Sensex

Monday, February 09, 2009

DG - FW: Sharekhan Post-Market Report dated February 09, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 February 2009 16:37
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 09, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

February 09, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,359.00

2,843.05

High

9,601.56

2,926.75

Low

9,329.23

2,840.15

Today's Cls

9,583.89

2,919.90

Prev Cls

9,300.86

2,843.10

Change

283.03

76.80

% Change

3.04

2.70

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Bhushan Steel

332.80

16.98

Financial Technologies

508.30

15.30

Educomp Solutions

1,597.05

13.96

United Spirits

701.45

13.92

Alstom Projects

275.25

12.83

Losers

Spice Tele

61.80

-14.64

Bajaj Finserv

142.00

-4.79

HCL Tech

120.40

-4.33

Essar Shipping

31.55

-2.92

Indiabulls Financial

126.15

-2.77

Market Statistics

-

BSE

NSE

Advances

1,562

804

Declines

910

364

Unchanged

83

47

Volume(Nos)

28.91cr

59.76cr

 Market Commentary 

Upbeat for second day

The market remains up for the second day in the row, surging 283 points, on sustained buying in heavyweight, metal and consumer durable stocks.

The market saw substantial buying interest for the second straight session on firm global cues and gained nearly 100 points in early trades.  

 

Resuming with a positive gap of 58 points Sensex was at 9359 at the opening bell. The market was range-bound with a positive bias, but the index lost some ground in the late morning trades to touch the day's low of 9329, up 28 points from Friday's close. The market however regained its lost momentum towards the final hour on the back of hectic upsurge in metal, capital goods and consumer durable (CD) stocks and ended the session at 9584, up 283 points. Nifty gained 77 points to close at 2920.

Movers & Shakers

  • Parsvnath Developers slipped despite Parsvnath Hotel at Hyderabad getting 5 Star approval from the Ministry of Tourism.
  • BEML gained on receiving a contract of Bangaluru Metro worth Rs1,672.50 crore or Rs16.73 million.
  • Nagarjuna Construction Company surged on the report that the company has secured four new orders aggregating to Rs712 crore.
  • Ahluwalia Contracts India moved down despite a report that the company has won award of new projects worth Rs 32,013.81 lakh.


The market breadth was positive. Of the 2,555 stocks traded on BSE 1,562 stocks advanced, whereas 910 stocks declined. Eighty three stocks ended unchanged. Among sectoral indices, BSE Metal was 4.41% up followed by BSE CD (up 3.69%) while BSE CG, BSE OIL and BSE Bankex were up by 3% each respectively.

Most of index heavyweights received considerable buying interest. JP Associates soared 8.47% at Rs74.80, Tata Steel rose 7.44% at Rs200 and Reliance Infrastructure was up 7.03% at Rs578.65. Among other major gainers Sterlite Industries shot up by 6.23% at Rs281.25, ONGC jumped 5.98% at Rs721.75, ICICI Bank added 5.17% at Rs428, Hindalco Industries gained 3.97% at Rs45.85, Tata Power moved up by 3.43% at Rs7,778.75 and Reliance Industries was up 3.39% at Rs1,389.05. However Hindustan Unilever slipped 0.27% at Rs260.20.

Over 2.53 crore shares of Cals Refineries changed hands on BSE followed by Wire & Wireless India Ltd (WWIL; 1.44 crore shares), GVK Power & Infrastructure (1.27 crore shares), Satyam Computer Services (1.08 crore shares) and Unitech (0.86 crore shares).

European Indices at 16:00 IST on 09-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4266.84

-25.03

-0.58

CAC 40 Index

3105.90

-15.54

-0.50

DAX INDEX

4631.24

-12.55

-0.27

Asian Indices at close on 09-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7969.03

-107.59

-1.33

Hang Seng Index

13769.06

114.02

0.83

Kospi Index

1202.69

-7.57

-0.63

Straits Times Index

1682.34

-33.01

-1.92

Jakarta Composite Index

1342.23

-8.42

-0.62

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.

Group Charity

i-SAFE

Keep your kids

safer online

Yahoo! Groups

Dog Lovers Group

Connect and share with

dog owners like you

.

__,_._,___