| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,968.20 | 2,652.45 | | High | 9,061.72 | 2,762.60 | | Low | 8,658.53 | 2,643.35 | | Today's Cls | 9,026.72 | 2,752.25 | | Prev Cls | 8,695.53 | 2,654.00 | | Change | 331.19 | 98.25 | | % Change | 3.81 | 3.70 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Sterlite Industries | 231.00 | 12.88 | | IVRCL Infra | 136.30 | 10.10 | | ICICI Bank | 350.50 | 9.55 | | Deccan Chronicle | 45.30 | 9.03 | | HDFC Bank | 907.20 | 8.63 | | Losers | | Siemens | 223.70 | -16.55 | | Godrej Industries | 48.65 | -11.55 | | MMTC | 9856.00 | -10.76 | | Unitech | 25.90 | -9.28 | | Bhushan Steel | 413.00 | -8.60 | | | Market Statistics | | - | BSE | NSE | | Advances | 938 | 511 | | Declines | 1,222 | 666 | | Unchanged | 68 | 42 | | Volume(Nos) | 25.56cr | 51.49cr | | | | | | Market Commentary | | | Sensex hits triple tonne, Nifty close to tonne | | Eleventh-hour action in heavyweights, banking and oil stocks helps Sensex end firm at 9,027. | | Lack of clarity and weak Asian indices saw the Sensex gyrate over 72 points in early trades. After a positive opening, the Sensex eased on profit taking and touched the | 
| | | day's low of 8,659. The market thereafter moved within a range with a mixed bias before buying in select heavy weights and up-move in banking and oil stocks lifted the index to an intra-day high of 9,062. The Sensex ended the session with gains at 9,027, up 331 points and Nifty added 98 points to close at 2,752.
However, the market breadth was negative. Of the 2,228 stocks traded on the BSE, 1,222 stocks declined, while 938 stocks declined. Sixty-eight stocks ended unchanged. All the 13 sectoral indices ended in the green. The BSE Bankex led the pack of gaining sectoral indices rising by 5.96% and the BSE Oil gained 4.41% for the day. Other indices also ended with decent gains.
Buying was witnessed in select blue chip stocks. Sterlite Industries advanced 12.88% at Rs231, ICICI Bank jumped 9.55% at Rs350.50, HDFC Bank added 8.63% at Rs907.20, National Thermal Power Corporation gained 6.93% at Rs164.30, Reliance Industries climbed 6.11% at Rs1,137.20 and DLF moved up by 5.53% at Rs198.60. However, Mahindra & Mahindra dropped 2.55% at Rs269.60 and Maruti Suzuki India was down 0.50% at Rs532.30.
Banking stocks stole the show today. Oriental Bank vaulted 6.24% at Rs143, Axis Bank flared up 6.05% at Rs405.05, Bank of Baroda jumped 4.68% at Rs253.65 and Kotak Bank advanced 4.19% at Rs324.25. Bank of India, State Bank of India, Union Bank, Allahabad Bank and Punjab National Bank were up over 2-3% each.
Over 2.29 crore shares of Unitech changed hands on the BSE followed by Suzlon Energy (1.90 crore shares), GVK Power & Infrastructure (1.26 crore shares), Rajesh Export (0.65 lakh shares) and Reliance Natural Resources (0.61 crore shares). | | | | | | | | European Indices at 16:00 IST on 26-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4119.85 | -51.40 | -1.23 | | CAC 40 Index | 3145.76 | -63.80 | -1.99 | | DAX Index | 4521.29 | -39.13 | -0.86 | | | | | | | | | | | Asian Indices at close on 26-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8213.22 | -110.71 | -1.33 | | Hang Seng Index | 13369.45 | 490.85 | 3.81 | | Kospi Index | 1029.78 | 46.46 | 4.72 | | Straits Times Index | 1711.13 | 57.88 | 3.50 | | Jakarta Composite Index | 1193.15 | 39.01 | 3.38 | | | | | | | | 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 | |
