Sensex

Thursday, December 11, 2008

DG - FW: Sharekhan Post-Market Report dated December 11, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 11 December 2008 16:15
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 11, 2008

 

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December 11, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,679.32

2,934.05

High

9,746.01

2,945.30

Low

9,441.97

2,861.55

Today's Cls

9,645.46

2,920.15

Prev Cls

9,654.90

2,928.25

Change

-9.44

-8.10

% Change

-0.10

-0.28

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

RNRL

54.75

25.72

GE Shipping

192.60

15.71

Jet Airways

153.05

12.58

Shipping Corporation

80.90

12.13

Indiabulls Real Estate

128.60

10.77

Losers

TCS

507.65

-6.24

Satyam Computer

224.35

-5.18

Dr Reddy's

460.05

-5.04

Titan Industries

830.70

-4.98

Gail India

208.80

-4.96

Market Statistics

-

BSE

NSE

Advances

1,557

796

Declines

911

374

Unchanged

97

49

Volume(Nos)

38.58cr

84.43cr

 Market Commentary 

Flat for the day 

Sensex ends flat after an intra-day swing of 304 points.

The market was highly volatile, as stocks gyrated between negative and positive zones all through the trading session, with the 30-stock benchmark of BSE  

 

witnessing an intra-day swing of 304 points. On the back of firm global indices, the Sensex began its initial trades on a positive note at 9,679, around 24 points above its previous close and rallied sharply above 9,700 level to touch an intra-day high of 9,746. Steady to firm selling pressure thereafter saw the index plunge deep into the red below 9,500- mark and touch the low of 9,442. However, the Sensex managed to erase most of its losses on buying in heavyweights and ended just nine points down at 9,645. The 50-stock index of NSE, Nifty, ended marginally down by eight points at 2,920. 

The breadth of the market was positive. Of the 2,565 stocks traded on the BSE, 911 stocks declined, 1,557 stocks advanced and 97 stocks ended unchanged. 

Of the 13 sectoral indices, five sectoral indices closed in positive. BSE Realty gained 2.12%, BSE Oil & Gas rose 1.67%, BSE Metal advanced 1.37% and BSE Bankex and BSE Auto traded with marginal gains. BSE IT dropped 3.90%, BSE CD fell 2.62% and BSE Teck shed 1.38% while BSE HC, BSE PSU, BSE Power, BSE FMCG and BSE CG were in the red at the close of trading.

Selective buying helped the index overcome its losses. Jaiprakash Associates flared up 10.63% at Rs82.75, Sterlite Industries advanced 8.43% at Rs295.05, Reliance Communications rose 4.80% at Rs239.20 and ACC added 3.27% at Rs492. Reliance Industries Ltd, ICICI Bank, Reliance Infrastructure, Larsen & Toubro, ITC and Tata Steel witnessed steady gains.

Selling was evident in select heavyweight counters. Tata Consultancy Services dropped 6.24% at Rs507.65, Satyam Computer Services declined 5.18% at Rs224.35, Wipro tumbled 4.45% at Rs250, Hindalco Industries shed 4.38% at Rs51.30, Infosys Technologies dipped 3.23% at Rs1,136, Bharat Heavy Electricals Ltd moved down by 2.75% at Rs1374.15 and DLF 2.28% at Rs256.65.

Reality stocks gained sharply. Anant Raj Industries gained 19.95% at Rs69.45, Indiabulls Realestate advanced 10.77% at Rs128.60, Peninsula Land moved up by 8.08% at Rs21.40. 

Over 3.33 crore shares of Reliance Natural Resources Ltd changed hands on the BSE followed by Suzlon Energy (2.46 crore shares), Unitech (2.15 crore shares), GVK Power & Infrastructure (2.12 crore shares) and JP Associates (1.63 crore shares).

European Indices at 16:00 IST on 11-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4338.45

-28.83

-0.66

CAC 40 Index

3290.45

-29.86

-0.90

DAX Index

4742.85

-62.03

-1.29

Asian Indices at close on 11-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8720.55

60.31

0.70

Hang Seng Index

15613.90

36.16

0.23

Kospi Index

1154.43

8.56

0.75

Straits Times Index

1794.16

-27.54

-1.51

Jakarta Composite Index

1316.69

0.79

0.06

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