Sensex

Thursday, February 12, 2009

DG - Budget Update

Government may give major booster shot for infrastructure in the interim budget. The annual plan outlay for the power sector may go up by 29% at Rs.52100 cr, roads can expect a 14% increase and the aviation sector is likely to get Rs.12160 cr, up 22% over previous year’s allocation.

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 12 February 2009 16:23
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 12, 2009

 

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February 12, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,559.03

2,927.40

High

9,580.13

2,939.00

Low

9,445.54

2,886.55

Today's Cls

9,465.83

2,893.05

Prev Cls

9,618.54

2,925.70

Change

-152.71

-32.65

% Change

-1.59

-1.12

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Spice Tele

78.85

50.05

RCF

42.35

14.77

Piramal Healthcare

200.95

9.75

Pantaloon

176.30

7.47

M&M

299.85

6.86

Losers

United Spirits

665.25

-9.39

GE Shipping

200.60

-5.69

IVRCL Infra

120.20

-5.32

Phoenix Mills

54.95

-5.26

Opto Circuits

89.00

-4.91

Market Statistics

-

BSE

NSE

Advances

1,309

662

Declines

1,090

506

Unchanged

113

55

Volume(Nos)

34.79cr

67.99cr

 Market Commentary 

Market weak on overseas cues

Weakness in overseas markets and heavy selling in IT, Teck, and oil stocks saw Sensex shed over 173 points.

Market continued to trade weak on the back of slump in the US markets. Asian markets too lost ground with Hang Seng, Kospi and Nikkie slipping into the red by over 

 

1-3% each. Sensex continued the weak trend as the market witnessed another round of selling with index heavyweights, metal, banking, and public sector unit stocks shaving off over 150 points during intra-day trades. As selling gained momentum the index shed over 173 points and slipped below 9500-mark to touch the day's low of 9446. Sensex managed to trim losses towards the close, however the index finally ended the session by slipping over 153 points at 9466. The Nifty shed 33 points to close at 2893.

However the market breadth was Positive. Of the 2,512 stocks traded on BSE, 1,309 stocks advanced, 1,090 stocks declines and 113 stocks ended unchanged. Except few, all the sectoral indices had a weak outing. BSE IT slipped sharply and dropped 2.46% followed by BSE Teck (down 2.27%), BSE Oil (down 1.85%), BSE CG (down 1.30%), BSE Bankex (down 1.15%) and BSE Metal (down 0.97%). While BSE Realty advanced 1.30%, BSE Auto managed closed in positive with a marginal gain.

Out of 30 Sensex stocks, 22 stocks closed negative. Among the major losers JP Associates slumped by 4.76% at Rs73.05, Ranbaxy Laboratories plummeted by 3.82% at Rs212.75, Bharti Airtel tumbled by 3.52% at Rs650.45, Infosys shed 3.39% at Rs1258.35, ICICI Bank crashed by 3.24% at Rs421.30, Maruti Suzuki India dropped 2.99% at Rs613.65 and Tata Steel declined by around 2.55% at Rs185.45. However, Mahindra & Mahindra jumped 6.86% at Rs299.85, DLF gained 3.58% at Rs156.25, Reliance Infrastructure added 1.57% at Rs550, Sun Pharmaceutical Industries moved up 0.85% at Rs1105.55 while, Hindalco Industries, Wipro, Tata Motors and State Bank of India ended marginally higher. 

Over 1.79 crore shares of Unitech changed hands on BSE followed by Spice Telecom (1.68 crore shares), Cals Refineries (1.63 crore shares), Satyam Computer Services (1.52 crore shares) and Hexaware Technologies (1.31 crore shares).

European Indices at 16:00 IST on 12-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4187.92

-46.34

-1.09

CAC 40 Index

2979.75

-47.97

-1.58

DAX INDEX

4447.23

-82.91

-1.82

Asian Indices at close on 12-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7705.36

-240.58

-3.03

Hang Seng Index

13228.30

-310.91

-2.30

Kospi Index

1179.84

-10.34

-0.87

Straits Times Index

1684.96

-37.01

-2.15

Jakarta Composite Index

1325.42

0.60

0.05

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