Sensex

Monday, December 22, 2008

DG - FW: Sharekhan Post-Market Report dated December 22, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 22 December 2008 16:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 22, 2008

 

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December 22, 2008

 

Index Performance

Index

Sensex

Nifty

Open

10,102.42

3,077.25

High

10,173.34

3,110.45

Low

9,894.01

3,027.80

Today's Cls

9,928.35

3,039.30

Prev Cls

10,099.91

3,077.50

Change

-171.56

-38.2

% Change

-1.70

-1.24

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Petronet LNG

40.10

12.32

MMTC

21,084.25

10.00

Gujarat Petronet

32.10

9.18

Federal Bank

157.90

7.12

Balrampur Chini

46.50

6.77

Losers

Godrej Industries

69.90

-8.75

Deccan Chronicle

48.20

6.95

Jai Corp

101.55

-6.71

HDIL

156.20

-6.63

Ashok Leyland

15.56

-6.38

Market Statistics

-

BSE

NSE

Advances

1,276

556

Declines

1,258

631

Unchanged

82

42

Volume(Nos)

34.56cr

71.98cr

 Market Commentary 

Sensex slips amid volatility

Witnessing intra-day swing of 279 points Sensex closes 172 points lower.

The market was highly volatile during the day as stocks gyrated between the either sides of the zone throughout the session with Sensex witnessing an intra-day swing of 279 points. 

 

The market opened higher at 10,102 but pared the early gains, as investor sentiment turned cautious as Sensex neared its intra-day high of 10,173 points. Sustained selling thereafter in frontline, oil and banking stocks saw Sensex turn negative for the day. After displaying some range-bound moves, the market plunged deep into the red on heavy selling towards the close to touch the day's low of 9,894. Sensex closed the session at 9,928, down 172 points and Nifty was at 3039, down 38 points. 

The market breadth was positive. Of the 2,616 stocks traded on the BSE 1,276 stocks advanced whereas 1,258 stocks fell. Eighty two stocks ended unchanged. Among sectoral indices, BSE Oil shed 3.02%, BSE Bankex declined 2.48% and BSE Metal was down 1.52%. However, BSE CD, BSE FMCG , BSE PSU and BSE Realty closed in the green.

Selective buying helped index overcome its losses. Tata Motors gained 4.57% at Rs187.50, DLF advanced 3.47% at Rs318 and Ranbaxy Laboratories added 2.16% at Rs222.05. ITC, Grasim Industries, Tata Power, ONGC, Larsen & Toubro and NTPC notched up steady gains.

Selling was evident in select heavyweights. ICICI Bank dropped 5.49% at Rs446.05, Reliance Industries declined 4.78% at Rs1,284.70, Mahindra & Mahindra tumbled 4.55% at Rs306.60, Maruti Suzuki India shed 3.79% at Rs528.70, HDFC Bank dipped 3.79% at Rs1019.75 and Reliance Infrastructure was down 3.01% at Rs601.20.

Over 3.32 crore shares of Unitech changed hands on the BSE followed by Suzlon Energy (2.53 crore shares), Reliance Natural Resources (2.30 crore shares), HDIL (1.27 crore shares) and Reliance Petroleum (1.24 crore shares).

Valuewise, Reliance Industries clocked a turnover of Rs254 crore on the BSE followed by DLF (Rs217 crore), Reliance Capital (Rs212 crore), HDIL (Rs212 crore) and Unitech (Rs158 crore).

European Indices at 16:15 IST on 22-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4239.77

-90.89

-2.10

CAC 40 Index

3170.74

-55.16

-1.71

DAX Index

4608.04

-88.66

-1.89

 

Asian Indices at close on 22-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8723.78

135.26

1.57

Hang Seng Index

14622.39

-505.12

-3.34

Kospi Index

1179.61

-1.36

-0.12

Straits Times Index

1745.63

-49.84

-2.78

Jakarta Composite Index

1345.30

-2.97

-0.22

 

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