Markets at a glance

TRADING DESK

Return (%)

1 week1 month1 year BSE Sensex6707.723.206.7438.72 S&P CNX Nifty2076.404.226.9637.62 BSE-1003594.172.996.4339.94 BSE-200883.913.095.9140.82 BSE-5002813.652.786.0545.08 CNX Mid-cap 2002992.050.446.1892.04 CNX Nifty Junior4314.001.895.0044.35 S&P CNX 5001824.753.026.2045.13 FII Net inflows (Rs cr)*-185.10-294.40-1204.1038028.9 MF Net inflows (Rs cr)*123.81835.063560.744562.29 BSE turnover (Rs cr)@2330.632112.681986.112007.46 NSE turnover (Rs cr)@4903.494409.824030.714373.18 Sensex P/E@15.2514.7814.7115.80   BSE-Auto2844.082.088.2629.27 BSE-Bankex3806.991.125.5051.17 BSE-Cap. Goods3647.891.499.7089.27 BSE-Cons Durable1868.102.1516.12111.26 BSE-FMCG1176.184.463.9238.89 BSE-Healthcare2690.025.699.6517.22 BSE-IT Sector2724.335.0614.3554.85 BSE-TECk1767.744.3212.4953.67 CNX IT2896.556.3113.0944.02 BSE-Metal5598.391.12-0.5961.60 BSE-Oil & Gas3084.182.942.4926.69 BSE-PSU4295.822.915.641.92   Nasdaq2075.731.439.014.48 Dow Jones10542.550.674.693.48 MSCI World1147.670.261.1910.07 MSCI Emgerging Markets550.501.391.8827.64 MSCI Emerging Asia236.830.852.1919.47 Rs/$43.530.16-0.41-4.22 Brent Crude (spot)$/Bbl49.615.98-1.5135.25 * Figures for week, month and year are cumulative flows. @ Daily average turnover/Sensex P/E as on date, week-, month- and year-ago.  These two scrips contributed 25.34 points and 21.39 points to the index respectively. Only two stocks which posted negative returns were media major Zee Telefilms and HDFC. While Zee Tele declined 7.09 per cent, eroding 4.03 points from the index, losses in HDFC amounted to a marginal 0.3 point loss.  The technology sector was one of the largest gainers. Among all the sectoral indices, CNX IT gained the maximum last week with a 6.31 per cent gain. Close to its heels was the BSE IT Sector Index which rose over 5 per cent. This was led by gains in Patni Computers which rose over 5 per cent during the week.  The index would have gained more if not for heavy weights like Infosys, Wipro and TCS which remained flat. The BSE Healthcare also gained handsomely with returns of over 5.6 per cent led by gains in Ranbaxy which rose over 12 per cent.  The BSE TECk and FMCG indices, too, held ground with gains of 4.32 per cent and 4.46 per cent respectively. ITC and HLL led the FMCG index gains. Meanwhile, the BSE bank and metal indices remained stagnant with gains of a little over one per cent each.  US markets extended the gains last week, ahead of the long weekend. The Dow Jones Industrial rose 0.67 per cent to close at 10,542.55, while the Nasdaq ended the week with a gain of 1.43 per cent to close at 2,075.73.  According to analysts, the upsides were mainly fuelled by easing oil prices and a seemingly strong job market. Consumer spending rose a bit less than expected in April while income gains were in line with Wall Street forecasts, said reports. 
 

BULK DEALS
Date	Stock	Client	Deal Type	Quantity	Price (Rs)
23-05-05	Elder Pharmaceuticals	Citicorp Banking Corporation	Buy	115000	189.77
23-05-05	Elder Pharmaceuticals	HSBC Financial Services	Sell	107019	188.02
23-05-05	Sujana Universal Industries	Fujitsu Capital Markets	Sell	211625	24.81
23-05-05	KRBL	Emerging Capital Advisors	Buy	100000	147.78
23-05-05	Welspun Gujarat Stahl Rohren	Deutsche International Trust Corp	Sell	700000	59.66
23-05-05	Welspun Gujarat Stahl Rohren	Founders Asset Management LLC	Buy	601975	60.48
23-05-05	KEI Industries	ING Vysya Mutual Fund	Buy	155474	136.00
23-05-05	Murudeshwar Ceramics	Templeton Mutual Fund	Buy	222483	59.91
23-05-05	Savita Chemicals	HDFC Trustee Co	Buy	300000	270.00
23-05-05	Spanco Telesystems	HSBC Asste Management	Buy	397619	75.50
Source: NSE, BSE

 The market mood was one of caution though, on the possibility of oil prices going up again and a government report that showed rising personal incomes but slower growth in consumer spending. The US dollar was lower against other major currencies.  What to expect this week  Market trends are expected to remain firm this week. The progress of the monsoon will be keenly watched by market players and is expected to determine trends to a large extent. The meteorological department has forecast the monsoon to be normal at 98 per cent of the long-period average.  Results from corporates - including Mahindra & Mahindra, Colgate Palmolive, Indian Oil Corp and Tata Power - scheduled to be announced this week, are also likely to dictate the market mood. The sentiment will also depend on oil price trends apart from the direction of the US markets.

Stock of the week

Tide Water Oil
Last week's close (Rs)	1,451.55
Prev. week's close (Rs)	1,235.00
Week's high (Rs)	1,600.00
Week's low (Rs)	1,200.00
Last week's ave. daily turnover (Rs cr)	0.76
Prev. week's ave. daily turnover (Rs cr)	0.02
Futures close	NT
Number of up/down move	2/3

Lubricants company, Tide Water Oil's stock moved up an impressive 17.5 per cent at the bourses last week amidst a lot of positive news flowing in for the stock. The company's scrip revved up on reports that Oil and Natural Gas Corp (ONGC) was looking at buying a 27.2 per cent stake in Tide Water Oil.

The company, a part of state-owned Andrew Yule & Co (holds 27.2 per cent stake), manufactures Veedol range of lubricants. The scrip also moved up on expectations that price bids will be invited shortly for the company's disinvestment.

The counter witnessed a smart upmove after the Cabinet Committee on Disinvestment (CCD) cleared the sale of stake in the company on Friday. A number of PSU and foreign oil companies are reported to be in the fray for acquiring controlling stake in the company.