Sensex

Tuesday, September 16, 2008

DG - FW: Sharekhan Post-Market Report dated September 16, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 16 September 2008 17:13
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 16, 2008

 

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September 16, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,086.02

4,072.55

High

13,556.03

4,090.10

Low

13,051.73

3,919.35

Today's Cls

13,518.80

4,074.90

Prev Cls

13,531.27

4,072.90

Change

-12.47

2.00

% Change

-0.09

0.05

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

KSK Energy

202.05

17.13

Tata Comm

424.95

7.56

Canara Bank

217.60

7.06

SBI

1,585.50

6.49

Indian Overseas Bank

100.35

6.08

Losers

Bajaj Finserv

401.85

-8.70

NMDC

232.25

-8.53

Gujarat NRE Coke

69.80

-8.40

Sesa Goa

119.80

-7.38

Oracle Financial

955.15

-7.32

Market Statistics

-

BSE

NSE

Advances

886

420

Declines

1,752

1,047

Unchanged

73

25

Volume(Nos)

26.42cr

48.88cr

 Market Commentary 

Bulls put a brave front

A late rally in oil & gas, banking and public sector unit stocks led the market recover, and the Sensex to close the day with a marginal loss of 12 points.

The market erased the 479-point loss incurred during the intra-day trades after a strong bout of buying led by State Bank of India (SBI), Sterlite Industries and

 

Reliance Industries Ltd (RIL) in afternoon turned the bearish sentiment to bullish. The 30-stock Sensex of the BSE started the day 445 points lower at 13,086 taking cue from weak Asian indices and crashed to the day's low of 13,052 on relentless selling pressure amid high volatility. The market showed strong optimism thereafter and the Sensex witnessed a sharp turn-around, as gains in heavyweight, oil & gas and banking stocks propelled it to an intra-day high of 13,556. For the later part of the trading session, the market was extremely choppy and gyrated between the positive and negative territories. The Sensex closed the session with a marginal loss of 12 points at 13,519, while the 50-stock Nifty of the NSE ended two points up at 4,075. 

The market breadth was negative. Of the 2,711 stocks that traded on the BSE, 1,752 stocks declined, 886 stocks advanced and 73 stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE Realty index declined 3.93% at 4,163 followed by the BSE CD index (down 2.88% at 3,338.22) and the BSE HC index (up 2.20% at 3,941). However, the BSE Oil index rose 1.29% at 8,928, the BSE Bankex (up 0.89% at 6,852) and the BSE PSU index (up 0.39% at 6,461). 

Among the Sensex stocks, SBI was the leading gainer and its stock price soared 6.49% at Rs1,585.50. Among the other stocks, Sterlite Industries advanced 2.66% at Rs477.70, RIL jumped 2.35% at Rs1,928.45, HDFC Bank gained 2.16% at Rs1,230.05, ITC moved up by 2.16% at Rs194, Tata Motors added 2% at Rs398.40 and Bharti Airtel surged 1.21% at Rs774.75. Among the laggards, ICICI Bank slipped 5.82% at Rs591.35, JP Associates shed 5.09% at Rs139.80, Maruti Suzuki India declined by 3.55% at Rs697.75, Ranbaxy Laboratories fell by 3.23% at Rs405.90 and Satyam Computer Services lost 3.21% at Rs356.35. 

Over 1.49 crore shares of Reliance Natural Resources changed hands on the BSE followed by IFCI (1.05 crore shares), Ispat Industries (70.49 lakh shares), Chambal Fertilisers & Chemicals (64 lakh shares) and GVK Power (55.99 lakh shares).

Reliance Capital registered a turnover of Rs357 crore on the BSE followed by ICICI Bank (Rs324 crore), Bharti Airtel (Rs257 crore), RIL(Rs253 crore) and HDFC (Rs239 crore).

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

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5100.80

-103.40

-1.99

CAC 40 Index

4125.65

-43.32

-1.04

DAX Index

5990.14

-74.02

-1.22

Asian Indices at close on 16-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

11609.72

-605.04

-4.95

Hang Seng Index

18300.61

-1052.29

-5.44

Kospi Index

1387.75

-90.17

-6.10

Straits Times Index

2461.43

-25.12

-1.01

Jakarta Composite Index

1735.63

16.38

0.95

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