bank Of India |
608.90
|
+14.75
|
| Tata
Motors |
510.70
|
+9.10
|
| Tata
Power |
382.80
|
+6.35
|
| TISCO |
346.20
|
+6.40
|
| Wipro |
748.15
|
-7.80 |
| Zee
Telefilms |
172.70
|
-0.10
|
Other
Bank of Rajasthan up 20 per cent at Rs68.4
Bank of India up Rs11.25 at Rs92.9
Lyka Labs up six per cent at Rs71.95
Sundaram-Clayton up Rs76.25 at Rs744.85
Saregama India up Rs13.45 at Rs147.7
IOC down Rs2 at Rs513.95
IBP down Rs3.05 at Rs612.65
MRF up Rs74.25 at Rs2705
Surya Pharma up 20 per cent at Rs91.50
Britannia Industries up 1.09 per cent at Rs910
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Survey:
Fund managers forecast further rise in indices
Mumbai: With stock indices at their all-time high
levels, fund managers are expected to be bullish in the
short-term, says a survey done by investment banking firm
Merrill Lynch.
The survey said 69 per cent expect the BSE Sensex to trade
between 6200-6499 over the next three months.
Fund
managers are more bullish in the long-term and no one
expects to see the Sensex below 6200. A significant 64
per cent of those surveyed expect the Sensex to cross
7000, with 27 per cent of those expecting it to be at
6600-6999 levels and nine per cent at 6200-6599. The survey
was conducted between November 25 and December 15 with
responses from fourteen fund managers who manage over
Rs35, 000 crore of assets.
According
to the survey, most fund managers (87 per cent) would
be buyers if the market corrects by 10 per cent. Interestingly,
nearly half the fund managers (47 per cent) would sell
if equity prices rose by 10 per cent. This is the highest
percentage of fund managers wanting to sell on any sharp
rise and ties in with the view that markets are looking
fully valued.
On corporate profit growth projections most fund managers
expect earnings growth around 20 per cent.
Fund managers are optimistic about the IT sector but Merrill
Lynch expects them to rank the sector down on the back
of rising valuations and an appreciating rupee. The automobile
sector has slipped in rank for fund managers who are no
longer bullish on this segment.
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