Sharekhan Post-Market Report dated October 01, 2008

 

Sharekhan's daily newsletter October 01, 2008   Index Performance Index Sensex Nifty Open 13,006.72 3,921.85 High 13,203.86 4,000.50 Low 12,697.30 3,861.25 Today's Cls 13,055.67 3,950.75 Prev Cls 12,860.43 3,921.20 Change 195.24 29.55 % Change 1.52 0.75   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Videocon Industries 222.85 13.87 Satyam Computer 318.75 7.47 Patni Computer 190.85 7.43 Gammon India 148.00 7.13 JP Associates 118.90 7.02 Losers KSK Energy 222.00 -6.74 Hindustan Construction 71.90 -6.68 JSW Steel 454.65 -5.32 Bajaj Finserv 364.10 -5.18 RCF 47.25 -5.12 Market Statistics - BSE NSE Advances 1,476 724 Declines 1,123 472 Unchanged 73 39 Volume(Nos) 23.65cr 46.15cr  Market Commentary  Volatile but buoyant Led by buying in IT and banking stocks, the Sensex recovered smartly in afternoon and ended firm at 13,056.  The market wiped out a loss of over 163 points incurred in the first half after a strong bout of buying led by information technology (IT)and banking stocks triggered a wide-spread buying.     The Sensex started the day 147 points higher at 13,007 following weakness in Asian indices and crashed to the day's low of 12,697 on relentless selling. While the market recovered thereafter, the Sensex witnessed a sharp turnaround in afternoon as gains in heavyweights, IT, banking and consumer durable stocks propelled it to an intra-day high of 13,204. After gyrating 507 points during the intra-day trades, the Sensex gained 195 points to close at 13,056, while the Nifty ended 30 points higher at 3,951.  The market breadth was positive. Of the 2,672 stocks traded on the BSE, 1,476 stocks advanced whereas 1,123 stocks declined. Seventy three stocks ended unchanged. The BSE IT index led the pack and gained 3.97% followed by BSE Bankex (up 3.23%) and BSE CD (up 2.95%). Satyam Computer Services was the star performer among the heavyweights and the stock soared 7.47% at Rs318.75. Among other major gainers, JP Associates advanced 7.02% at Rs118.90, HDFC Bank jumped 5.26% at Rs1,294, Grasim Industries rose 4.63% at Rs1,765.70 and Tata Power moved up by 4.46% at Rs946.50. Infosys Technologies advanced 4.03% at Rs1,453.90, ICICI Bank gained 3.10% at Rs551.45 and Tata Steel added 3.07% at Rs438.65. However, Larsen & Toubro, DLF and Reliance Industries inched lower. Over 1.23 crore shares of Reliance Natural Resources changed hands on the BSE followed by IFCI (0.81 crore shares), JP Associates (0.71 crore shares), Chambal Fertilisers and Chemicals (0.55 crore shares) and Ispat Industries (0.49 crore shares). European Indices at 17:30 IST on 01-10-2008 Index Level Change (pts) Change (%) FTSE 100 Index 4986.85 84.40 1.72 CAC 40 Index 4055.12 23.03 0.57 DAX Index 5822.30 -8.72 -0.15 Asian Indices at close on 01-10-2008 Index Level Change (pts) Change (%) Nikkei 225 11368.26 108.40 0.96 Hang Seng Index 18016.21 135.53 0.76 Kospi Index 1439.67 -8.39 -0.58 Straits Times Index 2358.91 0.00 0.00 Jakarta Composite Index 1832.50 -13.58 -0.74

 

 

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