Sensex

Tuesday, March 17, 2009

DG - FW: Sharekhan Post-Market Report dated March 17, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 17 March 2009 16:30
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 17, 2009

 

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March 17, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,942.01

2,776.35

High

9,024.12

2,805.60

Low

8,801.79

2,738.70

Today's Cls

8,863.82

2,757.45

Prev Cls

8,943.54

2,777.25

Change

-79.72

-19.80

% Change

-0.89

-0.71

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Rolta India

53.50

17.97

Akruti City

1,577.80

12.33

Madras Cements

65.35

7.66

Nagarjuna Construction

43.80

7.48

Thermax

167.00

6.78

Losers

TTML

22.10

-9.61

IVRCL Infra

111.25

-6.20

Rei Agro

45.00

-6.15

India Cements

97.85

-5.50

United Phosphorus

88.00

-5.48

Market Statistics

-

BSE

NSE

Advances

1,330

601

Declines

1,137

563

Unchanged

107

55

Volume(Nos)

33.98cr

72.28cr

 Market Commentary 

Pull-back rally snaps

Heavy selling in oil & gas, consumer durables and auto stocks triggered a major sell-off and Sensex snap the three-day-long pull-back rally.

The market cooled off after having gains for three consecutive sessions that had lifted Sensex above 9000. Selling commenced after Sensex touched a new  

 

intra-day high of 9024 in early trades. Losing over 50 points by mid-morning, the market remained negative, but came close to erasing its losses in afternoon. However, the mood turned more bearish towards the close as selling in information technology, banking, oil & gas and teck stocks dragged the index around 8800 mark to an intra-day low of 8802. Sensex finally ended the session 0.89% or 80 points down at 8864, while Nifty lost 20 points to close at 2757.

Market breadth was positive. Of the 2,574 scrips traded on the BSE, 1,330 stocks advanced, whereas 1,137 stocks declined. One hundred and seven stocks ended unchanged. Of the 13 sectoral indices on BSE nine ended negative. BSE Bankex led the slump shedding 2% for the day. BSE IT, BSE Oil & Gas, BSE Teck and BSE CD lost over 1% each. 

Index heavyweight Tata Consultancy Services triggered a major sell-off in the market and the stock tumbled 4.31% to Rs497.40. Among other major losers State Bank of India dropped 3.87% at Rs949.60, JP Associates declined by 3.75% at Rs74.35, HDFC Bank lost 2.27% at Rs825.40, Ranbaxy Laboratories shed 2.03% at Rs144.95, Reliance Industries slumped by 1.98% at Rs1300.35, HDFC slipped by 1.77% at Rs1364.05 and DLF dipped by 1.76% at Rs159.10. Infosys, Larsen & Toubro, ACC, Grasim Industries, Sun Pharmaceutical Industries and Hindustan Unilever lost over 1% each. However, Tata Motors managed to report gains and moved up by 3.40% at Rs172.05 while Hindalco Industries added 2.34% at Rs43.70. 

Over 1.92 crore shares of Rolta India changed hands on BSE followed by Unitech (1.81 crore shares), Reliance Natural Resources (1.65 crore shares), Cals Refineries (1.40 crore shares) and Suzlon Energy (1.31 crore shares).

European Indices at 16:00 IST on 17-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3845.75

-18.24

-0.47

CAC 40 Index

2772.40

-19.26

-0.69

DAX INDEX

4026.75

-17.79

-0.44

Asian Indices at close on 17-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7949.13

244.98

-3.18

Hang Seng Index

127878.09

-98.62

-0.76

Kospi Index

1163.88

38.42

3.41

Straits Times Index

1559.03

-27.29

-1.72

Jakarta Composite Index

1312.09

-12.75

-0.96

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