Sensex

Tuesday, October 21, 2008

DG - FW: Sharekhan Post-Market Report dated October 21, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 21 October 2008 16:12
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 21, 2008

 

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October 21, 2008

 

Index Performance

Index

Sensex

Nifty

Open

10,428.11

3,125.40

High

10,750.20

3,254.85

Low

10,250.23

3,117.35

Today's Cls

10,683.39

3,234.90

Prev Cls

10,223.09

3,122.80

Change

460.30

112.10

% Change

4.50

3.59

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indiabulls Real Estate

136.90

27.65

Educomp Solutions

2,066.40

23.97

IDFC 

62.10

20.82

HDIL

152.20

19.14

Titan Industries

997.05

17.39

Losers

Idea Cell

54.05

-12.54

HPCL

224.20

-6.45

Chennai Petroleum

147.35

-5.12

Phoenix Mills

84.95

-4.50

Sun Pharma

1,344.55

-3.73

Market Statistics

-

BSE

NSE

Advances

1,613

865

Declines

975

346

Unchanged

63

25

Volume(Nos)

26.46cr

55.46cr

 Market Commentary 

Bulls moo again!

After registering losses for consecutive days, the Sensex rallied sharply on all-round buying and ended firm at 10,683.

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

 

buying support. Resuming 205 points above its previous close (10,428), strong buying led by heavyweights, consumer durables (CD), realty and information technology (IT) stocks triggered a major rally that propelled the index to an intra-day high of 10,750 in afternoon trades. Though the Sensex held firm ground above 10,600 for the better part of the trading session, it finally ended at 10,683, up 460 points. The Nifty advanced 112 points to close at 3,235. 

Among the gainers in heavyweights, Jaiprakash Associates soared 16.25% at Rs78.70, Tata Consultancy Services flared up 12.86% at Rs561, Reliance Communications jumped 11.25% at Rs258.20, Tata Steel scaled up 10.20% at Rs278.30, Satyam Computer Services surged 9.84% at Rs317.45, Tata Power added 9.60% at Rs789.55, Sterlite Industries jumped 8.59% at Rs294.70 and ACC gained 7.52% at Rs493.55. However, Mahindra & Mahindra and Hindalco Industries eased marginally.

The market breadth was extremely positive. Of the 2,651 stocks traded on the BSE, 1,613 stocks advanced whereas 975 stocks declined. Sixty three stocks ended unchanged. On the sectoral front, the BSE CD index led the gainers pack followed by BSE Realty (up 8.32%), BSE IT (up 6.03%), BSE CG (up 5.48%), BSE Teck (up 4.66%) and BSE Power (up 4.36%).

Over 1.68 crore GVK Power and Infrastructure shares changed hands on the BSE followed by HDIL (1.09 crore shares), Reliance Petroleum (0.92 Crore shares), IB Securities (0.87 Crore shares) and Reliance Natural Resources (87 lakh shares).

European Indices at 16:15 IST on 21-10-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4323.20

40.53

0.95

CAC 40 Index

3522.11

73.60

2.13

DAX Index

4887.13

52.12

1.08

Asian Indices at close on 21-10-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

9306.25

300.66

3.34

Hang Seng Index

15041.17

-281.84

-1.84

Kospi Index

1196.10

-11.53

-0.95

Straits Times Index

1920.79

-18.43

-0.95

Jakarta Composite Index

1440.14

13.21

0.93

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