Wednesday, January 6, 2010

Post-market: Metals keep spirits up on second day

 

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January 05, 2010
Index Performance
Index

Sensex

Nifty
Open 17,555.77 5,277.15
High 17,729.78 5,288.35
Low 17,555.77 5,242.40
Today's Cls 17,686.24 5,277.90
Prev Cls 17,558.73 5,232.20
Change 127.51 45.7
% Change 0.73 0.87
 

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

Gainers

National Aluminium 505.20 14.81
JSW Steel 1,134.00 10.82
MTNL 85.65 10.30
Gujarat NRE Coke 92.30 7.89
Shipping Corp 159.45 7.74

Losers

Videocon Industries 248.55 -2.83
Maruti Suzuki 1,515.60 -2.27
Central Bank 157.00 -2.12
Tata Motors 810.95 -1.99
Fortis Health 141.40 -1.67
Market Statistics
- BSE NSE
Advances 1,780 1,116
Declines 1,104 585
Unchanged 78 45
Volume(Nos) 70.39cr

114.39cr

 Market Commentary 
Metals keep spirits up on second day
Domestic indices continue to surge on the third straight session and the second day of 2010 on strong global markets combined with tremendous buying in metals.
Events Update
Godrej Properties listed on the BSE at Rs510, at 5% premium on the issue price. The stock touched day?s low of Rs500 and day?s high was Rs586.70. In today?s trade, the stock closed at Rs534.55 
 
up by 9.09% with a volume of 52,56,086 shares on the BSE.  

Global signals
The European indices opened weak. At the time of writing this report FTSE 100 was trading almost flat, only 0.03% higher.

Among major Asian indices, all the indices closed higher, except Kospi that fell marginally by 0.33%. SGX Nifty rose 31 points.

US stock futures opened marginally lower on Tuesday, as investors keep an eye on Auto & Truck Sales number for December and Pending Home sales number of November.

Indian indices
On strong overseas markets and robust buying in metals, Indian indices continued their northbound journey. The Sensex that opened 3 points lower at 17556 and never saw that level again. The day?s high was 17730. At finishing line, Sensex closed at 17686, 127 points higher. Nifty closed 46 points higher at 5278.

Market sentiment
The market breadth, the number of advancing shares to declining shares, was positive. Of the total 2,962 stocks traded on the BSE, 1,780 stocks advanced, whereas 1,104 stocks declined. Seventy eight stocks closed unchanged.

Sectoral & stock screening
Aluminium, copper or steel?it was the day of metals. The sector index, BSE Metal, was up by 3.82%. BSE Realty was up by 1.14%. The remaining indices bar BSE Auto that was down by 0.25% were up marginally. 

National Aluminium Ltd (NALCO) was the star stock of the day being up by 14.84% for the day to be followed by JSW Steel that was up by 10.82% and MTNL that rose by 10.30%. On losers list, Videocon Industries topped, down by 2.83% at the closing, followed by Maruti Suzuki that fell by 2.27% and Central Bank of India that shed 2.12%.

Viewing volumes
IFCI, industrial finance company, saw highest trading with over 1.17 crore shares changing hands on the BSE, followed by Reliance Natural Resources (1.10 crore shares), wind turbine maker Suzlon Energy (0.98 crore shares), Ispat Industries (0.97 crore shares) and Essar Oil (0.64 crore shares). 

Today's major news

  • JSW Energy plans Rs40,000 crore investment; the stock shoots up 11.91%

  • MIC Electronics secures orders worth Rs14.15 crore; the stock closes 1.26% lower

  • Sadbhav Engineering bags project worth Rs1,350 crore; the stock rises 1.76%

  • Mahindra & Mahindra to sell Navistar trucks by March; the stock surges 1.86%

  • JSW Steel?s Q3 crude steel production grew by 88%; the stock jumps 10.82% 

European Indices at 16:00 IST on 05-01-2010
Index Level Change (pts) Change (%)
FTSE 100 Index 5514.56 14.22 0.26
CAC 40 Index 4017.50 3.53 0.09
DAX INDEX 6047.80 -0.50 -0.01
Asian Indices at close on 05-01-2010
Index Level Change (pts) Change (%)
Nikkei 225 10681.83 27.04 0.25
Hang Seng Index 22279.58 456.3 2.09
Kospi Index 1690.62 -5.52 -0.33
Straits Times Index 2920.28 25.73 0.89
Jakarta Composite Index 2605.28 29.86 1.16
Shanghai Composite 3277.14 14.54 0.45

 

 

 

 

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