Sensex

Wednesday, December 24, 2008

DG - FW: Sharekhan Post-Market Report dated December 24, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 24 December 2008 16:44
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 24, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

December 24, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,626.07

2,967.40

High

9,653.42

2,968.00

Low

9,502.53

2,900.45

Today's Cls

9,568.72

2,916.85

Prev Cls

9,686.75

2,968.65

Change

-118.03

-51.80

% Change

-1.22

-1.74

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

KSK Energy

171.20

13.38

Jet Airways

178.85

8.26

IRB Infra

129.95

6.95

OnMobile Global

223.85

5.99

United Spirits

912.75

5.64

Losers

Unitech

37.10

-12.29

HDIL

130.00

-10.68

Lanco Infra

142.05

-9.46

Tata Motors

159.65

-8.69

GTL Infra

29.20

-7.01

Market Statistics

-

BSE

NSE

Advances

911

376

Declines

1,505

797

Unchanged

93

44

Volume(Nos)

28.21cr

67.67cr

 Market Commentary 

Down by tonne

Sensex ends more than 100 points lower at close on across-the-board selling pressure. 

After taking a dip of 242 points in yesterday's trade, the market witnessed another round of strong bear hug that shaved 184 points off Sensex during intra-day

 

trades. The market slipped into the red in initial trades and continued moving southward all through the session. Widespread correction in realty stocks sparked a major sell-off in noon trades that dragged the index below 9,550 mark to a low of 9,503. Sensex signed off the session with losses of 1.22% or 118 points at 9,569, while Nifty dropped 52 points to close at 2,917.

The market breadth was negative. Of the 2,509 stocks traded on the BSE 1,505 stocks declined, 911 stocks advanced and 93 stocks ended unchanged. Among sectoral indices, BSE Reality, BSE Auto and BSE Teck dropped over 2-4% each. Other sectoral indices were down around 1% each.

Except State Bank of India, ICICI Bank, HDFC Bank and Ranbaxy Laboratories all the Sensex stocks witnessed steep falls. Tata Motors at Rs160, Wipro at Rs231.50, ACC at Rs463.20, Tata Consultancy Services at Rs473.65 and Mahindra & Mahindra at Rs279 slumped over 4-8% each. Among other major losers, Reliance Communications plunged 3.77% at Rs208, DLF dropped 3.26% at Rs292, ITC declined 2.92% at Rs172.60, Sterlite Industries lost 2.58% at Rs257, Bharti Airtel slipped by 2.55% at Rs693.10, Grasim Industries dipped 2.20% at Rs1190, Maruti Suzuki India tumbled 1.76% at Rs503.90 and JP Associates shed 1.66% at Rs77.20. Hindalco Industries, Tata Steel, Reliance Infrastructure, ONGC, Satyam Computer Services, HDFC and Larsen & Toubro were the other major losers.

Over 4.03 crore shares of Satyam Computer Services changed hands on the BSE followed by Unitech (3.28 crore shares), Suzlon Energy (1.44 crore shares), Cals Refineries (1.34 crore shares) and Reliance Natural Resources (1.11 crore shares).

European Indices at 16:00 IST on 24-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4218..80

-37.18

-0.87

CAC 40 Index

3125.65

-2.76

-0.09

DAX Index

-

-

-

Asian Indices at close on 24-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8517.99

-206.68

-2.37

Hang Seng Index

14184.14

-36.65

-0.26

Kospi Index

1128.51

-15.80

-1.38

Straits Times Index

1736.99

12.45

0.72

Jakarta Composite Index

1336.61

-7.10

-0.53

To know more about our products and services, click here.

“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

To unsubscribe write to myaccount@sharekhan.com

 

Manage your newsletter subscriptions

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

New business?

Get new customers.

List your web site

in Yahoo! Search.

Yahoo! Groups

Going Green Zone

Learn to go green.

Save energy. Save the planet.

.

__,_._,___

No comments: