| | | | Index Performance | | Index | Sensex | Nifty | | Open | 10,817.68 | 3,272.90 | | High | 11,361.32 | 3,510.20 | | Low | 10,817.68 | 3,272.90 | | Today's Cls | 11,309.09 | 3,490.70 | | Prev Cls | 10,527.85 | 3,279.95 | | Change | 781.24 | 210.75 | | % Change | 7.42 | 6.43 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Mphasis | 166.65 | 26.11 | | HDIL | 115.50 | 23.86 | | Chambal Fertilisers | 40.0 | 23.46 | | Indiabulls Real Estate | 116.70 | 22.26 | | Axis Bank | 662.90 | 20.03 | | Losers | | Bajaj Finserv | 177.00 | -9.83 | | Phoenix Mill | 108.40 | -8.17 | | Max India | 113.00 | -7.72 | | OnMobile Global | 380.00 | -6.11 | | Ranbaxy | 274.65 | -6.07 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,687 | 1,077 | | Declines | 926 | 462 | | Unchanged | 59 | 14 | | Volume(Nos) | 28.91cr | 56.07cr | | | | | | Market Commentary | | | Markets pull back | | After consecutive losses, the Sensex rallied sharply on all-round buying support and ended firm at 11,309. | | The bulls were back in action after successive days of battering, as the market taking a cue from the buoyant international indices registered phenomenal gains on the back of an all-round | 
| | | buying support. Starting the day (at 10,818) 290 points above its previous close, strong buying led by heavyweights, banking, capital goods, and consumer durable stocks triggered a major rally that propelled the index to an intra-day high of 11,361 in the afternoon trades. Though the Sensex held firm ground above 11,200 for the better part of the trading session, it finally ended at 11,309, up 781 points. The Nifty advanced 211 points to close at 3,491.
Among the gainers in heavyweights, Reliance Communications soared 19.92% at Rs284.70, Reliance Infrastructure flared up 17.13% at Rs603.55, ICICI Bank jumped 16.71% at Rs424.95, Sterlite Industries scaled up 15.99% at Rs318.10, HDFC Bank surged 12.58% at Rs1,178, State Bank of India added 12.19% at Rs1517, Mahindra & Mahindra jumped 11.78% at Rs520, BHEL advanced 11.61% and Larsen & Toubro gained 11.35% at Rs990.05. The remaining Sensex stocks gained above 5-6% each. However, Ranbaxy Laboratories and ONGC eased marginally.
The market breadth was extremely positive, Of the 2,672 stocks traded on the BSE, 1,687 stocks advanced whereas 926 stocks declined. Fifty nine stocks ended unchanged. On the sectoral front, the BSE Bankex led the gainers pack and surged 12.51% at 5,985 followed by BSE CG (up 10.36% at 8,810), BSE CD (up 10.26% at 2,359), BSE Power (up 9.08% at 2,023), BSE Realty (up 8.99% at 2,750) and BSE Teck (up 8.72% at 2,296).
More than 1.86 crore shares of Core Projects and Technologies changed hands on the BSE followed by Chemcel Bio-Tech (1.69 crore shares), ICICI Bank (1.12 crore shares), Chambal Fertilisers and Chemicals (0.97 crore shares) and IFCI (82 lakh shares).
Valuewise, ICICI Bank registered a turnover of Rs486 crore followed by Reliance Industries (Rs242 crore), Core Projects and Technologies (Rs153 crore), Reliance Capital (Rs153 crore), and State Bank of India (Rs151 crore). | | | | | | | | European Indices at 16:15 IST on 13-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4126.40 | 194.34 | 4.94 | | CAC 40 Index | 3376.05 | 199.56 | 6.28 | | DAX Index | 4861.30 | 316.99 | 6.98 | | | | | | | | | | | Asian Indices at close on 13-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8276.43 | - | - | | Hang Seng Index | 16312.16 | 1515.29 | 10.24 | | Kospi Index | 1288.53 | 47.06 | 3.79 | | Straits Times Index | 2076.35 | 128.02 | 6.57 | | Jakarta Composite Index | 1461.87 | 10.20 | 0.70 | | | | | | | | 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 | |
