Sensex

Wednesday, December 10, 2008

DG - Taking improbable events seriously: An interview with the author of The Black Swan

 

DG - FW: Sharekhan Post-Market Report dated December 10, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 10 December 2008 16:12
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 10, 2008

 

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December 10, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,316.40

2,785.70

High

9,678.70

2,940.15

Low

9,280.16

2,785.70

Today's Cls

9,654.90

2,928.25

Prev Cls

9,162.62

2,784.00

Change

492.28

144.25

% Change

5.37

5.18

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

DLF

262.65

18.93

Lanco Infra

145.30

17.56

SAIL

79.65

15.77

M&M

286.65

15.47

Century Textiles

163.45

15.15

Losers

Glenmark Pharma

262.05

-6.99

MMTC

9500.00

-2.83

Rolta India

130.55

-2.50

Cummins India

198.00

-2.44

Marico

49.30

-2.18

Market Statistics

-

BSE

NSE

Advances

1,530

819

Declines

876

355

Unchanged

121

53

Volume(Nos)

31.14cr

72.34cr

 Market Commentary 

Buoyancy afloat

Sensex clocks decent gains to close at 9,655 amid buying in heavyweights, realty, metal, oil & gas and capital goods stocks.

The north-bound trend remained intact for the second straight session, with the Sensex registering smart gains on buying in heavyweights and other sectoral stocks.  

 

After opening with sharp gains of over 153 points over its last close at 9,316, the Sensex remained in the green and rallied past 9,650 to touch an intra-day high of 9,679 in early trades. However, the initial upsurge failed to gather momentum, as the index pared gains and later slowed down on lack of further buying interest. The Sensex ended the session with gains of 492 points at 9,655. The Nifty gained 144 points to close at 2,928. 

The market breadth was positive. Of the 2,527 stocks traded on the BSE, 1,530 stocks advanced, whereas 876 stocks declined. Hundred and twenty one stocks ended unchanged. On sectoral front, BSE Realty surged 12.56% followed by BSE Metal (up 8.38%), BSE Oil & Gas (up 6.97%) and BSE CG (up 4.51%). The remaining indices ended with gains of 0.79% to 4% each.


Among the gainers in heavyweights, DLF advanced 18.93% at Rs262.65, Mahindra & Mahindra rose 15.47% at Rs286.65, Grasim Industries flared up 13.66% at Rs1,098.50, Tata Steel scaled up 10.92% at Rs217.40, Reliance Communications added 10.24% at Rs228.25, ACC jumped 9.92% at Rs476.40 and Wipro gained 9.80% at Rs261.65. Only Ranbaxy dropped (1.08% at Rs210.75) for the day. 

Over 3.21 crore shares of Unitech changed hands on the BSE followed by Suzlon Energy (2.04 crore shares), HDIL (1.47 crore shares), GVK Power & Infrastructure (1.46 crore shares) and DLF (1.14 crore shares).

European Indices at 16:00 IST on 10-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4347.46

-33.80

-0.77

CAC 40 Index

3284.86

-12.94

-0.39

DAX Index

4778.58

-0.53

-0.01

Asian Indices at close on 10-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8660.24

264.37

3.15

Hang Seng Index

15577.74

824.52

5.59

Kospi Index

1145.87

40.03

3.62

Straits Times Index

1821.70

67.12

3.83

Jakarta Composite Index

1315.89

49.77

3.93

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