Saturday, March 27, 2010

Weekly Review of Indian Stock Markets BSE / NSE – 22 March 2010

Weekly Review of Indian Stock Markets BSE / NSE – 22 March 2010

In a truncated week, the Indian benchmark indices posted modest gains extending its winning streak to 7th consecutive week. The BSE Sensex and the NSE Nifty added 0.5% each to close at 17,645 and 5,282 respectively. Pharma sector was in flavor after the US Congress passed the health care bill. The US Congress discussion named India among the 14 countries that can offer low-cost drugs to reduce health care costs. Also, the banking and the FMCG stocks were in demand, on the other hand, Realty and the Small-Cap stocks witnessed some offloading.

The FIIs continued to be net buyers in the Indian markets; they bought to the tune of Rs21.3bn in the last five days. On the other hand, the DIIs were net seller to the tune of Rs6.58bn.

The BSE Sensex hit an intra-week high of 17,683 and low of 17,337, while, NSE Nifty hit an intra-week high of 5,293 and low of 5,183.

The top gainers: The top gainers in the Sensex were HDFC Bank (up 7.2%), Reliance Power (up 4.7%), Hindustan Unilever (up 4.2%), Cipla (up 3.4%) and ONGC (up 2.2%)

The Top Losers: The top losers in the Sensex were DLF (down 5.8%), Tata Motors (down 4.3%), ACC (down 4%), HDFC (down 3%) and Reliance Capital (down 2.5%).

The BSE IT Index (up 0.1%): The top gainers in the IT sector were Patni Computer (up 8.7%), TCS (up 0.5%) and Infosys (up 0.1%).

The top losers in the IT sector were Sasken Communication (down 5.4%), Mahindra Satyam (down 2.8%), Mphasis (down 2.3%), Wipro (down 1.2%) and Hcl Tech (down 0.9%).

The BSE Consumer Index: The top losers in the Consumer Durables were Su-Raj Diamonds (down 5.7%), Mirc Electronics (down 3.8%), Blue Star (down 2.3%), Whirlpool (down 0.6%) and Titan (down 0.4%).

Videocon Industries was the only gainer, the stock added 1.2% during the week.

The BSE Healthcare Index (up 2.6%): The top gainers in the Pharma space were Panacea Biotec (up 21.5%), Suven Life Science (up 18%), Fresenius Kabi (up 7.7%), Divi Labs (up 6.4%) and Ipca Labs (up 6.3%).

The top losers were Zandu Pharma (down 2.7%), Strides Arcolab (down 2.2%), Dishman Pharma (down 1%) and Orchid Chem (down 0.8%).

The BSE Banking Index (up 1.9%): The top gainers in the banking space were HDFC Bank (up 7.2%), OBC (up 6.3%), Union Bank of India (up 4.5%), PNB (up 4.1%) and Bank of Baroda (up 4%).

The top losers in the banking space were Karnataka Bank (down 2%), Bank of India (down 1.5%) and ICICI Bank (down 0.9%).

The BSE Auto Index (0.0%): The top gainers in the auto space were Bajaj Auto (up 6.1%), Hero Honda (up 2.2%), M&M (up 0.7%) and Ashok Leyland (up 0.2%).

The top losers were Tata Motors (down 4.3%), Hindustan Motors (down 3.8%), Maruti Suzuki (down 2.3%) and Eicher Motors (down 0.7%).

The BSE Oil & Gas Index (up 0.6%): The top gainers in the oil & gas space were Gujarat NRE Coke (up 9.2%), Shiv-Vani Oil (up 5.6%), Cairn India (up 3.4%), Chennai Petroleum (up 2.3%) and ONGC (up 2.2%).

The top losers were HPCL (down 3.5%), Hindustan Oil (down 2.7%), BPCL (down 2.4%), Great Offshore (down 2%) and IOC (down 1.9%).

The BSE Capital Goods Index (up 0.7%): The top gainers in the Capital Goods space were Areva T&D India (up 12.4%), Alstom Projects (up 6.1%), Crompton Greaves (up 4.5%), Usha Martin (up 2.7%) and Jyoti Structures (up 2.6%).

The top losers were Kirloskar Bros (down 25%), Ingersoll Rand (down 3.4%), LMW (down 2.8%), ABB (down 2.3%) and Praj Industries (down 2%).

The Cement Sector: The top losers in the cement sector were Madras Cements (down 4.7%), ACC (down 4%), JK Cements (down 3.2%), Gujarat Sidhee (down 1.9%) and Binani Indus (down 1.6%).

The top gainers in the cement sector were Birla Corp (up 5.3%), India Cements (up 4.1%), Shree Cement (up 1.7%), Dalmia Cement (up 1.6%) and Prism Cement (up 1.1%).

The Telecom Sector: The top losers in the telecom space were Gemini Comm (down 5.2%), Tata Communication (down 4.3%), MTNL (down 3.8%), TTML (down 3.2%) and Idea Cellular (down 3.1%).

Shyam Telecom rose over 6% during the week.

The Realty Sector (down 4%): The Realty index was the top loser during the week. The top losers were DLF (down 5.8%), Omaxe (down 5.2%), HDIL (down 5.1%), Mahindra Lifespace (down 4.2%) and Peninsula Land (down 4.1%).

The Metals sector (up 0.1%): The top gainers in the metals sector were Lloyds Metals (up 10%), Jindal Steel (up 3.5%), JSW Steel (up 3.4%) and Monnet Ispat (up 2.5%).

The top losers in the metals sector were Ispat Industries (down 2.3%), Adhunik Metaliks (down 2.3%), Sunflag Iron (down 2.1%), Tata Metaliks (down 1.9%) and Jindal Stainless (down 1.5%).


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