Sensex

Thursday, February 05, 2009

DG - FW: Sharekhan Post-Market Report dated February 05, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 05 February 2009 16:18
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 05, 2009

 

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February 05, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,241.56

2,802.75

High

9,247.09

2,816.80

Low

9,017.08

2,754.85

Today's Cls

9,090.88

2,780.05

Prev Cls

9,201.85

2,803.05

Change

-110.97

-23.00

% Change

-1.21

-0.82

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Essar Shipping

31.50

7.69

Akruti City

887.50

7.32

GE Shipping

189.10

6.57

Sesa Goa

91.20

5.80

United Spirits

566.95

5.61

Losers

Sintex Industries

115.45

-8.15

Spice Tele

76.40

-7.45

Sterlite Industries

263.40

-5.71

M&M

266.75

-5.69

ABB

437.40

-5.59

Market Statistics

-

BSE

NSE

Advances

1,001

409

Declines

1,459

744

Unchanged

108

60

Volume(Nos)

33.88cr

69.35cr

 Market Commentary 

Down 111 points

Market slips on the back of weakness in international markets and shed over 1% amid heavy selling in heavyweight, auto, consumer durables and information technology stocks.

After yesterday's upsurge of 53 points, the market failed to rally further as weak Asian indices and overnight fall on US bourses weighed on investor sentiment. Barring 

 

metal and health care stocks, all other sectors witnessed selling. Sensex opened with a positive gap of 40 points at 9242 but heavy selling turned the markets negative, which did not recover all through the day from early slump. While the market moved in a range for a better part of the trading session, the index witnessed a steep fall towards the close and nearly breached the 9000 mark to touch the day's low of 9017. Sensex pared some losses on selective buying and ended the session with losses of 111 points at 9091, while Nifty declined by 23 points to close at 2780. 

The market breadth was weak. Of the 2,568 stocks traded on BSE, 1,459 stocks declined, 1001 stocks advanced and 108 stocks ended unchanged. Among sectoral indices, BSE Auto dropped sharply losing 1.98% while BSE CD, BSE IT, BSE CG and BSE Teck were down over 1% each. BSE Metal and BSE HC were the only gainers. 

Heavyweights led the fall in Sensex. Sterlite Industries slipped by 6.21% at Rs262, Mahindra & Mahindra slumped by 5.96% at Rs266, Maruti Suzuki India shed 4.07% at Rs577.50, HDFC lost 3.66% at Rs1,389.65 and Tata Consultancy Services was down 3.27% at Rs482.75. Tata Motors, Larsen & Toubro, Reliance Communications and Hindalco Industries declined by around 1-2% each. Among gainers, Grasim Industries rose by 3.13% at Rs1,326.20 while Tata Steel, Ranbaxy Laboratories and ACC ended with modest gains.

Over 5.78 crore shares of Wire & Wireless India changed hands on BSE followed by Mercator Lines (2.20 crore shares), Firstsource Solutions (1.93 crore shares), Satyam Computer Services (1.88 crore shares) and Ispat Industries (1.47 crore shares).

European Indices at 16:00 IST on 05-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4205.97

-22.63

-0.54

CAC 40 Index

3031.64

-37.35

-1.22

DAX INDEX

4454.09

-38.72

-0.89

Asian Indices at close on 05-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7949.65

-89.29

-0.29

Hang Seng Index

13178.90

115.01

0.88

Kospi Index

1177.88

-17.49

-1.46

Straits Times Index

1704.60

-2.79

-0.16

Jakarta Composite Index

1328.07

7.71

0.58

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