Sharekhan Post-Market Report dated September 04, 2008

 

 

Sharekhan's daily newsletter September 04, 2008 Index Performance Index Sensex Nifty Open 14,895.85 4,512.95 High 14,994.15 4,514.60 Low 14,766.01 4,419.45 Today's Cls 14,899.10 4,447.75 Prev Cls 15,049.86 4,504.00 Change -150.76 -56.25 % Change -1.00 -1.25   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers KSK Energy 215.70 9.02 Akruti City 962.15 7.60 Aban Offshore 2,214.95 5.33 UCO Bank 42.40 4.56 Piramal Healthcare 345.00 3.71 Losers GMDC 206.20 -14.51 Indiabulls Real Estate 289.35 -10.24 GSPL 59.85 -7.07 GE Shipping 363.90 -5.27 Indiabulls Securities 62.30 -4.67 Market Statistics - BSE NSE Advances 1,332 765 Declines 1,259 791 Unchanged 94 43 Volume(Nos) 25.19cr 47.67cr  Market Commentary  Unable to pass the baton Taking cue from weak international markets, the Sensex loses over 1% due to heavy selling in heavyweights, realty and FMCG stocks. The market failed to capitalise on the 551-point gain on Tuesday, as weak Asian indices and overnight fall on the US bourses weighed on sentiment.     Barring information technology (IT), health care (HC) and automobile sectors, all other sectors witnessed selling. The benchmark BSE-30 Sensex opened 154 points lower at 14,896 and never recovered from the early slump. While the market moved in a range below 15,000 for the better part of the trading session, the index witnessed a steep fall towards the closing hours and nearly breached the 14,800 mark to touch the day's low of 14,766. The Sensex pared losses on selective gains and ended the session with losses of 151 points at 14,899, while the Nifty declined 56 points to close at 4,448.  The breadth of the market was strong. Of the 2,685 stocks traded on the BSE 1,332 stocks advanced, 1,259 stocks declined and 94 stocks ended unchanged. Among the sectoral indices, the BSE Reality dropped sharply and lost 3.20%, while the BSE FMCG, the BSE Oil & Gas, the BSE Metal and the BSE Power were down over 1% each. The BSE IT was the major gainer and gained 0.46% followed by the BSE HC and the BSE Auto. Over 1.88 crore shares of Austral Coke changed hands on the BSE followed by Reliance Natural Resources (1.24 crore shares), Resurgere Mines and Minerals India (0.91 crore shares), IFCI (0.71 crore shares) and Dish TV (0.67 crore shares). European Indices at 16:46 IST on 04-09-2008 Index Level Change (pts) Change (%) FTSE 100 Index 5528.10 28.40 0.52 CAC 40 Index 4417.18 -29.95 -0.67 DAX Index 6402.91 -64.58 -1.00 Asian Indices at close on 04-09-2008 Index Level Change (pts) Change (%) Nikkei 225 12557.66 -131.93 -1.04 Hang Seng Index 20389.48 -195.58 -0.95 Kospi Index 1426.43 -0.46 -0.03 Straits Times Index 2626.05 -80.48 -2.97 Jakarta Composite Index 2075.23 -40.76 -1.93

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