Sensex

Friday, March 27, 2009

DG - FW: Sharekhan Post-Market Report dated March 27, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 March 2009 16:19
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 27, 2009

 

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March 27, 2009

 

Index Performance

Index

Sensex

Nifty

Open

10,036.80

3,079.40

High

10,127.09

3,123.35

Low

9,913.40

3,055.90

Today's Cls

10,048.49

3,108.65

Prev Cls

10,003.10

3,082.25

Change

45.39

26.40

% Change

0.45

0.86

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Aban Offshore

421.15

15.05

JSW Steel

230.90

13.77

RNRL

49.25

12.06

Punj Lloyd

90.35

10.18

Sesa Goa

107.90

9.82

Losers

Rei Agro

40.90

-6.19

Mundra Port

309.50

-4.02

HDFC

1,589.15

-3.88

Sterling Biotech

142.25

-3.85

Infosys

1,346.75

-2.46

Market Statistics

-

BSE

NSE

Advances

1,527

847

Declines

1,018

346

Unchanged

113

48

Volume(Nos)

38.89cr

86.58cr

 Market Commentary 

Metals steel the show 

Witnessing an intra-day 214 points swing, Sensex posts modest show on good buying in metal stocks.

The stock market witnessed strong volatility, swinging 214 points during intra-day trades, as shares gyrated sharply between zones. Taking cue from mixed  

 

Asian indices, Sensex started on a positive note at 10037, but failed to sustain its gains, as a sharp bout of profit-taking pushed the index below 10000 mark to an intra-day low of 9913. While the market remained lacklustre with a negative bias for some time, Sensex rolled back to the green by mid-noon trades on renewed buying support, and surged to an intra-day high of 10127. However, a fresh round of profit-taking towards the fag end saw Sensex pare its gains and end at 10048, up only 45 points, while Nifty added 26 points to close at 3109.

The market breadth, the number of advancing shares to declining ones, was positive. Of the 2,658 stocks traded on BSE 1,527 stocks advanced, whereas 1,018 stocks declines. 113 stocks remained unchanged. Of the 13 sectoral indices, BSE Metal gained 4.85%, while BSE HC, BSE Bankex and BSE Auto ended at higher levels. BSE Oil & Gas and BSE IT were the only two sectoral indices posting losses for the day. 

Select heavyweights edged higher on decent buying support. Tata Steel rose 9.96% at Rs225.20, Tata Motors jumped 9.03% at Rs188.30, Reliance Communications advanced 7.23% at Rs167.10, Hindalco Industries added 7.23% at Rs55, ACC Industries gained 4.57% at Rs586 and JP Associates gained 4.02% at Rs89.30. However, select front line stocks came under selling pressure. HDFC was the major loser and lost 3.88% at Rs1,589.15. Infosys declined 2.46% at Rs1,346.75, Bharat Heavy Electricals dropped 1.19% at Rs1,551.40 and Reliance Industries shed 1.18% at Rs1,548. 

Over 3.49 crore shares of Reliance Natural Resources changed hands on BSE followed by Unitech (1.53 crore shares), GVK Power & Infrastructure (1.31 crore shares), IFCI (98 lakh shares) and Cals Refineries (88 lakh shares).

European Indices at 16:00 IST on 27-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3932.99

7.79

0.20

CAC 40 Index

2883.75

-8.32

-0.29

DAX INDEX

4245.55

-13.82

-0.32

Asian Indices at close on 27-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8626.97

-9.36

-0.11

Hang Seng Index

14119.50

10.52

0.07

Kospi Index

1237.51

-6.29

-0.51

Straits Times Index

1745.66

-13.13

-0.75

Jakarta Composite Index

1462.74

42.77

3.01

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