Sensex

Wednesday, February 13, 2008

DG - FW: Sharekhan Post-Market Report dated February 13, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 February 2008 19:45
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 13, 2008

 

 

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February 13, 2008

 

Index Performance

Index

Sensex

Nifty

Open

16,816.94

4,836.55

High

17,141.06

4,986.55

Low

16,725.68

4,836.55

Today's Cls

16,949.14

4,929.45

Prev Cls

16,608.01

4,838.25

Change

341.13

91.20

% Change

2.05

1.88

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Thermax

639.00

10.17

Micro Inks

303.95

7.50

Reliance Capital

1,822.90

7.06

Hero Honda

716.95

6.83

Tata Steel

758.20

6.72

Losers

Jaiprakash Associates

265.25

-12.04

Power Finance

150.80

-7.60

Engineers India

683.90

-4.99

GIPCL

86.20

-4.96

RCF

75.70

-4.96

Market Statistics

-

BSE

NSE

Advances

769

477

Declines

1,940

713

Unchanged

33

13

Volume(Nos)

28.34cr

49.33cr

 Market Commentary 

Buoyancy lifts Sensex to close at 16,949

The Sensex maintained its upward bias for the entire session and gained 341 points to close at 16,949.

The markets opened with an impressive gap up today tracking favorable cues from global markets. Good amount of buying in realty, metal,

 

FMCG and banking space also helped the Sensex touch the day's high of 17,141 by mid-morning trades. However, sentiment remained buoyant for better part of the session, though selling in consumer durables, pharma and technology counters saw the Sensex give up its early gains to touch the day's low of 16,726, up 118 points its previous close. While the market moved between 16,700-16,900 range, the Sensex witnessed hectic buying activity in the last hour of the trading session and rallied sharply to close with a gain of 341 points at 16,949. The Nifty, too, after a mixed outing, moved up 91 points to close at 4,929.

The market breadth was negative. Of the 2,742 scrips that traded on the Bombay Stock Exchange (BSE), 1,940 stocks declined, 769 stocks advanced and 33 stocks ended unchanged. Most of the sectoral indices ended in positive territory. The BSE Realty index surged 4.27% at 9,429, the BSE Metal index added 3.26% at 2,101, while the BSE Bankex index, the BSE Oil & Gas index and the BSE Power index gained over 2% each.

Buying was led by Tata Steel, which notched up gains of 6.72% at Rs758. Among the other gainers ITC advanced 5.98% at Rs196, BHEL added 5.52% at Rs1,982, HDFC Bank moved up 4.87% at Rs1,467, HDFC jumped by 3.91% at Rs2,725, ACC gained 3.72% at Rs745 and ICICI Bank was up 3.34% at Rs1,099. However, Cipla, Reliance Communications, Wipro, Bajaj Auto and Hindalco were down over 1-3%, while M&M and HLL closed with marginal losses. 

Over 2.72 crore RNRL shares changed hands on the BSE followed by JP Associates (1.59 crore shares), Reliance Power (1.51 crore shares) and Reliance Petroleum (1.51 crore shares).

Reliance Power was the most actively traded counter on the BSE with a turnover of Rs531 crore followed by JP Associates (Rs429 crore), Reliance Industries (Rs349 crore), RNRL (Rs320 crore) and Tata Investment Corporation (Rs300 crore).

European Indices at 17:00 IST on 13-02-2008

Index

Level

Change (pts)

Change (%)

FTSE 100

5849.80

-60.20

-1.02

CAC 40 Index

4812.97

-27.74

-0.57

Dax Index

6931.31

-36.53

-0.52

Asian Indices at close on 13-02-2008

Index

Level

Change (pts)

Change (%)

Nikkei

13068.30

46.34

0.36

Hang Seng

23169.55

247.88

1.08

Kospi Index

1631.78

-11.51

-0.70

Straits Times

2949.54

23.31

0.80

Jakarta Composite

2610.78

18.71

0.72

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