Sensex

Thursday, December 18, 2008

DG - FW: Sharekhan Post-Market Report dated December 18, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 18 December 2008 16:58
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 18, 2008

 

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December 18, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,710.20

2,955.35

High

10,110.34

3,072.55

Low

9,633.04

2,922.65

Today's Cls

10,076.43

3,060.75

Prev Cls

9,715.29

2,954.35

Change

361.14

106.40

% Change

3.72

3.60

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

India Infoline

52.75

16.19

RNRL

55.65

15.34

Educomp Solutions

2,615.75

12.57

IRB Infra

127.35

12.35

GVK Power

21.40

12.34

Losers

Glenmark Pharma

298.65

-8.63

Aban Offshore

751.80

-5.67

Pantaloon Retail

213.60

-4.69

Cairn India

159.70

-3.97

Blue Star

153.05

-3.68

Market Statistics

-

BSE

NSE

Advances

1,490

792

Declines

966

410

Unchanged

91

42

Volume(Nos)

42.01cr

85.74cr

 Market Commentary 

Realty stocks lift market spirits

Rally in realty stocks leads the Sensex gain 361 points for the day.

Better weekly inflation numbers spirit up the market as the 30-stock Sensex gains around 350 points at close. The market staged a solid performance, backed by strong all-round buying

 

inspite of other major Asian indices exhibiting a subdued trend in morning trades. The market opened five points higher at 9,710, but slipped immediately on selling in heavyweight, health care and oil & gas stocks and touched the day's low of 9,633. However buying at lower levels in realty, banking, power and public sector units’ stocks saw Sensex shed all losses and enter into the green again. Sustained buying thereafter helped Sensex regain the 10,100 mark and touch the intra-day high of 10,110. Sensex finally closed the session at 10,076, up 361 points. Nifty ended the session 106 points higher at 3,061.

The market breadth was negative with the losers outpacing the gainers in the ratio of 1.43:1. Of the 2,547 stocks traded on the BSE, 1,490 stocks advanced, whereas 966 stocks declined. Ninety one stocks ended unchanged. Among sectoral indices, BSE IT moved up by 5.77% followed by BSE Teck (up 3.94%), BSE Metal (up 3.63%) and BSE Auto (up 3.54%). However BSE CD and BSE Realty closed in a negative territory and shed 0.05% each.

Among reality stocks, DLF shot up 9.56% at Rs277.40, Unitech soared 9.17% at Rs38.10, Indiabulls Realestate surged 8.95% at Rs143.05 and Phoenix Mill jumped 4.96% at Rs77.20. Among other gainers, JP Associates moved up by 9.36% at Rs84.15, Reliance Infrastructure scaled up 9.32% at Rs600.35, ICICI Bank was up 9.16% at Rs471.35, SBI advanced by 7.88% at Rs1,295.85, Satyam Computer Services gained 7.15% at Rs169.35 and Tata Motors advanced by 7.09% at Rs173.63. However, Grasim Industries slipped 0.33% at Rs1230.35 followed by Sterlite Industries down 0.11% at Rs270.90. 

Over 3.34 crore shares of Satyam Computer Services changed hands on the BSE followed by Reliance Natural Resources (2.27 crore shares), HDIL (1.99 crore shares), Suzlon Energy (1.62 crore shares) and Unitech (1.30 crore shares).

European Indices at 16:00 IST on 18-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4338.50

14.31

0.33

CAC 40 Index

3223.63

-18.30

-0.56

DAX Index

4754.34

45.96

0.98

Asian Indices at close on 18-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8667.23

54.71

0.64

Hang Seng Index

15497.81

37.29

0.24

Kospi Index

1175.91

6.16

0.53

Straits Times Index

1798.95

19.66

1.10

Jakarta Composite Index

1351.76

-12.22

-0.90

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