Sharekhan Post-Market Report dated December 11, 2008

 

Sharekhan's daily newsletter   December 11, 2008   Index Performance Index Sensex Nifty Open 9,679.32 2,934.05 High 9,746.01 2,945.30 Low 9,441.97 2,861.55 Today's Cls 9,645.46 2,920.15 Prev Cls 9,654.90 2,928.25 Change -9.44 -8.10 % Change -0.10 -0.28   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers RNRL 54.75 25.72 GE Shipping 192.60 15.71 Jet Airways 153.05 12.58 Shipping Corporation 80.90 12.13 Indiabulls Real Estate 128.60 10.77 Losers TCS 507.65 -6.24 Satyam Computer 224.35 -5.18 Dr Reddy's 460.05 -5.04 Titan Industries 830.70 -4.98 Gail India 208.80 -4.96 Market Statistics - BSE NSE Advances 1,557 796 Declines 911 374 Unchanged 97 49 Volume(Nos) 38.58cr 84.43cr  Market Commentary  Flat for the day  Sensex ends flat after an intra-day swing of 304 points. The market was highly volatile, as stocks gyrated between negative and positive zones all through the trading session, with the 30-stock benchmark of BSE     witnessing an intra-day swing of 304 points. On the back of firm global indices, the Sensex began its initial trades on a positive note at 9,679, around 24 points above its previous close and rallied sharply above 9,700 level to touch an intra-day high of 9,746. Steady to firm selling pressure thereafter saw the index plunge deep into the red below 9,500- mark and touch the low of 9,442. However, the Sensex managed to erase most of its losses on buying in heavyweights and ended just nine points down at 9,645. The 50-stock index of NSE, Nifty, ended marginally down by eight points at 2,920.  The breadth of the market was positive. Of the 2,565 stocks traded on the BSE, 911 stocks declined, 1,557 stocks advanced and 97 stocks ended unchanged.  Of the 13 sectoral indices, five sectoral indices closed in positive. BSE Realty gained 2.12%, BSE Oil & Gas rose 1.67%, BSE Metal advanced 1.37% and BSE Bankex and BSE Auto traded with marginal gains. BSE IT dropped 3.90%, BSE CD fell 2.62% and BSE Teck shed 1.38% while BSE HC, BSE PSU, BSE Power, BSE FMCG and BSE CG were in the red at the close of trading. Selective buying helped the index overcome its losses. Jaiprakash Associates flared up 10.63% at Rs82.75, Sterlite Industries advanced 8.43% at Rs295.05, Reliance Communications rose 4.80% at Rs239.20 and ACC added 3.27% at Rs492. Reliance Industries Ltd, ICICI Bank, Reliance Infrastructure, Larsen & Toubro, ITC and Tata Steel witnessed steady gains. Selling was evident in select heavyweight counters. Tata Consultancy Services dropped 6.24% at Rs507.65, Satyam Computer Services declined 5.18% at Rs224.35, Wipro tumbled 4.45% at Rs250, Hindalco Industries shed 4.38% at Rs51.30, Infosys Technologies dipped 3.23% at Rs1,136, Bharat Heavy Electricals Ltd moved down by 2.75% at Rs1374.15 and DLF 2.28% at Rs256.65. Reality stocks gained sharply. Anant Raj Industries gained 19.95% at Rs69.45, Indiabulls Realestate advanced 10.77% at Rs128.60, Peninsula Land moved up by 8.08% at Rs21.40.  Over 3.33 crore shares of Reliance Natural Resources Ltd changed hands on the BSE followed by Suzlon Energy (2.46 crore shares), Unitech (2.15 crore shares), GVK Power & Infrastructure (2.12 crore shares) and JP Associates (1.63 crore shares). European Indices at 16:00 IST on 11-12-2008 Index Level Change (pts) Change (%) FTSE 100 Index 4338.45 -28.83 -0.66 CAC 40 Index 3290.45 -29.86 -0.90 DAX Index 4742.85 -62.03 -1.29 Asian Indices at close on 11-12-2008 Index Level Change (pts) Change (%) Nikkei 225 8720.55 60.31 0.70 Hang Seng Index 15613.90 36.16 0.23 Kospi Index 1154.43 8.56 0.75 Straits Times Index 1794.16 -27.54 -1.51 Jakarta Composite Index 1316.69 0.79 0.06

 

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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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