Sensex

Tuesday, February 24, 2009

DG - FW: Sharekhan Post-Market Report dated February 24, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 24 February 2009 16:29
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 24, 2009

 

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February 24, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,707.35

2,737.25

High

8,856.52

2,746.20

Low

8,619.22

2,677.55

Today's Cls

8,822.06

2,733.90

Prev Cls

8,843.21

2,736.45

Change

-21.15

-2.55

% Change

-0.24

-0.09

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Rei Agro

52.25

8.85

Alstom Projects

325.30

8.16

Power Grid

91.75

6.50

M&M

295.10

4.92

Bharat Forge

82.70

4.29

Losers

Syndicate Bank

52.45

-14.58

Educomp Solutions

1,565.50

-11.65

Pantaloon

130.95

-9.66

Everest Kanto

91.15

-9.03

Sintex

98.85

-8.39

Market Statistics

-

BSE

NSE

Advances

790

337

Declines

1,613

842

Unchanged

98

39

Volume(Nos)

19.29cr

43.90cr

 Market Commentary 

Capital goods rally

While selling pressure saw most stocks slip from higher levels, capital goods stocks held on to their gains to end firm.

The market undid most of the day’s losses towards the close. Taking lead from weak global indices Sensex resumed lower from its previous close and the mood 

 

remained sombre with market slipping on profit booking in index pivotals, metal and banking stocks. The market once again witnessed selling pressure and Sensex touched the day's low of 8619 by afternoon amid choppy session. However Sensex recovered shrugging off weakness in the early trades on substantial buying towards the close and ends the session at 8822, down 21 points. Nifty ends 3 points at 2734.

The market breadth was negative. Of the 2,501 stocks traded on BSE, 1,613 stocks declined, whereas 790 stocks advanced. Ninety eight stocks ended unchanged. Most of the sectoral indices ended lower. Even those that were up were so only marginally. BSE Metal was down 2.31% followed by BSE Bankex (down 1.36%) and BSE PSU index (down 0.71%). On the other hand, BSE CD (consumer durable index) rallied sharply by 0.73%.

Select counters logged steady gains. Mahindra & Mahindra rose by 4.92% at Rs295.10, Ranbaxy Laboratories added 3.94% at Rs214.85, Grasim Industries gained 3.01% at Rs1,384.65 and DLF moved up by 1.48% at Rs157.35. However several index heavyweights slipped into the red and ended with losses. HDFC declined by 4.78% at Rs1289, Tata Steel dropped 4.46% at Rs160.55, Sterlite Industries slumped 1.85% at Rs243.80, State Bank of India shed 1.75% at Rs1026.25, Sun Pharmaceutical Industries lost 1.72% at Rs1005, Tata Consultancy Services lost 1.57% at Rs466.50, Wipro slipped by 1.44% at Rs212.20 and Tata Motors was down 1.23% at Rs132.10. 

Over 1.14 crore shares of Cals Refineries changed hands on BSE followed by Unitech (86.20 lakh shares), Satyam Computer Services (82.90 lakh shares), DLF (60.59 lakh shares) and ICICI Bank (49 lakh shares).

European Indices at 16:00 IST on 24-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3818.70

-32.03

-0.83

CAC 40 Index

26777.84

-50.03

-1.82

DAX INDEX

3842.05

-94.40

-2.40

Asian Indices at close on 24-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7268.56

-107.60

-1.46

Hang Seng Index

12798.52

-376.58

-2.86

Kospi Index

1063.88

-35.67

-3.24

Straits Times Index

3331.60

-19.60

-0.58

Jakarta Composite Index

1295.70

-16.57

-1.26

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