Monday, March 8, 2010

Indian Stock Markets BSE, NSE Weekly review 08 Mar 2010

Colour and festivities continued during the Holi-day truncated week as the euphoria post-budget took the indices to over two-month highs. An improvement for India's merchandise exports for the third consecutive month spurred the sentiments of traders on Dalal Street.

Continuous buying by foreign institutions and robust monthly auto and cement numbers added reasons for the Street to rejoice. Finally, the BSE Sensex added 3.4% to end at 16,994 and NSE Nifty surged 3.4% to end at 5,089.

The BSE Sensex hit an intra-week high of 17,098 and low of 16,524 while, NSE Nifty hit intra-week high of 5,119 and low of 4,935.

The top gainers: The top gainers in the Sensex were Tata Motors (up 11.7%), Tata Power (up 9.7%), Tata Steel (up 7.6%), Bharti Airtel (up 6.8%) and DLF (up 6.1%).

The Top Losers: The top losers in the Sensex were ONGC (down 2.1%), Ranbaxy Labs (down 0.3%) and Maruti Suzuki (down 0.2%).

The BSE IT Index (up 1.1%): The top gainers in the IT sector were Sasken Communication (up 7.8%), Mahindra Satyam (up 4.8%), Patni Computer (up 3.5%), Oracle Financial (up 3.4%) and Financial Tech (up 3.1%).

HCL Tech fell 2.2% during the week.

The BSE Consumer Index: The top gainers in the consumer durables sector were Samtel Color (up 9.9%), Whirlpool (up 8.7%), Videocon Industries (up 6.7%), Mirc Electronics (up 5%) and Titan (up 4.8%).

The BSE Healthcare Index (up 2.8%): The top gainers in the Pharma space were Strides Arcolab (up 9%), Panacea Biotec (up 7.2%), Aurobindo Pharma (up 7%), Wockhardt (up 6.7%) and IPCA Labs (up 6.5%).

The BSE Banking Index (up 3.8%): The top gainers in the banking space were Karnataka Bank (up 14.4%), OBC (up 12.7%), Canara Bank (up 9.4%), Union Bank of India (up 8.3%) and Kotak Mahindra Bank (up 7.7%).

The top loser was Axis Bank during the week. The stock fell 1.9%.

The BSE Auto Index (up 5.3%): The top gainers in the auto space were Hindustan Motors (up 14%), Tata Motors (up 11.7%), Ashok Leyland (up 10.2%), Eicher Motors (up 8.1%) and M&M (up 6.8%).

Shares of Maruti Suzuki marginally slipped 0.2% during the week.

The BSE Oil & Gas Index (up 2%): The top gainers in the oil & gas space were Gujarat NRE Coke (up 20.2%), GSPL (up 9.5%), Hindustan Oil (up 8.5%), Essar Oil (up 6.5%) and MRPL (up 5.8%).

The top losers in the oil & gas space were BPCL (down 4.2%), IOC (down 3.3%), ONGC (down 2.1%), HPCL (down 1.8%) and Chennai Petroleum (down 1.4%).

The BSE Capital Goods Index (up 3%): The top gainers in the capital goods space were Kirloskar Brothers (up 13%), Areva T&D (up 8.5%), ELGI Equipments (up 8.1%), Thermax (up 7.2%) and Praj Industries (up 6.9%).

The Cement Sector: The top gainers in the cement sector were JK Cements (up 9.9%), Prism Cement (up 8.9%), Binani Indus (up 8.8%), India Cements (up 7.8%) and Madras Cements (up 7.5%) and Grasim (up 4.4%).

The Telecom Sector: The top gainers in the telecom space were Wire and Wireless (up 7.4%), Shyam Telecom (up 7.2%), Bharti Airtel (up 6.8%), Tata Teleservice (up 5.2%) and MTNL (up 4.9%).

The Realty Sector (up 7%): The top gainers in the real estate space were Akruti City (up 9.1%), Sobha Developers (up 8.9%), Unitech (up 7.9%), Ansal Props (up 7.8%), HDIL (up 6.5%) and DLF (up 6%).

Peninsula Land slipped 3.6% during the week.

The Metals sector (up 7.1%): The top gainers in the metals sector were Adhunik Metaliks (up 13.2%), Tata Metaliks (up 12.9%), JSW Steel (up 11.7%), Jindal Steel (up 10.1%) and Bhushan Steel (up 8.9%).

Source - Indiainfoline

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