Sensex

Wednesday, January 14, 2009

DG - FW: Sharekhan Post-Market Report dated January 12, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 January 2009 16:21
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 12, 2009

 

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January 14, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,207.52

2,748.40

High

9,412.97

2,853.25

Low

9,202.57

2,748.40

Today's Cls

9,370.49

2,835.30

Prev Cls

9,071.36

2,744.95

Change

299.13

90.35

% Change

3.30

3.29

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Glenmark Pharma

254.85

15.08

RNRL

54.25

12.67

Indiabulls Real Estate

122.30

11.64

Rei Agro

623.45

11.44

Chambal Fertilisers

38.00

11.11

Losers

Pantaloon Retail

189.70

-5.10

Indiabulls Financial

112.35

-4.99

Grasim Industries

1283.45

-3.55

Jai Corp

67.70

-3.49

Federal Bank

143.65

-3.43

Market Statistics

-

BSE

NSE

Advances

1,402

787

Declines

982

376

Unchanged

105

53

Volume(Nos)

24.26cr

57.33cr

 Market Commentary 

Market rebounds

Across-the-board rally sees market bounce back sharply from its four-session losing streak and gain above 3% for the day.

After crashing over 1,200 points in the last four sessions, the market witnessed a strong relief rally on across-the-board buying throughout the day.  

 

Strong optimism in key indices triggered a steep rally and the oil index managed to register over 4% gains. 

Sensex opened on a strong note with a positive gap of 137 points at 9,208, but quickly tumbled. Anyway, it remained upbeat all through the session on sustained buying support. The rally gathered steam towards the close and Sensex touched an intra-day high of 9,413 before ending the session at 9,370, up 299 points. Nifty also bounced back sharply and advanced 90 points to close at 2,835.

Market breadth was absolutely positive. Of the 2,489 stocks traded on BSE, 1,402 stocks advanced whereas 982 stocks declined. Hundred and five stocks ended unchanged. All sectoral indices closed with significant gains. BSE Oil was the major gainer and soared 5.85% followed by BSE IT (up 5.02%), BSE Teck (up 4.57%), BSE Realty (up 4.38%) and BSE Metal (up 4.18%). 

Among 30 Sensex stocks, 26 ended in the green. Attracting strong buying support Reliance Communications surged 10.36% at Rs185.40, Reliance Infrastructure soared 9.70% at Rs522.35, Reliance Industries jumped 9% at Rs1178.15, Mahindra & Mahindra advanced 6.07% at Rs319.95, Tata Steel added 5.23% at Rs213.45, JP Associates zoomed 5.08% at Rs70.35, Hindalco Industries gained 4.12% at Rs50.60, Sterlite Industries vaulted 3.84% at Rs273.10 and ICICI Bank was up 3.48% at Rs441.10. Other frontline stocks also moved up by 1-3% each. 

Oil stocks witnessed sustained buying support. Reliance Natural Resources Ltd (RNRL) surged 12.67% at Rs54.25, Essar Oil jumped 9% at Rs79.15, Reliance Petroleum added 6.17% at Rs80.10, ONGC advanced 5.05% at Rs645 and Cairn India gained 1.90% at Rs155.85.

Over 2.66 crore shares of Satyam Computer Services changed hands on BSE followed by Reliance Natural Resources (2 crore shares), Rolta India (1.53 crore shares), Unitech (1.53 crore shares) and Suzlon Energy (1.36 crore shares).

European Indices at 16:15 IST on 14-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4348.18

-50.97

-1.14

CAC 40 Index

3175.09

-22.80

-0.71

DAX INDEX

4604.88

-31.72

-0.67

Asian Indices at close on 14-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8438.45

24.54

0.29

Hang Seng Index

13704.61

36.56

0.27

Kospi Index

1182.68

14.97

1.28

Straits Times Index

1764.72

2.90

0.16

Jakarta Composite Index

1386.91

-12.83

-0.92

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