Sensex

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

 

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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

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