Sensex

Wednesday, January 30, 2008

DG - FW: Sharekhan Post-Market Report dated January 30, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 January 2008 19:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 30, 2008

 

 

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January 30, 2008

 

Index Performance

Index

Sensex

Nifty

Open

18,120.22

5,283.75

High

18,129.18

5,314.30

Low

17,683.51

5,142.25

Today's Cls

17,758.64

5,167.60

Prev Cls

18,091.94

5,280.80

Change

-333.30

-113.20

% Change

-1.84

-2.14

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Nicholas Piramal

320.00

7.76

Sun Pharma

1,131.00

6.79

Asian Paints

1,172.40

6.15

Lupin

544.95

5.90

Raymond

358.00

5.45

Losers

Aurobindo Pharma

332.80

-12.06

Lanco Infra

482.35

-9.08

Titan Industries

1,161.30

-8.13

IVR Prime

270.80

-8.08

Brigade Enterprises

299.60

-7.82

Market Statistics

-

BSE

NSE

Advances

726

275

Declines

2,018

907

Unchanged

43

13

 Market Commentary 

Market slips below 18,000 again

Broad-based selling on the back of the weakness in global markets saw the Sensex shed 333 points for the day. 

Across-the-board selling saw the market slip by 1.84% as the Sensex followed the weak international markets. Despite opening on a positive note at 18,120, the Sensex

 

quickly slipped in the red and the market fell further as the sentiment turned extremely bearish. Europe's largest bank by assets, UBS AG reported record loss of about $14 billion on assets infected by subprime mortgages in the US also dampened the sentiment. The sharp fall in the heavyweights and a correction in oil, consumer durables, and FMCG stocks dragged the index below the 17,700 mark in the afternoon to touch the day's low of 17,684, down 408 points. The market remained nervous thereafter and the Sensex finally closed with losses of 333 points at 17,759, while the Nifty shed 113 points to close at 5,168.

Movers & Shakers

  • Aurobindo Pharma tumbled as the stand-alone revenues of the company declined by 3.3% to Rs510.8 crore in Q3FY2008.
  • Andhra Bank slipped though the bank reported a profit after tax (PAT) of Rs159 crore for Q3FY2008, a growth of 16.7% year on year (yoy) and 5.2% quarter on quarter.
  • M&M closed in the red despite the company reported a revenue growth of 14.1% yoy to Rs2,940.2 crore in Q3FY2008.
  • Bajaj Auto fell on reporting a 2.6% year-on-year decline in its revenues to Rs2,501.7 crore in Q3FY2008.
  • Sun Pharmaceuticals surged as the consolidated net sales of the company grew by 48.96% yoy to Rs804.0 crore in Q3FY2008.


The breadth of the market was weak. Of the 2,787 stocks traded on the BSE, 2,018 stocks declined, 726 stocks advanced and 43 stocks ended unchanged. The sectoral indices were largely weak. The BSE Oil & Gas index lost 4.45%, the BSE Power index declined by 2.88% and the BSE CD shed 2.73% and the rest closed with marginal losses. 

Several heavyweights took a sharp tumble on late selling pressure. Among power stocks, Reliance Energy slipped and shed 5.44% at Rs1,992 and NTPC tumbled by 4.70% at Rs202. Among the other major losers HLL slumped by 5.14% at Rs197, ONGC lost 4.94% at Rs969, Reliance Communications slipped by 4.74% at Rs612, Reliance Industries dipped 4.12% at Rs2,470 and Bajaj Auto shed 3.26% at Rs2,301. Select counters, however, ended in the green. BHEL advanced by 1.82% each at Rs2,089, HDFC gained 1.53% at Rs2,894 and Tata Steel added 1.02% at Rs724.

Over 1.58 crore Reliance Natural Resources shares changed hands on the BSE followed by Ispat Industries (1.04 crore shares), Reliance Petroleum (94.05 lakh shares), Essar Oil (94.49 lakh shares) and Himachal Futuristic Communications (63.17 lakh shares).

Valuewise, Reliance Natural Resources registered a turnover of Rs223 crore on the BSE followed by Essar Oil (Rs217 crore), Reliance Energy (Rs178 crore), Reliance Petroleum (Rs155 crore) and Reliance Capital (Rs138 crore).

European Indices at 16:08 IST on 30-01-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

5839.30

-45.90

-0.78

CAC 40 Index

4856.76

-84.69

-1.71

Dax Index

6847.19

-45.35

-0.66

Asian Indices at close on 30-01-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13345.03

-133.83

-0.99

Hang Seng

23653.69

-638.11

-2.63

Kospi Composite

1589.06

-45.85

-2.98

Straits Times

3000.03

-49.87

-1.64

Jakarta Composite

2610.36

2.52

0.10

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