Sensex

Monday, February 09, 2009

DG - FW: Sharekhan Post-Market Report dated February 09, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 February 2009 16:37
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 09, 2009

 

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February 09, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,359.00

2,843.05

High

9,601.56

2,926.75

Low

9,329.23

2,840.15

Today's Cls

9,583.89

2,919.90

Prev Cls

9,300.86

2,843.10

Change

283.03

76.80

% Change

3.04

2.70

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bhushan Steel

332.80

16.98

Financial Technologies

508.30

15.30

Educomp Solutions

1,597.05

13.96

United Spirits

701.45

13.92

Alstom Projects

275.25

12.83

Losers

Spice Tele

61.80

-14.64

Bajaj Finserv

142.00

-4.79

HCL Tech

120.40

-4.33

Essar Shipping

31.55

-2.92

Indiabulls Financial

126.15

-2.77

Market Statistics

-

BSE

NSE

Advances

1,562

804

Declines

910

364

Unchanged

83

47

Volume(Nos)

28.91cr

59.76cr

 Market Commentary 

Upbeat for second day

The market remains up for the second day in the row, surging 283 points, on sustained buying in heavyweight, metal and consumer durable stocks.

The market saw substantial buying interest for the second straight session on firm global cues and gained nearly 100 points in early trades.  

 

Resuming with a positive gap of 58 points Sensex was at 9359 at the opening bell. The market was range-bound with a positive bias, but the index lost some ground in the late morning trades to touch the day's low of 9329, up 28 points from Friday's close. The market however regained its lost momentum towards the final hour on the back of hectic upsurge in metal, capital goods and consumer durable (CD) stocks and ended the session at 9584, up 283 points. Nifty gained 77 points to close at 2920.

Movers & Shakers

  • Parsvnath Developers slipped despite Parsvnath Hotel at Hyderabad getting 5 Star approval from the Ministry of Tourism.
  • BEML gained on receiving a contract of Bangaluru Metro worth Rs1,672.50 crore or Rs16.73 million.
  • Nagarjuna Construction Company surged on the report that the company has secured four new orders aggregating to Rs712 crore.
  • Ahluwalia Contracts India moved down despite a report that the company has won award of new projects worth Rs 32,013.81 lakh.


The market breadth was positive. Of the 2,555 stocks traded on BSE 1,562 stocks advanced, whereas 910 stocks declined. Eighty three stocks ended unchanged. Among sectoral indices, BSE Metal was 4.41% up followed by BSE CD (up 3.69%) while BSE CG, BSE OIL and BSE Bankex were up by 3% each respectively.

Most of index heavyweights received considerable buying interest. JP Associates soared 8.47% at Rs74.80, Tata Steel rose 7.44% at Rs200 and Reliance Infrastructure was up 7.03% at Rs578.65. Among other major gainers Sterlite Industries shot up by 6.23% at Rs281.25, ONGC jumped 5.98% at Rs721.75, ICICI Bank added 5.17% at Rs428, Hindalco Industries gained 3.97% at Rs45.85, Tata Power moved up by 3.43% at Rs7,778.75 and Reliance Industries was up 3.39% at Rs1,389.05. However Hindustan Unilever slipped 0.27% at Rs260.20.

Over 2.53 crore shares of Cals Refineries changed hands on BSE followed by Wire & Wireless India Ltd (WWIL; 1.44 crore shares), GVK Power & Infrastructure (1.27 crore shares), Satyam Computer Services (1.08 crore shares) and Unitech (0.86 crore shares).

European Indices at 16:00 IST on 09-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4266.84

-25.03

-0.58

CAC 40 Index

3105.90

-15.54

-0.50

DAX INDEX

4631.24

-12.55

-0.27

Asian Indices at close on 09-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7969.03

-107.59

-1.33

Hang Seng Index

13769.06

114.02

0.83

Kospi Index

1202.69

-7.57

-0.63

Straits Times Index

1682.34

-33.01

-1.92

Jakarta Composite Index

1342.23

-8.42

-0.62

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