| | Index Performance | Index | Sensex | Nifty | Open | 10,424.96 | 3,112.80 | High | 10,469.72 | 3,147.20 | Low | 9,510.15 | 2,888.20 | Today's Cls | 9,586.88 | 2,920.40 | Prev Cls | 10,335.93 | 3,112.80 | Change | -749.05 | -192.40 | % Change | -7.25 | -6.18 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | Gujarat NRE Coke | 32.05 | 7.37 | HUL | 251.45 | 1.95 | Infosys | 1,187.10 | 1.67 | BEL | 770.65 | 1.46 | Sintex | 205.20 | 1.43 | Losers | Satyam Computer | 39.95 | -77.69 | JP Associates | 71.45 | -29.15 | IVRCL Infra | 122.00 | -27.14 | Lanco Infra | 126.00 | -25.38 | Suzlon Energy | 52.20 | -22.95 | | Market Statistics | - | BSE | NSE | Advances | 414 | 100 | Declines | 2,111 | 1,120 | Unchanged | 57 | 16 | Volume(Nos) | 57.57cr | 125.84cr | | | | | Market Commentary | | Satyam pulls market down | Admittance of fraud and resignation by Satyam’s chairman pulls Sensex 749 points down; Satyam’s stock ends 77% down. | A day after market had recovered from its previous losses, the news of fraud at Satyam and the resignation of its chairman, B Ramalinga Raju sent the index into a | | | tailspin on the second last day of the trading week. Riding on the back of yesterday's smart recovery and an overnight gains in the US market, Sensex rallied past the 10,400 mark to commence at 10,424, up 89 points from its last close. Extended buying in most of the counters lifted the index to a new intra-day high of 10,470 in early trades. However the news from Satyam’s end pushed the index deep into the red by late morning trades. While the slide continued unabated, the index plunged further into the red to slip below the 9,600 mark and touch an intra-day low of 9,510 from the day's high. Sensex concluded the session with a sharp drop of 749 points at 9,587, while Nifty declined 192 points to close at 2,920. In the broader market, losers outpaced gainers. Of the 2,582 stocks traded on the BSE, 2,111 stocks declined, whereas only 414 stocks advanced. Fifty seven stocks ended unchanged. BSE Realty was the worst hit among sectoral indices, losing 16.70% followed by BSE IT (down 9.29%), BSE Oil & Gas (down 9.27%), BSE Bankex (down 8.16%) and BSE Teck (down 7.85%). Pulling the market, Satyam Computer Services (Satyam) tanked 77.16% at Rs40.90, JP Associates crashed 29.70% at Rs70.90, Reliance Communications shed 17.42% at Rs205.50, DLF declined 17.08% at Rs232, Reliance Infrastructure lost 13.25% at Rs561.20, Reliance Industries slipped 12.29% at Rs1,199.90 and ICICI Bank dropped 11.31% at Rs464. Among other major losers Larsen & Toubro dipped 9.49% at Rs768, Tata Motors slipped by 7.49% at Rs171.80 and Ranbaxy Laboratories was down 7.46% at Rs234.55. Mahindra & Mahindra, HDFC Bank, ACC, Hindalco Industries, State Bank of India, Tata Steel, ONGC and ITC were down 3.85% each. Select counters, however, bucked the downtrend. Hindustan Unilever advanced 1.44% at Rs250.20 while Infosys, Maruti Suzuki India and Wipro were up with steady gains. Over 14.27 crore shares of Satyam changed hands on BSE followed by Suzlon Energy (3.08 crore shares), Unitech (2.87 crore shares), JP Associates (2.84 crore shares) and Reliance Natural Resources (1.92 crore shares). | | | | | | | | European Indices at 16:00 IST on 07-01-2009 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 4581.33 | -57.59 | -1.24 | CAC 40 Index | 3387.05 | -9.17 | -0.27 | DAX Index | 4978.83 | -48.47 | -0.94 | | | | | | | | | | | Asian Indices at close on 07-01-2009 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 9239.24 | 158.40 | 1.74 | Hang Seng Index | 14987.46 | 522.05 | 3.37 | Kospi Index | 1228.17 | 33.89 | 1.76 | Straits Times Index | 1913.66 | -11.21 | 2.84 | Jakarta Composite Index | 1421.47 | -14.07 | -0.98 | | | | | | | | 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 | |
No comments:
Post a Comment