Sensex

Thursday, September 25, 2008

DG - FW: Sharekhan Post-Market Report dated September 25, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 25 September 2008 17:51
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 25, 2008

 

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September 25, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,716.88

4,162.15

High

13,716.88

4,172.60

Low

13,430.68

4,077.50

Today's Cls

13,547.18

4,110.55

Prev Cls

13,692.52

4,161.25

Change

-145.34

-50.70

% Change

-1.06

-1.22

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

India Cement

136.60

5.60

Bajaj Holdings

473.20

4.82

Punj Lloyd

303.95

4.74

CESC

291.40

4.15

Marico

60.25

3.79

Losers

Suzlon Energy

182.00

-7.17

GMDC

141.80

-6.65

Pantaloon Retail India

274.20

-6.08

KSK Energy

214.95

-5.99

Siemens

456.20

-5.91

Market Statistics

-

BSE

NSE

Advances

899

425

Declines

1,688

1,026

Unchanged

78

43

Volume(Nos)

22.44cr

61.27cr

 Market Commentary 

Downcast session

The Sensex remained bearish all through the session in keeping with weakness across international markets and ends 145 points down.

The 30-stock Sensex of the BSE witnessed a 122-point pullback yesterday on the back of strong buying support. However, the bears hit back strongly today and triggered a major sell-off.  

 

Tracking subdued Asian markets, the Sensex began the session marginally above its previous close, but soon slipped on sustained selling in frontline stocks and continued it down-move for the major part of the day. After falling below the 13,500 mark to touch the day's low of 13,431, the market moved in a range with a negative bias. The market witnessed buying towards the close and the Sensex ended the session with a loss of 145 points at 13,547, whereas Nifty shed 51 points and closed at 4,111.

All the sectoral indices except the BSE Auto index ended negative. The BSE IT dropped over 2%, while the BSE Teck, the BSE Realty, the BSE Power, the BSE CD, the BSE Metal and the BSE HC were down over 1% each. 

The breadth of the mark was extremely negative. Of the 2,665 stocks traded on the BSE, 1,688 stocks declined, while only 899 stocks advanced. 78 stocks ended unchanged. Among the 30 Sensex stocks, 23 stocks ended in the red. Wipro was a major loser and tumbled by 4.81% at Rs352.90. Ranbaxy Laboratories at Rs296.20, Hindalco Industries at Rs104.50, Grasim Industries at Rs1,867.40, Tata Consultancy Services at Rs690.20 slumped over 3% each. Among the other major losers, DLF was down by 2.81% at Rs389, ACC dropped 2.65% at Rs611.15, Bharti Airtel lost 2.44% at Rs790.65, Tata Power fell 2.39% at Rs999.45 and ITC declined by 2.31% at Rs188.40. 

Over 1.12 crore Tata Steel shares changed hands on the BSE followed by Reliance Natural Resources (0.89 crore shares), IFCI (0.72 crore shares), Austral Coke (0.72 crore shares) and Sesa Goa (0.54 crore shares).

European Indices at 17:35 IST on 25-09-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5075.86

-19.71

-0.39

CAC 40 Index

4154.49

39.95

0.97

DAX Index

6061.99

41.39

0.68

Asian Indices at close on 25-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12006.53

-108.50

-0.90

Hang Seng Index

18934.42

-27.56

-0.15

Kospi Index

1501.63

5.65

0.38

Straits Times Index

2444.24

-33.36

-1.35

Jakarta Composite Index

1870.06

-13.49

-0.72

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