Sensex

Monday, January 12, 2009

DG - FW: Sharekhan Post-Market Report dated January 12, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 12 January 2009 16:07
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 12, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

January 12, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,316.33

2,868.85

High

9,331.13

2,869.20

Low

9,024.45

2,748.55

Today's Cls

9,110.05

2,773.10

Prev Cls

9,406.47

2,873.00

Change

-296.42

-99.90

% Change

-3.15

-3.48

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GMR Infra

73.45

10.45

Mundra Port

370.20

9.64

Jubilant ORG

134.80

7.03

Bajaj Finserv

188.40

4.99

Godrej Consumer

133.00

3.74

Losers

Sintex Industries

160.25

-17.33

Jindal Steel

822.90

-10.46

Wipro

227.35

-9.30

Indiabulls Real Estate

104.55

9.05

Bharat Forge

81.45

8.84

Market Statistics

-

BSE

NSE

Advances

824

341

Declines

1,613

828

Unchanged

85

48

Volume(Nos)

28.45cr

67.28cr

 Market Commentary 

Free fall continues

Selling pressure in frontline counters saw indices dip for the third straight session.

Nervousness gripped the market for the third consecutive day, as selling pressure since early trades saw the index remain weak all through the trading 

 

session. Though the Sensex resumed at 9,316, around 90 points below its previous close and moved up to touch an early high of 9,331 on selective buying, the market soon snapped gains due to selling pressure. As correction continued unabated, the index tumbled below the 9,100 mark to touch an intra-day low of 9,024 by the end of day. While the market languished in the negative territory all through the noon trades, Sensex signed off the session 296 points lower at 9,110. Nifty also ended 2,773, about 100 points lower.

Market breadth was weak. Of the 2,522 stocks traded on BSE, 1,613 stocks declined, whereas 824 stocks advanced. Eighty-five stocks ended unchanged. All sectoral indices ended lower. BSE Metal fell 5.62%, BSE Realty dipped 4.87%, BSE IT shed 3.80% and BSE Power was down 3.67%.

Among draggers, Wipro dropped 10.63% at Rs224, Reliance Infrastructure shed 6.94% at Rs480.45, Tata Steel tumbled 6.62% at Rs200.30, Ranbaxy Laboratories declined 5.46% at Rs206.95 and DLF was down 5.45% at Rs205.75. Bharat Heavy Electricals Ltd at Rs1,344.15, State Bank of India at Rs1156.85, Sterlite Industries at Rs260, Hindalco Industries at Rs50.15 were down around 4-5% each. However only Sun Pharmaceutical Industries and JP Associates managed to close with a gain of 1-2% each.

Metal stocks came under sharp hammering. Jindal Steel slumped 10.46% at Rs822.90, SAIL lost 8.08% at Rs72.80, Tata Steel declined 6.62% at Rs200.30 and Gujarat NRE was down 6.36% at Rs28.70. Sesa Goa, Hindustan Zinc, Sterlite Industries, Hindalco Industries, Jai Corp and JSW Steel dipped 3-5% each.

Over 5.31 crore shares Satyam Computer Services changed hands on the BSE followed by Reliance Natural Resources (1.83 crore shares), Unitech (1.73 crore shares), Suzlon Energy (1.40 crore shares) and DLF (0.78 crore shares).

European Indices at 16:00 IST on 12-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4448.29

-0.25

-0.01

CAC 40 Index

3286.83

-12.67

-0.38

DAX INDEX

4765.05

-19.09

-0.40

Asian Indices at close on 12-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8836.80

-

-

Hang Seng Index

13971.00

-406.44

-2.83

Kospi Index

1156.75

-24.21

-2.05

Straits Times Index

1776.25

-29.77

-1.65

Jakarta Composite Index

2768.27

10.86

0.39

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.

New web site?

Drive traffic now.

Get your business

on Yahoo! search.

Yahoo! Groups

Everyday Wellness Zone

Check out featured

healthy living groups.

.

__,_._,___