Sensex

Friday, October 31, 2008

DG - FW: Sharekhan Post-Market Report dated October 31, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 31 October 2008 16:47
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 31, 2008

 

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October 31, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,361.66

2,696.30

High

9,870.42

2,921.35

Low

9,361.66

2,696.30

Today's Cls

9,788.06

2,885.60

Prev Cls

9,044.51

2,697.05

Change

743.55

188.55

% Change

8.22

6.99

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

JSW Steel

304.75

32.70

India Infoline

56.75

25.28

United Phosphorus

105.20

23.76

Mahindra & Mahindra

372.35

23.09

United Spirits

887.50

19.44

Losers

Bharat Petroleum

286.20

-7.12

Bharat Forge

10.50

-5.62

EIH

83.90

-4.44

Oriental Bank

121.75

-4.36

Suzlon Energy

44.45

-3.79

Market Statistics

-

BSE

NSE

Advances

1,577

844

Declines

916

355

Unchanged

82

37

Volume(Nos)

26.98cr

65.99cr

 Market Commentary 

Up for third day

The Sensex clocked solid gains and closed at 9,788 (up 8.22%) amid buying in heavyweight, metal and oil & gas stocks.

The Sensex continued to move up for the third consecutive day with the index registering smart gains on buying in heavyweight and sectoral stocks.  

 

The 30-stock benchmark index of the BSE was above 9,300 points at the starting bell and touched the high at 9,870. However, it pared the gains on selling in heavyweights and shed sharply to touch the low of 9,362 towards the close. The Sensex came close to testing 9,400 towards the day’s close, but ended the session with a gain of 744 points at 9,788. Nifty gained 189 points to close at 2,886.

The breadth of the market was marginally positive. Of the 2,575 stocks traded on the BSE, 1,577 stocks advanced, whereas 916 stocks declined. Eighty two stocks ended unchanged. Of the 13 sectoral indices, BSE Metal surged 10.20% to 5,367 followed by BSE Oil & Gas (up 9.11% to 6,195) and BSE Bankex (up 7.21% to 5,011). The remaining indices also ended higher. 

Among the gainers, Mahindra & Mahindra (M&M) advanced 23.09% to Rs372.35, HDFC surged 17.48% to Rs1,764, JP Associates added 16.55% to Rs71.85, ICICI Bank advanced 15.50% to Rs399.35, Sterlite Industries gained 14.48% to Rs282.20, Reliance Industries jumped 13.81% to Rs1,370.75 and Reliance Communications was up 13.76% to Rs220.70. However, Ranbaxy Laboratories dropped 1.97% to Rs169.45 and Tata Consultancy Services declined 0.93% to Rs537.45.

Over 1.68 crore Suzlon Energy shares changed hands on the BSE followed by Hindalco Industries (1.34 crore shares), Reliance Petroleum (1.00 crore shares), Unitech (84.98 lakh shares) and Core Projects & Technologies (81 lakh shares).

European Indices at 16:15 IST on 31-10-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4,219.55

-72.1

-1.68

CAC 40 Index

3,356.29

-51.53

-1.51

DAX Index

4844.49

-24.81

-0.51

Asian Indices at close on 31-10-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8,576.98

-452.78

-5.01

Hang Seng Index

13,968.67

-361.18

-2.52

Kospi Index

1113.06

28.34

2.61

Straits Times Index

1794.2

-7.71

-0.43

Jakarta Composite Index

1256.7

82.84

7.06

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