Monday, November 30, 2009

BSE, NSE and sectoral review 23-27 Nov 09

Once considered the magnet for international investment, Dubai is now repelling bulls world over. The debt problems in Dubai are having a cascading effect as panic sets in amongst most markets. The markets were waiting for an excuse to move up or down; and the Dubai default fear gave the bears reason to step in. Weak rollover in the December series also restricted markets from breaching its previous high. Finally, the BSE benchmark Sensex lost 2.3% to close at 16,632 while NSE Nifty ended the week down 2.2% to shut shop at 4,942. Sensex intra-week high of 17,290 and low of 16,210 Nifty intra-week high of 5,138 and low of 4,807 The Foreign Institutional Investors (FIIs) sold shares worth Rs1.6bn during the week. The Domestic Institutions were net sellers to the tune of Rs2.98bn during the week. The top gainers: The largest gainers in Sensex were Ranbaxy Labs Ltd (up 3.4%), Bharti Airtel (up 1.1%), Cipla Ltd (up 0.8%), Reliance Infrast (up 0.7%), Reliance Capital (up 0.5%), The Top Losers: The largest losers in Sensex were Ambuja Cements L (down 2.8%), Infosys Tech Ltd (down 2.7%), Larsen & Toubro (down 2.6%), Tata Consultancy (down 2.5%), ITC Ltd (down 1.9%), The BSE IT Index (down 3.8): The largest gainers in IT were HCL Tech Ltd (up 1.5%), Patni Computer (up 0.3%). The largest losers in IT were Satyam Computer (down 13.5%), Financial Techno (down 8.7%), Sasken Communica (down 5.8%), Mphasis Bfl Ltd (down 5.2%), Wipro Ltd (down 4.1%), The BSE Consumer Index: The largest losers in Consumer Durables were Mirc Electronics (down 10%), Su-Raj Diamonds (down 6%), Titan Inds Ltd (down 5.8%), Whirlpool (down 0.7%). The BSE Healthcare Index (up 0.9 %): The largest gainers in Pharma were Aurobindo Pharma (up 9.4%), Strides Arcolab (up 9.3%), Panacea Biotec (up 8.2%), Orchid Chem (up 5.4%), Ranbaxy Labs Ltd (up 5.1%). The largest losers in Pharma were Natco Pharma Ltd (down 5.8%), Suven Life Science (down 5.7%), Glenmark Pharma (down 4.9%), Astrazeneca Pharma (down 4.6%), The BSE Banking Index (down 3.2%): The gainer in Banking was Canara Bank (up 3.6%). The largest losers in were Andhra Bank (down 5.4%), ICICI Bank Ltd (down 5.1%), Karnataka Bank Ltd (down 5.1%), Oriental Bank Of Commerce (down 4.5%), Yes Bank Ltd (down 4.1%), HDFC Bank Ltd (0.2%), Punjab National Bank Ltd (0.5%), Union Bank Of India (up 0.8%), Indian Overseas Bank (1.4%), Private banking stocks declined sharply despite of reports stating government’s plan to move a bill early next year to amend a banking law for allowing foreign investors in private banks to have voting rights in proportion to their shareholdings. The BSE Auto Index (up 0.3%): The largest gainers in Auto were Hero Honda Motor (up 5.8%), Swaraj Mazda Ltd (up 5.5%), Bajaj Auto Ltd (up 5.1%), Maruti Suzuki In (up 1.6%). The largest losers in were Hindustan Motors (down 9.4%), Eicher Motors (down 7.1%), Ashok Leyland (down 5.1%), M&M (down 2%), Tata Motors Ltd (down 2%), The BSE Oil & Gas Index (down 0.5%): The largest gainers in oil & gas space were Bharat Petrol (up 11.7%), Gujarat Nre Coke (up 5.1%), Hindustan Petro (up 3.5%), GSPL (up 2.5%), Shiv-Vani Oil & (up 2.1%), The largest losers in oil & gas space were Hindustan Oil Exp (down 8.8%), Jindal Drilling (down 7.6%), Essar Oil Ltd (down 6.5%), Cairn India (down 5.1%), Mangalore Refine (down 3.8%), The BSE Capital Goods Index (down 2.3%): The largest gainers in Capital Goods were Bharat Electron (up 12.5%), Heg Ltd (up 7.4%), Lakshmi Machine (up 7.3%), Areva T&D India (up 3.7%), Carborundum Univ (up 3.2%), The largest losers in Capital Goods were Aban Offshore (down 9.9%), Astra Microwave (down 9.7%), Siemens India (down 7.4%), Gammon India Ltd (down 6.1%), Ingersoll Rand (down 4.9%), The Cement Sector: The largest gainers in Cement were Binani Indus Ltd (up 16.3%), India Cements (up 7.9%), Madras Cements (up 6.4%), Birla Corp Ltd (up 5.1%), Shree Cement (up 4.5%), The largest losers in Cement were Gujarat Sidhee (down 3%), Dalmia Cement (down 0.1%), Kakatiya Cement (down -0.5%), Mangalam Cement (down -0.5%), Jk Cements Ltd (down -1.1%), The Telecom Sector: The largest gainers in Telecom was Tata Communicati (up 5.9%). The largest losers in Telecom were Wire And Wireles (down 7.8%), Gemini Comm Ltd (down 7.5%), Himachal Futuris (down 6.2%), Reliance Com Ltd (down 4.2%), Idea Cellular (down 4.1%). The Sugar Sector: The largest gainers in the sector were Km Sugar Mills (up 11%), Simbhaoli Sugar (up -3.5%). The largest losers in the sector were Ravalgaon Sugar (down 13.7%), Simbhaoli Sugar (down 5.3%), Mawana Sugar (down 3.3%). The Realty Sector (down 6.3%): The largest losers in Real Estate were Anant Raj Indus (down 11.1%), Mahindra Lifespa (down 9.8%), Housing Developm (down 8.8%), Parsvnath Devel (down 7%), Dlf Limited (down 6.5%), The Metals sector (up 7.1%): The largest gainers in Metal were Tata Sponge Iron (up 4.2%), Monnet Ispat (up 1.7%). The largest losers in Metal were Ispat Industries (down 7.7%), Adhunik Metaliks (down 6.7%), Jindal Steel & P (down 6.6%), Bhuwalka Steel (down 6.5%), Lloyds Metals (down 5.1%), Source : IIFL Bought to you by Ingenious Investor Equity Research Division Ravina Consulting No.429 Mahavir Tuscan Near Hoodi Circle, Whitefield Mahadevapura Post BANGALORE 560048 Read - www.ingeniousinvestor.blogspot.com Follow us - www.twitter.com/smartinvestor