Sensex

Friday, March 13, 2009

DG - FW: Sharekhan Post-Market Report dated March 13, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 March 2009 16:13
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 13, 2009

 

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March 13, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,480.74

2,616.60

High

8,793.21

2,726.15

Low

8,480.74

2,616.60

Today's Cls

8,756.61

2,719.25

Prev Cls

8,343.75

2,617.45

Change

412.86

101.80

% Change

4.95

3.89

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Sintex

86.80

21.06

Educomp Solutions

1,762.90

12.96

DLF

152.55

11.47

Aban Offshore

254.55

10.79

Tata Motors

161.60

10.72

Losers

HPCL

245.00

-3.75

Godrej Consumer

120.00

-3.34

BPCL

344.55

-2.92

Tech Mahindra

255.60

-2.83

ABB

355.55

-2.21

Market Statistics

-

BSE

NSE

Advances

1,583

866

Declines

854

301

Unchanged

114

59

Volume(Nos)

26.65cr

59.63cr

 Market Commentary 

Sensex scales new peak

Sensex closes above 8700 mark on strong gains in realty, metal and banking stocks.

Sensex closed in the positive territory for the second consecutive sessions, led by gains in realty major DLF and metal and banking stocks.  

 

The market resumed on a strong note backed by positive global cues and strong investor appetite for heavyweights. Sensex quickly breached the 8700 level in early trades and held on its gains. Relentless buying in front-line stocks towards the close helped the index to touch to an a intra-day high of 8793, up 5.34 % or 449 points. Sensex finally wrapped up the session with the gains of 413 points at 8757. Nifty closed the session at 2719 by adding 102 points.

The breadth of the market was positive. Of the 2,551 stocks traded on the BSE 1,583 stocks advanced, whereas 854 stocks declined. 114 stocks ended unchanged. All the sectoral indices ended positive. BSE Realty ended firm with the gains of 7.57% while BSE Metal rose 6.26% and BSE Bankex added 5.85%. All other indices gained 1-4% each.

Action in several index heavyweights lifted the market. DLF led the pack and shot up by 11.57% at Rs152.55. Tata Motors soared by 10.72% at Rs161.60, Tata Power surged 9.18% at Rs662.85, ICICI Bank flared up by 8.60% at Rs308.70, Hindalco Industries jumped by 7.99% at Rs42.55, Sterlite Industries added 7.93% at Rs283, HDFC advanced by 7.53% at Rs1380.05 and Tata Steel moved up by 6.89% at Rs166.70. However, NTPC was the only stock to be in the red for the day with 2.0% down at Rs170.20.

Realty stocks rallied sharply. DLF shot up by 11.47% at Rs152.55, Akruti City soared 9.27% at Rs1175.40, Mahindra Life flared up by 8.16% at Rs80.80, HDIL added 6.48% at Rs68.15 and Indiabulls Real Estate was up 5.67% at Rs90.45.

Over 2.37 crore share of Satyam Computer Services changed hands on BSE followed by Cals Refineries (0.87 crore shares), ICICI Bank (0.82 crore shares), Unitech (73.70 lakh shares) and Suzlon Energy (67 lakh shares).

European Indices at 16:00 IST on 13-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3771.57

59.51

1.60

CAC 40 Index

2738.24

43.99

1.63

DAX INDEX

4002.59

46.37

1.17

Asian Indices at close on 13-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7569.28

371.03

5.15

Hang Seng Index

12525.80

524.27

4.37

Kospi Index

1126.03

-2.36

-0.21

Straits Times Index

1577.52

83.99

5.62

Jakarta Composite Index

1327.43

17.02

1.30

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