Sensex

Wednesday, January 28, 2009

DG - FW: Sharekhan Post-Market Report dated January 28, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 January 2009 16:10
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 28, 2009

 

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January 28, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,077.65

2,771.10

High

9,270.75

2,855.40

Low

9,053.80

2,765.60

Today's Cls

9,257.47

2,849.50

Prev Cls

9,004.08

2,771.35

Change

253.39

78.15

% Change

2.81

2.82

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

NMDC

171.00

16.21

Max India

124.65

15.58

United Spirits

571.80

15.17

Zee Enter

110.95

13.27

Unitech

30.85

13.21

Losers

Glenmark Pharma

141.15

-24.98

Essar Shipping

29.00

-3.81

EIH

97.55

-3.70

Maruti Suzuki

520.50

-3.15

Asian Paints

780.35

-3.12

Market Statistics

-

BSE

NSE

Advances

1,403

717

Declines

1,025

447

Unchanged

102

52

Volume(Nos)

32.23cr

73.09cr

 Market Commentary 

Unabated rally 

Market rallies sharply above 9,200 mark on strong buying in realty, metal, and banking stocks.

The market displayed tremendous strength on firming global cues. Sensex went into a major recovery mode after last week’s fall and surged by over 250

 

points during intra-day trades. Rally in Asian markets cheered investors and Sensex had a gap-up opening at 9078, up 74 points. Realty, metal and banking stocks led the rally and the respective indices posted over 3-6% gains on BSE. Firm open in major European indices and positive close in European markets also helped the sentiment remain bullish, with Sensex crossing 9200-mark by afternoon and maintaining upwards bias thereafter. Sustained buying in frontline stocks saw Sensex surge past 9250 mark to touch the day's high of 9271 towards close. Sensex ended the session by gaining 253 points or 2.81% up at 9257, while the Nifty added 78 points 2850.

The breadth of the market was positive. Of the 2,530 stocks traded on the BSE 1,403 stocks advanced, 1,025 stocks declined and 102 stocks ended unchanged. Among sectoral indices BSE Realty flared up by 6.32%, BSE Metal rose 4.44% and BSE Bankex moved up by 3.79%. Other indices also ended with gains over 1-3% each.

All Sensex stocks except a few ended at higher levels. Ranbaxy Laboratories flared up 7.56% at Rs213.50, ICICI Bank shot up by 7.08% at Rs408.35, DLF zoomed 6.63% at Rs177.70, Tata Motors moved up by 4.60% at Rs146.75, Mahindra & Mahindra scaled up 4.28% at Rs283.85, HDFC surged by 4.02% at Rs1,504.60, Reliance Industries jumped by 3.76% at Rs1273.15 and Wipro gained 3.63% at Rs234.35. While Maruti Suzuki India lost 3.15% at Rs520.50, Reliance Communications slipped 3.03% at Rs166.40 and Sterlite Industries moved down 0.41% at Rs266.70.

Over 8.19 crore shares of Satyam Computer Services changed hands on the BSE followed by Unitech (2.54 crore shares), Suzlon Energy (1.16 crore shares), HDIL (92 lakh shares) and Reliance Natural Resources (81 lakh shares).

European Indices at 16:00 IST on 28-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4264.76

70.57

1.68

CAC 40 Index

3021.41

6.88

2.26

DAX INDEX

4439.40

116.13

2.68

Asian Indices at close on 28-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8106.29

45.22

0.56

Hang Seng Index

12578.60

-

-

Kospi Index

1157.98

64.58

5.91

Straits Times Index

1766.08

80.85

4.80

Jakarta Composite Index

1321.45

-15.18

-1.14

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