Sensex

Wednesday, August 13, 2008

DG - FW: Sharekhan Post-Market Report dated August 13, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 August 2008 16:50
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 13, 2008

 

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August 13, 2008

 

Index Performance

Index

Sensex

Nifty

Open

15,030.21

4,548.05

High

15,272.56

4,572.65

Low

15,013.06

4,497.25

Today's Cls

15,093.12

4,529.05

Prev Cls

15,212.13

4,552.25

Change

-119.01

-23.20

% Change

-0.78

-0.51

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Dish TV

39.75

10.26

UCO Bank

40.80

10.12

Torrent Power

119.35

7.52

GSPL

64.85

6.14

Reliance Industrial Infra

969.30

5.00

Losers

Tata Chemicals

315.50

-6.57

Power Finance

138.70

-5.81

Lanco Infra

325.05

-5.26

Indian Bank

121.10

-5.13

Triveni Engineering

112.20

-4.79

Market Statistics

-

BSE

NSE

Advances

1,238

496

Declines

1,420

691

Unchanged

91

41

Volume(Nos)

33.22cr

57.50cr

 Market Commentary 

Sensex sheds 119 points

Weakness in global indices triggers a fall in the domestic market and the Sensex closes 119 points down.

Weakeness in global indices made the investors jittery and triggered a sell-off in the domestic market. The market opened on a bearish note at 15,030, down 182 

 

points from the yesterday’s close. By mid-morning trades, the Sensex managed to recover some losses and touched intra-day high of 15,273, up 61 points. However, the index succumbed to selling in banking, reality and capital goods stocks. Some buying at lower levels towards the close saw the Sensex recover a little and end the session with losses of 119 points at 15,093, while the Nifty closed at 4,529, down 23 points.

The market breadth was weak. Of the 2,749 stocks traded on the BSE, 1,420 (51%) stocks declined, 1,238 (45%) stocks advanced and 91 (3%) stocks ended unchanged. 

Most of the sectoral indices posted losses for the day. The BSE Bankex was the biggest loser and slipped 2.23% at 7,271 followed by the BSE Realty Index (down 1.31% at 5,610.83) and the BSE CG Index (down 1.05% at 12,607). However, the BSE IT gained 1.11% at 3,813.96 followed by the BSE HC Index (up 1.05% at 4,279.90). The BSE Teck and BSE FMCG Index ended with steady gains.

Among the laggards, ICICI Bank was down 3.77% at Rs710.55, HDFC Bank declined 3.69% at Rs1217.20, DLF shed 3.29% at Rs548.60, Reliance Infrastructure dropped 2.45% at Rs1,067.85, HDFC lost 2.13% at Rs2,414.10 and Hindalco fell 2% at Rs139.55. However, select heavyweights attracted decent buying support. Sterlite Industries India added 2.67% at Rs613, Infosys rose 1.34% at Rs1,625.20 and Tata Consultancy Services gained 1.20% at Rs828.05.

Over 2.44 crore Reliance Natural Resouces shares changed hands on the BSE followed by Chambal Fertilisers and Chemicals (1.13 crore shares), Nagarjuna Fertilisers and Chemicals(1.09 crore shares) and Ispat Industries(1crore shares).

European Indices at 16:10 IST on 13-08-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5502.80

-31.70

-0.57

CAC 40 Index

4477.07

-41.41

-0.92

DAX Index

6544.28

-41.59

-0.29

Asian Indices at close on 13-08-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

13023.05

-280.55

-2.11

Hang Seng Index

21293.32

-119.01

-0.78

Kospi Index

1562.72

-14.40

-0.91

Straits Times Index

2811.79

-5.03

-0.18

Jakarta Composite Index

2063.52

5.94

0.29

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