Sharekhan Post-Market Report dated April 25, 2008

Sharekhan's daily newsletter April 25, 2008 Index Performance Index Sensex Nifty Open 16,781.97 4,999.15 High 17,150.92 5,117.70 Low 16,781.97 4,999.15 Today's Cls 17,125.98 5,111.70 Prev Cls 16,721.08 4,999.85 Change 404.90 111.85 % Change 2.42 2.24   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Bharti Airtel 925.30 9.61 Chambal Fertilisers 72.05 8.35 Reliance Comm 577.05 8.31 Welspun Gujarat 541.60 6.84 Nagarjuna Fertilizers 51.05 6.69 Losers Gujarat NRE Coke 152.50 -6.38 Dish TV 57.75 -5.87 Moser Baer 178.35 -5.21 Hindustan Construction 125.30 -4.53 United Spirits 1,684.20 -3.87 Market Statistics - BSE NSE Advances 1,251 538 Declines 1,455 643 Unchanged 57 26 Volume(Nos) 35.40cr 61.27cr  Market Commentary  Late buying propels Sensex past 17,100 Action in heavyweights, Bankex and Teck stocks helped the Sensex end firm at 17,126. Lack of clarity and weak Asian indices saw the Sensex gyrate over 61 points in early trades. After a positive, the Sensex eased on profit-taking and touched the    day's low of 16,782. The market thereafter moved in a range with a mixed bias before buying in select heavyweights and up move in Bankex and Teck stocks lifted the index to an intra-day high of 17,151. The Sensex ended the session with gains of 17,126, up 405 points and the Nifty added 112 points to close at 5,112. Movers & Shakers Bharti Airtel scaled up on report that the company has announced Q4 AND FY2008 results. i-flex Solutions edged lower as Korea Exchange Bank completes implementation of Oracle Mantas. Zensar Technologies, whose Board of Directors has proposed a dividend, inched marginally higher. Hindustan Construction Company moved down despite a 37% rise in the net profit in FY2008 results. However, the market breadth was negative. Of the 2,763 stocks traded on the BSE, 1,455 stocks declined, 1,251 stocks declined and 57 stocks ended unchanged. Out of 11 sectoral indices, all the indices ended in green. The BSE Bankex index led the gainers pack and rose 3.33% at 8,868.08 and the BSE Teck index gained 3.16% at Rs3,396. Other indices ended with modest gains. Buying action was seen in select blue chip stocks. Bharti Airtel advanced 9.61% at Rs925.30, Reliance Communications jumped 8.31% at Rs577.05, ICICI Bank added 4.54% at Rs916.15, HDFC gained 4.04% at Rs2,694, Reliance Energy climbed 4.01% at Rs1,358 and SBI moved up by 4.01% at Rs1,750. However, ACC dropped 1.92% at Rs782.75, Maruti shed 1.17% at Rs737.25 and DLF was down 1% at Rs666.15. Bankex stocks were in the lime light. ICICI Bank vaulted 4.54% at Rs916.15, SBI flared up 4.01% at Rs1,750.10, HDFC Bank jumped 3.59% at Rs1,498, Bank of Baroda advanced 2.85% at Rs309.85 and Canara Bank added 2.56% at Rs238.40. Centurion Bank of Punjab, PNB, Yes Bank, Axis Bank and Allahabad Bank were up over 1-2% each. Over 2.94 crore RNRL shares changed hands on the BSE followed by IFCI (1.56 crore shares), Ispat Industries (1.42 crore shares), Nagarjuna Fertilisers (1.40 crore shares) and Tata Teleservices (1.18 crore shares). European Indices at 16:24 IST on 25-04-2008 Index Level Change (pts) Change (%) FTSE 100 Index 6064.40 13.70 0.23 CAC 40 Index 4988.75 59.20 1.20 DAX Index 6896.53 75.21 1.10 Asian Indices at close on 25-04-2008 Index Level Change (pts) Change (%) Nikkei 225 13863.47 322.60 2.38 Hang Seng Index 25516.78 -164.00 -0.64 Kospi Index 1824.68 25.34 1.41 Straits Times Index 3344.53 - - Jakarta Composite Index 2240.58 -29.40 -1.30