Markets at a glance

Return (%)

1 week1 month1 year BSE Sensex7210.770.878.3448.05 S&P CNX Nifty2211.90.87.1343.86 BSE-1003822.890.846.7947.01 BSE-200926.40.575.0445.52 BSE-5002941.220.524.7150.13 CNX Mid-cap 2003034.750.181.4796.59 CNX Nifty Junior4491.80.982.7652.08 S&P CNX 5001912.350.474.0250.48 FII Net inflows (Rs cr)*732.11922.75553.943158.9 MF Net inflows (Rs cr)*-57.55-431.73-1805.083061.78 BSE turnover (Rs cr)@2423.243116.062562.422082.73 NSE turnover (Rs cr)@4835.995985.014866.674456.01 Sensex P/E@1615.8715.1514.56   BSE-Auto2944.280.163.7731.49 BSE-Bankex4049.682.177.4265.05 BSE-Cap. Goods3705.892.242.3381.21 BSE-Cons Durable2024.890.957.65119.22 BSE-FMCG1295.492.897.8555.79 BSE-Healthcare2851.751.624.1432.84 BSE-IT Sector2888.191.257.4354.34 BSE-TECk1884.831.587.9752.48 CNX IT3051.350.936.7342.54 BSE-Metal5360.63-4.240.1250.4 BSE-Oil & Gas3391.67-1.059.9935.41 BSE-PSU4352.080.161.4140.97   Nasdaq2057.370.2-1.932.53 Dow Jones10303.440.05-2.370.2 MSCI World1147.830.06-0.089.13 MSCI Emgerging Markets568.160.383.9432.27 MSCI Emerging Asia244.3-0.23.5227.26 Rs/$43.49-0.16-0.48-5.21 Brent Crude (spot)$/Bbl56.16-1.912.7557.66 * Figures for week, month and year are cumulative flows. @ Daily average turnover/Sensex P/E as on date, week-, month- and year-ago.  ITC (up 4.21 per cent to Rs 1671.40) was the biggest contributor to the rise in the index, with the gains at the counter adding 19.23 points to the index. HDFC Bank (up 6.50 per cent at Rs 617.95), Infosys (up 1.66 per cent at Rs 2350.80) and SBI (up 4.04 per cent at Rs 706.20) were the other stocks which made double-digit contributions to the upmove.  On the other hand, profit-booking in Reliance Industries, the stock with the second highest weightage in the index, proved to be a drag.  The stock lost 2.30 per cent to close at Rs 639.65, which led to 18.83 points being shaved off the index. Tata Steel (down 5.35 per cent at Rs 343.95) and Ranbaxy (down 2.37 per cent at Rs 1078) were the other prominent losers of the week.  In keeping with the overall market trends, most of the sectoral indices ended the week with gains. The BSE FMCG Index moved up the maximum (up 2.89 per cent), on the back of gains in heavyweights ITC and HLL.  The BSE Capital Goods Index and the BSE Bankex also witnessed upmoves. While the former was helped by gains in the top two scrips in the index, Larsen & Toubro and Bhel, leading banking stocks HDFC Bank, SBI and ICICI Bank provided the push to the BSE Bankex.  The only two losers among indices were the BSE Metal Index and the BSE Oil & Gas Index. The metal index was undone by declines in top stocks, Tata Steel and Hindalco, whereas losses in Reliance Industries proved to be the drag on the oil & gas index.  US indices ended the week with minor gains ahead of a long holiday weekend. The markets had witnessed a sell-off on Thursday, after the US Federal Reserve raised the overnight bank lending rate, another quarter point to 3.25 per cent.  However, it recovered on Friday as strong manufacturing data reassured investors that the economy can still expand in the face of rising interest rates and higher energy prices.  In currency trading, the dollar gained versus the euro and the yen. Next week's focus will be on June payrolls report, scheduled to be released on Friday, and the start of the second-quarter earnings reporting period scheduled to start later in the week. 
 

BULK DEALS
Date	Stock	Client	Deal type	Quantity	Price (Rs)
27-Jun-05	Colgate Palmolive	Birla Mutual Fund	Sell	800000	239.25
27-Jun-05	Dhampur Sugar Mills	Merrill Lynch Capital Markets	Buy	250000	132.51
28-Jun-05	Aarti Drugs	Morgan Stanley & Co International	Buy	200000	152.25
28-Jun-05	Indusind Bank	Emerging Market Management LLC	Buy	6000000	73.93
28-Jun-05	Sakthi Sugars	Carlson Fund	Buy	425000	76.33
29-Jun-05	Uttam Gava Steels	SBI Mutual Fund	Sell	570000	40.13
29-Jun-05	Videocon International	Emerging Market Management LLC	Sell	900000	70.51
30-Jun-05	Alok Industries	Goldman Sachs Investment	Buy	875629	62.43
30-Jun-05	Strides Arcolab	Morgan Stanley & Co International	Sell	173078	252.07
30-Jun-05	HDFC Bank	Merrill Lynch Capital Markets	Buy	12581455	633.89
Source: NSE, BSE

 What to expect this week  Bullish trends are expected to continue even as the markets keep testing new highs every week. Strong FII inflows have once again proved to be the driver of the current rally.  The advance of the monsoon and the lower oil prices are also expected to bode well for the overall sentiment.  The next major trigger for the markets is likely to be the June-quarter results season, due to start in a few days. Operators are likely to build up positions ahead of the results.  

Stock of the week

Viceroy Hotels
Last week's close (Rs)	90.95
Prev. week's close (Rs)	57.25
Week's high (Rs)	90.95
Week's low (Rs)	55.10
Last week's ave. daily turnover (Rs cr)	13.31
Prev. week's ave. daily turnover (Rs cr)	1.60
Futures close	NT
Number of up/down move	4/1

Viceroy Hotels' stock was one of the highest gainers last week as it surged 58.86 per cent while volumes zoomed over 550 per cent amidst heavy buying.

The stock also hit the 20 per cent upper circuit in the last trading session. The surge followed the company's decision to sell its US subsidiary.

The stock has been in the limelight of late and witnessed a sharp upsurge, indicating that the market had an inkling of the deal.

The company announced that its board of directors has approved the 100 per cent outstanding equity disinvestment of wholly owned subsidiary Mayuri India Cuisine Inc, Dallas, USA.

It is also said to have considered restructuring and the sell-off is a part of this exercise. The stock has gained over 160 per cent in the last one month from a low of Rs 34 to the latest close of Rs 90.95.