Sensex

Friday, February 13, 2009

DG - FW: Sharekhan Post-Market Report dated February 13, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 February 2009 16:27
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 13, 2009

 

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February 13, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,540.60

2,896.95

High

9,695.59

2,969.75

Low

9,540.60

2,896.85

Today's Cls

9,634.74

2,948.35

Prev Cls

9,465.83

2,893.05

Change

168.91

55.30

% Change

1.78

1.91

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Spice Tele

86.90

10.21

Oracle Financial

681.45

10.18

EIH

111.90

8.96

GTL Infra

31.70

8.93

Renuka Sugar

90.70

8.88

Losers

RCF

39.95

-5.67

Rei Agro

56.85

-4.93

Sun Pharma

1,067.45

-3.45

ABB

441.40

-3.01

Century Textiles

177.20

-2.32

Market Statistics

-

BSE

NSE

Advances

1,484

777

Declines

947

405

Unchanged

100

40

Volume(Nos)

30.52cr

60.98cr

 Market Commentary 

Market upbeat 169 points

The market comes off its highs, but ends firm above 9600 on strong gains in heavyweights, metals, capital goods and power stocks. 

The market held firm above 9600 levels for almost the entire session, as strong US and Asian markets created a perfect platform for the bulls to pursue buying.  

 

Undeterred by the slowdown in foreign institutional investor inflows, Sensex resumed 75 points higher at 9541 and advanced further on substantial buying. While gains continued unabated, buying spree in heavyweights, capital goods, banking, metal, public sector units and auto stocks propelled the index to an intra-day high of 9696 in noon trades. Sensex finally wrapped the session 169 points up at 9635, while Nifty fell short of 2 points to breach the 2950 mark and ended at 2948, up 55 points.

The market breadth was positive. Of the 2,531 stocks traded on the BSE 1,484 stocks advanced, 947 stocks declined and 100 stocks ended unchanged. All sectoral indices bar BSE HC ended positive. BSE Metal index was the major gainer and soared 2.63% followed by BSE Auto (up 2.27%), BSE Metal (up 2.27%) and BSE Realty (up 2.21%) etc. 

Front-line stocks once again led the rally. Mahindra & Mahindra was the front-runner amongst the heavyweights and vaulted 7.05% at Rs321. Among the other major gainers ACC rose by 6.06% at Rs582.50, TISCO surged 4.88% at Rs194.50, DLF advanced 4.13% at Rs162.70, Reliance Communications scaled up 3.68% at Rs178.80, Maruti Suzuki India flared up 3.32% at Rs634 and ICICI Bank jumped 3.32% at Rs434.60. Reliance Infrastructure, Bharat Heavy Electricals, JP Associates, Reliance Industries, Sterlite Industries, State Bank of India and Larsen & Toubro gained over 2% each. Ranbaxy Laboratories however lost ground and tumbled 0.82% at Rs211, while Tata Power, Infosys & Bharti lost marginally.

Over 1.30 crore shares of Cals Refineries changed hands on BSE followed by Spice Communications (1.27 crore shares), Hexaware Technologies (1.27 crore shares), Wire & Wireless India Ltd (1.25 crore shares) and Dish TV (1.20 crore shares).

European Indices at 16:00 IST on 13-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4272.60

70.36

1.67

CAC 40 Index

3039.00

74.66

2.52

DAX INDEX

4498.20

90.62

2.06

Asian Indices at close on 13-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7779.40

74.04

0.96

Hang Seng Index

13554.67

326.37

2.47

Kospi Index

1192.44

12.60

1.07

Straits Times Index

1705.64

20.68

1.23

Jakarta Composite Index

1338.74

13.32

1.01

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