Sensex

Tuesday, May 20, 2008

DG - FW: Sharekhan Post-Market Report dated May 20, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 May 2008 16:44
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated May 20, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

May 20, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,366.05

5,157.00

High

17,367.13

5,160.05

Low

17,136.26

5,072.40

Today's Cls

17,230.18

5,104.95

Prev Cls

17,434.94

5,157.70

Change

-204.76

-52.75

% Change

-1.17

-1.02

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Videocon Industries

410.35

16.94

Cairn India

327.85

9.41

Adlabs Films

722.45

6.47

GSPL

72.75

5.74

Exide Industries

80.00

5.61

Losers

JP Associates

256.00

-5.22

Tech Mahindra

906.40

-5.19

Gujarat NRE Coke

149.60

-5.17

Phoenix Mills

375.15

-5.15

BOI

339.90

-5.14

Market Statistics

-

BSE

NSE

Advances

1,431

550

Declines

1,292

650

Unchanged

66

28

Volume(Nos)

32.85cr

52.56cr

 Market Commentary 

Sensex drops 205 points

The market took its cue from weak international markets and lost over 1% amid heavy selling in heavyweights, bank, realty and PSU stocks.

After the last week’s strong upsurge of 650 points, the market failed to rally further as weak Asian indices and overnight fall on the US bourses weighed on the   

 

sentiment. Barring the consumer durable stocks, selling was visible in all the sectors, from metals to banks. The benchmark BSE-30 Sensex opened with a negative gap of 69 points at 17,366 and never recovered from the early slump. While the market moved in a range below 17250 for the better part of the trading session, the index witnessed a steep fall towards the closing hours and nearly breached the 17150 mark to touch the day's low of 17136. The Sensex pared losses on selective gains and ended the session with losses of 205 points at 17230 while the Nifty declined 53 points to close at 5105.

Movers & Shakers

  • Educomp Solution inched lower despite reports that the company has acquired a 51% stake in Learning.com USA.
  • Sun TV Network faltered even though the company is launching its FM radio station at Kochi under the brand 'S FM' on May 21, 2008.


The breadth of the market was strong. Of the 2,789 stocks traded on the BSE 1,431 stocks advanced, 1,292 stocks declined and 66 stocks ended unchanged. Among the sectoral indices, the Bankex dropped sharply and lost 1.98% while the BSE Realty index, the BSE PSU index, the BSE HC index and the BSE Oil & Gas index were down over 1% each. The BSE CD index was the major gainer and gained 2.70% followed by the metal and auto stocks.

Heavyweights led the fall in the Sensex. Jaiprakash Associates dropped 5.22% at Rs256, Reliance Infra slumped 4.53% at Rs1,394.40, BHEL shed 3.28% at Rs1,736.50, SBI lost 2.85% at Rs1,655.45, Bharti Airtel slipped by 2.65% at Rs828.75 and NTPC tumbled 2.64% at Rs186. HDFC Bank, TCS, Hindalco, Wipro and Cipla declined over 2% each. Among the gainers, Satyam rose 1.32% at Rs1,494.60 while Tata Motors, Infosys, Tata Steel, ACC, HDFC and Ranbaxy ended with modest gains.

Banking stocks declined sharply. Bank of India dropped 5.14% at Rs339.90, Axis Bank declined 3.58% at Rs869.40, SBI lost 2.85% at Rs1,655.45 and Centurion Bank of Punjab slipped by 2.63% at Rs48.15. Yes Bank, Union Bank, ICICI Bank, KMFL and BOB were down around 1-2% each.

Over 1.46 crore shares of Aishwarya Tele changed hands on the BSE followed by IFCI (1.40 crore shares), Ispat Industries (1.14 crore shares), Cairn India (0.91 crore shares) and Nagarjuna Fertilizers (0.89 crore shares).

European Indices at 16:22 IST on 20-05-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6301.80

-74.70

-1.17

CAC 40 Index

5080.31

-61.79

-1.20

DAX Index

7157.65

-68.29

-0.95

Asian Indices at close on 20-05-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

14160.09

-109.52

-0.77

Hang Seng Index

25169.46

-572.77

-2.23

Kospi Index

1873.15

-12.22

-0.65

Straits Times Index

3199.88

-7.55

-0.24

Jakarta Composite Index

2510.96

42.12

1.71

To know more about our products and services, click here.

“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

To unsubscribe write to myaccount@sharekhan.com

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Search Ads

Get new customers.

List your web site

in Yahoo! Search.

How-To Zone

on Yahoo! Groups

Find garden, home

& auto groups.

.

__,_._,___

No comments: