Sensex

Friday, December 12, 2008

DG - FW: Sharekhan Post-Market Report dated December 12, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 12 December 2008 16:11
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 12, 2008

 

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December 12, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,370.87

2,915.35

High

9,745.51

2,936.80

Low

9,281.89

2,812.55

Today's Cls

9,690.07

2,921.35

Prev Cls

9,645.46

2,920.15

Change

44.61

1.20

% Change

0.46

0.04

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IRB Infra

106.45

16.21

Balrampur Chini

40.85

11.92

Spice Tele

36.00

10.43

Bajaj Auto

393.00

10.39

Opto Circuits

82.75

9.97

Losers

NALCO

179.90

-8.24

HCL Tech

107.15

-7.27

Educomp Solutions

2,088.15

-5.92

JSW Steel

226.55

-5.51

TCS

482.25

-5.00

Market Statistics

-

BSE

NSE

Advances

1,547

814

Declines

851

371

Unchanged

81

40

Volume(Nos)

40.07cr

80.36cr

 Market Commentary 

Markets put a brave front

Late rally in realty, consumer durable and oil stocks leads the Sensex recover over 363 points and end 45 points higher.

The market wiped out a loss of over 363 points incurred during intra-day trades after a strong bout of buying led by DLF, Reliance Infrastructure and Reliance Industries in

 

afternoon changed the sentiment to bullish. The 50-stock benchmark of the BSE, Sensex, was 274 points down at 9,371 at the opening bell taking cues from weak Asian indices, and crashed to the day's low of 9,282 on relentless selling pressure amid high volatility. The market showed strong optimism thereafter and the Sensex witnessed a sharp turn-around as gains in heavyweight, reality, oil and consumer durable stocks propelled it to an intra-day high of 9,746. The market turned extremely choppy and gyrated between the positive and negative territories for the later part of the trading session and the Sensex closed with a gain of 45 points at 9,690. Nifty ended a point up at 2,921.

The market breadth was marginally positive. Of the 2,479 stocks on the BSE, 1,547 stocks advanced, 851 stocks declined 
and 81 stocks ended unchanged. Most of the sectoral indices ended in the green. BSE Realty advanced 3.94% followed by BSE CD (up 2.93%) and BSE Oil & gas (up 2.34%). However, BSE IT slipped 2.88%, BSE Teck (down 1.70%) and BSE HC (down 0.32%). 

Among the Sensex stocks, DLF was the leading gainer and its stock price soared 7.73% at Rs276.50, Reliance Infrastructure advanced 7.25% at Rs648.30, Reliance Communications jumped 4.18% at Rs249.20, Reliance Industries gained 3.76% at Rs1,306.20, Hindalco Industries moved up by 3.12% at Rs52.90, Tata Power added 2.71% at Rs750.80 and Mahindra & Mahindra surged 2.32% at Rs292.95. Among the laggards, Tata Consultancy Services slipped 5% at Rs482.25, Wipro shed 4.52% at Rs238.70, Tata Motors declined by 4.02% at Rs154.10, ONGC fell by 2.72% at Rs646.45 and Bharti Airtel lost 2.69% at Rs722.30. 

Over 2.37 crore shares of Reliance Natural Resources Ltd (RNRL) changed hands on the BSE followed by IFCI (1.87 crore shares), Suzlon Energy (1.75 crore shares), Unitech (1.49 crore shares), Reliance Petroleum Ltd (1.41 crore shares) and GVK Power & Infrastructure (1.22 crore shares).

Reliance Industries registered a turnover of Rs499 crore on the BSE followed by RNRL (Rs300 crore), Reliance Capital (Rs299 crore), DLF (Rs207 crore) and Reliance Infrastructure (Rs185 crore).

European Indices at 16:15 IST on 12-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4262.75

-125.94

-2.87

CAC 40 Index

3143.59

-162.54

-4.92

DAX Index

4584.69

-182.51

-3.83

Asian Indices at close on 12-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8235.87

-484.68

-5.56

Hang Seng Index

14758.39

-855.51

-5.48

Kospi Index

1103.82

-50.61

-4.38

Straits Times Index

1740.34

-53.82

-3.00

Jakarta Composite Index

1262.96

-53.72

-4.08

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