Sensex

Wednesday, April 08, 2009

DG - FW: Sharekhan Post-Market Report dated April 08, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 08 April 2009 16:39
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 08, 2009

 

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April 08, 2009

 

Index Performance

Index

Sensex

Nifty

Open

10,283.58

3,255.35

High

10,778.11

3,357.05

Low

10,171.91

3,149.25

Today's Cls

10,742.34

3,342.95

Prev Cls

10,534.87

3,256.60

Change

207.47

86.35

% Change

1.97

2.65

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Jai Corp

117.30

20.00

Jet Airways

209.15

19.99

Hindustan Copper

152.85

19.98

Spice Tele

69.75

17.82

India Infoline

74.10

15.15

Losers

EIH

114.35

-6.31

Educomp Solutions

2,249.25

-6.04

Mundra Port

366.45

-4.23

Chennai Petroleum

117.10

-3.94

M&M

449.30

-3.54

Market Statistics

-

BSE

NSE

Advances

2,021

1,044

Declines

468

174

Unchanged

63

30

Volume(Nos)

57.26cr

123.93cr

 Market Commentary 

Market up on realty, consumer durables

Market recovers from its 363-point intra-day loss, posting significant gains on buying in heavyweights, realty and consumer durable (CD)stocks.

The 30-stock index of BSE, Sensex, in lack of clear signals gyrated around 300 points in early trades. However, frenzied selling caused it to dip below 10200 

 

mark to touch an intra-day low of 10172. Though the market erased most of its losses by noon trades, the pull-back from lower levels came toward the close, after a fresh bout of buying in several frontline stocks saw Sensex touch an intra-day high of 10778. Sensex ended the session 207 points up at 10742, while Nifty moved up by 86 points to 3343.

Market breadth was extremely positive. Of the 2,552 stocks traded on the BSE 2,021 stocks advanced, whereas 468 stocks declined. Sixty three stocks ended unchanged. Of the 13 sectoral indices on BSE, only one (BSE Bankex) ended lower. Wiping its losses, BSE Realty moved up by 4.74% topping the list while BSE CD, occupying the second slot, up nearly 4.62%. 

Several Sensex stocks registered decent gains. JP Associates flared up 8.71% at Rs106.05, National Thermal Power Corporation jumped by 6.70% at Rs196.75 Tata Motors gained 6.29% at Rs222.30 and Hindustan Unilever gained 6.06% at Rs 240.80. ITC, Larsen & Toubro, Wipro, Tata Consultancy Services, Tata Power and Sun Pharmaceutical Industries were up by more than 4-5% each. Among laggards, Mahindra & Mahindra shot up by 3.54% at Rs449.30, Hindalco Industries lost 2.92% at Rs58.20 and Reliance Communications gained 2.18% at Rs213.35. HDFC Bank, Bharat Heavy Electricals, Sterlite Industries, State Bank of India and Grasim Industries were down by 0.20-1% each.

Reliance Natural Resources attracted volumes of over 2.57 crore shares on BSE followed by Unitech (2.35 crore shares), United Breweries (2.12 crore shares) and Cals Refineries (1.98 crore shares).

European Indices at 16:00 IST on 08-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3889.47

-41.05

-1.04

CAC 40 Index

2872.34

-29.97

-1.03

DAX INDEX

4281.39

-41.11

-0.95

Asian Indices at close on 08-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8595.01

-237.84

-2.69

Hang Seng Index

14474.86

-454.11

-3.04

Kospi Index

1262.07

-38.02

-2.93

Straits Times Index

1783.96

-18.43

-1.02

Jakarta Composite Index

1465.75

-25.10

-1.68

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