Television

Markets wrap-up a positive week despite bandh and blast

MUMBAI: For a week that saw a bomb blast and a Shiv Sena called bandh in quick succession, the markets were quite buoyant, showing a healthy correction mid-week amidst liquidity driven rallying.

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-?-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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