Sensex

Friday, August 08, 2008

DG - FW: Sharekhan Post-Market Report dated August 08, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 08 August 2008 16:55
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 08, 2008

 

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August 08, 2008

 

Index Performance

Index

Sensex

Nifty

Open

15,036.57

1,518.35

High

15,228.82

4,546.35

Low

14,888.12

4,464.00

Today's Cls

15,167.82

4,529.50

Prev Cls

15,117.25

4,523.85

Change

50.57

5.65

% Change

0.33

0.12

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

EIH

134.30

10.04

Pentaloon Retail

404.00

6.82

Tata Chemicals

346.85

6.49

Torrent Power

114.50

6.17

Kotak Bank

638.95

6.04

Losers

Cairn India

232.90

-5.15

Voltas

137.20

-4.76

Indian Hotels

81.80

-4.16

Ambjuja Cements

87.00

-3.49

Ansal Infra

101.15

-3.39

Market Statistics

-

BSE

NSE

Advances

1,323

571

Declines

1,405

626

Unchanged

71

36

Volume(Nos)

34.25cr

57.66cr

 Market Commentary 

Last minute buying lifts market 

After witnessing volatile intra-day moves, the markets finally end bit higher. 

While majority of the Asian markets took a sharp dip today, the domestic indices shrugged off the volatile intra-day moves and closed a bit positive.   

 

The Sensex opened at 15,037, 81 points below its previous close and declined below the 14,900 mark in the early trades. Displaying sideways movement for a while, the index resumed its drop and drifted into the red. It tumbled sharply in the early noon trades to touch the day's low of 14,888, down 229 points from its last close.

The last hour however witnessed hectic activity and selective buying saw the Sensex recover the losses and end in the green with a gain of 51 points at 15,168. Nifty too after a mixed outing, moved up 6 points to close at 4,530.

Movers & Shakers

  • SEL Manufacturing moved down sharply, despite the reports that the company has received export order for 1.1 million pieces of readymade inner wears.
  • Deep Industries flared up on the reports that the company has secured contract from Chennai Petroleum Corporation for compression of natural gas at Kamalapuram for five years. The contract is valued at Rs103 million.


Inspite of the positive closing, the broader market was tad negative. Of the 2,799 stocks traded on the BSE, where 1,405 stocks declined, 1,323 stocks advanced; 71 stocks ended unchanged.

The BSE Metal index led the surge in the sectoral indices and rose 1.65% at 13,099. The BSE Bankex, BSE CG index, BSE PSU index, BSE HC index, BSE HC index, BSE Power index, BSE CD index and BSE Auto index were the other notable gainers while BSE IT, BSE Realty index and BSE Teck index ended weak.

Buying was led by Sterlite Industries, which notched up gains of 4.10% at Rs639.20. Among other gainers, ONGC advanced 3.99% at Rs1,064, ICICI Bank added 2.88% at Rs728.90, L&T moved up 2.76% at Rs2,834, HDFC Bank jumped by 2.11% at Rs1,280.20, Hndalco gained 1.87% at Rs144.65 and Maruti Suzuki India was up 1.66% at Rs679.65. However, Grasim Industries, Wipro, Infosys, JP Associates, Satyam Computer Services, ACC and DLF were down 1-2% each. 

Over 2.88 crore Reliance Natural Resources shares changed hands on the BSE followed by Chambal fertilisers (1.61 crore shares), Nagarjuna Fertlisers (1.34 crore shares), Ispat Industries (1.02 crore shares) and Reliance Petroleum (0.67 lakh shares).

European Indices at 16:00 IST on 08-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5478.30

0.80

0.01

CAC 40 Index

4479.63

22.20

0.50

DAX Index

6555.62

12.13

0.19

Asian Indices at close on 08-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13168.41

43.42

0.33

Hang Seng Index

21885.21

-218.99

-0.99

Kospi Index

1568.72

4.72

0.30

Straits Times Index

2807.54

-27.17

-0.96

Jakarta Composite Index

2195.92

-3.08

-0.14

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