| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,905.56 | 2,762.20 | | High | 8,998.31 | 2,797.80 | | Low | 8,788.32 | 2,731.90 | | Today's Cls | 8,954.86 | 2,785.65 | | Prev Cls | 8,902.56 | 2,762.50 | | Change | 52.30 | 23.15 | | % Change | 0.59 | 0.84 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Piramal Health | 208.90 | 16.93 | | Bhushan Steel | 310.80 | 9.36 | | UltraTech Cement | 475.55 | 8.36 | | Mphasis | 171.70 | 7.31 | | Tata Motors | 150.00 | 7.26 | | Losers | | Ranbaxy | 169.95 | -18.00 | | Akruti City | 927.05 | -14.19 | | Tech Mahindra | 258.30 | -6.23 | | Indian Bank | 87.20 | -6.03 | | Axis Bank | 346.50 | -5.39 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,014 | 437 | | Declines | 1,341 | 700 | | Unchanged | 94 | 71 | | Volume(Nos) | 20.28cr | 58.01cr | | | | | | Market Commentary | | | Auto and oil gears up markets | | After correcting in morning, buoyancy in heavyweights, auto and oil & gas stocks lifts Sensex 52 points up. | | The benchmark Sensex started the day almost flat with a positive gap of three points at 14514. Mixed global cues and fear of recession ruled the sentiment leading | 
| | | to selling in front-line and fast moving consumer goods stocks dragging the index to its day's low of 8788 by mid-morning. However, firm opening in European markets and sustained buying in select heavy weights, auto and oil & gas stocks turned the tide and Sensex entered the positive territory to touch the day’s high of 8998. But, the index remained range-bound though with a positive bias thereafter due to some profit booking at higher levels and lack of buying interest. Sensex closed the session 52 points up at 8955 and the broader Nifty ended 23 points higher at 2786.
Ten out of 13 sectoral indices at BSE were up for the day, with BSE Auto leading the upsurge, posting 2.74% gains. BSE Oil & Gas (up 1.28%) and BSE Teck (up 1.21%) occupied the second and third slot respectively. However, BSE Bankex tumbled 2.15% and BSE CD lost 1.33%. The market breadth was negative. Of the 2,448 scrips traded on the BSE, 1,341 stocks declined, whereas 1,014 stocks advanced. Ninety four stocks ended unchanged.
Among Sensex stocks, auto major Tata Motors was the lead gainer soaring by 7.26% at Rs150. Maruti Suzuki India advanced 5.02% at Rs696.05, Grasim Industries moved up by 3.67% at Rs1,458.85, Reliance Communications jumped 2.95% at Rs159, ONGC shot up by 2.66% at Rs715.25, Sterlite Industries added 2.37% at Rs253 and NTPC rose 2.30% at Rs184.20. Among laggards, Ranbaxy Laboratories dropped 18% at Rs169.95, ICICI Bank shed 4.63% at Rs324.75, HDFC declined by 3.41% at Rs1,211.65 and Hindalco Industries lost 3.12% at Rs38.80.
Over 80.02 lakh shares of Unitech changed hands on BSE followed by Satyam Computer Services (76.18 lakh shares), DLF (64.80 lakh shares), Suzlon Energy (61 lakh shares) and Ranbaxy Laboratories (60 lakh shares). | | | | | | | | European Indices at 16:15 IST on 26-02-2009 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 7457.93 | -3.29 | -0.04 | | Hang Seng Index | 12894.94 | -110.14 | -0.85 | | Kospi Index | 1054.79 | -12.29 | -1.15 | | Straits Times Index | 1617.44 | 0.65 | 0.04 | | Jakarta Composite Index | 1290.32 | -9.79 | -0.75 | | | | | | | | | | | Asian Indices at close on 26-02-2009 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 3909.13 | 60.15 | 1.56 | | CAC 40 Index | 2725.36 | 28.44 | 1.05 | | DAX INDEX | 3879.40 | 32.93 | 0.85 | | | | | | | | 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