Sunday, June 13, 2010

BSE / NSE weekly analysis 11 June 2010

It was a week of gap-downs and gap-ups. The Indian benchmark indices finally ended the week with decent gains for the third week in a row. After starting on a somber note and facing stiff resistance around 17,000 levels, bulls were back to their scoring ways as the markets managed to recoup all the earlier losses. Better than expected April IIP data backed by positive European cues stemmed any further slide. The Realty stocks witnessed some serious offloading with heavyweights like DLF and Unitech losing over 5%. Lower than expected PMI output data in China led to a fall in Metal prices, which in turn dragged the metal stocks lower. However, the Pharma and the Auto stocks were among the notable gainers. Finally, the NSE Nifty and the BSE Sensex gained 1.3% each during the week.

The BSE Sensex hit an intra-week high of 17,131 and low of 16,560 and the NSE Nifty hit an intra-week high of 5,139 and low of 4,967.

The top gainers: The top gainers in the Sensex were Cipla (up 3.8%), HDFC Bank (up 3.2%), Grasim Inds (up 2.7%), BHEL (up 2.6%) and Acc (up 2.4%).

The Top Losers: The top losers in the Sensex were DLF (down 6.9%), Hindalco Inds (down 5.5%), Infosys Tech (down 3.6%), Tata Steel (down 2.4%) and ICICI Bank (down 2.3%),

The BSE IT Index (down 2.5%):The top losers in the IT sector were Sasken Communication (down 5.5%), HCL Tech (down 4.5%), Patni Computer (down 4%), Infosys (down 3.6%) and Mahindra Satyam (down 3.4%).

The top gainers were Oracle Financial (up 4.1%) and Mphasis (up 1.4%).

The BSE Consumer Index: The top losers in the Consumer Durables were Whirlpool (down 7.8%), Samtel Color (down 1.5%), Titan (down 1.2%), Su-Raj Diamonds (down 0.9%) and Videocon Industries (down 0.2%).

The BSE Healthcare Index (up 2.5%):The top gainers in the Pharma space were Pfizer (up 6.8%), Astrazeneca Pharma (up 6.2%), Orchid Chem (up 5.7%), Strides Arcolab (up 5.5%) and Dr Reddy's Labs (up 4.3%).

The top losers were Panacea Biotec (down 2.8%), Natco Pharma (down 2.7%), Morepen Labs (down 2.6%), Zandu Pharma (down 2.1%) and Sun Pharma (down 1.3%).

The BSE Banking Index (down 0.2%):The top losers in the banking space were Karnataka Bank (down 3%), Federal Bank (down 2.8%), Union Bank of India (down 2.6%), ICICI Bank (down 2.3%) and Bank of Baroda (down 1.7%).

The top gainers were HDFC Bank (up 3.2%), Canara Bank (up 2.9%), IOB (up 2.5%), PNB (up 1.9%) and Kotak Mahindra Bank (up 1%).

The BSE Auto Index (up 1.6%):The top gainers in the auto space were Eicher Motors (up 10.5%), Bajaj Auto (up 5%), M&M (up 3.7%), Maruti Suzuki (up 2%) and Hindustan Motors (up 1.8%).

The top losers were Ashok Leyland (down 2%) and Tata Motors (down 0.9%).

The BSE Oil & Gas Index (up 0.2%):The top losers in the oil & gas space were BPCL (down 6.7%), HPCL (down 5.6%), IOC (down 4.5%), MRPL (down 4.1%) and Jindal Drilling (down 2.9%).

The top gainers Reliance (up 1.5%), Shiv-Vani Oil & (up 0.9%) and Cairn India (up 0.4%).

The BSE Capital Goods Index (up 0.9%):The top gainers in the Capital Goods space were Alfa Laval India (up 5.3%), Areva T&D (up 5.2%), Ingersoll Rand (up 5%), Jyoti Structures (up 4.8%) and Siemens India (up 3.2%).

The top losers were Carborundum Universal (down 3.5%), Gammon India (down 2.8%), SKF India (down 2.4%), Alstom Projects (down 2.2%) and Astra Microwave (down 1.9%).

The Cement Sector: The top gainers in the cement sector were Binani Indus (up 5%), Mangalam Cement (up 4.9%), Grasim Inds (up 2.7%), ACC (up 2.4%) and Shree Cement (up 2.3%).

The top losers were Kakatiya Cement (down 4.2%), Gujarat Sidhee (down 1.1%), Birla Corp (down 0.9%), India Cements (down 0.7%) and Jk Cements (down 0.6%).

The Telecom Sector: The top losers in the telecom were MTNL (down 5.2%), Shyam Telecom (down 3.4%), TTML (down 3.4%), Idea Cellular (down 2.8%) and Gemini Comm (down 1.1%).

The top gainers were Himachal Futuristic (up 8.6%), WWIL (up 4.5%) and RCom (up 2.4%).

The Realty Sector (down 4%):The top losers in the Realty sector were DLF (down 6.9%), Unitech (down 4.2%), Mahindra Lifespace (down 2.8%), Ansal Props (down 2.7%) and Sobha Developers (down 2.2%).

The top gainers were HDIL (up 1.7%), Parsvnath (up 0.7%), Anant Raj Indus (up 0.7%) and Akruti City (up 0.3%).

The Metals sector (down 2.5%):The top gainers in the metals sector were Tata Metaliks (up 18.2%), Lloyds Metals (up 4.3%), Tata Sponge (up 3.5%), Jindal Steel (up 2%) and Sunflag Iron (up 1.1%).

The top losers in the metals sector were JSW Steel (down 3.4%), Monnet Ispat (down 3.2%), Ispat Industries (down 3.1%), Tata Steel (down 2.4%) and SAIL (down 1.7%).

Source : IIFL

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