Sensex

Saturday, March 21, 2009

DG - FW: Sharekhan Post-Market Report dated March 20, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 March 2009 16:27
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 20, 2009

 

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March 20, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,951.34

2,807.35

High

8,999.98

2,816.10

Low

8,867.13

2,773.65

Today's Cls

8,966.68

2,807.05

Prev Cls

9,001.75

2,807.15

Change

-35.07

-0.10

% Change

-0.39

0.00

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Gujarat NRE Coke

20.90

11.47

GVK Power

21.35

6.22

Everest Kanto

102.70

6.20

Hindalco

47.60

5.66

Financial Technologies

548.55

5.35

Losers

Akruti City

1,607.50

-27.83

Tulip Tele

370.90

-11.32

Jet Airways

160.60

-10.18

Ashok Leyland

16.55

-6.50

Tata Motors

160.90

-6.24

Market Statistics

-

BSE

NSE

Advances

1,245

584

Declines

1,219

582

Unchanged

105

59

Volume(Nos)

25.13cr

54.86cr

 Market Commentary 

Market flat

Sensex books modest losses after witnessing an intra-day swing of 133 points.

Market returned to stability in afternoon and gradually picked up momentum on healthy buying in metal stocks, but slipped into red on profit booking towards the close.  

 

Sensex started the day on a cautious note at 8951, down 51 points, tracing weak Asian markets. The market remained choppy thereafter but with a positive bias. It moved gradually up on sustained buying in front-line stocks to touch the day's high of 9000. However, a strong bout of selling thereafter saw the market dip into red towards the close but buying at lower levels helped Sensex to pare some of the losses. Sensex finally closed at 8967, down 35 points, while Nifty ended flat at 2807.

The market breadth was positive. Of the 2,569 stocks trading on BSE, 1,245 stocks advanced, 1,219 stocks declined and 105 stocks ended unchanged. Most of the sectoral indices ended in red. BSE Realty dropped 4.14% followed by BSE CG (down 2.54%), BSE Bankex (down 1.95%) and BSE Auto (down 1.32%). However, BSE Metal gained 1.61%, BSE FMCG rose 0.21% and BSE Oil & Gas gained 0.20%. 

Among Sensex stocks, Hindalco Industries was the lead gainer and its stock price soared 5.66% to Rs47.60. Among other stocks, ONGC advanced 3.41% to Rs755.05 and Tata Steel jumped 1.67% to Rs171 while Sun Pharmaceutical Industries, HDFC, Hindustan Unilever, Reliance Communications, HDFC Bank, Tata Power and Sterlite Industries closed with marginal gains. Among laggards, Tata Motors slipped 6.24% to Rs160.90, ICICI Bank lost 4.50%, Larsen & Toubro declined 4.01% and Maruti Suzuki India shed 2.59% to Rs711.30. Bharat Heavy Electricals declined by 2.32% at Rs1379.90, State Bank of India fell by 1.51% to Rs953.55 and DLF lost 1.30% to Rs171.10. 

Over 1.28 crore shares of Firstsource Solutions changed hands on BSE followed by Cals Refineries (1.05 crore shares), Satyam Computer Services (0.95 crore shares), Gujarat NRE Coke (89 lakh shares) and Reliance Natural Resources (88 lakh shares).

European Indices at 16:00 IST on 20-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3799.93

-17.00

-0.45

CAC 40 Index

2738.65

-38.34

-1.38

DAX INDEX

4014.52

-28.94

-0.72

Asian Indices at close on 20-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7945.96

-26.21

-0.33

Hang Seng Index

12833.51

-297.41

-2.26

Kospi Index

1170.94

9.13

0.79

Straits Times Index

1596.92

-12.06

-0.76

Jakarta Composite Index

1360.89

19.28

1.44

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“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

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DG - FW: Sharekhan Post-Market Report dated March 19, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 19 March 2009 16:13
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 19, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

March 19, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,023.04

2,797.05

High

9,086.77

2,822.25

Low

8,900.39

2,771.35

Today's Cls

9,001.75

2,807.15

Prev Cls

8,976.68

2,794.70

Change

25.07

12.45

% Change

0.28

0.45

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Akruti City

2,227.50

10.70

Godrej Consumer

121.00

7.80

Tulip Tele

418.25

7.31

GMR Infra

86.30

7.27

GMDC

38.80

7.18

Losers

Jai Corp

77.10

-5.69

L&T

609.55

-4.14

Power Finance

131.30

-4.13

Marico

59.15

-3.98

Sintex

90.30

-3.78

Market Statistics

-

BSE

NSE

Advances

1,354

704

Declines

1,105

466

Unchanged

102

55

Volume(Nos)

29.59cr

60.91cr

 Market Commentary 

Market measly up

After exhibiting firm trend for the better part, Sensex closes a marginal 25 points up.

The market appeared to be heading towards a negative close, as a strong bout of selling saw Sensex enter into the negative territory, though for a while.  

 

Sensex had a firm start and it continued to rally for the second consecutive session today. Taking cue from strong Asian markets, Sensex rallied sharply in morning trades, touching an intra-day high of 9087. Realty and information technology (IT) stocks rallied sharply but capital goods and auto stocks remained subdued as traders booked profits. However, Sensex saw profit booking towards the close and entered into the negative territory to touch the day's low of 8900. It however recovered on buying in few pivotal stocks and closed the session at 9002, up 25 points. Nifty ended the session at 2807, up 12 points.

The market breadth was positive. Of the 2,561 stocks that traded on the BSE, 1,354 stocks advanced, 1,105 stocks declined and 102 stocks ended unchanged. Most of the 13 sectoral indices ended in green. BSE Realty gained 2.19% followed by BSE IT (up 1.58%) and BSE Teck (down 0.83%). However, BSE CG index lost 2.62%, BSE Auto (down 0.72%) and BSE FMCG (down 0.28%). 

Among Sensex stocks, Sterlite Industries was the leading gainer and its stock price soared by 4.18% at Rs314.30. Among other stocks, HDFC advanced 2.53% at Rs1,388, Sun Pharmaceutical Industries jumped 2.33% at Rs1,020.10, while Maruti Suzuki India, Tata Consultancy Services, National Thermal Power Corporation, Infosys, JP Associates, DLF and Reliance Industries closed with marginal gains. Among laggards, Larsen & Toubro slipped 4.14% at Rs609.55, Bharat Heavy Electricals shed 3.15% at Rs1,412.65, Tata Motors declined by 2.75% at Rs171.60, Reliance Communications fell by 2.03% at Rs156.60 and Mahindra & Mahindra lost 1.89% at Rs355.15. 

Over 1.79 crore shares of Cals Refineries changed hands on BSE followed by Suzlon Energy (96 lakh shares), Unitech (84 lakh shares), Firstsource Solutions (81 lakh shares) and NIIT (72 lakh shares).

European Indices at 16:00 IST on 19-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3829.07

24.08

0.63

CAC 40 Index

2785.28

24.94

0.90

DAX INDEX

4035.36

39.04

0.98

Asian Indices at close on 19-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7945.96

-26.21

-0.33

Hang Seng Index

13130.92

13.75

0.10

Kospi Index

1161.81

-8.17

-0.70

Straits Times Index

1584.86

8.92

0.57

Jakarta Composite Index

1341.60

18.76

1.42

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“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

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