Sensex

Saturday, March 21, 2009

DG - FW: Sharekhan Post-Market Report dated March 20, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 March 2009 16:27
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated March 20, 2009

 

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March 20, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,951.34

2,807.35

High

8,999.98

2,816.10

Low

8,867.13

2,773.65

Today's Cls

8,966.68

2,807.05

Prev Cls

9,001.75

2,807.15

Change

-35.07

-0.10

% Change

-0.39

0.00

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Gujarat NRE Coke

20.90

11.47

GVK Power

21.35

6.22

Everest Kanto

102.70

6.20

Hindalco

47.60

5.66

Financial Technologies

548.55

5.35

Losers

Akruti City

1,607.50

-27.83

Tulip Tele

370.90

-11.32

Jet Airways

160.60

-10.18

Ashok Leyland

16.55

-6.50

Tata Motors

160.90

-6.24

Market Statistics

-

BSE

NSE

Advances

1,245

584

Declines

1,219

582

Unchanged

105

59

Volume(Nos)

25.13cr

54.86cr

 Market Commentary 

Market flat

Sensex books modest losses after witnessing an intra-day swing of 133 points.

Market returned to stability in afternoon and gradually picked up momentum on healthy buying in metal stocks, but slipped into red on profit booking towards the close.  

 

Sensex started the day on a cautious note at 8951, down 51 points, tracing weak Asian markets. The market remained choppy thereafter but with a positive bias. It moved gradually up on sustained buying in front-line stocks to touch the day's high of 9000. However, a strong bout of selling thereafter saw the market dip into red towards the close but buying at lower levels helped Sensex to pare some of the losses. Sensex finally closed at 8967, down 35 points, while Nifty ended flat at 2807.

The market breadth was positive. Of the 2,569 stocks trading on BSE, 1,245 stocks advanced, 1,219 stocks declined and 105 stocks ended unchanged. Most of the sectoral indices ended in red. BSE Realty dropped 4.14% followed by BSE CG (down 2.54%), BSE Bankex (down 1.95%) and BSE Auto (down 1.32%). However, BSE Metal gained 1.61%, BSE FMCG rose 0.21% and BSE Oil & Gas gained 0.20%. 

Among Sensex stocks, Hindalco Industries was the lead gainer and its stock price soared 5.66% to Rs47.60. Among other stocks, ONGC advanced 3.41% to Rs755.05 and Tata Steel jumped 1.67% to Rs171 while Sun Pharmaceutical Industries, HDFC, Hindustan Unilever, Reliance Communications, HDFC Bank, Tata Power and Sterlite Industries closed with marginal gains. Among laggards, Tata Motors slipped 6.24% to Rs160.90, ICICI Bank lost 4.50%, Larsen & Toubro declined 4.01% and Maruti Suzuki India shed 2.59% to Rs711.30. Bharat Heavy Electricals declined by 2.32% at Rs1379.90, State Bank of India fell by 1.51% to Rs953.55 and DLF lost 1.30% to Rs171.10. 

Over 1.28 crore shares of Firstsource Solutions changed hands on BSE followed by Cals Refineries (1.05 crore shares), Satyam Computer Services (0.95 crore shares), Gujarat NRE Coke (89 lakh shares) and Reliance Natural Resources (88 lakh shares).

European Indices at 16:00 IST on 20-03-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

3799.93

-17.00

-0.45

CAC 40 Index

2738.65

-38.34

-1.38

DAX INDEX

4014.52

-28.94

-0.72

Asian Indices at close on 20-03-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

7945.96

-26.21

-0.33

Hang Seng Index

12833.51

-297.41

-2.26

Kospi Index

1170.94

9.13

0.79

Straits Times Index

1596.92

-12.06

-0.76

Jakarta Composite Index

1360.89

19.28

1.44

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