Sensex

Tuesday, February 03, 2009

DG - FW: Sharekhan Post-Market Report dated February 03, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 03 February 2009 16:12
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 03, 2009

 

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February 03, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,128.99

2,773.50

High

9,302.75

2,831.70

Low

9,040.56

2,752.90

Today's Cls

9,149.30

2,783.90

Prev Cls

9,066.70

2,766.65

Change

82.60

17.25

% Change

0.91

0.62

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Grasim Industries

1274.80

7.15

Spice Tele

86.00

6.63

Ultratech Cement

411.70

5.62

NDTV

84.50

5.36

ACC

518.20

5.10

Losers

DLF

132.90

-13.25

Educomp Solutions

1,490.05

-12.28

Indiabulls Real Estate

93.15

-8.94

Tata Motors

133.50

-6.41

HDIL

79.15

-6.39

Market Statistics

-

BSE

NSE

Advances

1,074

473

Declines

1,339

684

Unchanged

101

57

Volume(Nos)

28.70cr

67.20cr

 Market Commentary 

Profit taking trims gains

Sensex comes off its early highs on selective profit taking, however ending higher at 9149.

Even as major Asian indices like Nikkei, Hang Seng, Straits Times and Kospi ended lower for the day, Sensex ended positive despite failing to hold on to

 

its early rally, closing way off its highs amid profit taking towards the closing hours. Riding on the back of yesterday's negative close and optimism in several international markets, Sensex resumed 124 points higher at 9129 and advanced sharply on sustained buying scaling past 9300 touching an intra-day high of 9303. After remaining above 9200 for the entire first half, Sensex witnessed profit taking and slipped below 9050 to touch the day's low of 9,041, down 26 points. Sensex finally ended the session with gains of 83 points at 9149, while Nifty gained 17 points to close at 2784.

Among front liners, Grasim Industries soared 7.43% at Rs1278.10, ACC rose 5.26% at Rs519, Maruti Suzuki India added 3.58% at Rs586.90, Bharat Heavy Electricals Ltd jumped 2.84% at Rs1,345, ITC advanced 2.59% at Rs180.50, Wipro gained 2.43% at Rs225.45, ONGC moved up 2.13% at Rs653 and Tata Consultancy Services soared 2.03% at Rs501.95. However, DLF dropped 13.25% at Rs132.90 while Tata Motors declined 6.41% at Rs133.50 and Hindalco Industries, National Thermal Power Corporation, Mahindra & Mahindra, Tata Steel, Larsen & Toubro and Ranbaxy Laboratories lost 0.5-2%. 

The breadth of the market turned negative. Of the 2,514 stocks traded on the BSE, 1,339 stocks declined, 1,074 stocks advanced and 101 stocks ended unchanged. BSE Oil & Gas was the lead performer and rose 1.44% while BSE FMCG gained 1.01%.

Over 3.65 crore shares of Satyam Computer Services changed hands on the BSE followed by Spice Tele (3.52 crore shares), Unitech (1.31 crore shares), DLF (1.30 crore shares) and Reliance Natural Resources (1.04 crore shares).

European Indices at 16:15 IST on 03-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4078.15

0.37

0.30

CAC 40 Index

2940.03

9.98

0.34

DAX INDEX

4290.32

19.28

0.48

Asian Indices at close on 03-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7825.51

-48.47

-0.62

Hang Seng Index

12776.89

-84.60

-0.66

Kospi Index

1163.20

16..25

1.42

Straits Times Index

1711.92

6.63

0.39

Jakarta Composite Index

1304.33

-6.31

-0.48

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