Sensex

Thursday, November 20, 2008

DG - FW: Sharekhan Post-Market Report dated November 20, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 November 2008 16:51
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated November 20, 2008

 

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November 20, 2008

 

Index Performance

Index

Sensex

Nifty

Open

8,400.88

2,634.20

High

8,540.46

2,634.20

Low

8,316.39

2,502.90

Today's Cls

8,451.01

2,553.15

Prev Cls

8,773.78

2,635.00

Change

-322.77

-81.85

% Change

-3.68

-3.11

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bosch

3,100.00

4.64

Indian Hotels

48.55

4.07

India Infoline

40.35

3.99

NALCO

156.90

3.63

Nagarjuna Construction

55.60

3.15

Losers

BGR Energy

138.90

-12.09

HDIL

87.65

-11.06

Deccan Chronicle

40.00

-11.01

Triveni Engineering

33.65

-10.74

Unitech

35.15

-9.87

Market Statistics

-

BSE

NSE

Advances

594

235

Declines

1,899

967

Unchanged

68

28

Volume(Nos)

21.13cr

48.24cr

 Market Commentary 

Sensex acts valiant but late

Pervasive selling saw the Sensex slip below the 8,350 mark, but selective buying towards the close led the index make up for losses.

Weak global cues and negative breadth in yesterday's trades led the market open at a lower today. The Sensex was 373 points down at the opening

 

and remained subdued, as investors booked profits after the recent gains. Realty and consumer durables stocks took the major beating. The index faltered under selling pressure by afternoon and slipped to the day's low of 8,316. While the market fluctuated sharply thereafter, firm bullish sentiment and strong buying in heavyweights and fast moving consumer goods stocks in late trades helped the benchmark index erase most of the losses. The Sensex finally ended the session by shedding 3.68% or 323 points at 8,451. Nifty slipped 82 points at 2,553.

The market breadth was negative. Of the 2,561 stocks traded on the BSE, 1,899 stocks declined whereas 594 stocks advanced. Seventy stocks ended unchanged. All the 13 sectoral indices ended in the red. BSE Realty dropped 8.30% followed by BSE CD (down 4.95%), BSE Oil & Gas (down 4.64%), BSE Bankex (down 4.32%), BSE Metal (down 4.18%) and BSE Auto (down 4.14%). 

Heavyweights led the fall in the Sensex. DLF slipped 8.56% at Rs205.20, Reliance Communications slumped by 8.32% at Rs182.25, Sterlite Industries shed 7.96% at Rs200.50, ICICI Bank lost 7.87% at Rs320.35 and HDFC Bank was down 7.30% at Rs822.25. Among the laggards JP Associates moved down 6.70% at Rs59.55, Reliance Industries lost 6.66% at Rs1,058.60, Maruti Suzuki India declined 6.52% at Rs482.85, Tata Motors was down by 6.47% at Rs126.45 and Tata Power was down 6.39% at Rs633.90, while ACC, National Thermal Power Corporation, State Bank of India, Ranbaxy Laboratories and Hindustan Unilever Ltd ended with modest gains.

Over 1.78 crore shares of GVK Power & Infrastructure changed hands on the BSE followed by Suzlon Energy (0.89 crore shares), Reliance Petroleum Ltd (0.86 crore shares), Reliance Natural Resources Ltd (0.72 crore shares) and HDIL (0.66 crore shares).

European Indices at 16:00 IST on 20-11-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3917.32

-88.36

-2.21

CAC 40 Index

2973.45

-114.44

-3.71

DAX Index

4213.07

-141.02

-3.24

Asian Indices at close on 20-11-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

7703.04

-570.18

-6.89

Hang Seng Index

12298.56

-517.24

-4.04

Kospi Index

948.69

-68.13

-6.70

Straits Times Index

1613.95

-51.64

-3.10

Jakarta Composite Index

1154.97

-25.38

-2.15

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