Sunday, April 11, 2010

BSE NSE Weekly review 09 April 10

The Greek gloom was short lived as bulls quickly regained their winning ways a day after the sentiment was spooked by heightened worries over Greece’s debt problems. The key indices closed higher for the week, resuming their ascent after a flat finish last week which marked the end of a seven-week rally. The Indian market managed to bounce back from the Greek related concerns, buoyed by the overnight gains in the US market. Better than expected retail sales posted by most US retailers raised hopes of a faster recovery in the world’s largest economy.

The BSE Sensex and NSE Nifty added 1.4% each during the week. Barring the IT index all the other BSE sectoral indices ended with smart gains.

The Realty stocks were back in favor with traders as the index gained 6% WoW, followed by BSE Power, Oil & Gas and the Auto stocks. The broader indices especially the BSE Small-Cap index outperformed the benchmark indices, the index surged 4.2%.

The FII continued to be net buyers in the Indian markets; they bought stocks to the tune of Rs34.62bn in the last four days. On the other hand, the DIIs were net seller to the tune of Rs2.8bn.

Sensex intra-week high of 18,048 and low of 17,679

Nifty intra-week high of 5,399 and low of 5,290

The top gainers: The top gainers in the Sensex were Reliance Infra (up 8.5%), DLF (up 6.9%), BHEL (up 6.1%), Hero Honda (up 5.7%) and Tata Motors (up 4.1%).

The Top Losers: The top losers in the Sensex were Hindustan Unilever (down 3.9%), Hindalco (down 2.7%), TCS (down 2%), ONGC (down 1.9%) and Ranbaxy Labs (down 1.8%).

The BSE IT Index (down 0.5%): The BSE IT index was the only loser among all the sectoral indices after the Indian rupee appreciated to its 19-month high. The top losers were HCL Tech (down 3.7%), Oracle Financial (down 2.4%), TCS (down 2%), Wipro (down 1.5%) and Patni Computer (down 1.1%).

The top gainers were Sasken Communication (up 3.3%), Mahindra Satyam (up 1.3%), Mphasis (up 0.3%) and Infosys (up 0.2%).

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Blue Star (up 11.4%), Samtel Color (up 9.9%), Videocon Industries (up 6.3%), Whirlpool (up 6.3%) and Mirc Electronics (up 6.1%).

The BSE Healthcare Index (up 0.1%): The top gainers in the Pharma space were Natco Pharma (up 11.3%), Piramal Healthcare (up 10.3%), Emami Limited (up 8.4%), Marksans Pharma (up 5.9%) and Dishman Pharma (up 3.9%).

The top losers were Suven Life Science (down 6.3%), Astrazeneca Pharma (down 3.9%), IPCA Labs (down 2.2%), Sun Pharma (down 1.9%) and Wockhardt (down 1.9%).

The BSE Banking Index (up 1.7%): The top gainers in the banking space were Allahabad Bank (up 14.9%), Karnataka Bank (up 8.4%), Andhra Bank (up 7.9%), Federal Bank (up 6.5%) and IOB (up 5.8%).

The top losers were Union Bank of India (down 1%) and PNB (down 0.9%).

The BSE Auto Index (up 2%): The top gainers in the auto space were Swaraj Mazda (up 12.6%), Hero Honda (up 5.7%), Tata Motors (up 4.1%), Bajaj Auto (up 3.6%) and Eicher Motors (up 2.4%).

The top losers were Ashok Leyland (down 1.6%), Maruti Suzuki (down 1.1%) and M&M (down 1%).

The BSE Oil & Gas Index (up 1.7%): The top gainers in the oil & gas space were Essar Oil (up 7.8%), MRPL (up 6.3%), GSPL (up 4.6%), Hindustan Oil (up 4%) and Reliance Industries (up 3%).

The top losers were IOC (down 2.9%), HPCL (down 2.3%), ONGC (down 1.9%), Gujarat NRE Coke (down 1.3%) and Chennai Petroleum (down 1.2%).

The BSE Capital Goods Index (up 1.3%): The top gainers in the Capital Goods space were Elgi Equipments (up 13.2%), LMW (up 10.9%), Carborundum Universal (up 8.5%), HEG (up 7.2%) and Alfa Laval (up 6.8%).

The top losers were Kirloskar Bros (down 25%), BEL (down 10%), Areva T&D (down 1.2%), Gammon India (down 0.9%) and Crompton Greaves (down 0.7%).

The Cement Sector: The top gainers in the cement sector were Mangalam Cement (up 13.4%), Prism Cement (up 11.5%), Gujarat Sidhee (up 5.5%), India Cements (up 4.4%) and JK Cements Ltd (up 3.4%).

The top losers were Shree Cement (down 2.4%) and Dalmia Cement (down 0.2%).

The Telecom Sector: The top gainers in the telecom space were Gemini Comm (up 28.2%), Shyam Telecom (up 10.9%), WWIL (up 4.8%), RCom (up 4.7%) and Idea Cellular (up 4.1%).

The Realty Sector (up 5.7%): The top gainers in the real estate space were Mahindra Lifespace (up 27%), Ansal Props (up 12.7%), Sobha Developers (up 7.6%), DLF (up 6.9%) and Peninsula Land (up 5.6%).

The Metals sector (up 0.6%): The top gainers in the metals sector were Lloyds Metals (up 53.9%), Adhunik Metaliks (up 7.7%), Bhuwalka Steel (up 6.5%), Ispat Industries (up 4.5%) and Bhushan Steel (up 4.5%)

The top losers were Tata Sponge Iron (down 3%), JSW Steel (down 1.8%), Sunflag Iron (down 1.2%).

Source : IIFL

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