Sunday, May 2, 2010

BSE / NSE Weekly review 30 April 2010

The Indian markets ended with marginal losses in a highly eventful and results heavy week. Second rung stocks continued to outperform their larger index peers with the BSE Mid-Cap index adding nearly 1% during the week. However, the BSE Small-cap index ended almost flat. The market did witness some volatility owing to the global factors and F&O expiry. Overall, the mood remained slightly cautious due to mixed earnings from India Inc.

Finally, the BSE Sensex slipped 0.8% and the NSE Nifty lost 0.5% to shut shop at 17,558 and 5,278 respectively. The BSE Realty index was the top loser the index lost 3.1% followed by the Oil & Gas index which lost 1.6%. Big gainers were the BSE Banking index rose 0.7% followed by the BSE Auto and the BSE Power index.

The FII continued to be net buyers in the Indian markets; they bought stocks to the tune of Rs33.22bn last five and the DIIs were net sellers to the tune of Rs2.15bn.

The BSE Sensex hit an intra-week high of 17,826 and low of 17,344 while, the NSE
Nifty hit an intra-week high of 5,342 and low of 5,202.

The top gainers: The top gainers in the Sensex were ONGC (up 3.6%), Cipla (up 3.5%), Tata Motors (up 3.3%), HDFC (up 3.2%) and HDFC Bank (up 2.5%).

The Top Losers: The top losers in the Sensex were DLF (down 6.5%), Maruti Suzuki (down 6%), Reliance Industries (down 5%), Tata Steel (down 4.6%) and Grasim Industries (down 3.9%).

The BSE IT Index (down 0.4%): The top losers in the IT sector were Patni Computer (down 4.8%), Wipro (down 2.9%), Oracle Financial (down 2%), TCS (down 1.9%) and Financial Tech (down 1%).

The top gainers were Sasken Communication (up 8%), Mphasis (up 3.2%), Mahindra Satyam (up 2.1%), HCL Tech (up 1.7%) and Infosys Tech (up 0.4%).

The BSE Consumer Index: The top losers in the Consumer Durables were Mirc Electronics (down 6.6%), Samtel Color (down 2.8%) and Videocon Industries (down 1.6%).

The top gainers were Whirlpool (up 7.2%), Titan (up 3.1%) and Blue Star (up 0.1%).

The BSE Healthcare Index (up 0.2%): The top gainers in the Pharma space were Fresenius Kabi (up 7.2%), Torrent Pharma (up 5.7%), Piramal Healthcare (up 4.4%), Dr Reddy's Labs (up 3.9%) and Cipla (up 3.5%).

The top losers were Sun Pharma (down 6.7%), Natco Pharma (down 4.9%), Emami (down 4.8%), Morepen Labs (down 4.1%) and Strides Arcolab (down 4%).

The BSE Banking Index (up 0.7%): The top gainers in the banking space were Andhra Bank (up 9.8%), Bank of Baroda (up 6.6%), Yes Bank (up 5.4%), Canara Bank (up 5.2%) and Oriental Bank of Commerce (up 4.3%).

The top losers were Indian overseas Bank (down 3.6%), ICICI Bank (down 2.6%), Kotak Mahindra Bank (down 1%), Allahabad Bank (down 0.7%) and Karnataka Bank (down 0.6%).

The BSE Auto Index (up 0.5%):The top gainers in the auto space were Eicher Motors (up 16.2%), Ashok Leyland (up 5.8%), Tata Motors (up 3.3%), Hindustan Motors (up 2.8%) and Swaraj Mazda (up 1.9%).

The top losers were Maruti Suzuki (down 6%) and Bajaj Auto (down 0.7%).

The BSE Oil & Gas Index (down 1.6%): The top losers in the oil & gas space were Reliance Industries (down 5%), Shiv-Vani Oil (down 4.9%), Chennai Petroleum (down 1.9%), Hindustan Oil (down 1.7%) and Essar Oil (down 1.6%).

The top gainers were Great Offshore (up 10.9%), Gujarat NRE Coke (up 8%), Cairn India (up 6%), Jindal Drilling (up 5.1%) and IOC (up 4.9%).

The BSE Capital Goods Index (down 0.6%): The top losers in the Capital Goods were Alfa Laval (down 3.9%), ABB (down 3.8%), Bharat Electronics (down 3.8%), Areva T&D (down 3.6%) and Ingersoll Rand (down 3.2%).

The top gainers were Praj Industries (up 9.9%), Greaves Cotton (up 8.4%), SKF India (up 5.7%), Carborundum Universal (up 3.3%) and HEG (up 2.2%).

The Cement Sector: The top losers in the cement sector were Ultratech Cement (down 11.1%), Mangalam Cement (down 10.9%), India Cements (down 7%), Madras Cements (down 5.2%) and Shree Cement (down 4.8%).

The top gainers were Binani Indus (up 11.8%), Dalmia Cement (up 5.6%), Kakatiya Cement (up 0.6%) and ACC (up 0.1%).

The Telecom Sector: The top losers in the telecom were Idea Cellular (down 6.7%), Shyam Telecom (down 5.3%), Tata Communication (down 2.6%), Himachal Futuristic (down 2.4%) and Tata Teleservice (down 2.3%).

The Realty Sector (down 3.1%):The top losers in the Realty space were DLF (down 6.5%), Mahindra Lifespace (down 6.3%), Anant Raj Indus (down 4.4%), HDIL (down 3.4%) and Parsvnath (down 3%).

The top gainers were Akruti City (up 1.8%), Omaxe (up 1.4%) and Peninsula Land (up 0.4%).

The Metals sector (up 0.1%):The top losers in the metals sector were Lloyds Metals (down 4.7%), Tata Steel (down 4.6%), Tata Metaliks (down 3.4%), SAIL (down 3.2%) and Tata Sponge Iron (down 3%).

The top gainers were Jindal Stainless (up 4.4%), Jindal Steel & Power (up 3.4%), Bhuwalka Steel (up 2.8%) and JSW Steel (up 2.4%).

Source IIFL

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