Sensex

Tuesday, April 28, 2009

DG - FW: Sharekhan Post-Market Report dated April 28, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 April 2009 16:52
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 28, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

April 28, 2009

 

Index Performance

Index

Sensex

Nifty

Open

11,371.34

3,469.50

High

11,375.97

3,471.95

Low

10,961.76

3,351.50

Today's Cls

11,001.75

3,362.35

Prev Cls

11,371.85

3,470.00

Change

-370.10

-107.65

% Change

-3.25

-3.10

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Godrej Conumer

144.85

7.98

Indian Oil 

449.75

3.08

Castrol

327.90

2.84

Colgate

479.40

1.54

Piramal Health

226.85

1.27

Losers

IVRCL Infra

161.30

-11.40

Indian Bank

100.25

-10.97

Nagarjuna Const

68.85

-10.65

Aban Offshore

395.25

-10.56

Aditya Birla Nuvo

523.75

-10.54

Market Statistics

-

BSE

NSE

Advances

654

178

Declines

1,807

1,027

Unchanged

81

27

Volume(Nos)

37.71cr

82.52cr

 Market Commentary 

Market close to 11000

Benchmark Sensex remains bearish all through the day amid weakness across international markets and closes 370 points down

The Sensex had witnessed a firm trend and had surged over 500 points on strong buying over the last three sessions.

 

However, bears hit back strongly today and triggered a major sell-off during intra-day trades. Tracking weak Asian markets, the 30-stock Sensex started the day with a negative gap at 11371 and continued to slide down. After plunging below 11000-mark to touch the day's low of 10962, the market moved within a range with a negative bias. Towards the close, the market witnessed panic selling and the Sensex ended 370 points down at 11002 while the 50-stock index, Nifty, shed 108 points to close at 3362.

Beaten or bashed, none of the sectoral indices were spared. The BSE Realty index and the BSE Metal dropped over 5% each, while the BSE Bankex index, the BSE CG index, the BSE Power index and the BSE PSU index were down over 2-4% each. The BSE small-cap index ended with loss of 3% and the BSE mid-cap index was down 3%.

Market breadth, the number of advancing shares to declining ones, was negative for the day. Of the 2,542 stocks traded on the BSE, 1,807 stocks declined, whereas only 654 stocks advanced. Eighty one stocks ended unchanged. All the index heavyweights ended lower. DLF was the major loser, tumbling 7.81% at Rs224.80 for the day. Sterlite Industries at Rs383.20, Tata Steel at Rs234.30, HDFC at Rs1,671.05, Reliance Communications at Rs207.55 and Reliance Infrastructure at Rs662 slumped around 7% each. Among other major losers, Tata Motors dropped 6.41% at Rs232.80, ICICI Bank lost 6.11% at Rs439.35, Bharat Heavy Electricals fell 4.12% at Rs1,601.65, Hindalco Industries lost 4.04% at Rs53.45 and HDFC Bank declined by 4.01% at Rs1,070.75.

Over 4.54 crore shares of Cals Refineries changed hands on the BSE followed by Unitech (2.30 crore shares), Birla Power (2.29 crore shares), JP Associates (1.59 crore shares) and Reliance Natural Resources (1.38 crore shares).

European Indices at 16:00 IST on 28-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4085.91

-81.10

-1.95

CAC 40 Index

3030.38

-72.05

-2.32

DAX INDEX

4572.37

-121.70

-2.59

 

Asian Indices at close on 28-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8473.77

-232.57

-2.67

Hang Seng Index

14555.11

-285.31

-1.92

Kospi Index

1300.24

-39.59

-2.95

Straits Times Index

1808.41

-10.20

-0.56

Jakarta Composite Index

1595.91

19.83

1.26

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
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___

Monday, April 27, 2009

DG - The World's Biggest Exercise in Democracy



New York Times reader comment on India going to the polls, "The

world's biggest exercise in democracy"

April 15, 2009 It is truly the greatest show on Earth, an ode to a

diverse and democratic ethos, where 700 million + of humanity vote,

providing their small part in directing their ancient civilization

into the future. It is no less impressive when done in a neighborhood

which includes de-stabilizing and violent Pakistan, China, and Burma.

 

Its challenges are immense, more so probably than anywhere else,

particularly in development and fending off terrorism -- but

considering these challenges and its neighbors, it is even more

astounding that the most diverse nation on Earth, with hundreds of

languages, all religions and cultures, is not only surviving, but

thriving.

 

The nation where Hinduism, Buddhism, Jainism, and Sikhism were born,

which is the second largest Muslim nation on Earth; where Christianity

has existed for 2000 years; where the oldest Jewish synagogues and

Jewish communities have resided since the Romans burnt their 2nd

temple; where the Dalai Lama and the Tibetan government in exile

reside; where the Zorostrians from Persia have thrived since being

thrown out of their ancient homeland; where Armenians and Syrians and

many others have to come live; where the Paris-based OECD said was the

largest economy on Earth 1500 of the last 2000 years, including the

2nd largest only 200 years ago; where 3 Muslim Presidents have been

elected, where a Sikh is Prime Minister and the head of the ruling

party a Catholic Italian woman, where the President is also a women,

succeeding a Muslim President who as a rocket scientist was a hero in

the nation; where a booming economy is lifting 40 million out of

poverty each year and is expected to have the majority of its

population in the middle class, already equal to the entire US

population, by 2025; where its optimism and vibrancy is manifested in

its movies, arts, economic growth, and voting, despite all the

incredible challenges and hardships; where all the great powers are

vying for influence, as it itself finds its place in the world.

 

Where all of this is happening, is India, and as greater than 1/10 of

humanity gets ready to vote, it is an inspiration to all the World.

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Ads on Yahoo!

Learn more now.

Reach customers

searching for you.

Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Check out the

Y! Groups blog

Stay up to speed

on all things Groups!

.

__,_._,___

DG - FW: Sharekhan Post-Market Report dated April 27, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 April 2009 16:11
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 27, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

April 27, 2009

 

Index Performance

Index

Sensex

Nifty

Open

11,237.42

3,481.30

High

11,492.10

3,517.25

Low

11,176.55

3,435.30

Today's Cls

11,371.85

3,470.00

Prev Cls

11,329.05

3,480.75

Change

42.80

-10.75

% Change

0.38

-0.31

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

ICICI Bank

467.95

8.20

IVRCL Infra

182.05

8.04

BEML

525.00

6.91

Federal Bank

187.80

5.54

Axis Bank

557.55

5.45

Losers

Indiabulls Real Estate

131.20

-11.08

Essar Oil

150.30

-10.56

Aban Offshore

441.90

-9.17

Praj Industries

66.90

-7.79

Videocon Industries

113.25

-7.32

Market Statistics

-

BSE

NSE

Advances

1,158

489

Declines

1,341

704

Unchanged

83

39

Volume(Nos)

42.03cr

91.02cr

 Market Commentary 

Market subdued on week global cues

After witnessing considerable volatility, the Sensex posts marginal gains of 43 points for the day.

It was a tough start for the Indian stock market with majority of Asian markets down. Opening at European markets were not encouraging either. Against

 

this backdrop the Sensex opened lower. It did gain some momentum in mid-morning trades but after exhibiting some volatile moves it slipped into the red on heavy selling in consumer durable (CD) and realty stocks. The low for the day was 11177, down 152 points from the previous close. Though buying resumed in afternoon, which pushed the Sensex in the green, it was subdued and the index closed the session on a flat note, up 43 points at 11372. Nifty closed 11 points down at 3470. 

The market breadth was negative. Of the 2,582 stocks that traded on the BSE, 1,341 stocks declined, 1,158 stocks advanced and 83 stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE CD index dropped 2.77% followed by the BSE Realty index (down 2.42%) and the BSE Power index (down 1%). 

Among the Sensex stocks, banking major ICICI Bank was the leading gainer and soared 8.20% at Rs467.95. Among the other stocks Sterlite Industries advanced 4.39% at Rs415.30, Wipro jumped 4.12% at Rs324.75, Tata Consultancy Services shot up by 3.58% at Rs603.45, while Jaiprakash Associates, Larsen & Toubro, Sun Pharmaceutical Industries, Bharat Heavy Electricals Ltd, ITC and DLF closed with marginal gains. Among the laggards, Ranbaxy tumbled 4.61% at Rs167.65, Reliance Infrastructure shed 3.90% at Rs710.65, Reliance Communications declined by 3.75% at Rs223.55 and Hindustan Unilever Ltd lost 3% at Rs231. 

Over 4.39 crore shares of Cals Refineries changed hands on the BSE followed by Unitech (2.19 crore shares), Reliance Natural Resources (1.63 crore shares), JP Associates (1.55 crore shares) and Indiabulls Real Estate (1.31 crore shares).

ICICI Bank registered a turnover of Rs366 crore on the BSE followed by Reliance Industrial Infrastructure (Rs273 crore), Reliance Capital (Rs208 crore), JP Associates (Rs198 crore) and Reliance Industries (Rs195 crore). 

European Indices at 16:00 IST on 27-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4113.00

-42.99

-1.03

CAC 40 Index

3060.21

-42.64

-1.37

DAX INDEX

4601.15

-73.17

-1.57

Asian Indices at close on 27-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8726.34

18.35

0.21

Hang Seng Index

14840.42

-418.43

-2.74

Kospi Index

1339.83

-14.27

-1.05

Straits Times Index

1818.61

-34.24

-1.85

Jakarta Composite Index

1576.08

-15.26

-0.96

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
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Need traffic?

Drive customers

With search ads

on Yahoo!

Group Charity

Give a laptop

Get a laptop: One

laptop per child

.

__,_._,___