Sensex

Tuesday, March 31, 2009

DG - FW: Sharekhan Post-Market Report dated March 31, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 31 March 2009 16:14
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 31, 2009

 

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March 31, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,633.21

2,981.70

High

9,826.22

3,054.30

Low

9,547.21

2,966.40

Today's Cls

9,708.50

3,020.95

Prev Cls

9,568.14

2,978.15

Change

140.36

42.80

% Change

1.47

1.44

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bhushan Steel

398.30

19.92

Siemense

269.50

10.04

JSW Steel

231.85

8.54

Indiabulls Real Estate

99.80

8.07

Biocon

144.50

7.96

Losers

NALCO

214.45

-5.07

KSK Energy

190.95

-3.61

Oriental Bank

109.90

-2.96

HDFC

1,411.20

-2.71

Andhra Bank

44.95

-2.49

Market Statistics

-

BSE

NSE

Advances

1,551

820

Declines

903

352

Unchanged

88

54

Volume(Nos)

33.84cr

82.29cr

 Market Commentary 

Market hit at fag end

Market closes with gains, but slips 228 points from the day's high of 9826.

The market appeared to be heading towards a negative close after a strong bout of profit-taking towards the close shaved off nearly 228 points from the day’s high.  

 

Starting the day with a gap of 65 points at 9633, suddenly the market crashed into negative territory and touched the day’s low of 9547. Sensex witnessed unrestrained buying in several counters that held the market firm above 9700 levels for the rest of the trading session. In the afternoon session, the index notched up further gains to touch the day's high of 9826. 

Towards the close, the market slipped, as weakness in select heavyweights, consumer durables and public sector units stocks shaved off nearly 117 points from the day’s high. Sensex ended the session with gains of 140 points at 9709, while Nifty gained 43 point to close at 3021.

The market breadth, the number of advancing shares to declining shares, was positive. Of the 2,542 stocks trading on BSE, 1,551 stocks advanced, whereas 903 stocks declines. Eighty eight stocks ended unchanged. All the 13 sectoral indices on BSE remained marginally up. BSE CG gained 3.29% followed by BSE HC (up 2.97%) and BSE Realty (up 2.93%). BSE Auto, BSE Metal, BSE Teck, BSE IT and BSE FMCG posted gains of above 2% each. Rest of the indices closed in a positive territory with marginal gains.

Among Sensex stocks, JP Associates was the leading gainer, soaring 7.26% to Rs84.20, Tata Steel advanced 5.02% to Rs206, Tata Motors jumped 4.64% to Rs180.30, Ranbaxy Laboratories shot up by 4.58% at Rs165.60, State Bank of India added 4.36% at Rs1,066.55, while Reliance Communications, Mahindra & Mahindra, Hindalco Industries, Larsen & Toubro and ITC closed with gains. Among laggards, HDFC tumbled 2.71% at Rs1411.20, National Thermal Power Corporation shed 1.80% at Rs180.20, ICICI Bank lost 1.58% at Rs332.60 and Hindustan Unilever and ONGC declined by 0.50% and 0.41% respectively.

Over 1.55 crore shares of Unitech changed hands on BSE followed by GVK Power & Infrastructure (1.39 crore shares), Cals Refineries (1.20 crore shares), Reliance Natural Resources (1.13 lakh shares) and ICICI Bank (1.05 crore shares).

European Indices at 16:00 IST on 31-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3862.11

99.20

2.64

CAC 40 Index

2758.55

39.21

1.44

DAX INDEX

4035.98

46.75

1.17

Asian Indices at close on 31-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8109.53

-126.55

-1.54

Hang Seng Index

13576.02

119.69

0.89

Kospi Index

1206.26

8.80

0.73

Straits Times Index

1699.99

26.85

1.60

Jakarta Composite Index

1434.07

14.98

1.06

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