Sensex

Thursday, September 04, 2008

DG - FW: Sharekhan Post-Market Report dated September 04, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 September 2008 17:05
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 04, 2008

 

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September 04, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,895.85

4,512.95

High

14,994.15

4,514.60

Low

14,766.01

4,419.45

Today's Cls

14,899.10

4,447.75

Prev Cls

15,049.86

4,504.00

Change

-150.76

-56.25

% Change

-1.00

-1.25

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

KSK Energy

215.70

9.02

Akruti City

962.15

7.60

Aban Offshore

2,214.95

5.33

UCO Bank

42.40

4.56

Piramal Healthcare

345.00

3.71

Losers

GMDC

206.20

-14.51

Indiabulls Real Estate

289.35

-10.24

GSPL

59.85

-7.07

GE Shipping

363.90

-5.27

Indiabulls Securities

62.30

-4.67

Market Statistics

-

BSE

NSE

Advances

1,332

765

Declines

1,259

791

Unchanged

94

43

Volume(Nos)

25.19cr

47.67cr

 Market Commentary 

Unable to pass the baton

Taking cue from weak international markets, the Sensex loses over 1% due to heavy selling in heavyweights, realty and FMCG stocks.

The market failed to capitalise on the 551-point gain on Tuesday, as weak Asian indices and overnight fall on the US bourses weighed on sentiment.  

 

Barring information technology (IT), health care (HC) and automobile sectors, all other sectors witnessed selling.

The benchmark BSE-30 Sensex opened 154 points lower at 14,896 and never recovered from the early slump. While the market moved in a range below 15,000 for the better part of the trading session, the index witnessed a steep fall towards the closing hours and nearly breached the 14,800 mark to touch the day's low of 14,766. The Sensex pared losses on selective gains and ended the session with losses of 151 points at 14,899, while the Nifty declined 56 points to close at 4,448. 

The breadth of the market was strong. Of the 2,685 stocks traded on the BSE 1,332 stocks advanced, 1,259 stocks declined and 94 stocks ended unchanged. Among the sectoral indices, the BSE Reality dropped sharply and lost 3.20%, while the BSE FMCG, the BSE Oil & Gas, the BSE Metal and the BSE Power were down over 1% each. The BSE IT was the major gainer and gained 0.46% followed by the BSE HC and the BSE Auto.

Over 1.88 crore shares of Austral Coke changed hands on the BSE followed by Reliance Natural Resources (1.24 crore shares), Resurgere Mines and Minerals India (0.91 crore shares), IFCI (0.71 crore shares) and Dish TV (0.67 crore shares).

European Indices at 16:46 IST on 04-09-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5528.10

28.40

0.52

CAC 40 Index

4417.18

-29.95

-0.67

DAX Index

6402.91

-64.58

-1.00

Asian Indices at close on 04-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12557.66

-131.93

-1.04

Hang Seng Index

20389.48

-195.58

-0.95

Kospi Index

1426.43

-0.46

-0.03

Straits Times Index

2626.05

-80.48

-2.97

Jakarta Composite Index

2075.23

-40.76

-1.93

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