| | | | Index Performance | | Index | Sensex | Nifty | | Open | 12,712.82 | 4,005.25 | | High | 13,346.79 | 4,050.10 | | Low | 12,558.14 | 3,799.55 | | Today's Cls | 13,315.60 | 4,038.15 | | Prev Cls | 13,262.90 | 4,008.25 | | Change | 52.70 | 29.90 | | % Change | 0.40 | 0.75 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | OnMobile Global | 470.80 | 10.21 | | Rolta India | 293.20 | 9.96 | | IOB | 110.45 | 7.49 | | Suzlon Energy | 209.45 | 6.54 | | Bajaj Honldings | 450.20 | 6.41 | | Losers | | Ranbaxy | 340.95 | -10.06 | | Indiabulls Real Estate | 191.50 | -8.81 | | Gujarat NRE Coke | 61.00 | -8.27 | | Mundra Port | 454.45 | -8.19 | | Jet Airways | 438.50 | -7.96 | | | Market Statistics | | - | BSE | NSE | | Advances | 676 | 328 | | Declines | 1,944 | 1,212 | | Unchanged | 70 | 20 | | Volume(Nos) | 41.58cr | 60.95cr | | | | | | Market Commentary | | | About-turn | | An across-the-board rally saw the market bounce back sharply from its early losses of more than 700 points to end 52 points higher. | | Today the market saw a smart rally despite weakness in global markets. Despite slipping over 700 points in early trades, the Sensex witnessed a relief rally led by across-the-spectrum buying. | 
| | | The index recovered from its lows and closed posstive, as value buying emerged at lower levels. The Sensex received major support from banking, oil & gas and power stocks. The market gathered steam towards the close and the Sensex crossed the mark of 13,300 and touched the day's high of 13,347 before closing at 13,263, up 53 points. The Nifty too bounced back sharply and advanced 30 points to close at 4,038. | | | Movers & Shakers | - Pratibha Industries lost despite receiving orders worth Rs156 crore from Delhi Jal Board.
| | | |
The breadth of the market was extremely negative, as of the 2,690 stocks traded on the BSE, where only 676 stocks advanced, 1,944 stocks declines. 70 stocks ended unchanged. Most of the sectoral indices closed with significant gains. The BSE Bankex was the major gainer and soared 2.68% followed by the BSE Oil & Gas index (up 2.36%) and the BSE CG index (up 0.95%). However, the BSE Realty and BSE CD index slipped over 4% each. The BSE IT index, BSE Teck index, BSE HC index and the BSE Metal index closed with marginal losses.
Attracting strong buying support, Sterlite Industries surged by 3.43% at Rs454.50, HDFC Bank shot up by 3.17% at Rs1,222, Reliance Industries jumped by 3.16% at Rs1,932.85, NTPC advanced by 3.05% at Rs174, ICICI Bank scaled up 2.78% at Rs575.85, Maruti Suzuki India zoomed 2.70% at Rs718.45, Mahindra & Mahindra added 2.46% at Rs550.55, Reliance Infrastructure vaulted by 2.43% at Rs849.60, ONGC firmed up by 2.14% at Rs999.15 and ACC climbed 2.02% at Rs601.35. Among the laggards, Ranbaxy Laboratories slipped 10.06% at Rs340.95, Jaiprakash Associates shed 6.73% at Rs127.40, Satyam Computer Services declined by 4.16% at Rs335, while Infosys Technologies, Tata Steel, DLF, Tata Power and HDFC fell 1-4% each.
Banking stocks witnessed sustained buying support. Indian Overseas Bank soared 7.49% at Rs110.45, Bank of Baroda added 5.80% at Rs327.35, Kotak Bank scaled up by 4.72% at Rs579.45 and Punjab National Bank gained 4.38% at Rs517.
Over 1.97 crore shares of Reliance Natural Resources changed hands on the BSE followed by IFCI (1.34 crore shares), S Kumars (1.33 crore shares), KS Oils (1.20 crore shares) and Jaiprakash Associates (1.10 crore shares).
| | | | | | | | European Indices at 16:05 IST on 18-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4990.60 | 78.20 | 1.59 | | CAC 40 Index | 4037.78 | 37.67 | 0.94 | | DAX Index | 5924.44 | 63.46 | 1.08 | | | | | | | | | | | Asian Indices at close on 18-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 11489.30 | -260.49 | -2.22 | | Hang Seng Index | 17632.46 | -4.73 | -0.03 | | Kospi Index | 1392.42 | -32.84 | -2.30 | | Straits Times Index | 2419.21 | -0.08 | 0.00 | | Jakarta Composite Index | 1787.67 | 17.78 | 1.00 | | | | | | | | 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 | |
No comments:
Post a Comment