Sensex

Wednesday, September 17, 2008

DG - Reports On BankAm Takeover of ML

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DG - FW: Sharekhan Post-Market Report dated September 17, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 17 September 2008 17:53
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 17, 2008

 

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September 17, 2008

 

Index Performance

Index

Sensex

Nifty

Open

13,620.74

4,074.80

High

13,620.74

4,116.70

Low

13,127.96

3,974.60

Today's Cls

13,262.90

4,008.25

Prev Cls

13,518.80

4,074.90

Change

-255.90

-66.65

% Change

-1.89

-1.64

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Akruti City

793.80

7.22

Tata Motors

417.70

4.84

Cairn India

208.05

4.81

KSK Energy

211.40

4.63

Indian Bank

130.00

4.08

Losers

Unitech

127.75

-8.78

Sterlite Industries

439.30

-8.04

Mundra Port

495.00

-7.82

Jet Airways

476.40

-7.34

HDIL

213.90

-7.12

Market Statistics

-

BSE

NSE

Advances

886

362

Declines

1,740

836

Unchanged

86

33

Volume(Nos)

25.87cr

47.40cr

 Market Commentary 

Market trims 256 points 

The market crumbled further during the day on hectic selling in realty and banking stocks.

The market slipped further as selling backed by substantial intra-day volatility continued for the sixth straight session. The Sensex slid sharply in mid-morning trades 

 

witnessing a wild intra-day swing of 493 points in the first half of the trading session.  It crashed sharply to the day’s low of 13,128 after touching an early high of 13,621. Although some of the losses were erased on stock-specific gains, the Sensex closed with losses of 1.89% or 256 points at 13,263. Nifty lost 67 points to close at 4,008. 

The market breadth was expectedly negative. Of the 2,712 stocks traded on the BSE, 1,740 stocks declined, while 886 stocks advanced. 86 stocks ended unchanged. 

All the 13 sectoral indices posted losses for the day with the BSE Realty, BSE Bankex, BSE Metal index and BSE FMCG index shedding over 3-4% each. 

Among the Sensex stocks, Sterlite Industries tumbled 8.04% at Rs439.30, Ranbaxy Laboratories lost 6.60% at Rs379.10, and ICICI Bank declined by 5.25% at Rs560.30. ITC slumped 5.07% at Rs184.40, HDFC Bank slipped 3.71% at Rs1,184.40, SBI tanked 3.59% at Rs1,528.65 and DLF fell 3.29% at Rs408.70. Reliance Industries at Rs1,873.60, Tata Consultancy Services at Rs728.80, Tata Steel at Rs475, JP Associates at Rs136.60 and Reliance Communications at Rs358.35 dropped 2% each. However, Tata Motors gained 4.84% at Rs417.70, ONGC surged 2.80% at Rs975.35, Wipro moved up 2.04% at Rs399, and ACC, Infosys Technologies, Maruti Suzuki India and Mahindra & Mahindra ended with marginal gains.

Reality stocks fared badly on the bourses. Unitech dropped 8.78% at Rs127.75, Orbit Corporation declined 8.27% at Rs218.05, HDFC lost 7.12% at Rs213.90 and Indabulls Realestate slipped 6% at Rs210. Peninsula Land stocks also witnessed heavy selling pressure. Sobha Developers, Omaxe, Parsvnath Developers, Ansal Properties & Infrastructure and Phoenix Mill were down by 2-4% each.

Over 1.41 crore shares of Reliance Natural Resources changed hands on the BSE followed by IFCI (1.05 crore shares), ICICI Bank (0.72 crore shares), Chambal Fertilisers & Chemicals (0.60 crore shares) and GVK Power & Infrastructure (0.58 lakh shares). 

European Indices at 16:12 IST on 17-09-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5081.40

-122.80

-2.36

CAC 40 Index

4102.38

14.98

0.37

DAX Index

5990.14

24.97

0.42

Asian Indices at close on 17-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

11749.79

140.07

1.21

Hang Seng Index

17637.19

-663.42

-3.63

Kospi Index

1425.26

37.51

2.70

Straits Times Index

2419.29

-42.14

-1.71

Jakarta Composite Index

1769.89

34.25

1.97

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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.
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DG - Merrill & Bank of America - Deal presentation

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DG - Mutual Funds Report "What's In-What's Out" dated September 17, 2008

Mutual Funds: What's In—What's Out

[September 17, 2008] Please see the attachment for details

Sharekhan
www.sharekhan.com

Summary of Contents

 

MUTUAL FUNDS: WHAT’S IN—WHAT’S OUT 

Fund Analysis: September 2008

An analysis has been undertaken on equity and mid-cap funds’ portfolios, indicating the favourite picks of fund managers for the month of August 2008. Equity funds comprise all diversified, index, sector and tax planning funds, whereas mid-cap funds include a universe of 24 funds such as Reliance Growth, Franklin India Prima Fund, HDFC Capital Builder, Birla Mid-cap Fund.

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The Sharekhan Research Team

myaccount@sharekhan.com

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