Sharekhan Post-Market Report dated December 10, 2008

 

Sharekhan's daily newsletter   December 10, 2008   Index Performance Index Sensex Nifty Open 9,316.40 2,785.70 High 9,678.70 2,940.15 Low 9,280.16 2,785.70 Today's Cls 9,654.90 2,928.25 Prev Cls 9,162.62 2,784.00 Change 492.28 144.25 % Change 5.37 5.18   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers DLF 262.65 18.93 Lanco Infra 145.30 17.56 SAIL 79.65 15.77 M&M 286.65 15.47 Century Textiles 163.45 15.15 Losers Glenmark Pharma 262.05 -6.99 MMTC 9500.00 -2.83 Rolta India 130.55 -2.50 Cummins India 198.00 -2.44 Marico 49.30 -2.18 Market Statistics - BSE NSE Advances 1,530 819 Declines 876 355 Unchanged 121 53 Volume(Nos) 31.14cr 72.34cr  Market Commentary  Buoyancy afloat Sensex clocks decent gains to close at 9,655 amid buying in heavyweights, realty, metal, oil & gas and capital goods stocks. The north-bound trend remained intact for the second straight session, with the Sensex registering smart gains on buying in heavyweights and other sectoral stocks.     After opening with sharp gains of over 153 points over its last close at 9,316, the Sensex remained in the green and rallied past 9,650 to touch an intra-day high of 9,679 in early trades. However, the initial upsurge failed to gather momentum, as the index pared gains and later slowed down on lack of further buying interest. The Sensex ended the session with gains of 492 points at 9,655. The Nifty gained 144 points to close at 2,928.  The market breadth was positive. Of the 2,527 stocks traded on the BSE, 1,530 stocks advanced, whereas 876 stocks declined. Hundred and twenty one stocks ended unchanged. On sectoral front, BSE Realty surged 12.56% followed by BSE Metal (up 8.38%), BSE Oil & Gas (up 6.97%) and BSE CG (up 4.51%). The remaining indices ended with gains of 0.79% to 4% each. Among the gainers in heavyweights, DLF advanced 18.93% at Rs262.65, Mahindra & Mahindra rose 15.47% at Rs286.65, Grasim Industries flared up 13.66% at Rs1,098.50, Tata Steel scaled up 10.92% at Rs217.40, Reliance Communications added 10.24% at Rs228.25, ACC jumped 9.92% at Rs476.40 and Wipro gained 9.80% at Rs261.65. Only Ranbaxy dropped (1.08% at Rs210.75) for the day.  Over 3.21 crore shares of Unitech changed hands on the BSE followed by Suzlon Energy (2.04 crore shares), HDIL (1.47 crore shares), GVK Power & Infrastructure (1.46 crore shares) and DLF (1.14 crore shares). European Indices at 16:00 IST on 10-12-2008 Index Level Change (pts) Change (%) FTSE 100 Index 4347.46 -33.80 -0.77 CAC 40 Index 3284.86 -12.94 -0.39 DAX Index 4778.58 -0.53 -0.01 Asian Indices at close on 10-12-2008 Index Level Change (pts) Change (%) Nikkei 225 8660.24 264.37 3.15 Hang Seng Index 15577.74 824.52 5.59 Kospi Index 1145.87 40.03 3.62 Straits Times Index 1821.70 67.12 3.83 Jakarta Composite Index 1315.89 49.77 3.93

 

 

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