Sensex

Friday, April 17, 2009

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



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 17 April 2009 16:07
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 17, 2009

 

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April 17, 2009

 

Index Performance

Index

Sensex

Nifty

Open

11,067.71

3,369.50

High

11,339.47

3,489.85

Low

10,946.25

3,359.25

Today's Cls

11,023.09

3,384.40

Prev Cls

10,947.40

3,369.50

Change

75.69

14.90

% Change

0.69

0.44

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Unitech

52.60

21.34

Allahabad Bank

53.45

10.09

Jai Corp

187.00

10.00

IOB

66.50

9.74

Oracle Financial

869.85

8.03

Losers

Hindalco

54.90

-5.18

Indiabulls Real Estate

128.80

-5.05

JSW Steel

316.45

-4.35

Tech Mahindra

334.85

-4.26

RCF

42.35

-4.08

Market Statistics

-

BSE

NSE

Advances

1,362

618

Declines

1,194

595

Unchanged

94

41

Volume(Nos)

51.20cr

117.15cr

 Market Commentary 

Market 316 points down from day's high

Market closes with gains, but slips 316 points from the day's high of 11339.

The market appeared to be heading towards a negative close after a strong bout of profit taking towards the close shaved off nearly 186 points from the day’s high.  

 

Till afternoon the Sensex witnessed a strong optimism after resuming 121 points up at 11068. While the action in several counters held the market firm above 11200 levels in the first half, the index notched up further gains in afternoon to touch the day's high of 11339. However, the market slipped towards the close as weakness in select heavyweight, health care, metal and fast moving consumer goods (FMCG) stocks dragged the index to an intra-day low of 10946. The Sensex ended the session with marginal gains of 76 points at 11023, while Nifty added 15 point to its kitty to close at 3384.

The market breadth was positive. Of the 2,650 stocks that traded on the BSE, 1,362 stocks advanced, 1,194 stocks declined and 94 stocks ended unchanged. Most of the sectoral indices ended in the green. The BSE Metal index dropped 1.66% followed by the BSE HC (down 0.80%) and the BSE CD index (down 0.73%).

Among the Sensex stocks, Larsen & Toubro was the leading gainer and soared 4.63% at Rs870. ICICI Bank advanced 4.53% at Rs445.70, Infosys Technologies jumped 4% at Rs1,395, State Bank of India shot up by 3.51% at Rs1,306, Reliance Infrastructure added 3.18% at Rs664.30, while HDFC, Grasim Industries, HDFC Bank, Bharti Airtel and Oil and Natural Gas Corporation closed with marginal gains. Among the laggards, Hindalco Industries tumbled 5.18% at Rs54.90, Tata Power shed 4.03% at Rs258.30 and Sterlite Industries declined by 3.12% at Rs388.40 whereas Tata Motors and Sun Pharmaceutical Industries lost 2% each at Rs236.30 and Rs1,205.55 respectively. 

Over 6.83 crore shares of Unitech changed hands on the BSE followed by Reliance Natural Resources (1.90 crore shares), Suzlon Energy (1.66 crore shares), Cals Refineries (1.33 crore shares) and Housing Development and Infrastructure (1.22 crore shares).

European Indices at 16:00 IST on 17-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4063.00

10.02

0.25

CAC 40 Index

3067.94

29.76

0.98

DAX INDEX

4632.56

23.10

0.50

Asian Indices at close on 17-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8907.58

152.32

1.74

Hang Seng Index

15601.27

18.28

0.12

Kospi Index

1329.00

-7.72

-0.58

Straits Times Index

1896.56

4.81

0.25

Jakarta Composite Index

1634.79

9.70

0.60

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