Sensex

Monday, March 23, 2009

DG - FW: Sharekhan Post-Market Report dated March 23, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 23 March 2009 16:40
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 23, 2009

 

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March 23, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,040.30

2,807.25

High

9,454.69

2,949.75

Low

9,040.30

2,807.25

Today's Cls

9,424.02

2,939.90

Prev Cls

8,966.68

2,807.05

Change

457.34

132.85

% Change

5.10

4.73

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

India Infoline

60.20

16.22

Reliance Capital

363.00

16.05

Bajaj Holdings

286.40

14.17

Hindustan Copper

111.05

11.61

Bhushan Steel

358.10

11.04

Losers

Jain Irrigation

324.50

-3.69

Koutons Retails

387.85

-3.48

GSK Pharma

1,041.85

-3.10

GSPL

37.25

-2.87

DLF

167.40

-2.16

Market Statistics

-

BSE

NSE

Advances

1,629

870

Declines

899

311

Unchanged

114

59

Volume(Nos)

30.20cr

62.16cr

 Market Commentary 

Market nears 9500

Sensex 5.1% up for the day, after posting 2.4% gains in the last week and 5.2% gians in the previous week.

The market exhibited strong optimism on the back of firm Asian indices and triggered a major rally in all sectors. After registering gains of 210 points in the last week,  

 

Sensex resumed with a positive gap of 73 points, at 9040. Maintaining its upward bias thereafter, extensive buying in banking, oil & gas, metal and public sector unit stocks saw the index edge past 9400 mark and touch an intra-day high of 9455, up 488 points for the day. Sensex closed for the day with gains of 457 points at 9424. Nifty moved up by 133 points to close at 2940.

Market breadth, the number of advancing shares to declining shares, was exceedingly positive for BSE. Of the 2,642 stocks traded, 1,629 stocks advanced and 899 stocks declined. 114 stocks ended unchanged. Of the 13 sectoral indices, BSE Bankex, the index of banking shares, flared up by 6.66% followed by BSE Oil & Gas (up 6.40%), BSE Metal (up 6.31%) and BSE PSU (up 4.21%). Other indices were up 1-3% each. 

Except DLF, other index stocks ended at higher levels. Ranbaxy Laboratories was the day's star performer and shot up by 10.80% at Rs161.05. Among other major gainers, Tata Steel surged 10.39% at Rs194.40, Reliance Infrastructure vaulted by 9.88% at Rs530.60, Hindalco Industries spurted 9.35% at Rs52.05, HDFC jumped by 8.44% at Rs1528.80, Reliance Industries scaled up by 7.56% at Rs1439.80, ICICI Bank advanced by 7.36% at Rs346.65, State Bank of India added 7.33% at Rs1,023.45 and Reliance Communications rose 6.19% at Rs168.15. DLF, the only stock posting loss for the day, slumped by 2.16% at Rs167.40. 

Banking stocks sparkled on the back of firm Asian indices. Oriental Bank of Commerce vaulted by 9.55% at Rs110.65, Axis Bank soared 9.04% at Rs374.05, Punjab National Bank zoomed 8.72% at Rs362.25, Bank of Baroda advanced 7.97% at Rs220.70, Union Bank of India shot up by 6.45% at Rs139.55 and HDFC Bank added 5.60% at Rs884.645. Kotak Mahindra Bank, Bank of India and Indian Overseas Bank gained in the range of 4-5% each.

Over 1.78 crore shares of Ballarpur Industries changed hands on BSE followed by Suzlon Energy (1.05 crore shares), Reliance Natural Resources (98 lakh shares), Satyam Computer Services (78 lakh shares) and GVK Power & Infrastructure (78 lakh shares).

European Indices at 16:00 IST on 23-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3896.09

53.24

1.39

CAC 40 Index

2816.08

24.94

0.89

DAX INDEX

4120.81

52.07

1.28

Asian Indices at close on 23-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8215.53

269.57

3.39

Hang Seng Index

13447.42

613.91

4.78

Kospi Index

1199.50

28.56

2.44

Straits Times Index

1664.08

67.16

4.21

Jakarta Composite Index

1406.64

45.75

3.36

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DG - Thoughts...!!


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DG - Is this Government really protecting us...??

A) Is this Government really protecting us??!!

7/11 2006: Mumbai Train Blasts. 209 Killed.
25/8 2007: Hyderbad Blasts: 42 Killed
Oct 11 2007: Ajmer Blasts : 2 Killed
May 13 2008: Jaipur Blasts : 68 Killed
July 16th 2008: Ahmedabad Blasts : 57 Killed
July 25th 2008: Banglaore Blasts: 1 killed
Sept 13th 2008: Delhi Blasts: 26 Killed
Sept 27th 2008: Delhi Blasts: 2 Killed
Sept 29th 2008 : Gujrat Blasts : 1 killed
Oct 21st 2008: Imphal Blasts : 17 Killed
Oct 30th 2008: Assam Blasts : 40 Killed
Nov 26th 2008: Mumbai Attack: 180 killed

 

Every major city in India has been attacked consistently over the last two years.
Since 2004, 3850 Indians have died in Terror attacks in over 3000 incidents.
Is the common Indian on the streets really safe ?

Did you know that on the day of the Mumbai train blasts, the Government gave Rs 150 crores for earthquake relief in Pakistan ? Last year our Govt. has given Rs 3000 crores (600 Million Dollars) to Afghanistan? This, when victims of terror in India have not yet got aid? What’s going on?

 

B) Is this Government really secular ?

 

1) When Madrasas are being shut down in Pakistan, the Indian Government is giving them CBSE status !! It is depriving Muslim children in getting secular education. A Madrasa educated person can get a job in any government office without going through the secular education system. Can India afford to have fundamentalists in government departments? Why cannot the government shut down Madrassas and let Muslim children study with the rest?

 

2) Our Government has given 25 lakh scholarships ONLY to minority students.
What sin have the majority done not to deserve these?
Why cannot poor students of all communities be given scholarships instead of only Muslim children?

 

3) Thanks to the Congress led Government, out of 36000 temples in Andhra Pradesh, 28000 have closed down in the last five years. Do you want the same trend to continue in other parts of the country? Do you want a Nagaland type of situation in the whole of India? While government controls most of the Hindu temples, the minority community has had full freedom to organize their religious bodies. The minority communities now have the first right over resources. Is this not a blatant violation of fundamental rights of the majority community?

 

4) Why have the minorities in Nagaland, Mizoram & Kashmir not got the similar privileges like the minorities in other states? Why is the Govt following different rules for different religions?

 

C) Is this government really making friends or enemies for India ?

 

Thanks to a weak and visionless foreign policy, India has created enemies all around. By the Home Minister’s own admission : "India is surrounded by a circle of fire". Rajiv Gandhi's vision of a powerful "SAARC" is now defunct.

 

1) Today, India commands little respect from all its neighbours, despite being the largest democracy in the world.
2) Terrorism has engulfed the country from inside and outside. Of course Pakistan,the motherland of international terrorism continues to be a big threat.
3) China has territorial ambitions on India.
4) Nepal, is now being headed by a Maoist government and is ideologically more aligned to China. While India helped to dismantle the dynastic rule in Nepal our own Government surreptitiously supports dynastic rule within its own party.
5) Myanmar is increasingly aligning with Chinese forces with huge Chinese investments in that region.
6) Indian Policies in Srilanka have made Tamil Nadu burn. Will Tamils ever forgive India for encouraging military assault rather than facilitating peaceful dialogue on their north and north east regions.
7) Bangladesh continues to repeatedly aid and abet terrorism.

 

D) Is this Government really pro-poor?

 

The number of people living below the poverty line has increased by a horrifying 20 per cent. India had some 270 million people below the poverty line in 2004-2005, when the present Government took office. That number has gone up by 55 million, or 20 per cent!

 

E) Does this Government really care about the nation?

 

The Pakistani flag is now being hoisted in five districts of states like Assam where the Muslim population has gone up significantly. 92000 Hindu and 6000 Christians are now languishing in refugee camps. The government has turned a blind eye to this.

 

In the name of security, innocent people have been put in jails, whereas people like Yaasin Malik who has 23 murder charges on him, are moving Scot free and gathering their own strength. Is it acceptable to any patriotic Indian?

 

Can the Congress led UPA promise a non-muslim CM in J&K ? Reservation for a Hindu student in Nagaland ? If so, we wholeheartedly support them. Otherwise they should sit at home the next few years and rethink their policies.

 

Can our politicians stop stooping down to any lengths just for money and power ? Like Mr.Sharad Pawar, who first ditched the Congress and then ditched the people and aligned back with the Congress, just to be in power.

 

Don’t be deceived. What appears to be communal is not communal, and what appears to be secular is not secular. It is time we change our thinking.

 

Having said all this even BJP has not proved to be any better.
But for now we need a change. Let us choose the lesser of the two evils.
The same party brought to power again and again means encouraging unabated corruption.

 

Stand up for this most tolerant and ancient civilization and prevent this great nation from becoming a communal battleground. As citizens of India we must vote for change.

 

"And as per the CAG website (Controller Audit General of India) more than 50,000crores rupees has gone missing from the Govt. Treasury"

 

WAKE UP INDIANS. LET US VOTE FOR CHANGE.

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