Sensex

Thursday, March 12, 2009

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

 

 

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

 

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March 12, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,274.78

2,574.50

High

8,439.71

2,646.10

Low

8,274.78

2,574.50

Today's Cls

8,343.75

2,617.45

Prev Cls

8,160.40

2,573.15

Change

183.35

44.30

% Change

2.25

1.72

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Axis Bank

304.35

8.35

Akruti City

1,075.65

8.14

ICICI Bank

284.25

8.10

Pantaloon

115.65

8.08

Sterlite Industries

262.20

7.26

Losers

Sun TV

137.00

-6.96

Bharti Airtel

550.30

-6.37

Piramal Healthcare

180.05

-6.35

IRB Infra

81.45

-5.57

IDFC

44.70

-5.30

Market Statistics

-

BSE

NSE

Advances

1,162

643

Declines

1,262

531

Unchanged

99

56

Volume(Nos)

23.71cr

50.78cr

 Market Commentary 

Market ends upbeat

Market comes off its high, but still ends firm above the 8300 mark.

The market displayed a positive trend almost for the entire session. Taking cue from firm US indices, Sensex opened 115 points higher at 8275 and continued to rally to

 

touch the day's high of 8440 on buying in auto and banking stocks. Thereafter, the market remained range-bound with a positive bias. However the announcement of index of industrial production (IIP) numbers for January 2009 did little for the market despite IIP reporting a -0.5% growth. However, profit booking in some of the frontline stocks dragged the market to its intra-day low of 8275. Sensex bounced back towards the close, as short covering in heavyweights helped the index to recover and end the session at 8344, up 183 points. Nifty finally settled at 2617, up 44 points. 

The market breadth was negative. Of the 2,523 stocks traded on BSE, 1,262 stocks declined, whereas 1,162 stocks advanced. Ninety nine stocks ended unchanged. Among sectoral indices, BSE Auto notched up by 3.70% followed by BSE Bankex (up 3.33%) and BSE Oil & Gas (up 3.21%). The remaining indices gained 1-2% each except BSE CD and BSE Teck, which had a negative run today.

The heavyweights witnessed strong buying interest. ICICI Bank soared 8.10% at Rs284.25, Sterlite Industries rose 7.26% at Rs262.20, Tata Motors was up 6.77% at Rs145.95, Maruti Suzuki India shot up by 5.83% at Rs688.65, Sun Pharmaceutical Industries jumped 4.78% at Rs1,025.45, Reliance Communications added 4.57% at Rs138.30, Reliance Industries gained 4.17% at Rs1201.95, ACC moved up by 4.15% at Rs541 and Hindustan Unilever was up 4.09% at Rs225.35. However, Bharti Airtel slipped 6.37% at Rs550.30 and Tata Power lost 2.52% at Rs607.10.

Over 3.75 crore shares of Satyam Computer Services changed hands on BSE followed by Infrastructure Development Finance Company (1.61 crore shares), Rolta India (98 lakh shares), ICICI Bank (79 lakh shares) and Cal Refineries (75 lakh shares).

European Indices at 16:00 IST on 12-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3655.57

-38.24

-1.04

CAC 40 Index

2624.28

-49.92

-1.87

DAX INDEX

3841.61

-72.49

-1.85

Asian Indices at close on 12-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7198.25

-177.87

-2.41

Hang Seng Index

12001.53

70.87

0.59

Kospi Index

1128.39

0.88

0.08

Straits Times Index

1493.53

-11.98

-0.80

Jakarta Composite Index

1310.41

-4.10

-0.31

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