Markets at a glance

TRADING DESK

Return (%) 1 week1 month1 year BSE Sensex7148.623.518.3550.3 S&P CNX Nifty2194.353.347.3647.42 BSE-1003791.212.986.8950.15 BSE-200921.182.645.2950.03 BSE-5002925.972.464.8555.14 CNX Mid-cap 2003029.150.790.62106.16 CNX Nifty Junior4448.351.073.4858.54 S&P CNX 50000-100-100 FII Net inflows (Rs cr)*29-Apr2712.63323.240907.5 MF Net inflows (Rs cr)*-317.29-918.64-1046.123714.27 BSE turnover (Rs cr)@2996.863170.492309.352059.39 NSE turnover (Rs cr)@5872.965919.694528.924422.94 Sensex P/E@15.8715.7615.0914.16   BSE-Auto2939.543.643.7236.8 BSE-Bankex3963.580.143.7164.14 BSE-Cap. Goods3624.56-0.27-0.1688.39 BSE-Cons Durable2005.910.96.06132.1 BSE-FMCG1259.055.0811.3454.5 BSE-Healthcare2806.183.666.2334.55 BSE-IT Sector2852.582.017.1655.48 BSE-TECk1855.432.017.1755.44 CNX IT3023.252.376.8843.57 BSE-Metal5597.824.261.0264.84 BSE-Oil & Gas3427.635.3711.5942.4 BSE-PSU4344.971.441.5548.36   Nasdaq2053.27-1.760.151.37 Dow Jones10297.83-3.06-1.53-0.71 MSCI World1149.81-1.140.758.11 MSCI Emgerging Markets567.25-0.364.4132.31 MSCI Emerging Asia246.460.445.4527.64 Rs/$43.5600.02-4.95 Brent Crude (spot)$/Bbl56.880.0220.4663.5 * Figures for week, month and year are cumulative flows. @ Daily average turnover/Sensex P/E as on date, week-, month- and year-ago.  The stock gained 8.96 per cent last week to close at Rs 654.70, which translated into a 67.28 point contribution to the overall index. HLL (up 9.52 per cent at Rs 163.30), ONGC (up 5.45 per cent at Rs 968.15) and ITC (up 3.75 per cent at Rs 1603.90) were the other big gainers of the week.  The gains in these stocks added 59.35 points to the overall index. Only three stocks ended the week with losses. They were HDFC Bank (down 2.43 per cent at Rs 580.25), Bhel (down 2.96 per cent at Rs 849.40) and HDFC (down 1.17 per cent at Rs 851.20). The losses in these counters shaved off 12.93 points from the overall index.  Buying interest extended across sectors last week, which led to most of the sectoral indices closing with gains. The BSE Oil & Gas Index (up 5.37 per cent) and The BSE FMCG Index (up 5.08 per cent) have been the big gainers, while the BSE Capital Goods Index was the only one to report losses for the week.  Gains in heavyweights Reliance Industries, ONGC and Gail provided the momentum for the Oil & Gas Index, while top stocks HLL and ITC drove the FMCG Index upwards. As far as the Capital Gods Index was concerned, losses in engineering major Bhel (down 2.94 per cent at Rs 849.28), which has a 20 per cent weightage in index proved decisive, dragged the index.  The US markets suffered a terrible week, with leading indices closing with substantial losses. The Dow Jones Industrials lost more than 100 points for the second straight session on Friday as investors worried about the rising oil prices and its impact on corporate profits and overall economy.  The Dow Jones industrials ended the week down 3.06 per cent, finishing at 10,297.84, while the tech-laden Nasdaq fell 1.76 per cent during the week, to close at 2,053.27. Stocks crashed in a broad-based sell off after crude oil prices briefly hit the $60 a barrel mark. 
 

BULK DEALS
Date	Stock	Client	Deal type	Quantity	Price (Rs)
20-Jun-05	Swaraj Engines	Citigroup Global Markets	Sell	32840	532.64
21-Jun-05	Elder Pharmaceuticals	Mackennas Minerals & Equipments	Buy	235000	194.98
21-Jun-05	Excel Crop Care	Life Insurance Corporation of India	Buy	198654	190
21-Jun-05	GHCL	Gujarat Industrial Investment Corp	Sell	4696325	51.05
21-Jun-05	Hexaware Technologies	Deutsche Securities	Buy	1230000	134
21-Jun-05	Alfa Laval	Life Insurance Corporation of India	Buy	600000	701.99
22-Jun-05	Majestic Auto	Prudential ICICI Mutual Fund	Sell	100000	68.5
23-Jun-05	Prime Securities	GIC Mutual Fund	Sell	124516	34.94
23-Jun-05	Blue Dart Express	Reliance Capital	Buy	675000	365
23-Jun-05	Amtek Auto	Oppenheimar Funds	Buy	2600000	170
Source: NSE, BSE

 What to expect this week  The sentiment is likely to be good going forward, though some market players did not rule out a correction from the current all-time high levels. Reports of a deficient monsoon are also likely to have an impact on the markets.  The June 2005 derivatives contracts are due to expire on Thursday (June 30, 2005), which could lead to volatility. The markets will also be keenly watching the US Federal Reserve meeting scheduled for June 29 and June 30.  Several companies, including Pfizer, Ceat, Aurobindo Pharma, IPCA Labs and Ispat Industries, are also scheduled to announce their March quarter results this week.

Stock of the week 
 

Reliance Capital
Last week's close (Rs)	341.32
Prev. week's close (Rs)	235.75
Week's high (Rs)	344.88
Week's low (Rs)	249.45
Last week's ave. daily turnover (Rs cr)	936.99
Prev. week's ave. daily turnover (Rs cr)	130.83
Futures close June-2005 (Rs)	342.40
Futures close July-2005 (Rs)	343.45
Futures close August-2005 (Rs)	344.80
Number of up/down move	4/1

Reliance Capital was among the big gainers of last week, as the markets surged on the back of the settlement between the Ambani brothers. The stock closed Friday at its life-time high levels of Rs 341.32, up 44.78 per cent for the week.

Volumes at the counter also shot through the roof, with the average weekly turnover surging by more than 600 per cent. The scrip has gained more than 140 per cent since the start of the year. The stock performance was also helped by an overwhelming response to the company's preferential issue.

FIIs have bid for $1 billion worth of preferential equity as against the offer for $75 million worth of equity. Post-issue, the company is expected to be among the top three companies in the private financial services and banking sector.