Sensex

Tuesday, January 13, 2009

DG - FW: Sharekhan Post-Market Report dated January 13, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 13 January 2009 16:09
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 13, 2009

 

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January 13, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,042.36

2,775.00

High

9,261.00

2,802.60

Low

8,992.92

2,720.80

Today's Cls

9,071.36

2,744.95

Prev Cls

9,110.05

2,773.10

Change

-38.69

-28.15

% Change

-0.42

-1.02

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Infosys

1,230.20

6.36

Wipro

241.10

6.05

Canara Bank

207.45

5.28

Bajaj Finserv

197.80

4.99

Indiabulls Real Estate

109.55

4.78

Losers

Rolta India

87.15

-17.71

Siemens

211.10

-11.69

Sintex

145.05

-9.49

Jet Airways

143.55

-8.83

Zee Enter

114.00

-8.62

Market Statistics

-

BSE

NSE

Advances

848

361

Declines

1,562

800

Unchanged

88

52

Volume(Nos)

30.44cr

65.78cr

 Market Commentary 

Dreary trading

Markets bounce back towards the close and ends marginally negative.

Markets took a breather, as investors remained on sidelines ahead of the corporate results season that begins this week. Sensex has lost almost 1,200 points

 

in the last three sessions on the back of weak international markets. The market was range-bound throughout the day. Sensex resumed 68 points lower at 9,042, but gained amid volatile moves on buying in heavyweight and information technology stocks in afternoon and touched the day's high at 9,261. While market witnessed fluctuating trend for a while, the afternoon trades saw the index tumble below 9,000 mark to touch the day's low of 8,993 amid relentless selling pressure. Sensex finally ended the day 39 points lower at 9,071, while Nifty fell 28 points to close at 2,745.

The market breadth was extremely negative. Of the 2,498 stocks traded on BSE, 1,562 stocks declined, whereas 848 stocks advanced. Eighty eight stocks ended unchanged. Except BSE IT, BSE Teck, BSE CD, BSE FMCG and BSE Realty, all other sectoral indices were down around 0.16-1% each. BSE Oil & Gas, BSE Bankex, BSE Metal and BSE Power lost over 1% each. 

Selling was rampant in several index heavyweights. Reliance Communications triggered a major sell-off in the market and tumbled by 6.59% at Rs168. Among other major losers, HDFC dropped 4.21% at Rs1,553, Tata Motors declined 4.11% at Rs155.25, ONGC lost 3.47% at Rs630.30, JP Associates shed 3.39% at Rs66.95, Hindalco Industries slumped 3.09% at Rs48.60, Hindustan Unilever slipped by 2.93% at Rs254.95 and Bharti Airtel dipped by 2.80% at Rs607.10. However, Infosys Technologies managed to report gains and jumped 6.36% at Rs1,230.20, Wipro advanced 6.05% at Rs241.10, Ranbaxy Laboratories added 4.57% at Rs216.40 and Tata Power gained 3.40% at Rs752.10.

Over 3.30 crore shares of Satyam changed hands on BSE followed by Rolta India (2.91 crore shares), Reliance Natural Resources (1.78 crore shares), Unitech (1.34 crore shares) and Suzlon Energy (1.03 crore shares).

European Indices at 16:00 IST on 13-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4349.89

-76.30

-1.72

CAC 40 Index

3176.98

-69.14

-2.13

DAX INDEX

4616.16

-103.20

-2.19

Asian Indices at close on 13-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8413.91

-422.89

-4.79

Hang Seng Index

13668.05

-302.95

-2.17

Kospi Index

1167.71

10.96

0.95

Straits Times Index

1761.82

-14.43

-0.81

Jakarta Composite Index

1399.73

-6.82

-0.48

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