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Sharekhan Post-Market Report dated December 19, 2008

Friday, December 19, 2008

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December 19, 2008
Index Performance
Index

Sensex

Nifty
Open 10,001.33 3,063.00
High 10,188.54 3,106.80
Low 9,987.42 3,036.30
Today's Cls 10,099.91 3,077.50
Prev Cls 10,076.43 3,060.75
Change 23.48 16.75
% Change 0.23 0.55
 

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

Gainers

Unitech 44.25 16.14
EIH 135.10 13.29
Gammon India 72.35 12.43
Jet Airways 186.80 11.92
BGR Energy 155.30 11.77

Losers

NALCO 185.45 -8.01
Jindal Steel 899.80 -5.79
Bajaj Hindusthan 62.55 -5.51
Deccan Chronicle 51.80 -4.69
Ambuja Cements 71.05 -4.63
Market Statistics
- BSE NSE
Advances 1,482 696
Declines 1,033 488
Unchanged 84 46
Volume(Nos) 42.01cr

87.32cr

 Market Commentary 
Flat at finish
After an intra-day swing of 202 points Sensex ends flat.
In a spiritless trading session, the market displayed a range-bound movement with select bouts of buying and selling.    
After opening 75 points lower than its previous close of 10,076, Sensex dipped further to touch an intra-day low of 9,987. In mid-session, the market remained stable, however sentiment turned bullish towards the end of session and Sensex rose to the high of the day (10,189). However on the back of selective stocks the index ended on a flat note at 10,100, up only 23 points. Nifty advanced 17 points to close at 3,078. The market breadth was positive. Of the 2,599 stocks traded on the BSE, 1,482 stocks rose whereas 1,033 stocks fell. The remaining 84 stocks ended unchanged. 

Among sectoral indices, BSE Realty flared up 10.57%, BSE Auto rose 1.79% and BSE CD moved up 1.59%. The remaining indices except BSE Oil & Gas gained 0.08-1% each.

Among gainers, DLF flared up 10.80% at Rs307.35, JP Associates moved up 6% at Rs89.20, Mahindra & Mahindra jumped 4.23% at Rs321.20, Sterlite Industries gained 3.62% at Rs280.70, Hindustan Unilever scaled up by 3.61% at Rs265.45, Tata Motors was up 3.28% at Rs179.30, Reliance Infrastructure gained 3.08% at Rs179.30 and Tata Steel advanced up 3.04% at Rs228.85. Reliance Communications, Maruti Suzuki India, Bharti Airtel, Tata Power, Larsen & Toubro and Infosys Technologies reported steady gains. However, Satyam Computer Services dropped 3.87% at Rs162.80, ONGC shed 3.23% at Rs709.15 and ACC dipped 2.33% at Rs496.30. HDFC, ITC and HDFC Bank were marginally down. 

Over 4.24 crore shares of Unitech changed hands followed by Reliance Natural Resources (2.83 crore shares), Suzlon Energy (2.50 crore shares) and GVK Power & Infrastructure (2.02 crore shares). 


European Indices at 16:00 IST on 19-12-2008
Index Level Change (pts) Change (%)
FTSE 100 Index 4283.16 -47.50 -1.10
CAC 40 Index 3189.38 -44.77 -1.38
DAX Index 4699.85 -56.55 -1.19
Asian Indices at close on 19-12-2008
Index Level Change (pts) Change (%)
Nikkei 225 8588.52 -78.71 -0.91
Hang Seng Index 15127.51 -370.30 -2.39
Kospi Index 1180.97 5.06 0.43
Straits Times Index 1795.47 -3.48 -0.19
Jakarta Composite Index 1348.28 -3.47 -0.26

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