| Typically, the bomb blast on Monday evening
followed by the bandh call on Wednesday would have been expected to
send the markets into a volatile fit but not this time. The market
largely remained bullish through the week despite continued rallying
and stock correction.
Fuelled by sustained interest in old economy counters, the 30-share
BSE Sensex closed the week this Friday above the 3800 mark at 3815.31,
up 22.70 points. It gained a strong 88.85 points over last week's
Friday close of 3726.46.
The NSE Nifty ended the day higher by 0.83 per cent at 1195.75.
By the end of the trading session, leaders to laggards parked at
17:13 on the BSE sensex, while overall scrips registered an advances/declines
ratio of 1,056:915, with 98 scrips remaining unchanged.
Total market cap for the BSE sensex was Rs 3124.4744 billion out
of which the media and publishing sector accounts for 1.56 per cent.
In line with the general trend of stock specific movements, media
stocks also showed mixed results. Adlabs closed on Friday at Rs
57 and Tips at Rs 46 gaining 3 per cent each over Thursday's close.
TV18 was up 1 per cent at Rs 109. The sliders were Zee Telefilms
at Rs 118.50, Mukta Arts at Rs 52.50 and Sri Adhikari Brothers at
Rs 70.40.
On week-on-week basis, Zee Telefilms Ltd, the only media company
on the 30-scrip BSE sensex, gained about two per cent over last
week's close of Rs 115.90 (25 July) to close on Friday at Rs 118.65.
The volume of shares traded was above 2.5 million shares. On the
Nifty, the scrip lost 2.35 per cent intra day to close the last
day of the week at Rs 118.50. NSE registered a volume of around
2.97 million shares.
Television Eighteen India scrip opened the day at Rs 108.95; dipped
very marginally to end the day at Rs 108.65. The volume of shares
traded was 185277. On the NSE, the scrip opened the day at Rs 106.55;
gained Rs 2.10 to end the day at Rs 108.65. The volume of shares
traded was 334494.
On the BSE, Balaji Telefilms opened the day at Rs 72.25 and closed
at Rs 71.70 ; and remained stable vis-à-vis Rs 72 on 25 July.
A total of 106158 shares were traded on the bourse. On the NSE,
the scrip opened the day at Rs 72.80; dropped marginally to end
the day at Rs 71.70. It traded a total of 203427 shares.
Sri Adhikari Brothers Television Network (SABTNL) opened the day
at Rs 73.95; dropped 3.56 per cent to end the day at Rs 70.40; as
against Rs 73 on 25 July. Traded volumes throw up a figure of 48022
shares. On the NSE, the scrip opened the day at Rs 73.10; dropped
about 3.56 per cent and ended the day at Rs 70.50. The volume of
shares traded was 104250.
On the BSE, Cinevista opened the day at Rs 30.80; dropped marginally
from the previous week's close of Rs 30 to end the day at Rs 29.75.
The scrip registered volumes of 1874 on the bourse. On the NSE,
the scrip opened at Rs 30.15 and ended the trade at Rs 30.30 to
effect volumes of 4835.
Creative Eye opened the last trading day of the week at Rs 14.65;
dropped 10 paise to end the day at Rs 14.55. On the NSE, the scrip
opened the day at Rs 15.00; dropped 2.66 per cent to end the day
at Rs 14.60.
Interestingly, on Wednesday, the day of the bandh, the Sensex closed
at 3780.42 scaling an intra day high of just under 3800 with volumes
on BSE reaching 138.77 million shares. Analysts felt that the bandh
had little chances of having any major impact on the markets because
now trading can easily be done across the exchanges even from far-flung
locations throughout the country.
All in all, analysts feel that the markets have been positive and
show promise of crossing the 4000 level as early as next week.
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