Wednesday, January 9, 2008

Sharekhan Post-Market Report dated January 09, 2008


 
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January 09, 2008
Index Performance
Index

Sensex

Nifty
Open 20,903.00 6,287.55
High 21,113.13 6,338.30
Low 20,701.49 6,231.25
Today's Cls 20,869.78 6,272.00
Prev Cls 20,873.33 6,287.85
Change -3.55 -15.85
% Change -0.02 -0.25
 

Market Indicators
Top Movers (Group A)
Company Price 
(Rs)
%
chg

Gainers

HDIL 1,357.75 12.19
Aditya Birla Nuvo 2,314.30 8.56
i-flex 1,585.40 8.18
BOI 400.45 7.42
Punjab Tractors 338.30 6.28

Losers

Parsvnath Developers 505.75 -8.08
RPL 232.05 -5.90
BPCL 463.50 -5.63
HCL Infosys 251.30 -5.19
RCF 128.30 -5.00
Market Statistics
- BSE NSE
Advances 763 337
Declines 2,129 856
Unchanged 20 8
Volume(Nos) 62.16cr

75.17cr

 Market Commentary 
Market trips on volatile moves
The market ended in the red after witnessing an intra-day swing of 412 points.
The market remained under the grip of strong volatile moves as key indices kept swinging between positive and negative zones through the session.    
After resuming slightly above its last close at 20,903, the market snapped gains in early trades before frenzied buying propelled the index to an intra-day high of 21,113. While the market failed to make any further impact thereafter, the index drifted into the red once again in noon trades to touch the day's low of 20,701. The Sensex, after witnessing an intra-day swing of 412 points, ended 4 points down at 20,870, while the Nifty declined 16 points to close at 6,272.

Movers & Shakers

  • Sterlite Technologies dropped despite announcing that Sterlite Power Conductors has commissioned India's first 765kV power transmission line.
  • ICRA Ltd failed to gain despite entering in MoU with State Bank of Mysore to rate bank loans under RBI's New Capital Adequacy Framework for Basel-Il.
  • Taneja Aerospace & Aviation moved up on a report that the Company entered into MRO facility agreement with AWACS.
  • iGate Global Solutions Ltd, which announced a net profit of Rs27.48 lakh in Q3 results, moved up marginally.


The market breadth ended weak. Of the 2,912 stocks traded on the BSE, 2,129 stocks declined, 763 stocks advanced and 20 stocks ended unchanged. In a volatile market, the BSE Realty index rose 0.61% while the BSE CD index, the BSE Teck index, the BSE Power index and the BSE IT index ended with steady gains. Other sectoral indices, however, ended at lower levels.

Dragging the Sensex, M&M shed 2.67% at Rs807.90, BHEL dipped 2.02% at Rs2,443.80, ONGC lost 1.76% at Rs1,298.65 and ICICI Bank was down 1.73% at Rs1,310.45. Ranbaxy, ACC, Maruti, ITC, RIL and Tata Motors were down 1% each. NTPC, however, advanced 4.49% at Rs277.15 , HDFC moved up 3.59% at Rs3,174.25 and Reliance Communications moved up 2.05% at Rs820.80. Hindalco, HDFC Bank and DLF ended with steady gains.

Among the Realty stocks HDIL led the momentum with 12.19% at Rs1,357.75 , Mahindra Life, Anant Raj, DLF, Sobha Developers, Indiabulls Realty, Peninsula Land and Puravankara Projects gained 0.13-3.84% each. Power stocks CESC, Siemens, Torrent Power and REL rose over 2-4% each.

Over 1.81 Crore Ispat Industries shares changed hands on the BSE followed by RPL (1.39 Crore shares), Ashok Leyland (75.30 lakh shares), NTPC (57.85 lakh shares) and Spice Tele (37.83 lakh shares).

Reliance Capital was the most actively traded counter on the BSE with a turnover of Rs369 crore followed by RPL (Rs331 crore), Reliance Communications (Rs308 crore), REL (Rs222 crore) and RIL (Rs160 crore). 

European Indices at 16:28 IST on 09-01-2008
Index Level Change (pts) Change (%)
FTSE 100 Index 6295.80 -60.70 -0.95
DAX Index 7804.21 -45.78 -0.58
Asian Indices at close on 09-01-2008
Index Level Change (pts) Change (%)
Nikkei 225 14599.16 70.49 0.49
Hang Seng Index 27615.85 502.95 1.86
Kospi Index 1844.47 18.24 1.00
Straits Times Index 3344.53 6.26 0.19
Jakarta Composite Index 2830.26 44.64 1.60

 

 



 

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