Sensex

Tuesday, February 10, 2009

DG - FW: Sharekhan Post-Market Report dated February 10, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 10 February 2009 16:36
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 10, 2009

 

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February 10, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,589.95

2,919.70

High

9,724.87

2,957.40

Low

9,510.50

2,891.75

Today's Cls

9,647.47

2,934.50

Prev Cls

9,583.89

2,919.90

Change

63.58

14.60

% Change

0.66

0.50

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Educomp Solutions

1,891.45

18.43

KSK Energy

184.55

13.29

Praj Industries

62.30

11.25

Zee Enter

129.60

9.60

Unitech

31.85

9.45

Losers

Spice Tele

56.20

-9.06

Balrampur Chini

55.65

-6.71

Bajaj Hindusthan

51.50

-5.50

Triveni Engineering

47.85

-5.43

Indiabulls Financial

119.85

-4.99

Market Statistics

-

BSE

NSE

Advances

1,387

659

Declines

1,080

505

Unchanged

109

58

Volume(Nos)

35.39cr

72.33cr

 Market Commentary 

Realty stocks rally

While selling drags most of the stocks from higher levels, realty stocks hold on to their gains and end firm.

The market failed to hold on to its first-half gains and buckled under sustained selling pressure in noon trades, with Sensex gyrating around 214 points during   

 

intra-day trades. Shrugging off weak US and European indices, Sensex took cue from mixed Asian indices in early trades and rallied sharply on strong buying support to touch the day's high of 9725, up 141 points over the last close of 9584. However, the ongoing bearish trend pulled the market down with the index plunging deep into the red to touch an intra-day low of 9511, down 73 points from the last close. Sensex managed to recover losses of 73 points towards the fag end and ended the session above 9600-mark at 9647, up 64 points, while Nifty advanced 15 points to close at 2935.

The breadth of the market was strong. Of the 2,576 stocks traded on the BSE 1,387 stocks advanced, 1,080 stocks declined and 109 stocks ended unchanged. BSE Realty gained sharply and advanced 6.58% followed by BSE CG (up 3.14%), BSE Bankex (up 1.16%) and BSE HC (up 1.14%).

Several index heavyweights surged and ended with gains. DLF led Sensex and advanced nearly 8.40% at Rs151.60, Bharat Heavy Electricals moved up 4.11% at Rs1,450, Mahindra & Mahindra raised 3.96% at Rs285.15, Larsen & Toubro soared 3.07% at Rs695.10, Reliance Communications gained 2.94% at Rs171.30, HDFC Bank declined by 2.82% at Rs945, Maruti Suzuki India advanced by 2.30% at Rs232.15 and Ranbaxy Laboratories was up 2.04% at Rs232.15. Select counters, however, were down for the day. Satyam Computer Services (Satyam) lost 3.47% at Rs44.50, Reliance Energy added 2.86% at Rs561, Tisco lost 2.20% at Rs195.15 and Hindalco Industries moved down by 2.07% at Rs44.90.

Over 1.02 crore shares of Satyam changed hands on BSE followed by DLF (94.03 lakh shares), JP Associates (63.22 lakh shares), Reliance Communications (53.30 lakh shares) and Tisco (46.75 lakh shares).

European Indices at 16:00 IST on 10-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4247.66

-59.95

-1.39

CAC 40 Index

3089.27

-45.60

-1.45

DAX INDEX

4588.04

-78.78

-1.68

Asian Indices at close on 10-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

79.45.94

-23.09

-0.29

Hang Seng Index

13880.64

111.58

0.81

Kospi Index

1198.87

-3.82

-0.32

Straits Times Index

1703.29

20.95

1.25

Jakarta Composite Index

1332.13

-10.1

-0.75

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