Sensex

Tuesday, April 28, 2009

DG - FW: Sharekhan Post-Market Report dated April 28, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 April 2009 16:52
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 28, 2009

 

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April 28, 2009

 

Index Performance

Index

Sensex

Nifty

Open

11,371.34

3,469.50

High

11,375.97

3,471.95

Low

10,961.76

3,351.50

Today's Cls

11,001.75

3,362.35

Prev Cls

11,371.85

3,470.00

Change

-370.10

-107.65

% Change

-3.25

-3.10

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Godrej Conumer

144.85

7.98

Indian Oil 

449.75

3.08

Castrol

327.90

2.84

Colgate

479.40

1.54

Piramal Health

226.85

1.27

Losers

IVRCL Infra

161.30

-11.40

Indian Bank

100.25

-10.97

Nagarjuna Const

68.85

-10.65

Aban Offshore

395.25

-10.56

Aditya Birla Nuvo

523.75

-10.54

Market Statistics

-

BSE

NSE

Advances

654

178

Declines

1,807

1,027

Unchanged

81

27

Volume(Nos)

37.71cr

82.52cr

 Market Commentary 

Market close to 11000

Benchmark Sensex remains bearish all through the day amid weakness across international markets and closes 370 points down

The Sensex had witnessed a firm trend and had surged over 500 points on strong buying over the last three sessions.

 

However, bears hit back strongly today and triggered a major sell-off during intra-day trades. Tracking weak Asian markets, the 30-stock Sensex started the day with a negative gap at 11371 and continued to slide down. After plunging below 11000-mark to touch the day's low of 10962, the market moved within a range with a negative bias. Towards the close, the market witnessed panic selling and the Sensex ended 370 points down at 11002 while the 50-stock index, Nifty, shed 108 points to close at 3362.

Beaten or bashed, none of the sectoral indices were spared. The BSE Realty index and the BSE Metal dropped over 5% each, while the BSE Bankex index, the BSE CG index, the BSE Power index and the BSE PSU index were down over 2-4% each. The BSE small-cap index ended with loss of 3% and the BSE mid-cap index was down 3%.

Market breadth, the number of advancing shares to declining ones, was negative for the day. Of the 2,542 stocks traded on the BSE, 1,807 stocks declined, whereas only 654 stocks advanced. Eighty one stocks ended unchanged. All the index heavyweights ended lower. DLF was the major loser, tumbling 7.81% at Rs224.80 for the day. Sterlite Industries at Rs383.20, Tata Steel at Rs234.30, HDFC at Rs1,671.05, Reliance Communications at Rs207.55 and Reliance Infrastructure at Rs662 slumped around 7% each. Among other major losers, Tata Motors dropped 6.41% at Rs232.80, ICICI Bank lost 6.11% at Rs439.35, Bharat Heavy Electricals fell 4.12% at Rs1,601.65, Hindalco Industries lost 4.04% at Rs53.45 and HDFC Bank declined by 4.01% at Rs1,070.75.

Over 4.54 crore shares of Cals Refineries changed hands on the BSE followed by Unitech (2.30 crore shares), Birla Power (2.29 crore shares), JP Associates (1.59 crore shares) and Reliance Natural Resources (1.38 crore shares).

European Indices at 16:00 IST on 28-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4085.91

-81.10

-1.95

CAC 40 Index

3030.38

-72.05

-2.32

DAX INDEX

4572.37

-121.70

-2.59

 

Asian Indices at close on 28-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8473.77

-232.57

-2.67

Hang Seng Index

14555.11

-285.31

-1.92

Kospi Index

1300.24

-39.59

-2.95

Straits Times Index

1808.41

-10.20

-0.56

Jakarta Composite Index

1595.91

19.83

1.26

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