| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,207.52 | 2,748.40 | | High | 9,412.97 | 2,853.25 | | Low | 9,202.57 | 2,748.40 | | Today's Cls | 9,370.49 | 2,835.30 | | Prev Cls | 9,071.36 | 2,744.95 | | Change | 299.13 | 90.35 | | % Change | 3.30 | 3.29 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Glenmark Pharma | 254.85 | 15.08 | | RNRL | 54.25 | 12.67 | | Indiabulls Real Estate | 122.30 | 11.64 | | Rei Agro | 623.45 | 11.44 | | Chambal Fertilisers | 38.00 | 11.11 | | Losers | | Pantaloon Retail | 189.70 | -5.10 | | Indiabulls Financial | 112.35 | -4.99 | | Grasim Industries | 1283.45 | -3.55 | | Jai Corp | 67.70 | -3.49 | | Federal Bank | 143.65 | -3.43 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,402 | 787 | | Declines | 982 | 376 | | Unchanged | 105 | 53 | | Volume(Nos) | 24.26cr | 57.33cr | | | | | | Market Commentary | | | Market rebounds | | Across-the-board rally sees market bounce back sharply from its four-session losing streak and gain above 3% for the day. | | After crashing over 1,200 points in the last four sessions, the market witnessed a strong relief rally on across-the-board buying throughout the day. | 
| | | Strong optimism in key indices triggered a steep rally and the oil index managed to register over 4% gains. Sensex opened on a strong note with a positive gap of 137 points at 9,208, but quickly tumbled. Anyway, it remained upbeat all through the session on sustained buying support. The rally gathered steam towards the close and Sensex touched an intra-day high of 9,413 before ending the session at 9,370, up 299 points. Nifty also bounced back sharply and advanced 90 points to close at 2,835.
Market breadth was absolutely positive. Of the 2,489 stocks traded on BSE, 1,402 stocks advanced whereas 982 stocks declined. Hundred and five stocks ended unchanged. All sectoral indices closed with significant gains. BSE Oil was the major gainer and soared 5.85% followed by BSE IT (up 5.02%), BSE Teck (up 4.57%), BSE Realty (up 4.38%) and BSE Metal (up 4.18%).
Among 30 Sensex stocks, 26 ended in the green. Attracting strong buying support Reliance Communications surged 10.36% at Rs185.40, Reliance Infrastructure soared 9.70% at Rs522.35, Reliance Industries jumped 9% at Rs1178.15, Mahindra & Mahindra advanced 6.07% at Rs319.95, Tata Steel added 5.23% at Rs213.45, JP Associates zoomed 5.08% at Rs70.35, Hindalco Industries gained 4.12% at Rs50.60, Sterlite Industries vaulted 3.84% at Rs273.10 and ICICI Bank was up 3.48% at Rs441.10. Other frontline stocks also moved up by 1-3% each.
Oil stocks witnessed sustained buying support. Reliance Natural Resources Ltd (RNRL) surged 12.67% at Rs54.25, Essar Oil jumped 9% at Rs79.15, Reliance Petroleum added 6.17% at Rs80.10, ONGC advanced 5.05% at Rs645 and Cairn India gained 1.90% at Rs155.85.
Over 2.66 crore shares of Satyam Computer Services changed hands on BSE followed by Reliance Natural Resources (2 crore shares), Rolta India (1.53 crore shares), Unitech (1.53 crore shares) and Suzlon Energy (1.36 crore shares). | | | | | | | | European Indices at 16:15 IST on 14-01-2009 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4348.18 | -50.97 | -1.14 | | CAC 40 Index | 3175.09 | -22.80 | -0.71 | | DAX INDEX | 4604.88 | -31.72 | -0.67 | | | | | | | | | | | Asian Indices at close on 14-01-2009 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8438.45 | 24.54 | 0.29 | | Hang Seng Index | 13704.61 | 36.56 | 0.27 | | Kospi Index | 1182.68 | 14.97 | 1.28 | | Straits Times Index | 1764.72 | 2.90 | 0.16 | | Jakarta Composite Index | 1386.91 | -12.83 | -0.92 | | | | | | | | 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 | |
