Sensex

Wednesday, February 11, 2009

DG - FW: Sharekhan Post-Market Report dated February 11, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 11 February 2009 16:58
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 11, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

February 11, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,462.14

2,933.00

High

9,648.39

2,937.50

Low

9,459.59

2,877.60

Today's Cls

9,618.54

2,925.70

Prev Cls

9,647.47

2,934.50

Change

-28.93

-8.80

% Change

-0.30

-0.30

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IFCI

21.70

9.05

Renuka Sugar

85.10

9.03

RCF

36.90

8.53

Rolta India

95.80

7.64

Siemens

221.35

7.17

Losers

Zee Entertainment

114.05

-12.0

Spice Comm

52.55

-6.49

Ranbaxy Laboratories

221.20

-5.00

Indiabulls

113.90

-4.96

Bharat Forge

81.50

-4.12

Market Statistics

-

BSE

NSE

Advances

1,263

640

Declines

1,138

529

Unchanged

106

63

Volume(Nos)

33.21cr

70.30cr

 Market Commentary 

Market ends flat

Market erases its early losses and ends flat on selective buying in heavyweight and auto stocks.

The market staged a smart recovery towards the close and ended flat after a sharp slump during intra-day trades saw the index drop nearly 187 points.  

 

The market was extremely choppy in early trades. After shedding nearly 150 points initially, Sensex continued to be in the red and touched an intra-day low of 9460. However it erased its losses amid selective buying in heavyweight, auto and consumer durable stocks towards the close and lifted the index to an intra-day high of 9648. Sensex finally closed the session at 9619, down 29 point, while Nifty lost only 9 points to close at 2926.

The breadth of the market, however, was slightly firm. Of the 2,504 stocks traded on the BSE, 1,287 stocks advanced, 1,117 stocks advanced and 100 stocks ended unchanged. Among the sectoral indices BSE HC shed 1.20% while BSE Metal, BSE Oil and BSE IT were down around 1% each. However, BSE Auto and BSE CD gained steady.

Ranbaxy Laboratories dropped 5% at Rs221.20, Grasim Industries declined 3.52% at Rs1,417.45, Reliance Infrastructure lost 3.73% at Rs541.50, Tata Steel shed 3.38% at Rs190.30, Tata Motors moved down by 2.09% at Rs135.95 and Sun Pharmaceutical Industries was down 2.04% at Rs1,095.15. Tata Consultancy Services, Wipro, Sterlite Industries, HDFC Bank, ONGC, Reliance Industries, Larsen & Toubro, DLF, Mahindra & Mahindra and State Bank of India were down 1-2% each. State Bank of India, Infosys, Bharat Heavy Electricals, National Thermal Power Corporation and ITC ended the day in the red. However, Maruti Suzuki India advanced by 4% at Rs632.55, ACC jumped 2.64% at Rs558.15, JP Associates rose 2.47% at Rs76.70, Tata Power added 1.81% at Rs807.95, Bharti Airtel gained 1.72% at Rs674.20 and ICICI Bank was up 1.63% at Rs435.40. 

Over 2.98 crore share of Satyam Computer Services changed hands on the BSE followed by Unitech (2.15 crore shares), IFCI (2.10 crore shares), GVK Power & Infrastructure (1.37 crore shares) and Cals Refineries (87.49 lakh shares).

European Indices at 16:15 IST on 11-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4203.26

-9.82

-0.23

CAC 40 Index

3006.98

-13.77

-0.46

DAX INDEX

4504.07

-1.9

-0.04

Asian Indices at close on 11-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7945.94

-

-

Hang Seng Index

13539.21

-341.43

-2.46

Kospi Index

1190.18

-8.69

-0.72

Straits Times Index

1721.97

18.68

1.1

Jakarta Composite Index

1324.82

-7.31

-0.55

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

 

Manage your newsletter subscriptions

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
10 Day Club

on Yahoo! Groups

Share the benefits

of a high fiber diet.

Check out the

Y! Groups blog

Stay up to speed

on all things Groups!

Yahoo! Groups

Everyday Wellness Zone

Check out featured

healthy living groups.

.

__,_._,___

No comments: