Sensex

Friday, February 27, 2009

DG - FW: Sharekhan Post-Market Report dated February 27, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 February 2009 16:23
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated February 27, 2009

 

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February 27, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,944.11

2,785.70

High

8,944.11

2,787.20

Low

8,728.66

2,708.45

Today's Cls

8,891.61

2,763.65

Prev Cls

8,954.86

2,785.65

Change

-63.25

-22.00

% Change

-0.71

-0.79

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Godrej Consumer

127.90

7.16

PTC India

60.20

6.64

Bharat Forge

94.50

6.54

M&M Financial

196.95

6.43

IVRCL Infra

108.70

6.36

Losers

Aban Offshore

315.75

-9.42

Pantaloon

126.10

-6.35

Grasim Industries

1,371.50

-5.99

Sintex

88.60

-5.74

Zee Enter

107.00

-5.27

Market Statistics

-

BSE

NSE

Advances

1,043

495

Declines

1,320

643

Unchanged

103

73

Volume(Nos)

22.68cr

51.94cr

 Market Commentary 

GDP numbers jerk market

Sensex loses 63 points on lower than expected Q3FY2009 GDP figures on the back of selling in select heavyweight and realty stocks.

The market went into correction mode right from the opening bell and remained in negative territory all through the session. After resuming

 

11 points lower at 8944, Sensex slipped below 8800 mark by mid-morning trades.  The jolt came with Q3FY2009 gross domestic product (GDP) figures that came lower than street expectation and led the index slide to touch the day's low of 8729. However, a bout of buying saw it nearly rebound and cross 8900 levels in late trades. Anyway, Sensex pared some losses towards the close and ended the session at 8892, down 63 points. Nifty declined 22 points to 2764. 

Of the 13 sectoral indices at BSE, 10 posted losses for the day. The remaining three (BSE Bankex, BSE FMCG and BSE Metal) were up only marginally. BSE Realty shed 2.29% and BSE Oil & Gas lost 1.64% while BSE Teck and BSE CD were down around 1% each. 

Select heavyweights dragged the markets down. Satyam Computer Services dropped 7.78% at Rs41.50, Grasim Industries tumbled 5.99% at Rs1,371.50, Ranbaxy Laboratories slumped 4.80% at Rs161.80, Wipro shed 3.98% at Rs207.35, Reliance Infrastructure declined 3.71% at Rs490.60, ACC fell 3.55% at Rs539.80, Mahindra & Mahindra lost 3.38% at Rs309.90, ONGC lost 3.37% at Rs691.15 and Sterlite Industries slipped by 3.16% at Rs245. However, select frontline counters attracted buying support. Tisco rose 5.61% at Rs172.35, HDFC added 4.75% at Rs1269.20, HDFC Bank moved up by 1.35% at Rs884.85, ICICI Bank advanced 1.03% at Rs328.10, Hindustan Unilever, State Bank of India and Larsen & Toubro closed in positive territory.

Over 1.32 lakh shares of Satyam Computer Services changed hands on the BSE followed by GVK Power & Infrastructure (1.14 crore shares), United Breweries (1.07 crore shares), Cals Refineries (85 lakh shares) and Tata Steel (73 lakh shares).

European Indices at 16:00 IST on 27-02-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3867.20

-48.44

-1.24

CAC 40 Index

2705.69

-38.82

-1.41

DAX INDEX

3875.51

-67.40

-1.70

Asian Indices at close on 27-02-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7568.42

110.49

1.48

Hang Seng Index

12811.57

-83.37

-0.65

Kospi Index

1063.06

8.24

0.78

Straits Times Index

1594.87

-22.57

-1.40

Jakarta Composite Index

1285.48

-4.85

-0.38

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