Sensex

Wednesday, April 22, 2009

DG - FW: Sharekhan Post-Market Report dated April 22, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 22 April 2009 16:02
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 22, 2009

 

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April 22, 2009

 

Index Performance

Index

Sensex

Nifty

Open

10,968.60

3,364.60

High

11,036.24

3,401.10

Low

10,715.66

3,296.90

Today's Cls

10,817.54

3,330.30

Prev Cls

10,898.11

3,365.30

Change

-80.57

-35.00

% Change

-0.74

-1.04

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bajaj Holdings

416.65

19.86

LIC Housing Finance

300.05

8.32

Ispat Industries

14.28

7.29

Suzlon Energy

61.30

6.70

Punj Lloyd

109.10

6.08

Losers

Rolta India

87.75

-14.35

HCL Tech

125.05

-9.65

Unitech

47.30

-8.86

Praj Industries

68.50

-8.54

IRB Infra

96.70

-6.88

Market Statistics

-

BSE

NSE

Advances

1,064

434

Declines

1,443

758

Unchanged

92

35

Volume(Nos)

51.79cr

101.30cr

 Market Commentary 

Choppy, marginally down

Sensex gyrates 320 points in intra-day to drop 81 points at close. 

Despite US indices closing in the green, the market seemed to have lost its steam after opening strong in the morning. The Sensex opened with a positive gap

 

of 71 points at 10969 and touched the day's high of 11036 within a few minutes of trading on brisk buying in heavyweights. However, it shed its early gains on account of heavy selling in realty, consume durable (CD), capital goods (CG) and auto stocks and entered the negative territory by afternoon. The Sensex swung between negative and positive thereafter, as investors turned cautious due to lack of clarity. The Sensex tumbled below the 10800 mark towards afternoon session to touch the intra-day low of 10716 amid relentless selling pressure, but buying at lower levels helped Sensex pare some of the losses. The Sensex finally closed at 10898, down 81 points, while Nifty ended 35 points down at 3330.

The market breadth was weak, as losers outpaced gainers. Of the 2,599 stocks trading on the BSE, 1,443 stocks declined, whereas 1,064 stocks advanced. Ninety two stocks ended unchanged. Select sectoral indices slipped sharply. The BSE Realty index dropped 4.57% followed by the BSE CD index (down 4.05%), the BSE CG index (down 2.94%) and the BSE Auto index (down 1.91%).

Most of the index heavyweights witnessed correction. Among the Sensex majors, DLF tumbled by 4.19% at Rs227.40, Hero Honda dropped 3.72% at Rs760, Bharat Heavy Electricals Ltd lost 3.67% at Rs1581.10, Larsen & Toubro slumped by 3.61% at Rs823, Tata Power slipped by 3.41% at Rs850, Oil and Natural Gas Corporation shed 3.37% at Rs833.50, Sun Pharmaceutical Industries lost 3.37% at Rs1180, Sterlite Industries fell by 3.27% at Rs370, Mahindra & Mahindra crumbled by 2.37% at Rs427.55 and Ranbaxy Laboratories dipped 2.07% at Rs177.80. Other front-line stocks lost around 1% each. However, select counters saw some buying and ended with gains. ACC advanced by 5.26% at Rs645.75 while Wipro, Infosys Technologies, ITC, Reliance Industries, ICICI Bank and HDFC Bank ended with modest gains.

Over 2.98 crore shares of Unitech changed hands on the BSE followed by IFCI (2.57 crore shares), Cals Refineries (2.50 crore shares), Reliance Natural Resources (2.33 crore shares) and Suzlon Energy (2.33 crore shares).

Reliance Industries was the most actively traded counter on the BSE and registered a turnover of Rs254 crore followed by Reliance Capital (Rs215 crore), Reliance Infrastructure (Rs155 crore), Unitech (Rs148 crore) and Housing Development and Infrastructure Ltd (Rs144 crore).

European Indices at 16:00 IST on 22-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4016.22

28.76

0.76

CAC 40 Index

2982.42

8.48

0.29

DAX INDEX

4536.60

34.97

0.78

Asian Indices at close on 22-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8727.30

15.97

0.18

Hang Seng Index

14878.45

-407.44

-2.67

Kospi Index

1356.02

19.21

1.44

Straits Times Index

1843.41

-43.84

-2.32

Jakarta Composite Index

1615.23

-13.61

-0.84

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