Sensex

Wednesday, August 27, 2008

DG - FW: Sharekhan Post-Market Report dated August 27, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 August 2008 16:56
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 27, 2008

 

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August 27, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,563.10

4,336.85

High

14,563.10

4,364.25

Low

14,261.69

4,282.65

Today's Cls

14,296.79

4,292.10

Prev Cls

14,482.22

4,337.50

Change

-185.43

-45.40

% Change

-1.28

-1.05

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

KSK Energy

169.75

10.44

Bajaj Auto

579.55

5.73

Educomp Solutions

3,447.90

3.18

Dr Reddy's

589.90

2.84

United Phosphorus

327.40

2.14

Losers

Indiabulls Securities

68.10

-9.08

Indiabulls Real Estate

261.70

-8.59

Chambal Fertilisers

72.70

-7.27

Welspun Gujarat

318.90

-5.79

Edelweiss Capital

543.85

-4.80

Market Statistics

-

BSE

NSE

Advances

1,021

440

Declines

1,583

763

Unchanged

103

36

Volume(Nos)

21.71cr

36.55cr

 Market Commentary 

Last-hour selling pips market 

The market slips in noon trades and the Sensex sheds 185 on pervasive selling pressure.

The 30-stock Sensex of the BSE started the day with an optimistic note—81 points higher than its previous close (14,483).However, in the next 10 minutes it was trading below the previous  

 

close, and all through the day it traded below this level. Action was witnessed an hour-and-a-quarter before the closing bell—the index fell precipitously and in the next 45 minutes the Sensex was trading at the lowest of the day, more than 200 points lower.
The slide was driven by selling in heavyweights and major correction in reality, banking, power, capital goods and consumer durable stocks.The index wrapped up the day 185 points or 1.28% lower. 

The 50-stock Nifty also witnessed almost similar up and downs and wound up the day 45 points or 1.05% lower. 

All the 13 sectoral indices ended lower today. BSE Realty (-3.5%), BSE Bankex (-2.14%) and BSE Power (-1.41%) were the top three losing indices for the day. BSE CG, BSE Oil & Gas and BSE PSU lost around 1%, while the remaining seven indices posted marginal losses. 

The breadth of the market was extremely negative, as around 58% stocks (1,583 stocks) declined while 38% stocks (1,021 stocks) advanced. Around 4% stocks (103 stocks) ended unchanged. 
Of the 30 stocks that constitute the Sensex, only four stocks added to their values. These stocks were Hindalco, up 2.06% at Rs138.50, Infosys Technologies up 0.50% at Rs1,708, Tata Steel up 0.67% at Rs581.40 and Mahindra & Mahindra up 0.29% at Rs575.90.

Among the major losers, DLF tumbled 3.99% at Rs478.20, Reliance Infrastrusture plunged 3.65% at Rs965.75, State Bank of India slumped 2.96% at Rs1,330.90, ICICI Bank dropped 2.71% at Rs648.85, HDFC shed 2.47% at Rs2,286, Tata Motors lost 2.43% at Rs422.80, BHEL declined 3% at Rs1,748 and Reliance Communications down 2.34% at Rs397.30. Other frontline stocks too were down around 0.50-2% each. 

Reality stocks were hit the hardest. Indiabulls Realestate crashed 8.59% at Rs261.70, DLF tumbled 3.99% at Rs478.20, Ansal Properties declined 3.11% at Rs99.65 and Unitech dropped 2.28% at Rs156.35. Akruti City, Peninsula Land, Orbit Corporation, Parsvnath Developers and Mahindralife were down over 1-2% each.

On turnover front, over 1.30 crore Nutek India shares changed hands on the BSE followed by Reliance Natural Resources (1.20 crore shares), GTL Infrastructure ( 78.68 lakh shares), Firstsounce Solutions (74.85 lakh shares) and Chambal Fertilisers & Chemicals(62.06 lakh shares).

European Indices at 16:10 IST on 27-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5458.90

-11.80

-0.22

CAC 40 Index

4318.77

49.78

-1.14

DAX Index

6266.82

-73.70

-1.16

Asian Indices at close on 27-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12752.96

-25.75

-0.20

Hang Seng Index

21464.00

408.06

1.94

Kospi Index

1493.92

3.67

0.25

Straits Times Index

2705.09

-2.10

-0.08

Jakarta Composite Index

2131.06

23.51

1.12

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