Sharekhan Post-Market Report dated December 16, 2008

 

Sharekhan's daily newsletter December 16, 2008   Index Performance Index Sensex Nifty Open 9,794.48 2,983.60 High 10,009.21 3,052.55 Low 9,790.31 2,963.30 Today's Cls 9,976.98 3,041.75 Prev Cls 9,832.39 2,981.20 Change 144.59 60.55 % Change 1.47 2.03   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers MMTC 13,200.80 20.00 Videocon Industries 125.15 19.99 GMDC 45.70 19.95 HCL Tech 122.95 17.99 Bajaj Hindusthan 66.65 16.83 Losers Sterlite Industries 285.95 -7.07 HDFC 1,545.40 -4.13 Sintex Industries 183.35 -4.08 Jain Irrigation 310.55 -4.06 MTNL 78.40 -3.21 Market Statistics - BSE NSE Advances 1,866 962 Declines 648 253 Unchanged 67 39 Volume(Nos) 37.79cr 77.28cr  Market Commentary  Sensex flirts with 10,000 The market notched up gains for third consecutive session on buying in consumer durables' and public sector units' stocks. The 30-stock Sensex of BSE began the trading session at 9,794, down 38 points from yesterday's close and moved up in early trades on buying in heavyweights.     However, the index eased on profit booking in metal stocks and touched an intra-day low of 9,790. Down the day, the index surged and touched an intra-day high of 10,009 on substantial buying in consumer durables, public sector units and oil stocks. The Sensex finally settled at 9,977, up 145 points. Nifty ended the session at 3,042, up 61 points.  The market breadth was positive. Of the 2,581 stocks traded on BSE, 1,866 stocks advanced whereas 648 stocks declined. Sixty seven stocks ended unchanged. Of 13 sectoral indices, BSE CD advanced 7.44% followed by BSE PSU (up 5.03%), BSE Oil & Gas (up 3.30%) and BSE HC (up 2.48%).  Most heavyweights ended in positive territory. ONGC rose 6.07% at Rs713.75, Grasim Industries advanced 4.59% at Rs1,227.60, ACC climbed 4.34% at Rs535.65, Tata Motors surged 4.33% at Rs164.95, HDFC Bank gained 4.10% at Rs984, Reliance Industries added 3.64% at Rs1,386.80, National Thermal Power Corporation jumped 3.50% at Rs1238.15, State Bank of India advanced 2.80% at Rs1238.15, Ranbaxy Laboratories added 2.50% at Rs219.10 and Tata Consultancy Services was up 2.37% at Rs480.75. Among the laggards, Sterlite Industries shed 7.07% at Rs285.95 and HDFC slipped 4.13% at Rs1545.40. Reliance Infrastructure, Reliance Communications, DLF, Larsen & Toubro and Tata Steel ended with marginal losses. Over 3.51 crore shares of Reliance Natural Resources changed hands on BSE followed by Unitech (2.29 crore shares), IFCI (2.24 crore shares), Reliance Petroleum (1.50 crore shares) and GVK Power & Infrastructure (1.46 crore shares). European Indices at 16:00 IST on 16-12-2008 Index Level Change (pts) Change (%) FTSE 100 Index 4316.41 38.85 0.91 CAC 40 Index 3228.61 42.95 1.35 DAX Index 4723.39 68.92 1.46 Asian Indices at close on 16-12-2008 Index Level Change (pts) Change (%) Nikkei 225 8568.02 -96.64 -1.12 Hang Seng Index 15130.21 83.26 0.55 Kospi Index 1161.56 3.37 0.29 Straits Times Index 1782.09 7.33 0.41 Jakarta Composite Index 1342.84 -16.44 -1.21

 

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