Sensex

Wednesday, February 11, 2009

DG - FW: Sharekhan Post-Market Report dated February 11, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 11 February 2009 16:58
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 11, 2009

 

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February 11, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,462.14

2,933.00

High

9,648.39

2,937.50

Low

9,459.59

2,877.60

Today's Cls

9,618.54

2,925.70

Prev Cls

9,647.47

2,934.50

Change

-28.93

-8.80

% Change

-0.30

-0.30

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IFCI

21.70

9.05

Renuka Sugar

85.10

9.03

RCF

36.90

8.53

Rolta India

95.80

7.64

Siemens

221.35

7.17

Losers

Zee Entertainment

114.05

-12.0

Spice Comm

52.55

-6.49

Ranbaxy Laboratories

221.20

-5.00

Indiabulls

113.90

-4.96

Bharat Forge

81.50

-4.12

Market Statistics

-

BSE

NSE

Advances

1,263

640

Declines

1,138

529

Unchanged

106

63

Volume(Nos)

33.21cr

70.30cr

 Market Commentary 

Market ends flat

Market erases its early losses and ends flat on selective buying in heavyweight and auto stocks.

The market staged a smart recovery towards the close and ended flat after a sharp slump during intra-day trades saw the index drop nearly 187 points.  

 

The market was extremely choppy in early trades. After shedding nearly 150 points initially, Sensex continued to be in the red and touched an intra-day low of 9460. However it erased its losses amid selective buying in heavyweight, auto and consumer durable stocks towards the close and lifted the index to an intra-day high of 9648. Sensex finally closed the session at 9619, down 29 point, while Nifty lost only 9 points to close at 2926.

The breadth of the market, however, was slightly firm. Of the 2,504 stocks traded on the BSE, 1,287 stocks advanced, 1,117 stocks advanced and 100 stocks ended unchanged. Among the sectoral indices BSE HC shed 1.20% while BSE Metal, BSE Oil and BSE IT were down around 1% each. However, BSE Auto and BSE CD gained steady.

Ranbaxy Laboratories dropped 5% at Rs221.20, Grasim Industries declined 3.52% at Rs1,417.45, Reliance Infrastructure lost 3.73% at Rs541.50, Tata Steel shed 3.38% at Rs190.30, Tata Motors moved down by 2.09% at Rs135.95 and Sun Pharmaceutical Industries was down 2.04% at Rs1,095.15. Tata Consultancy Services, Wipro, Sterlite Industries, HDFC Bank, ONGC, Reliance Industries, Larsen & Toubro, DLF, Mahindra & Mahindra and State Bank of India were down 1-2% each. State Bank of India, Infosys, Bharat Heavy Electricals, National Thermal Power Corporation and ITC ended the day in the red. However, Maruti Suzuki India advanced by 4% at Rs632.55, ACC jumped 2.64% at Rs558.15, JP Associates rose 2.47% at Rs76.70, Tata Power added 1.81% at Rs807.95, Bharti Airtel gained 1.72% at Rs674.20 and ICICI Bank was up 1.63% at Rs435.40. 

Over 2.98 crore share of Satyam Computer Services changed hands on the BSE followed by Unitech (2.15 crore shares), IFCI (2.10 crore shares), GVK Power & Infrastructure (1.37 crore shares) and Cals Refineries (87.49 lakh shares).

European Indices at 16:15 IST on 11-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4203.26

-9.82

-0.23

CAC 40 Index

3006.98

-13.77

-0.46

DAX INDEX

4504.07

-1.9

-0.04

Asian Indices at close on 11-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7945.94

-

-

Hang Seng Index

13539.21

-341.43

-2.46

Kospi Index

1190.18

-8.69

-0.72

Straits Times Index

1721.97

18.68

1.1

Jakarta Composite Index

1324.82

-7.31

-0.55

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