| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,241.56 | 2,802.75 | | High | 9,247.09 | 2,816.80 | | Low | 9,017.08 | 2,754.85 | | Today's Cls | 9,090.88 | 2,780.05 | | Prev Cls | 9,201.85 | 2,803.05 | | Change | -110.97 | -23.00 | | % Change | -1.21 | -0.82 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Essar Shipping | 31.50 | 7.69 | | Akruti City | 887.50 | 7.32 | | GE Shipping | 189.10 | 6.57 | | Sesa Goa | 91.20 | 5.80 | | United Spirits | 566.95 | 5.61 | | Losers | | Sintex Industries | 115.45 | -8.15 | | Spice Tele | 76.40 | -7.45 | | Sterlite Industries | 263.40 | -5.71 | | M&M | 266.75 | -5.69 | | ABB | 437.40 | -5.59 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,001 | 409 | | Declines | 1,459 | 744 | | Unchanged | 108 | 60 | | Volume(Nos) | 33.88cr | 69.35cr | | | | | | Market Commentary | | | Down 111 points | | Market slips on the back of weakness in international markets and shed over 1% amid heavy selling in heavyweight, auto, consumer durables and information technology stocks. | | After yesterday's upsurge of 53 points, the market failed to rally further as weak Asian indices and overnight fall on US bourses weighed on investor sentiment. Barring | 
| | | metal and health care stocks, all other sectors witnessed selling. Sensex opened with a positive gap of 40 points at 9242 but heavy selling turned the markets negative, which did not recover all through the day from early slump. While the market moved in a range for a better part of the trading session, the index witnessed a steep fall towards the close and nearly breached the 9000 mark to touch the day's low of 9017. Sensex pared some losses on selective buying and ended the session with losses of 111 points at 9091, while Nifty declined by 23 points to close at 2780.
The market breadth was weak. Of the 2,568 stocks traded on BSE, 1,459 stocks declined, 1001 stocks advanced and 108 stocks ended unchanged. Among sectoral indices, BSE Auto dropped sharply losing 1.98% while BSE CD, BSE IT, BSE CG and BSE Teck were down over 1% each. BSE Metal and BSE HC were the only gainers.
Heavyweights led the fall in Sensex. Sterlite Industries slipped by 6.21% at Rs262, Mahindra & Mahindra slumped by 5.96% at Rs266, Maruti Suzuki India shed 4.07% at Rs577.50, HDFC lost 3.66% at Rs1,389.65 and Tata Consultancy Services was down 3.27% at Rs482.75. Tata Motors, Larsen & Toubro, Reliance Communications and Hindalco Industries declined by around 1-2% each. Among gainers, Grasim Industries rose by 3.13% at Rs1,326.20 while Tata Steel, Ranbaxy Laboratories and ACC ended with modest gains.
Over 5.78 crore shares of Wire & Wireless India changed hands on BSE followed by Mercator Lines (2.20 crore shares), Firstsource Solutions (1.93 crore shares), Satyam Computer Services (1.88 crore shares) and Ispat Industries (1.47 crore shares). | | | | | | | | European Indices at 16:00 IST on 05-02-2009 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4205.97 | -22.63 | -0.54 | | CAC 40 Index | 3031.64 | -37.35 | -1.22 | | DAX INDEX | 4454.09 | -38.72 | -0.89 | | | | | | | | | | | Asian Indices at close on 05-02-2009 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 7949.65 | -89.29 | -0.29 | | Hang Seng Index | 13178.90 | 115.01 | 0.88 | | Kospi Index | 1177.88 | -17.49 | -1.46 | | Straits Times Index | 1704.60 | -2.79 | -0.16 | | Jakarta Composite Index | 1328.07 | 7.71 | 0.58 | | | | | | | | 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