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Tuesday, December 30, 2008

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DG - FW: Sharekhan Post-Market Report dated December 30, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 December 2008 16:08
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated December 30, 2008

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

December 30, 2008

 

Index Performance

Index

Sensex

Nifty

Open

9,625.13

2,922.55

High

9,785.04

2,999.15

Low

9,494.70

2,899.75

Today's Cls

9,716.16

2,979.50

Prev Cls

9,533.52

2,922.20

Change

182.64

57.30

% Change

1.92

1.96

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GSPL

33.40

9.87

Future Capital

180.00

9.02

Sun TV

183.45

8.58

Satyam Computer

160.60

8.33

GMDC

44.25

8.32

Losers

Indiabulls Financial

137.90

-4.99

Biocon

114.80

-4.41

MMTC

19,133.75

-3.44

Phoenix Mills

79.90

-3.15

Educomp Solutions

2,396.30

-2.40

Market Statistics

-

BSE

NSE

Advances

1,644

866

Declines

810

308

Unchanged

85

47

Volume(Nos)

35.33cr

64.58cr

 Market Commentary 

Winning spree continues

Led by buying in realty and auto stocks, Sensex does a smart recovery in afternoon to end firm at 9,716.

The market wiped out a loss of over 40 points incurred in the first half after a strong bout of buying led by realty and auto stocks triggered a wide-spread buying.  

 

The Sensex started the day 91 points higher at 9,625 following weakness in US indices but crashed to the day's low of 9,495 on relentless selling. While the market recovered thereafter, Sensex witnessed a sharp turnaround in afternoon as gains in heavy weights, realty, auto and capital goods stocks propelled it to an intra-day high of 9,785. After gyrating 290 points during the intra-day trades, Sensex gained 183 points to close at 9,716, while the Nifty ended 57 points higher at 2,980. 

The market breadth was positive. Of 2,539 stocks traded on the BSE, 1,644 stocks advanced whereas 810 stocks declined. Eighty five stocks ended unchanged. BSE Realty led the pack and gained 3.48% followed by BSE Auto (up 3.09%) and BSE CG (up 2.92%).

Satyam Computer Services was the star performer among the heavyweights and the stock soared 8.33% at Rs160.60. Among other major gainers, Reliance Communications advanced 7.16% at Rs228.10, JP Associates jumped 6.01% at Rs83.75, Mahindra & Mahindra rose 5.75% at Rs270.45 and Tata Motors moved up by 4.91% at Rs156.10. Sterlite Industries advanced 4.82% at Rs265.05, Ranbaxy Laboratories gained 4.09% at Rs241.70 and Reliance Infrastructure added 4.06% at Rs585.25. However, only Grasim Industries inched lower.

Over 4.32 crore shares of Bajaj Hindustan changed hands on the BSE followed by Unitech (2.71 crore shares), Reliance Natural Resources (2.32 crore shares), Suzlon Energy (1.90 crore shares) and Satyam Computer Services (1.71 crore shares).

European Indices at 16:00 IST on 30-12-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4357.36

38.01

0.88

CAC 40 Index

3181.09

50.37

1.61

DAX Index

4803.36

98.50

2.09

Asian Indices at close on 30-12-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

8859.56

112.39

1.28

Hang Seng Index

14235.50

-92.98

-0.65

Kospi Index

1124.47

6.88

0.62

Straits Times Index

1770.65

-9.92

-0.56

Jakarta Composite Index

1355.40

14.51

1.08

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