Sensex

Monday, April 27, 2009

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

 

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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

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