Sensex

Friday, April 24, 2009

DG - FW: Sharekhan Post-Market Report dated April 24, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 24 April 2009 16:15
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 24, 2009

 

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April 24, 2009

 

Index Performance

Index

Sensex

Nifty

Open

11,149.47

3,423.60

High

11,362.88

3,491.35

Low

11,070.33

3,402.90

Today's Cls

11,329.05

3,480.75

Prev Cls

11,134.99

3,423.70

Change

194.06

57.05

% Change

1.74

1.67

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Adani Enterprises

444.00

14.55

IDBI Bank

67.45

13.08

Century Textiles

236.35

9.70

Videocon Industries

122.20

9.01

Aditya Birla Nuvo

563.00

8.62

Losers

Hindustan Copper

183.20

-4.98

Jai Corp

194.75

-4.98

Zee Enter

114.50

-3.42

Bajaj Holdings

363.00

-3.35

Exide Industries

52.80

-2.94

Market Statistics

-

BSE

NSE

Advances

1,536

771

Declines

970

416

Unchanged

96

41

Volume(Nos)

47.26cr

96.17cr

 Market Commentary 

Sensex above 11300

In spite of substantial volatility, the Sensex continued its upward momentum, ending firm above 11300 on late buying in banking, consumer durables and capital goods stocks.

The market continued to scale up and closed firm above 11300 levels. Exhibiting a choppy trend in early trades, the Sensex gyrated over 50 points after

 

the opening bell and slipped below 11000 mark on sustained selling pressure to touch the day's low of 11070. Recovery started thereafter and the market rebounded into the positive territory in afternoon. Substantial buying in banking, consumer durables (CD), capital goods and technology stocks saw the Sensex notch up significant gains in late trades and touch a new intra-day high of 11363. The Sensex wrapped the session 194 points higher at 11329, while the 50-stock Nifty gained 57 points to close at 3481.

Market breadth, the number of advancing and declining stocks, was positive for the day. Of the 2,602 stocks traded on BSE, 1,536 stocks advanced whereas 970 stocks declined. 96 stocks ended unchanged. All the 13 sectoral indices posted gains for the day. BSE Bankex flared 2.77% up and BSE CD gained 2.32%. Other sectoral indices were up 1-2% each. BSE FMCG and BSE IT was also up with marginal gains.

Recovery in the market was led by Mahindra & Mahindra, which shot up by 7.01% at Rs474. Among other major gainers, JP Associates advanced by 6.07% at Rs125.80, Grasim Industries moved up by 5.68% at Rs1,802.95, Bharti Airtel added 5.47% at Rs747.70, ACC scaled 4.88% at Rs679.30 and Reliance Infrastructure jumped 3.72% at Rs739.50. Select index stocks witnessed selling pressure. Ranbaxy Laboratories dropped 2.42% at Rs175.75. Hindustan Unilever fell 0.87% at Rs238.15, Tata Steel declined by 0.70% at Rs260.95, National Thermal Power Corporation lost 0.34% at Rs190.95 and Wipro slipped 0.34% at Rs311.90. 

Over 3.69 crore shares of Cals Refineries changed hands on the BSE followed by Unitech (3.07 crore shares), IFCI (2.05 crore shares), Reliance Natural Resources (1.85 crore shares) and Suzlon Energy (1.46 crore shares).

European Indices at 16:00 IST on 24-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4069.10

50.87

1.27

CAC 40 Index

3039.58

30.96

1.03

DAX INDEX

4593.36

55.15

1.22

Asian Indices at close on 24-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8707.99

-139.02

-1.57

Hang Seng Index

15258.85

44.39

1.53

Kospi Index

1354.10

-14.70

-1.07

Straits Times Index

1852.85

-7.13

-0.38

Jakarta Composite Index

1591.33

-20.17

-1.25

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