Sensex

Wednesday, January 28, 2009

DG - FW: Sharekhan Post-Market Report dated January 28, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 28 January 2009 16:10
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 28, 2009

 

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Visit us at www.sharekhan.com

 

January 28, 2009

 

Index Performance

Index

Sensex

Nifty

Open

9,077.65

2,771.10

High

9,270.75

2,855.40

Low

9,053.80

2,765.60

Today's Cls

9,257.47

2,849.50

Prev Cls

9,004.08

2,771.35

Change

253.39

78.15

% Change

2.81

2.82

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

NMDC

171.00

16.21

Max India

124.65

15.58

United Spirits

571.80

15.17

Zee Enter

110.95

13.27

Unitech

30.85

13.21

Losers

Glenmark Pharma

141.15

-24.98

Essar Shipping

29.00

-3.81

EIH

97.55

-3.70

Maruti Suzuki

520.50

-3.15

Asian Paints

780.35

-3.12

Market Statistics

-

BSE

NSE

Advances

1,403

717

Declines

1,025

447

Unchanged

102

52

Volume(Nos)

32.23cr

73.09cr

 Market Commentary 

Unabated rally 

Market rallies sharply above 9,200 mark on strong buying in realty, metal, and banking stocks.

The market displayed tremendous strength on firming global cues. Sensex went into a major recovery mode after last week’s fall and surged by over 250

 

points during intra-day trades. Rally in Asian markets cheered investors and Sensex had a gap-up opening at 9078, up 74 points. Realty, metal and banking stocks led the rally and the respective indices posted over 3-6% gains on BSE. Firm open in major European indices and positive close in European markets also helped the sentiment remain bullish, with Sensex crossing 9200-mark by afternoon and maintaining upwards bias thereafter. Sustained buying in frontline stocks saw Sensex surge past 9250 mark to touch the day's high of 9271 towards close. Sensex ended the session by gaining 253 points or 2.81% up at 9257, while the Nifty added 78 points 2850.

The breadth of the market was positive. Of the 2,530 stocks traded on the BSE 1,403 stocks advanced, 1,025 stocks declined and 102 stocks ended unchanged. Among sectoral indices BSE Realty flared up by 6.32%, BSE Metal rose 4.44% and BSE Bankex moved up by 3.79%. Other indices also ended with gains over 1-3% each.

All Sensex stocks except a few ended at higher levels. Ranbaxy Laboratories flared up 7.56% at Rs213.50, ICICI Bank shot up by 7.08% at Rs408.35, DLF zoomed 6.63% at Rs177.70, Tata Motors moved up by 4.60% at Rs146.75, Mahindra & Mahindra scaled up 4.28% at Rs283.85, HDFC surged by 4.02% at Rs1,504.60, Reliance Industries jumped by 3.76% at Rs1273.15 and Wipro gained 3.63% at Rs234.35. While Maruti Suzuki India lost 3.15% at Rs520.50, Reliance Communications slipped 3.03% at Rs166.40 and Sterlite Industries moved down 0.41% at Rs266.70.

Over 8.19 crore shares of Satyam Computer Services changed hands on the BSE followed by Unitech (2.54 crore shares), Suzlon Energy (1.16 crore shares), HDIL (92 lakh shares) and Reliance Natural Resources (81 lakh shares).

European Indices at 16:00 IST on 28-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4264.76

70.57

1.68

CAC 40 Index

3021.41

6.88

2.26

DAX INDEX

4439.40

116.13

2.68

Asian Indices at close on 28-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8106.29

45.22

0.56

Hang Seng Index

12578.60

-

-

Kospi Index

1157.98

64.58

5.91

Straits Times Index

1766.08

80.85

4.80

Jakarta Composite Index

1321.45

-15.18

-1.14

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“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.”

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DG - FW: Sharekhan Post-Market Report dated January 27, 2009

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 January 2009 16:15
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 27, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

Error! Filename not specified. 

January 27, 2009

 

Index Performance

Index

Sensex

Nifty

Open

8,803.07

2,686.05

High

9,021.97

2,777.30

Low

8,789.06

2,685.25

Today's Cls

9,004.08

2,771.35

Prev Cls

8,674.35

2,678.55

Change

329.73

92.80

% Change

3.80

3.46

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

IB Securities

20.60

19.08

Oracle Financial

566.10

15.64

Jindal Steel

875.50

12.52

Rolta India

82.55

12.16

Sterlite Industries

267.80

11.84

Losers

Asian Paints

805.50

-12.69

Divis Lab

851.10

-8.46

Yes Bank

58.45

-7.95

Biocon

100.30

-7.30

Glenmark Pharma

188.15

-7.22

Market Statistics

-

BSE

NSE

Advances

1,217

632

Declines

1,168

543

Unchanged

100

42

Volume(Nos)

25.81cr

57.15cr

 Market Commentary 

On track after week 

Market rallies sharply and closes above 9000 mark on sharp appreciation in metal, power, teck and IT stocks.

After a subdued trend last week, Sensex staged a recovery today and Nifty scaled high. Bulls were back in action after closing flat on Friday, as the market

 

registered sharp gains on the back of all-round buying support. Taking cue from buoyant international indices, Sensex resumed 129 points above its previous close at 8803 on the back of strong buying in heavyweight, metal and fast moving power stocks. This buoyancy triggered a major rally that propelled the index to an intra-day high of 9022 in afternoon. Though Sensex held firm above 8900 for a major portion of the trading session, it finally closed at 9004, up 330 points. Nifty advanced 93 points at 2771.

The breadth of the market was positive on BSE. Of the 2,485 stocks traded on BSE 1,217 stocks advanced, 1,168 stocks declined and 100 stocks ended unchanged. All the sectoral indices on BSE ended positive. BSE Metal ended firm with gains of 5.55% while BSE Power rose 4.66%. BSE Teck added 4.39% and BSE IT added 4.05%. While BSE Oil, BSE Bankex, BSE Realty and BSE Teck ended in the positive territory.

Action in several index heavyweights lifted the market. Sterlite Industries led the pack and shot up by 11.84% at Rs267.80. Reliance Energy soared 11.14% at Rs539.60, Reliance Communications surged 7.15% at Rs171.60, Sun Pharmaceutical Industries flared up by 6.43% at Rs1075.85, Reliance Industries jumped by 6.41% at Rs1227, National Thermal Power Corporation added 5.99% at Rs190.15, Ranbaxy Laboratories advanced by 5.87% at Rs198.50, Wipro moved up by 5.75% at Rs226.15 and Bharti Airtel was up 5.21% at Rs647.75.

Over 4.84 crore shares of Satyam Computer Services changed hands on BSE followed by Unitech (1.17 crore shares), GVK Power & Infrastructure (0.88 crore shares), Reliance Natural Resources (71.40 lakh shares) and United Spirits (70.60 lakh shares).

Valuewise, United Spirits registered a turnover of Rs327 crore on BSE followed by Satyam Computer Services (Rs225 crore), Reliance Industries (Rs212 crore), Educomp Solutions (Rs131 crore) and Reliance Infrastructure (Rs128 crore).

European Indices at 16:00 IST on 27-01-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4187.35

-21.66

-0.51

CAC 40 Index

2956.84

1.47

0.15

DAX INDEX

4343.42

16.90

0.39

Asian Indices at close on 27-01-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8061.07

378.93

4.93

Hang Seng Index

12578.60

-

-

Kospi Index

1093.40

-

-

Straits Times Index

1685.23

-

-

Jakarta Composite Index

1333.63

21.05

1.60

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“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

 

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