Sensex

Monday, August 11, 2008

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 11 August 2008 16:54
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 08, 2008

 

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August 11, 2008

 

Index Performance

Index

Sensex

Nifty

Open

15,430.31

4,529.35

High

15,520.71

4,625.20

Low

15,367.97

4,529.35

Today's Cls

15,503.92

4,620.40

Prev Cls

15,167.82

4,529.50

Change

336.10

90.90

% Change

2.22

2.01

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indiabulls Real Estate

357.75

13.73

Indiabulls Financial

343.90

10.42

Hindustan Construction

109.00

8.67

Gammon India

233.10

8.39

Nagarjuna Construction

142.30

8.17

Losers

Dr Reddy's

609.15

-2.59

Hindustan Zinc

577.60

-2.59

Sterlite Industries

624.90

-2.24

Dish TV

37.10

-2.11

Videocon Industries

297.30

-1.99

Market Statistics

-

BSE

NSE

Advances

1,738

844

Declines

970

364

Unchanged

68

30

Volume(Nos)

32.23cr

50.94cr

 Market Commentary 

Sensex continues its winning streak

The Sensex maintained its upward bias for the fifth straight session and gained 336 points at close.

The Sensex has been maintaining a firm tone for the last five days and added another 336 points and closed at 15,504 on sustained buying in heavyweights, reality and banking stocks.  

 

The market opened strong at 15,430 on firm Asian cues and continued its rally to touch the intra-day high of 15,521. The index also received major support from JP Associates, Reliance Energy and ICICI Bank, which gained around 5-7% today. However, profit booking at higher levels and selling in few pivotal stocks dragged the Sensex to touch the day's low of 15,368. The market remained firm in the afternoon, but surged further on late round buying and ended firm above 15,500. The broad based Nifty closed at 4,620, up 91 points.

The breadth of the market was positive. Of the 2,776 stocks traded on the BSE 1,738 stocks advanced, 970 stocks declined and 68 stocks ended unchanged. Among the sectoral indices, the BSE Realty ended firm with gains of 5.27% at 5,799 and BSE Bankex rose 4.16% at 7,702. However, BSE Oil & Gas index, BSE PSU index, BSE Power index, BSE CG index, BSE Auto index and BSE FMCG index ended with gain of 1-2%.

Action in several index heavyweights lifted the market. JP Associates led the pack and shot up by 7.68% at Rs197.60. Reliance Energy soared 6.86% at Rs1,102, ICICI Bank surged 5.74% at Rs770.75, Maruti Suzuki India flared up by 5.27% at Rs715.50, State Bank of India jumped by 4.65% at Rs1,592.60, ONGC added 3.70% at Rs1,103.40, Reliance Communications advanced by 3.65% at Rs454.45, DLF moved up by 3.57% at Rs568.05 and Reliance Industries was up 3.36% at Rs2,326. However, Sterlite Industries at Rs624.90, Tata Consultancy Services at Rs833.60, Tisco at Rs644.80, Infosys at Rs1,670 and Hindalco at Rs144.50 dropped around 0.10-1% each.

Over 1.72 crore Reliance Natural Resources shares changed hands on the BSE followed by IFCI (0.99 crore shares), TTML (0.69 crore shares), Ispat Industries (0.57 crore shares) and Nagarjuna Fertilisers (0.57 crore shares).

European Indices at 16:15 IST on 11-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5523.90

46.40

0.85

CAC 40 Index

4513.99

22.14

0.49

DAX Index

6582.77

21.12

0.32

Asian Indices at close on 11-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13430.91

262.50

1.99

Hang Seng Index

21859.34

-25.87

-0.12

Kospi Index

1581.09

12.37

0.79

Straits Times Index

2825.39

17.85

0.64

Jakarta Composite Index

2133.91

-62.00

-2.82

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