| | Index Performance | Index | Sensex | Nifty | Open | 13,763.83 | 4,040.80 | High | 14,097.44 | 4,262.65 | Low | 13,674.96 | 4,040.80 | Today's Cls | 14,042.32 | 4,245.25 | Prev Cls | 13,315.60 | 4,038.15 | Change | 726.72 | 207.10 | % Change | 5.46 | 5.13 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | Indiabulls Real Estate | 224.05 | 17.00 | Indiabulls Financial | 216.20 | 13.79 | Reliance Capital | 1,272.85 | 13.27 | Akruti City | 908.20 | 11.52 | Satyam Computer | 370.10 | 10.48 | Losers | Bajaj Holdings | 437.35 | -2.85 | HPCL | 234.90 | -2.65 | Hero Honda Motors | 820.95 | -1.94 | Indian Oil Corporation | 396.90 | -1.83 | IOB | 108.65 | -1.63 | | Market Statistics | - | BSE | NSE | Advances | 1,888 | 985 | Declines | 740 | 237 | Unchanged | 72 | 17 | Volume(Nos) | 30.45cr | 59.05cr | | | | | Market Commentary | | Comeback, and How! | The market rallied sharply, up 726 points, to close marginally above the 14,000 mark due to sharp appreciation in realty and information technology stocks. | After a subdued trend in the last few sessions, the market staged a solid comeback today. The bulls were back in action after closing flat yesterday. | | | Taking lead from buoyant international markets, the Sensex started the day at 13,764 (448 points above its previous close) on the back of strong buying in heavyweights, realty, information technology, Teck, oil & gas, power and banking stocks. At its day's high of 14,097 by afternoon, the Sensex closed the session 727 points higher at 14,042 and Nifty advanced 207 points to close at 4,245. The market breadth was highly positive, Of the 2,700 stocks traded on the BSE, where 1,888 stocks advanced only 740 stocks declined. 72 stocks ended unchanged. All the sectoral indices notched up significant gains. BSE Realty index was the biggest gainer and soared 7.59% followed by BSE IT index (up 6.67%), BSE Teck index (up 5.86%), BSE Oil & Gas index (up 5.52%), BSE Power index (up 5.16%), BSE Bankex (up 5.03%) and the BSE CD index (up 4.72%). Barring few, all the stocks in the Sensex basket ended at higher levels. Satyam Computer Services led the upsurge and flared 10.48% at Rs370.10. Among the other major gainers ICICI Bank surged 9.07% at Rs628.10, HDFC Bank moved up by 8.32% at Rs2308.45 and Tata Power advanced 8.30% at Rs1,027.30. DLF vaulted 7.78% at Rs426.90, ONGC shot up by 7.30% at Rs1072.10, Infosys Technologies added 6.59% at Rs1,623.85 and Tata Consultancy Services rose 6.37% at Rs766. However, HDFC Bank, BHEL, Reliance Industries, Jaiprakash Associates and Reliance Communications ended with gains of over 4-5% each. Realty stocks were the stars of the day. Ansal Properties & Infrastruture soared 18.36% at Rs89.95, Indiabulls Realestate jumped 17% at Rs224.05, Akruti City added 11.52% at Rs908.20 and Peninsula Land gained 5.65% at Rs50.50. Over 1.48 crore JP Associates shares changed hands on the BSE followed by Reliance Natural Resources (1.33 crore shares), IFCI (1.27 crore shares), Sesa Goa (1.12 crore shares) and Kohinoor Broadcasting Corporation (0.75 crore shares). | | | | | | | | European Indices at 16:15 IST on 19-09-2008 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 5265.30 | 385.30 | 7.90 | CAC 40 Index | 4227.04 | 269.18 | 6.80 | DAX Index | 6126.77 | 4.49 | 4.49 | | | | | | | | | | | Asian Indices at close on 19-09-2008 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 11920.86 | 431.56 | 3.76 | Hang Seng Index | 19327.73 | 1695.27 | 9.61 | Kospi Index | 1455.78 | 63.36 | 4.55 | Straits Times Index | 2559.07 | 139.86 | 5.78 | Jakarta Composite Index | 1891.72 | 104.05 | 5.82 | | | | | | | | 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