Sensex

Monday, October 13, 2008

DG - FW: Sharekhan Post-Market Report dated October 13, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 October 2008 17:31
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 13, 2008

 

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October 13, 2008

 

Index Performance

Index

Sensex

Nifty

Open

10,817.68

3,272.90

High

11,361.32

3,510.20

Low

10,817.68

3,272.90

Today's Cls

11,309.09

3,490.70

Prev Cls

10,527.85

3,279.95

Change

781.24

210.75

% Change

7.42

6.43

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Mphasis

166.65

26.11

HDIL

115.50

23.86

Chambal Fertilisers

40.0

23.46

Indiabulls Real Estate

116.70

22.26

Axis Bank

662.90

20.03

Losers

Bajaj Finserv

177.00

-9.83

Phoenix Mill

108.40

-8.17

Max India

113.00

-7.72

OnMobile Global

380.00

-6.11

Ranbaxy

274.65

-6.07

Market Statistics

-

BSE

NSE

Advances

1,687

1,077

Declines

926

462

Unchanged

59

14

Volume(Nos)

28.91cr

56.07cr

 Market Commentary 

Markets pull back

After consecutive losses, the Sensex rallied sharply on all-round buying support and ended firm at 11,309.

The bulls were back in action after successive days of battering, as the market taking a cue from the buoyant international indices registered phenomenal gains on the back of an all-round   

 

buying support. Starting the day (at 10,818) 290 points above its previous close, strong buying led by heavyweights, banking, capital goods, and consumer durable stocks triggered a major rally that propelled the index to an intra-day high of 11,361 in the afternoon trades. Though the Sensex held firm ground above 11,200 for the better part of the trading session, it finally ended at 11,309, up 781 points. The Nifty advanced 211 points to close at 3,491. 

Among the gainers in heavyweights, Reliance Communications soared 19.92% at Rs284.70, Reliance Infrastructure flared up 17.13% at Rs603.55, ICICI Bank jumped 16.71% at Rs424.95, Sterlite Industries scaled up 15.99% at Rs318.10, HDFC Bank surged 12.58% at Rs1,178, State Bank of India added 12.19% at Rs1517, Mahindra & Mahindra jumped 11.78% at Rs520, BHEL advanced 11.61% and Larsen & Toubro gained 11.35% at Rs990.05. The remaining Sensex stocks gained above 5-6% each. However, Ranbaxy Laboratories and ONGC eased marginally.

The market breadth was extremely positive, Of the 2,672 stocks traded on the BSE, 1,687 stocks advanced whereas 926 stocks declined. Fifty nine stocks ended unchanged. On the sectoral front, the BSE Bankex led the gainers pack and surged 12.51% at 5,985 followed by BSE CG (up 10.36% at 8,810), BSE CD (up 10.26% at 2,359), BSE Power (up 9.08% at 2,023), BSE Realty (up 8.99% at 2,750) and BSE Teck (up 8.72% at 2,296).

More than 1.86 crore shares of Core Projects and Technologies changed hands on the BSE followed by Chemcel Bio-Tech (1.69 crore shares), ICICI Bank (1.12 crore shares), Chambal Fertilisers and Chemicals (0.97 crore shares) and IFCI (82 lakh shares).

Valuewise, ICICI Bank registered a turnover of Rs486 crore followed by Reliance Industries (Rs242 crore), Core Projects and Technologies (Rs153 crore), Reliance Capital (Rs153 crore), and State Bank of India (Rs151 crore).

European Indices at 16:15 IST on 13-10-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4126.40

194.34

4.94

CAC 40 Index

3376.05

199.56

6.28

DAX Index

4861.30

316.99

6.98

Asian Indices at close on 13-10-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8276.43

-

-

Hang Seng Index

16312.16

1515.29

10.24

Kospi Index

1288.53

47.06

3.79

Straits Times Index

2076.35

128.02

6.57

Jakarta Composite Index

1461.87

10.20

0.70

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