Sensex

Wednesday, June 18, 2008

DG - FW: Sharekhan Post-Market Report dated June 18, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 18 June 2008 16:44
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated June 18, 2008

 

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June 18, 2008

 

Index Performance

Index

Sensex

Nifty

Open

15,744.21

4,652.80

High

15,789.62

4,679.75

Low

15,390.22

4,569.90

Today's Cls

15,422.31

4,582.40

Prev Cls

15,696.90

4,653.00

Change

-274.59

-70.60

% Change

-1.75

-1.52

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Torrent Power

119.05

10.74

Ambuja Cements

90.65

4.80

Reliance Industrial Infra

1,060.60

4.37

GVK Power

43.00

4.37

Lanco Infra

407.00

4.07

Losers

United Breweries

523.70

-6.80

Indiabulls Real Estate

397.90

-6.07

IVRCL Infra

362.95

-5.26

Axis Bank

753.25

-5.16

Sun TV

328.25

-5.01

Market Statistics

-

BSE

NSE

Advances

1,254

497

Declines

1,402

703

Unchanged

75

20

Volume(Nos)

34.22cr

55.34cr

 Market Commentary 

Market slips after two-session rally 

The Sensex gyrated 400 points during intra-day trades and ended just above 15,400 on late selling pressure.

The northward journey of the market finally got derailed on the third day of the trading week, after a sharp bout of selling in afternoon ensured that the   

 

market remains in negative territory till the close. The last two trading sessions had seen the market register gains of over 500 points on the back of firm international markets. 

The overnight fall in the US markets and mixed Asian indices saw brisk activity in early trades, with the Sensex witnessing a swing of over 400 points. After resuming 47 points higher at 15,744, the index eased on profit taking and remained range-bound with a negative bias in the first half of the trading session. A wave of selling in heavyweights and select sectoral stocks triggered a major fall, with the index slipping nearly below the 15,400 mark and touching the day's low of 15,390. The Sensex however managed to erase some losses on selective buying and closed the session with losses of 275 points at 15,422, while Nifty declined by 71 points at 4,582.

Movers & Shakers

  • ICSA India moved down despite receiving the approval for setting up a wind power project.
  • UTV Software Communications moved up after the company recommended a 10% dividend, Re1, per share on the face value of Rs10 equity share.
  • PI Industries moved down after the company recommended a right issue and a bonus issue.


The broader market was in red. Of the 2,731 stocks traded on the BSE, 1,402 stocks declined, 1,254 stocks advanced and 75 stocks ended unchanged. Among the sectoral indices only two ended in green. BSE Realty was the biggest laggard and moved down 3.50% at 5,885.75 followed by BSE Bankex index (down 3.45% at 7,306.44) and BSE IT index (down 2.39% at 4333.94). However, BSE FMCG index gained 0.37% at 2,310.11 followed by BSE Auto index (up 0.11% at 4,179.54). 

Among the laggards, ICICI Bank was down 4.25% at Rs771, HDFC Bank declined by 3.40% at Rs1,161.20, Tata Steel shed 3.18% at Rs818, Larsen & Toubro dropped 3.12% at Rs2,725, Jaiprakash Associates lost 2.93% at Rs180.50 and Reliance Infrastructure fell 2.83% at Rs1,065.20. However, select heavyweights attracted decent buying support. Ambuja Cement surged 4.80% at Rs90.65, Ranbaxy Laboratories rose 2.88% at Rs598.20, Grasim Industries jumped 2.38% at Rs2,177.25, Maruti Suzuki India added 1.24% at Rs765 and Hindalco gained 0.96% at Rs174.30.

Select realty stocks witnessed considerable selling pressure. Anant Raj Industries dropped 7.46% at Rs166.90, indiabulls Real Estate lost 6.07% at Rs397.90, Puravankara Projects declined by 4.44% at Rs200.35, Sobha Developers slipped by 3.36% at Rs395.45, Unitech lost 3.31% at Rs200.25 and Phoenix Mills was down 3.04% at Rs255.30.

Over 1.49 crore Anu’s Laboratories shares changed hands on the BSE followed by Ispat Industries (1.39 crore shares), Chambal Fertilisers (1.30 crore shares), RNRL (1.27 crore shares), IFCI (1.14 crore shares) and Nagarjuna Fertilisers (1.05 crore shares).

European Indices at 16:24 IST on 18-06-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5774.80

-87.10

-1.49

CAC 40 Index

4638.07

-48.26

-1.03

DAX Index

6744.87

-51.29

-0.75

Asian Indices at close on 18-06-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

14452.82

104.45

0.73

Hang Seng Index

23325.80

267.81

1.16

Kospi Index

1774.13

23.42

1.34

Straits Times Index

3040.09

11.85

0.39

Jakarta Composite Index

2364.58

-13.39

-0.56

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