Sensex

Friday, February 08, 2008

DG - FW: Sharekhan Post-Market Report dated February 07, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 07 February 2008 19:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 07, 2008

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

February 07, 2008

 

Index Performance

Index

Sensex

Nifty

Open

18,198.68

5,322.55

High

18,198.68

5,344.60

Low

17,492.28

5,113.85

Today's Cls

17,526.93

5,133.25

Prev Cls

18,139.49

5,322.55

Change

-612.56

-189.3

% Change

-3.38

-3.56

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Essel Propack

49.10

2.83

Escorts 

101.20

2.28

National Fertilizer

67.00

2.13

TNPL

113.95

1.88

Apollo Hospitals

485.00

1.36

Losers

HCL Tech

244.15

-7.89

Neyveli Lignite

159.90

-7.81

Rolta India

277.50

-7.68

Omaxe

278.85

-7.03

Jindal Steel

2,298.40

-6.98

Market Statistics

-

BSE

NSE

Advances

803

227

Declines

2,002

938

Unchanged

44

20

Volume(Nos)

43.64cr

68.31cr

 Market Commentary 

Sensex plummets 613 points

Weakness in metal, oil, and realty stocks took a heavy toll on the market and the Sensex shed 3.38% at close.

The market’s southbound journey continued for the second session as slump in global indices and concerns of possible recession in the USA made the investors nervous,

 

triggering a major sell-off. The Sensex resumed on a positive note at 18,199, up 60 points and hovered above its last close of 18,139 till the mid-morning trades. However, a strong bout of selling by afternoon saw the Sensex accumulate losses of 555 points to touch the day's low of 17,584. The Sensex dropped 3.38% and was down 613 points for the day at 17527. The Nifty shed 3.56% and was down 189 points at 5133.

All the sectoral indices were mauled and declined by 2-4% each. The BSE Oil & Gas index was the major loser and crashed by 4.38% followed by the BSE Metal index (down 4.35%), the BSE Realty index (down 4.19%), the BSE PSU index (down 3.68%), the BSE Teck index (down 3.63%) and the BSE Bankex index (down 3.03%). The BSE second-rung benchmark indices the BSE mid-cap index and the BSE small-cap index tanked by over 2% each.

The market breadth was negative. Of the 2,849 stocks traded on the BSE, 2,002 stocks declined, 803 stocks advanced and 44 stocks ended unchanged. Except ACC all the Sensex stocks ended at lower levels. Among the major losers Hindalco crashed by 5.83% at Rs163, Reliance Communications plunged by 5.51% at Rs644, NTPC slumped 5.13% at Rs206, Reliance Industries crumbled 4.98% at Rs2,425, Satyam Computer plummeted by 4.36% at Rs391, Bharti Airtel dropped 4.20% at Rs863, ICICI Bank shed 4.13% at Rs1,105 and L&T tanked 3.97% at Rs3,630. Other heavyweights also came under sustained selling pressure and lost 2-3% each. However, ACC gained 1.03% at Rs773. 

Over 3.52 crore RNRL shares changed hands on the BSE followed by Ispat Industries (2.90 crore shares), Nagarjuna Fertilisers (1.98 crore shares), Reliance Petroleum (1.69 crore shares) and IFCI (1.62 crore shares).

Valuewise, RNRL registered a turnover of Rs569 crore on the BSE followed by Reliance Energy (Rs338 crore), Reliance Petroleum (Rs296 crore), Reliance Industries (Rs243 crore) and Future Capital (Rs211 crore).

European Indices at 16:00 IST on 07-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

5835.80

-39.60

-0.67

CAC 40 Index

4779.81

-36.62

-0.76

Dax Index

6786.71

-60.80

-0.89

Asian Indices at close on 07-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13207.15

107.91

0.82

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

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

New web site?

Drive traffic now.

Get your business

on Yahoo! search.

Find helpful tips

for Moderators

on the Yahoo!

Groups team blog.

.

__,_._,___

DG - FW: Sharekhan Post-Market Report dated February 08, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 08 February 2008 19:45
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 08, 2008

 

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

February 08, 2008

 

Index Performance

Index

Sensex

Nifty

Open

17,610.07

5,132.10

High

17,688.73

5,173.85

Low

17,203.06

5,034.25

Today's Cls

17,464.89

5,120.35

Prev Cls

17,526.93

5,133.25

Change

-62.04

-12.90

% Change

-0.35

-0.25

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

HUL

211.75

6.09

Rolta India

294.30

6.05

HCL Tech

257.75

5.57

Satyam Computer

410.00

4.90

Infosys

1,551.35

4.76

Losers

VSNL

443.35

-7.08

Dredging Corporation

698.05

-6.60

Zee Enterprises

241.00

-6.52

Hinduja Ventures

552.30

-6.41

Jindal Stainless

154.95

-6.15

Market Statistics

-

BSE

NSE

Advances

511

202

Declines

2,250

990

Unchanged

40

13

Volume(Nos)

33.02cr

56.80cr

 Market Commentary 

Market maimed amid sharp volatility

The Sensex witnessed a wild intra-day swing of 486 points and dropped 107 points at close on broad-based selling pressure.

The market recorded its third straight loss as players resorted to heavy selling on lack of liquidity support from FIIs, which have been offloading equities sharply in 

 

the past few sessions. Positive international indices also failed to lift the sentiment, as the Sensex drifted into negative territory in late morning trades after gaining 162 points in early trades to touch the day's high of 17,689. The sentiment turned extremely bearish in noon trades as sustained selling in heavyweights, CD, metal, realty and bankex stocks dragged the index below to an intra-day low of 17,203. The Sensex, which gyrated 486 points during intra-day trades, finally ended the session with losses of 62 points at 17,465, while the Nifty dropped 13 points to close at 5,120.

Movers & Shakers

  • Marg Construction lost despite the launch of its mega infrastructure project--MARG Swarnabhoomi.
  • Elecon Engineering gained on reports that the company has been awarded a prestigious order of Rs47.00 crore by M/s Sical Iron Ore Terminals, Chennai.
  • Larsen & Toubro slipped even after the company won Rs1,107 crore order from SAIL's IISCO Steel Plant at Burnpur.
  • Bharat Forge rose on report that the Company signed a MOU with NTPC to set up a joint venture company.
  • ABB rose marginally on winning Rs330 crore worth of substation orders from Power Grid Corporation of India.


The market breadth was exceedingly negative. Of the 2,801 stocks traded on the BSE, 2,250 stocks declined, 511 stocks advanced and 40 stocks ended unchanged. All the sectoral indices ended in the red. The BSE CD index dropped 3.20% at 4,737 followed by the BSE Metal index (down 2.67% at 15,115), the BSE Realty index (down 2.46% at 9,784), the BSE Bankex index (down 2.17% at 10,159) and the BSE CG index (down 1.62% at 15,859).

Out of 30 Sensex stocks, only 14 stocks managed to end in positive territory. Among the major laggards, HDFC slumped 4.47% at Rs2,796, ICICI Bank tumbled 3.49% at Rs1,066.70, DLF plunged 3.33% at Rs816.70, HDFC Bank declined 3.06% at Rs1,445.95, L&T dipped 2.84% at Rs3,527, Tisco crumbled 2.72% at Rs750.40, Bajaj Auto lost 2.70% at Rs2,217, M&M shed 2.08% at Rs644.95, Hindalco fell 1.71% at Rs160.50 and NTPC was down 1.50% at Rs203.30. Hind Utilities, however, bucked the downtrend and advanced 6.09% at Rs211.75, Infosys ended with steady gains at Rs1,551.35, Satyam moved up at Rs410, Wipro soared at Rs422.45, ITC, Ranbaxy, Bharti Airtel, TCS, SBI, ONGC, ACC and Maruti traded with decent gains.

Over 2.90 crore Ispat Industries shares changed hands on the BSE followed by RPL (1.69 crore shares), Chambal Fertilisers (57.04 crore shares), Arvind Mills (43.65 lakh shares) and Ashok Leyland (42.26 lakh shares). 

European Indices at 16:20 IST on 08-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5751.50

27.40

0.48

CAC 40 Index

4736.40

12.60

0.27

DAX Index

6786.54

52.82

0.78

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

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

New web site?

Drive traffic now.

Get your business

on Yahoo! search.

10 Day Club

on Yahoo! Groups

Share the benefits

of a high fiber diet.

.

__,_._,___