Monday, September 20, 2010

Weekly Analysis 20 Sept 2010

The bulls continued their rampage on Indian bourses on back of July IIP data, which beat all expectations. The flush of funds so far has led to Indian indices performing relatively better to their global peers. However, lack of participation by the broader market in the recent rally raises some doubts about the strength and sustainability of the advance. Finally, Nifty advanced by 4.3% during the week and Sensex added 4.2%.

Sensex intra-week high of 19,639 and low of 18,845

Nifty intra-week high of 5,901 and low of 5,639

Also Read:

Sensex on a roll…Nifty up nearly 1%

Asian markets...Japan rises, China falls

Sensex top gainers: The top gainers in the Sensex were DLF (up 9.5%), HDFC (up 8.5%), Reliance Inds (up 7.2%), HDFC Bank (up 6.9%) and ICICI Bank (up 6.1%).

Sensex top Losers: BHEL was the only loser among the 30-components of the Sensex; the scrip lost 1.4% during the week.

The BSE IT Index (up 3.2%): The top gainers in the IT sector were OFSS (up 6.4%), TCS (up 4.5%), Financial Tech (up 4%), Wipro (up 3%) and Infosys (up 2.6%).

The top losers were Sasken Communication (down 2.8%), Mphasis (down 0.9%) and Patni Computer (down 0.3%).

The BSE Consumer Index: The top losers in the Consumer Durables were Mirc Electronics (down 6.2%), Whirlpool (down 2.8%), Su-Raj Diamonds (down 1.9%) and Videocon Industries (down 1.4%).

The top gainers were Titan (up 8.5%) and Blue Star (up 0.6%).

The BSE Healthcare Index (up 3%): The top gainers in the Pharma space were Torrent Pharma (up 8.8%), Orchid Chem (up 8.8%), Sun Pharma (up 7.4%), Panacea Biotec (up 5.7%) and Ranbaxy Labs (up 5.5%).

The top losers were Divi Labs (down 4.8%), Zandu Pharma (down 3.9%), Suven Life Science (down 3.4%), Piramal Healthcare (down 3.3%) and IPCA Labs (down 1.9%).

The BSE Banking Index (up 6%):The top gainers in the banking space were Kotak Mahindra Bank (up 9.5%), Axis Bank (up 9.2%), HDFC Bank (up 6.9%), ICICI Bank (up 6.1%) and Union Bank of India (up 5.9%).

Karnataka Bank slipped 2.1% during the week.

The BSE Auto Index (up 2%):The top gainers in the auto space were Maruti Suzuki (up 5.6%), Ashok Leyland (up 5.1%), M&M (up 3.7%), Tata Motors (up 2%) and Hero Honda (up 0.7%).

The top losers were Swaraj Mazda (down 5%), Eicher Motors (down 3.1%), Hindustan Motors (down 2.7%) and Bajaj Auto (down 0.9%).

The BSE Oil & Gas Index (up 5.5%): The top gainers in the oil & gas space were Reliance Inds (up 7.2%), Cairn India (up 4.8%), IOC (up 4.5%), Essar Oil (up 4.1%) and Chennai Petroleum (up 3.3%).

The top losers in the oil & gas space were GSPL (down 5.6%), Jindal Drilling (down 5.3%) and Great Offshore (down 2.6%).

The BSE Capital Goods Index (up 3%): The top gainers in the Capital Goods space were Elgi Equipments (up 7.9%), ABB (up 7.7%), Ingersoll Rand (up 7.7%), BEL (up 7.6%) and Alstom Projects (up 6.8%).

The top losers in the Capital Goods were BEML (down 3.4%), Heg (down 3%), LMW (down 1.8%), Dredging Corp (down 1.8%) and Jyoti Structures (down 1.7%).

The Cement Sector: The top gainers in the cement sector were Birla Corp (up 5.5%), Grasim (up 3.7%), Dalmia Cement (up 3.5%), JK Cements (up 3%) and Prism Cement (up 2.5%).

The top losers were Kakatiya Cement (down 4.1%), Binani Indus (down 2.6%), Mangalam Cement (down 0.7%) and Gujarat Sidhee (down 0.3%).

The Telecom Sector: The top gainers were Gemini Comm (up 6%), Bharti Airtel (up 2.5%), RCom (up 1.9%), Idea Cellular (up 0.5%) and WWIL (up 0.3%).

The top losers in the telecom space were Shyam Telecom (down 4.5%), Himachal Futuristic (down 1.8%), Tata Communication (down 1.2%), MTNL (down 1%) and TTML (down 0.2%).

The Realty Sector (up 4.5%):The top gainers in the real estate space were DLF (up 9.5%), Unitech (up 7.2%), Peninsula Land (up 1.8%), Omaxe (up 1.6%) and Sobha Developers (up 1.3%).

The top losers were Anant Raj Indus (down 3.6%), Akruti City (down 1.7%), Mahindra Lifespace (down 1.5%), HDIL (down 0.5%) and Ansal Props (down 0.3%).

The Metals sector (up 2.2%): The top gainers in the metals sector were Bhushan Steel (up 13%), Ispat Industries (up 10.5%), JSW Steel (up 3.3%), Tata Steel (up 1.9%) and SAIL (up 0.9%).

The top losers were Lloyds Metals (down 5.5%), Monnet Ispat (down 4.2%), Tata Metaliks (down 2.8%), Jindal Stainless (down 2.5%) and Adhunik Metaliks (down 1.4%).

Source : DC.com

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