Sunday, April 4, 2010

BSE NSE Weekly Analysis 01 April 10

After enjoying a spectacular run in FY10, the Indian benchmark indices ended the week on a flat note halting its seven-week winning streak. The Nifty and the Sensex although started off the week by hitting their respective 52-week highs, however, the surge showed some signs of slackening. Headwinds include inflation, an impending hike in interest rates. Monsoon will be crucial. The earnings and guidance from India Inc would be the closely watched in the ensuing weeks.

The Realty, Capital Goods and the Power stocks were in demand during the week; even small-cap stocks attracted buying interest. On the other hand, the IT stocks were among the top laggards as the rupee appreciated to its 52-week high of Rs44.88 as against the US dollar.

The FII continued to be net buyers in the Indian markets. They bought stocks to the tune of Rs40.46bn in the last four days. On the other hand, the DIIs were net seller to the tune of Rs7.55bn.

The BSE Sensex hit an intra-week high of 17,793 and low of 17,488 and the NSE Nifty hit an intra-week high of 5,329.5 and low of 5,235.

The top gainers: The top gainers in the Sensex were HDFC (up 6.5%), DLF (up 5.8%), Tata Motors (up 3.7%), Hindalco (up 2.9%) and NTPC (up 2.5%)

The Top Losers: The top losers in the Sensex were Infosys (down 3.8%), Hindustan Unilever (down 3.4%), Hero Honda (down 3.3%), Bharti Airtel (down 2.6%) and TCS (down 2.1%).

The BSE IT Index (down 3%): The top losers were Infosys (down 3.8%), HCL Tech (down 3.7%), Financial Tech (down 3.5%), Patni Computer (down 3.3%) and TCS (down 2.1%).

The top gainers in the IT sector were Wipro (up 0.5%), Oracle Financial (up 0.4%) and Sasken Communication (up 0.2%).

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Samtel Color (up 4.7%), Su-Raj Diamonds (up 3.1%), Titan Inds (up 3.1%) and Mirc Electronics (up 2.7%).

The top losers were Whirlpool (down 3.1%) and Videocon Industries (down 0.6%).

The BSE Healthcare Index (up 0.2%): The top gainers in the Pharma space were Morepen Labs (up 14.7%), Glenmark Pharma (up 7.1%), Emami (up 6.1%), Astrazeneca Pharma (up 6%) and Torrent Pharma (up 5.8%).

The top losers were Cipla (down 1.7%), Dr Reddy's Labs (down 1.6%), Lupin (down 1.6%), Orchid Chem (down 1.5%) and Zandu Pharma (down 1.1%).

The BSE Banking Index (up 0.7%): The top gainers in the banking space were Andhra Bank (up 7.9%), Bank of India (up 7.8%), Karnataka Bank (up 7.5%), Union Bank of India (up 6.3%) and Oriental Bank of Commerce (up 2.9%).

The top losers were Axis Bank (down 1.7%), Kotak Mahindra Bank (down 0.7%), HDFC Bank (down 0.6%) and Allahabad Bank (down 0.1%).

The BSE Auto Index (up 0.5%): The top gainers in the auto space were Hindustan Motors (up 8.5%), Eicher Motors (up 6.6%), Ashok Leyland (up 5.2%), Tata Motors (up 3.7%) and Bajaj Auto (up 1%).

The top losers were Hero Honda Motor (down 3.3%), Swaraj Mazda (down 1.3%), Mahindra & Mahindra (down 1.1%) and Maruti Suzuki (down 0.3%).

The BSE Oil & Gas Index (up 0.3%): The top gainers in the oil & gas space were Shiv-Vani Oil (up 8.3%), Hindustan Oil (up 4.7%), Cairn India (up 4.7%), MRPL (up 4.3%) and Chennai Petroleum (up 2.4%)

The top losers were Jindal Drilling (down 1%), Reliance Inds (down 0.8%) and Essar Oil (down 0.2%).

The BSE Capital Goods Index (up 1.4%): The top gainers in the Capital Goods space were Crompton Greaves (up 6.6%), Esab India (up 6.4%), Usha Martin (up 6.2%), SKF India (up 5.1%) and Elgi Equipments (up 5.1%).

The top losers were Kirloskar Bros (down 25%), Astra Microwave (down 2.5%), Areva T&D (down 1.1%), Siemens India (down 0.9%) and Dredging Corp (down 0.7%).

The Cement Sector: The top gainers in the cement sector were Prism Cement (up 8.9%), Kakatiya Cement (up 6.7%), Shree Cement (up 4.3%), Gujarat Sidhee (up 4.1%) and Mangalam Cement (up 3.9%)

The top losers were Grasim (down 1.6%) and JK Cements (down 0.2%).

The Telecom Sector: The top gainers in the telecom space were Himachal Futuristic (up 9.2%), Gemini Comm (up 7%), WWIL (up 2.8%), RCom (up 1.7%) and MTNL (up 1.4%).

The top losers were Idea Cellular (down 3.1%), Bharti Airtel (down 2.6%), Shyam Telecom (down 1.5%) and TTML (down 0.2%).

The Realty Sector (up 3.3%): The top gainers in the real estate space were DLF (up 5.8%), Unitech (up 5.2%), Omaxe (up 4.2%), Peninsula Land (up 3.9%) and Sobha Developers (up 3.3%).

The top losers were Akruti City (down 2.2%) and Ansal Props (down 1.4%).

The Metals sector (up 1.8%): The top gainers in the metals sector were Sunflag Iron (up 10.5%), Tata Sponge Iron (up 5.8%), Ispat Industries (up 4.7%), Jindal Stainless (up 3.7%) and SAIL (up 3.3%).

The top losers in the metals sector were Monnet Ispat & E (down 2.4%), Lloyds Metals (down 2.3%), Tata Metaliks (down 1.3%) and Jindal Steel (down 1.1%).

Source : IIFL

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