| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,852.20 | 4485.15 | | High | 14,998.32 | 4497.50 | | Low | 14,714.92 | 4418.95 | | Today's Cls | 14,900.76 | 4468.70 | | Prev Cls | 14,944.97 | 4482.30 | | Change | -44.21 | -13.60 | | % Change | -0.30 | -0.30 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | IFCI | 48.90 | 5.73 | | HPCL | 243.55 | 4.84 | | Balrampur Chini | 95.10 | 3.31 | | Tech Mahindra | 796.10 | 2.84 | | Idea Cellular | 85.10 | 2.72 | | Losers | | Sterlite Ind | 575.70 | -7.50 | | Gujarat NRE Coke | 86.45 | -5.88 | | Areva | 1,592.00 | -5.31 | | REI Agro | 1,238.45 | -5.00 | | Hero Honda | 825.00 | -4.13 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,195 | 444 | | Declines | 1,443 | 741 | | Unchanged | 74 | 55 | | Volume(Nos) | 23.90cr | 42.39cr | | | | | | Market Commentary | | | Marginally down | | The Sensex languished in the negative territory for the better part of the trading session and ended 44 points lower at 14,901 | | After clocking gains of over 400 points in the yesterday’s session, the market succumbed to selling pressure on the second day of the week amid weak global indices. | 
| | | The Sensex resumed the day 93 points below its last close at 14,945 and slipped below 14,750 on sustained selling. The index fell sharply in the afternoon to touch the day's low of 14,715. However, the market soon witnessed a strong bounce back on the emergence of buying and touched an intra-day high of 14,998. The Sensex pared its losses considerably and ended the session at 14,901, down 44 points for the day, while the Nifty shed 14 points at 4,469. | | | The market breadth was negative, as of the 2,711 stocks traded on the BSE, 1,443 stocks declined, while 1,195 stocks advanced. 74 stocks ended unchanged. Barring BSE Teck, BSE Oil & Gas and BSE IT, the rest of the sectoral indices ended lower. The BSE Metal index declined 1.78% at 11,801, while the BSE Bankex, the BSE Reality index, the BSE CD index and the BSE FMCG index shed around 1% each.
Among the losers, Sterlite Industries dropped 7.50% at Rs575.70, Tata Motors fell 3.68% at Rs420.40, BHEL shed 2.44% at Rs1746.95, SBI declined 1.95% at Rs1,560.55 and Ranbaxy Laboratories slipped 1.71% at Rs456.45. The other losers like DLF, Mahindra & Mahindra, Tata Power, ICICI Bank and ITC were down around 1% each. However, Maruti Suzuki India bucked the downtrend and jumped 2.10% at Rs708.20, Bharti Airtel gained 2.09% at Rs936.45, Reliance Communications advanced 1.68% at Rs405.25, Tata Consultancy Services was up 1.32% at Rs866.20 and Reliance Infrastructure added 1.18% at Rs1,070.90.
Over 2.14 crore IFCI shares changed hands on the BSE followed by Austral Coke (1.06 crore shares), Resurgee Mines & Minerals Inida (86.45 lakh shares), Reliance Natural Resources (74.30 lakh shares) and Reliance Power (58.02 lakh shares). | | | | | | | | European Indices at 16:15 IST on 09-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5522.60 | 76.30 | 1.40 | | CAC 40 Index | 4380.66 | 40.48 | 0.93 | | DAX Index | 6323.01 | 59.27 | 0.93 | | | | | | | | | | | Asian Indices at close on 09-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12400.65 | -223.81 | -1.77 | | Hang Seng Index | 20491.11 | -303.16 | -1.46 | | Kospi Index | 1454.50 | -22.15 | -1.50 | | Straits Times Index | 2673.21 | -23.82 | -0.88 | | Jakarta Composite Index | 1958.75 | -79.24 | -3.89 | | | | | | | | To know more about our products and services, click here. | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
No comments:
Post a Comment