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Friday, January 30, 2009

DG - FW: Sharekhan Post-Market Report dated January 30, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 January 2009 16:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 30, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

January 30, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,111.12

2,824.05

High

9,438.31

2,881.00

Low

9,087.36

2,774.10

Today's Cls

9,424.24

2,874.80

Prev Cls

9,236.28

2,823.95

Change

187.96

50.85

% Change

2.04

1.80

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Spice Tele

47.75

81.21

Jindal Steel

1037.05

13.71

United Spirits

591.95

12.62

JP Associates

76.25

9.63

Godrej Industries

64.10

9.11

Losers

Akruti City

816.80

-6.56

Sun Pharma

1,073.45

-6.10

Ultratech Cement

395.00

-5.15

Welspun Gujarat

70.85

-4.90

LIC Housing Finance

224.10

-3.92

Market Statistics

-

BSE

NSE

Advances

1,377

748

Declines

1,015

425

Unchanged

113

57

Volume(Nos)

31.59cr

72.82cr

 Market Commentary 

Volatile but buoyant

Led by buying in JP Associates and Hindalco Industries, Sensex recovers smartly in afternoon ending firm at 9,424.

The market wiped out losses of over 149 points incurred in the first half after a strong bout of buying led by JP Associates, Hindalco Industries and DLF triggered a wide-spread buying.  

 

In a highly volatile trading session, Sensex resumed 125 points lower at 9,111 following weakness in Asian indices and crashed to the day's low of 9,087 on relentless selling. While the market was on a recovery path thereafter, Sensex witnessed a sharp turnaround in afternoon, as gains in heavyweights, realty, metal and oil stocks propelled it to an intra-day high of 9,438. After gyrating 351 points during intra-day trades, Sensex gained 188 points to close at 9,424, while Nifty ended 51 points higher at 2,875. 

The market breadth was positive. Of the 2,505 stocks traded on BSE, 1,377 stocks advanced, 1015 stocks declined and 113 stocks ended unchanged. BSE Realty led the pack and gained 4.32% followed by BSE Metal (up 4.05%) and BSE Oil (up 3.58%).

JP Associates was the star performer among the heavyweights and the stock soared 9.63% at Rs76.25. Among other major gainers, DLF advanced 7.39% at Rs177.20, Hindalco Industries jumped 6.51% at Rs49.05, State Bank of India rose 5.05% at Rs1152.20, Reliance Communications moved up by 5.03% at Rs170.20, Reliance Infrastructure advanced 4.85% at Rs582.30, Maruti Suzuki India gained 4.81% at Rs571 and Reliance Industries added 4.51% at Rs1325.20. However, Sun Pharmaceutical Industries, Bharat Heavy Electricals Ltd, Tata Motors and Infosys inched lower.

Over 3.73 crore shares of Satyam Computer Services changed hands on BSE followed by Unitech (2.24 crore shares), Suzlon Energy (1.83 crore shares), Reliance Natural Resources (1.38 crore shares) and JP Associates (1.11 crore shares).

European Indices at 16:00 IST on 30-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4209.86

19.75

0.46

CAC 40 Index

3015.00

6.16

0.20

DAX INDEX

4436.73

7.71

0.17

Asian Indices at close on 30-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7994.05

-257.19

-3.12

Hang Seng Index

13278.21

-123.78

0.94

Kospi Index

1162.11

-4.45

-0.38

Straits Times Index

1746.47

-20.25

-1.15

Jakarta Composite Index

1332.67

8.02

0.61

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

 

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Thursday, January 29, 2009

DG - FW: Sharekhan Post-Market Report dated January 29, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 29 January 2009 16:10
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 29, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

January 29, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,334.47

2,849.35

High

9,379.68

2,873.85

Low

9,164.96

2,795.35

Today's Cls

9,236.28

2,823.95

Prev Cls

9,257.47

2,849.50

Change

-21.19

-25.55

% Change

-0.23

-0.90

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Edelweiss Capital

289.80

11.72

Sun TV

162.40

7.66

Bharat Forge

85.60

7.13

Oriental Bank

137.45

6.43

Container Corporation

711.55

5.85

Losers

Cummins India

171.90

-12.92

Max India

114.15

-8.42

United Spirits

525.60

-8.08

Jubilant ORG

118.75

-7.34

DLF

165.00

-7.15

Market Statistics

-

BSE

NSE

Advances

1,148

498

Declines

1,262

675

Unchanged

96

46

Volume(Nos)

38.48cr

90.41cr

 Market Commentary 

Market trips on volatile moves

Market ends in red after witnessing an intra-day swing of 215 points.

The market remained highly volatile, as key indices kept swinging between positive and negative zones all through the day. Resuming slightly above its previous

 

close (9330), market snapped the gains in early trades before frenzied buying propelled Sensex to an intra-day high of 9380. While the market failed to make any further impact thereafter, the index drifted into the red once again in noon to touch the day's low of 9165. Sensex, after witnessing an intra-day swing of 215 points, ended 21 points down at 9236, while Nifty declined 26 points to close at 2824. 

However, the market breadth was negative. Of the 2,506 stocks traded on the BSE, 1,148 stocks advanced, whereas 1,262 stocks declined. Ninety six stocks ended unchanged. In a volatile market, BSE Auto rose 1.34% while BSE IT, BSE Metal and BSE Bankex ended positive. Other sectoral indices however ended at lower levels.

Dragging the market DLF shed 7.15% at 165, Bharti Airtel dipped 4.80% at Rs622.25, Wipro lost 3.33% at Rs226.55, Bharat Heavy Electricals Ltd slipped 2.72% at Rs1355.70 and Reliance Communications lost 2.61% at Rs162.05. Larsen & Toubro, Ranbaxy Laboratories, Sun Pharmaceutical Industries, State Bank of India, Hindustan Unilever, National Thermal Power Corporation, ITC and ONGC were down 1% each. Jaiprakash Associates however advanced 5.06% at Rs69.55 followed by Maruti Suzuki India that gained 4.67% at Rs544.80. Mahindra & Mahindra scaled up 4.23% at Rs295.85 and Tata Steel moved up 4.23% at Rs295.85. Tata Steel, Hindalco Industries, Tata Motors, Infosys and HDFC ended with steady gains.

Over 9.71 crore shares of Satyam Computer Services changed hands on the BSE followed by Unitech (3.20 crore shares), Suzlon Energy (1.98 crore shares), Oriental Bank of Commerce (1.16 crore shares) and Cals Refineries (1.16 crore shares).

European Indices at 16:00 IST on 29-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4211.23

-83.97

-1.95

CAC 40 Index

3019.12

-56.89

-1.85

DAX INDEX

4443.24

-75.68

-1.68

Asian Indices at close on 29-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8251.24

144.95

1.79

Hang Seng Index

13154.43

575.83

4.58

Kospi Index

1166.56

8.58

0.74

Straits Times Index

1766.72

0.64

0.04

Jakarta Composite Index

1324.65

3.20

0.24

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

 

Manage your newsletter subscriptions

 

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