Sensex

Friday, February 20, 2009

DG - FW: Sharekhan Post-Market Report dated February 20, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 February 2009 16:28
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 20, 2009

 

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February 20, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,943.78

2,789.30

High

8,943.78

2,789.30

Low

8,762.58

2,709.30

Today's Cls

8,843.21

2,736.45

Prev Cls

9,042.63

2,789.35

Change

-199.42

-52.90

% Change

-2.21

-1.90

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Tata Tea

537.95

3.39

IRB Infra

102.00

2.82

GE Shipping

172.05

2.56

M&M Financial

197.65

2.52

ABB

400.35

1.82

Losers

Educomp Solutions

1,771.85

-12.10

Spice Tele

73.95

-10.25

Jain Irrigation

340.80

-7.55

ICICI Bank

335.95

-7.07

Sesa Goa

81.65

-6.79

Market Statistics

-

BSE

NSE

Advances

758

258

Declines

1,656

928

Unchanged

86

33

Volume(Nos)

20.72cr

42.31cr

 Market Commentary 

Dow effect; market below 8900

Weak cues from markets globally spur across-the-board selling in Indian markets with Sensex down by 199 points.

With Dow Jones down to its 6-year low and Asian markets opening weak, Sensex lost 2.20% for the day. Starting the day with a negative note (at 8944) the markets could not recover, as sentiment

 

turned extremely bearish as the day passed. A sharp fall in heavy weights, correction in Bankex (the banking index) and drop in information technology, metal, technology and oil stocks dragged Sensex below 8800 mark in the afternoon to touch the day's low of 8763, down 280 points. The index closed the day 199 points down at 8843 whereas Nifty shed 53 points to close at 2736.

The market breadth was extremely weak. Of the 2,500 stocks traded on BSE 1,656 stocks declined, whereas 758 stocks advanced. Eighty six stocks ended unchanged. All the 13 sectoral indices were hammered. BSE Bankex led the slump and closed weaker by 3.49% followed by BSE IT (down 2.69%), BSE Metal (down 2.67%) and BSE Teck (down 2.21%).

Of the 30 scrips that make Sensex only two ended positive for the day. Of the major losers ICICI Bank slumped 7.07% to Rs335.95, Reliance Communications shed 4.55% to Rs155.30, Reliance Energy declined 

3.38% to Rs491.30, Tata Consultancy Services lost 3.16% at Rs473.95, Sterlite Industries shed 3.16% at Rs248.40, Reliance Industries fell 3.10% at Rs1253.55, Mahindra & Mahindra slipped by 3.07% at Rs281.25, Larsen & Toubro plunged 2.83% at Rs622.50 and HDFC tumbled by 2.80% at Rs1,353.65. Other blue chips also fell around 1-2% each. Among select gainers, Maruti Suzuki India added 0.83% at Rs553.75 and Bharti Airtel gained marginally.

Satyam Computer Services was the most actively traded counter with volumes of over 1.44 crore shares on BSE followed by Firstsource Solutions (80.25 lakh shares), Wire & Wireless India (76.67 lakh shares), Unitech (65.60 lakh shares) and Spice Communications (65.67 lakh shares).

European Indices at 16:00 IST on 20-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3915.85

-102.52

-2.55

CAC 40 Index

2779.87

-92.73

-3.23

DAX INDEX

4075.77

-140.24

-3.33

Asian Indices at close on 20-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7416.38

-141.27

-1.87

Hang Seng Index

13023.36

-324.19

-2.49

Kospi Index

1065.95

41.15

-3.72

Straits Times Index

1594.94

-34.41

-2.11

Jakarta Composite Index

1296.94

-26.75

-2.02

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