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Post-market: Choppy, marginally down
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Tuesday, August 4, 2009 |
| | Index Performance | Index | Sensex | Nifty | Open | 15,940.10 | 4,706.25 | High | 16,002.46 | 4,731.45 | Low | 15,699.13 | 4,642.60 | Today's Cls | 15,830.98 | 4,680.50 | Prev Cls | 15,924.23 | 4,711.40 | Change | -93.25 | -30.90 | % Change | -0.59 | -0.66 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | India Cements | 154.60 | 7.81 | Videocon Industries | 194.15 | 6.73 | Castrol India | 468.00 | 6.44 | Max India | 216.70 | 6.17 | UCO Bank | 46.20 | 5.36 | Losers | Adani Enter | 783.55 | -5.43 | Punj Lloyd | 241.00 | -4.74 | Biocon | 230.35 | -4.46 | Tata Power | 1,298.20 | -4.42 | HCC | 115.15 | -4.40 | | Market Statistics | - | BSE | NSE | Advances | 1,480 | 619 | Declines | 1,242 | 605 | Unchanged | 72 | 38 | Volume(Nos) | 48.49cr | 103.44cr | | | | | Market Commentary | | Choppy, marginally down | Sensex gyrates 300 points in intra-day trades to drop 93 points at close. | Despite US indices closing in the green, the Indian stock market seemed to have lost steam after a strong opening. The benchmark opened with a positive gap of 16 points at 15940 | | | and touched the day's high of 16002 within a few minutes of trading on brisk buying in heavyweights. However, it shed its early gains on account of heavy selling in realty, teck, health care and power stocks and entered the negative territory by afternoon. The Sensex swung between negative and positive thereafter, as investors turned cautious due to lack of clarity. The Sensex tumbled below the 15700 mark towards afternoon session to touch the intra-day low of 15699 amid relentless selling pressure, but buying at lower levels helped the Sensex pare some of the losses. The Sensex finally closed at 15831, down 93 points, while Nifty ended 31 points down at 4681.
However the market breadth was firm, as gainers outpaced losers. Of the 2,794 stocks traded on the BSE, 1,480 stocks advanced, whereas 1,242 stocks declined. Seventy two stocks ended unchanged. Of the 13 sectoral indices on the BSE only four were up and that only marginally. BSE CD (up 1.41%), BSE Auto (up 0.51%), BSE FMCG (up 0.36%) and BSE Oil & Gas were up for the day. BSE Teck dropped 1.41% followed by BSE HC (down 1.35%), BSE Power (down 1.28%), BSE Realty (down 1.20%) and BSE IT (down 1.10%). Most of the index heavyweights witnessed correction. Among the Sensex majors, Tata Motors tumbled 4.42% to Rs1,298.20, Oil and Natural Gas Corporation dropped 2.98% to Rs1,141.05, Reliance Infrastructure lost 2.78% to trade at Rs1,188.80, Bharti Airtel slumped 2.57% to Rs400.55, Reliance Communications slipped 2.55% to Rs282.50, JP Associates shed 2.33% to Rs244.75, DLF lost 1.80% to Rs398.35, Wipro fell 1.77% to Rs482.35, Tata Steel crumbled 1.77% to Rs475.05 and HDFC Bank dipped 1.58% to Rs1,470.15. Other front-line stocks lost around 1% each. However, select counters saw some buying and ended with gains. Hindalco Industries advanced 4.39% to Rs112.95 while Hindustan Unilever, Tata Motors, Reliance Industries, Maruti Suzuki India, Mahindra & Mahindra ended with modest gains.
Mahindra Satyam was the most traded share on the BSE with over 1.84 crore shares changing hands on the BSE followed by Ispat Industries (1.83 crore shares), Suzlon Energy (1.59 crore shares), Unitech (1.56 crore shares) and Hindalco Industries (1.23 crore shares).
In value terms Reliance Capital was the most actively traded counter with a turnover of Rs219 crore followed by Mahindra Satyam (Rs198 crore), Reliance Industries (Rs191 crore), ICICI Bank (Rs178 crore) and Tata Motors (Rs176 crore).
| | | | | | | | European Indices at 16:00 IST on 04-08-2009 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 4642.93 | -39.53 | -0.84 | CAC 40 Index | 3454.69 | -23.11 | -0.66 | DAX INDEX | 5383.21 | -43.64 | -0.80 | | | | | | | | Asian Indices at close on 04-08-2009 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 10375.04 | 22.54 | 0.22 | Hang Seng Index | 20796.43 | -10.83 | -0.05 | Kospi Index | 1566.37 | 1.39 | 0.09 | Straits Times Index | 2648.76 | -32.88 | -1.23 | Jakarta Composite Index | 2360.09 | 21.29 | 0.91 | Shanghai Composite | 3471.40 | 8.80 | 0.26 | | | | | | | | To know more about our products and services, click here. | | | | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN." | To unsubscribe write to myaccount@sharekhan.com
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posted by Anonymous @ 5:18 AM |
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