Sensex

Tuesday, September 09, 2008

DG - FW: Sharekhan Post-Market Report dated September 09, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 September 2008 17:02
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 09, 2008

 

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September 09, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,852.20

4485.15

High

14,998.32

4497.50

Low

14,714.92

4418.95

Today's Cls

14,900.76

4468.70

Prev Cls

14,944.97

4482.30

Change

-44.21

-13.60

% Change

-0.30

-0.30

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IFCI

48.90

5.73

HPCL

243.55

4.84

Balrampur Chini

95.10

3.31

Tech Mahindra

796.10

2.84

Idea Cellular

85.10

2.72

Losers

Sterlite Ind

575.70

-7.50

Gujarat NRE Coke

86.45

-5.88

Areva

1,592.00

-5.31

REI Agro

1,238.45

-5.00

Hero Honda

825.00

-4.13

Market Statistics

-

BSE

NSE

Advances

1,195

444

Declines

1,443

741

Unchanged

74

55

Volume(Nos)

23.90cr

42.39cr

 Market Commentary 

Marginally down 

The Sensex languished in the negative territory for the better part of the trading session and ended 44 points lower at 14,901

After clocking gains of over 400 points in the yesterday’s session, the market succumbed to selling pressure on the second day of the week amid weak global indices. 

 

The Sensex resumed the day 93 points below its last close at 14,945 and slipped below 14,750 on sustained selling. The index fell sharply in the afternoon to touch the day's low of 14,715. However, the market soon witnessed a strong bounce back on the emergence of buying and touched an intra-day high of 14,998. The Sensex pared its losses considerably and ended the session at 14,901, down 44 points for the day, while the Nifty shed 14 points at 4,469. 

The market breadth was negative, as of the 2,711 stocks traded on the BSE, 1,443 stocks declined, while 1,195 stocks advanced. 74 stocks ended unchanged. Barring BSE Teck, BSE Oil & Gas and BSE IT, the rest of the sectoral indices ended lower. The BSE Metal index declined 1.78% at 11,801, while the BSE Bankex, the BSE Reality index, the BSE CD index and the BSE FMCG index shed around 1% each.

Among the losers, Sterlite Industries dropped 7.50% at Rs575.70, Tata Motors fell 3.68% at Rs420.40, BHEL shed 2.44% at Rs1746.95, SBI declined 1.95% at Rs1,560.55 and Ranbaxy Laboratories slipped 1.71% at Rs456.45. The other losers like DLF, Mahindra & Mahindra, Tata Power, ICICI Bank and ITC were down around 1% each. However, Maruti Suzuki India bucked the downtrend and jumped 2.10% at Rs708.20, Bharti Airtel gained 2.09% at Rs936.45, Reliance Communications advanced 1.68% at Rs405.25, Tata Consultancy Services was up 1.32% at Rs866.20 and Reliance Infrastructure added 1.18% at Rs1,070.90.

Over 2.14 crore IFCI shares changed hands on the BSE followed by Austral Coke (1.06 crore shares), Resurgee Mines & Minerals Inida (86.45 lakh shares), Reliance Natural Resources (74.30 lakh shares) and Reliance Power (58.02 lakh shares).

European Indices at 16:15 IST on 09-09-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5522.60

76.30

1.40

CAC 40 Index

4380.66

40.48

0.93

DAX Index

6323.01

59.27

0.93

 

Asian Indices at close on 09-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12400.65

-223.81

-1.77

Hang Seng Index

20491.11

-303.16

-1.46

Kospi Index

1454.50

-22.15

-1.50

Straits Times Index

2673.21

-23.82

-0.88

Jakarta Composite Index

1958.75

-79.24

-3.89

 

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