Sensex

Tuesday, October 21, 2008

DG - FW: Sharekhan Post-Market Report dated October 21, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 21 October 2008 16:12
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 21, 2008

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

October 21, 2008

 

Index Performance

Index

Sensex

Nifty

Open

10,428.11

3,125.40

High

10,750.20

3,254.85

Low

10,250.23

3,117.35

Today's Cls

10,683.39

3,234.90

Prev Cls

10,223.09

3,122.80

Change

460.30

112.10

% Change

4.50

3.59

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indiabulls Real Estate

136.90

27.65

Educomp Solutions

2,066.40

23.97

IDFC 

62.10

20.82

HDIL

152.20

19.14

Titan Industries

997.05

17.39

Losers

Idea Cell

54.05

-12.54

HPCL

224.20

-6.45

Chennai Petroleum

147.35

-5.12

Phoenix Mills

84.95

-4.50

Sun Pharma

1,344.55

-3.73

Market Statistics

-

BSE

NSE

Advances

1,613

865

Declines

975

346

Unchanged

63

25

Volume(Nos)

26.46cr

55.46cr

 Market Commentary 

Bulls moo again!

After registering losses for consecutive days, the Sensex rallied sharply on all-round buying and ended firm at 10,683.

The bulls were back in action after successive days of battering, as the market taking cue from buoyant international indices registered phenomenal gains on the back of an all-round

 

buying support. Resuming 205 points above its previous close (10,428), strong buying led by heavyweights, consumer durables (CD), realty and information technology (IT) stocks triggered a major rally that propelled the index to an intra-day high of 10,750 in afternoon trades. Though the Sensex held firm ground above 10,600 for the better part of the trading session, it finally ended at 10,683, up 460 points. The Nifty advanced 112 points to close at 3,235. 

Among the gainers in heavyweights, Jaiprakash Associates soared 16.25% at Rs78.70, Tata Consultancy Services flared up 12.86% at Rs561, Reliance Communications jumped 11.25% at Rs258.20, Tata Steel scaled up 10.20% at Rs278.30, Satyam Computer Services surged 9.84% at Rs317.45, Tata Power added 9.60% at Rs789.55, Sterlite Industries jumped 8.59% at Rs294.70 and ACC gained 7.52% at Rs493.55. However, Mahindra & Mahindra and Hindalco Industries eased marginally.

The market breadth was extremely positive. Of the 2,651 stocks traded on the BSE, 1,613 stocks advanced whereas 975 stocks declined. Sixty three stocks ended unchanged. On the sectoral front, the BSE CD index led the gainers pack followed by BSE Realty (up 8.32%), BSE IT (up 6.03%), BSE CG (up 5.48%), BSE Teck (up 4.66%) and BSE Power (up 4.36%).

Over 1.68 crore GVK Power and Infrastructure shares changed hands on the BSE followed by HDIL (1.09 crore shares), Reliance Petroleum (0.92 Crore shares), IB Securities (0.87 Crore shares) and Reliance Natural Resources (87 lakh shares).

European Indices at 16:15 IST on 21-10-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4323.20

40.53

0.95

CAC 40 Index

3522.11

73.60

2.13

DAX Index

4887.13

52.12

1.08

Asian Indices at close on 21-10-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

9306.25

300.66

3.34

Hang Seng Index

15041.17

-281.84

-1.84

Kospi Index

1196.10

-11.53

-0.95

Straits Times Index

1920.79

-18.43

-0.95

Jakarta Composite Index

1440.14

13.21

0.93

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

 

Manage your newsletter subscriptions

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

New business?

Get new customers.

List your web site

in Yahoo! Search.

Y! Groups blog

the best source

for the latest

scoop on Groups.

.

__,_._,___