Sensex

Wednesday, August 20, 2008

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 August 2008 17:02
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 20, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

August 20, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,610.57

4,365.45

High

14,746.20

4,434.90

Low

14,584.03

4,365.45

Today's Cls

14,678.23

4,415.75

Prev Cls

14,543.73

4,368.25

Change

134.50

47.50

% Change

0.92

1.09

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

ABG Shipyard

398.25

6.88

Engineers India

623.00

6.76

India Infoline

146.50

6.39

SAIL

147.85

5.53

RCF

68.35

5.07

Losers

Indiabulls Financial

271.55

-2.93

ONGC

1,035.85

-2.52

M&M

549.55

-2.08

United Spirits

1,270.25

-2.07

Jai Corp

341.95

-1.81

Market Statistics

-

BSE

NSE

Advances

1,666

829

Declines

969

357

Unchanged

83

46

Volume(Nos)

26.08cr

43.78cr

 Market Commentary 

Bulls strike back 

After losing for five straight trading days, the Sensex rallies sharply on all-round buying support and ends a solid 135 points higher. 

The Sensex, which saw a 79-point loss on Monday and a 102-point loss on Tuesday, staged a strong comeback today.  

 

In perspective, the Sensex seems all set to buck the losing trend, today. The 30-stock index started the day 67 points higher from yesterday’s closing taking cue from buoyant Asian indices. On the back of strong buying in heavyweights, realty, capital goods and health care stocks, the index rallied to today’s high of 14,746 (around 222 points higher than yesterday’s close) in afternoon. The index held the high ground and traded above 14,600 (about 70 points higher from yesterday’s closing) for the major part of the day and finally ended at 14,678, up 135 points its yesterday’s close. The 50-stock Nifty of NSE advanced 48 points to close at 4,416.

All 13 sectoral indices bar fast moving consumer good (FMCG; down 0.01%) index of the BSE ended the session with gains. Realty index (up 2.13%) led the list of sectoral indices that posted gains for the day, followed by power, metal, capital goods, and health care indices each of which ended around 2% higher. 

Among the gainers in heavyweights, Reliance Communications soared 4% at Rs415.80, Grasim Industries flared up 3.48% at Rs2,025.15, BHEL jumped 3.41% at Rs1,735.05, HDFC Bank scaled up 3.28% at Rs1,247, Bharti Airtel surged 2.96% at Rs815, Ranbaxy Laboratories added 2.71% at Rs505.65, DLF jumped 1.72% at Rs509 and Reliance Infrastructure gained 1.55% at Rs1,009.70. However, ONGC, Mahindra & Mahindra, and Satyam Computer services registered marginal losses for the day.

The market breadth was extremely positive as around 61% stocks (1,662 stocks) advanced, while around 35% stocks (970 stocks) declined on the BSE. Around 3% stocks (86 stocks) ended unchanged. 

On turnover front, over 1.89 crore Reliance Natural Resources shares changed hands on the BSE followed by Chambal Fertilisers & Chemicals (1.14 crore shares), Ispat Industries (0.96 crore shares), Vishal Information Technologies (0.91 Crore shares) and Nagarjuna Fertilisers & Chemicals (76 lakh shares).

In value terms, Vishal Information Technologies registered a turnover of Rs286 crore followed by Reliance Capital (Rs233 crore), Reliance Natural Resources (Rs187 crore), Reliance Industries (Rs168 crore), and SEL Manufacturing Company (Rs159 crore). 

European Indices at 16:15 IST on 20-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5352.60

32.20

0.61

CAC 40 Index

4352.69

19.90

0.46

DAX Index

6290.00

7.57

0.12

Asian Indices at close on 20-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12851.69

-13.36

-0.10

Hang Seng Index

20931.26

446.89

2.18

Kospi Index

1540.71

-0.70

-0.05

Straits Times Index

2751.75

23.36

0.86

Jakarta Composite Index

2069.69

27.20

1.33

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.

New web site?

Drive traffic now.

Get your business

on Yahoo! search.

Real Food Group

Share recipes,

restaurant ratings

and favorite meals.

.

__,_._,___

No comments: