Saturday, October 2, 2010

Weekly Analysis 29 Sept 2010


It was a super September indeed with indices racing closer to previous highs. While the long wait over the Ayodhya dispute ended with the Allahabad High Court declaring a split but pragmatic verdict. On the street, the verdict was very clear, Bullishness reigned supreme. A broad-based rally on Friday closed the indices around 2% higher. Being the F&O expiry week, volatility was at its peak especially on Thursday.

Sensex intra-week high of 20,475 and low of 19,864

Nifty intra-week high of 6,153 and low of 5,963

Sensex top gainers: The top gainers in the Sensex were Hindalco (up 6.9%), DLF (up 6.3%), Tata Steel (up 6%), BHEL (up 5.4%) and NTPC (up 4.8%).

Sensex top Losers: The top losers in the Sensex were Ambuja Cements (down 2.9%), ONGC (down 2.2%), Hindustan Unilever (down 1.7%), Reliance Capital (down 1.4%) and ACC (down 1%).

The BSE IT Index (up 2.1%): The top gainers in the IT sector were Wipro (up 3.3%), TCS (up 3.2%), HCL Tech (up 2.2%), Oracle Financial (up 1.7%) and Infosys (up 1.7%).

The top losers in the IT sector were Mahindra Satyam (down 8.9%), Patni Computer (down 3.9%), Mphasis (down 3.2%) and Financial Tech (down 2.9%).

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Videocon Industries (up 7.8%), Blue Star (up 0.5%) and Samtel Color (up 0.4%).

The top losers were Mirc Electronics (down 4.3%), Whirlpool (down 1.5%) and Titan (down 1.1%).

The BSE Healthcare Index (up 2.2%): The top gainers in the Pharma space were Orchid Chem (up 28.3%), Wockhardt (up 13%), Cadila Healthcare (up 8.7%), Glenmark Pharma (up 8.4%) and Suven Life Science (up 8.1%).

The top losers were Emami Limited (down 4.1%), Fresenius Kabi (down 2.7%), Marksans Pharma (down 2.5%), Morepen Labs (down 1.5%) and Divi Labs (down 1.3%).

The BSE Banking Index (up 2.4%):The top gainers in the banking space were Yes Bank (up 6%), Bank Of India (up 5.7%), Oriental Bank of Commerce (up 5.5%), Axis Bank (up 4.5%) and SBI (up 4.2%).

The BSE Auto Index (up 2.6%):The top gainers in the auto space were Eicher Motors (up 9.8%), Bajaj Auto (up 6.8%), Tata Motors (up 3.8%), Hindustan Motors (up 3.7%) and M&M (up 3.6%).

The top losers were Hero Honda (down 0.8%), Swaraj Mazda (down 0.2%) and Maruti Suzuki (down 0.1%).

The BSE Oil & Gas Index (down 0.4%):The top losers in the oil & gas space were HPCL (down 5.2%), IOC (down 4.5%), BPCL (down 4.3%), Jindal Drilling (down 3.3%) and Great Offshore (down 2.5%).

The top gainers were Shiv-Vani Oil (up 4.2%), Cairn India (up 2.8%), Chennai Petroleum (up 2.4%) and Reliance Industries (up 0.6%).

The BSE Capital Goods Index (up 3.7%):The top gainers in the Capital Goods space were Alstom Projects (up 8.8%), Siemens India (up 6.1%), BHEL (up 5.4%), ABB (up 5.1%) and Elgi Equipments (up 4.7%).

The top losers were Jyoti Structures (down 2.1%), Skf India (down 1.9%), Praj Industries (down 1.8%), Dredging Corp (down 1.7%) and Ingersoll Rand (down 1.1%).

The Cement Sector: The top gainers in the cement sector were Birla Corp (up 8.7%), Ultratech Cement (up 6.1%), Binani Indus (up 4.8%), Mangalam Cement (up 4.7%) and Grasim Inds (up 2.6%)

The top losers in the cement sector were Dalmia Cement (down 22.5%), Madras Cements (down 2.7%), Prism Cement (down 2.6%) and ACC (down 1%).

The Telecom Sector: The top losers in the telecom space were Gemini Comm (down 9.6%), Himachal Futuristic (down 8.9%), Idea Cellular (down 4.9%), Tata Communication (down 4.4%) and WWIL (down 4.1%).

The Realty Sector (up 5%): The top gainers in the real estate space were Unitech (up 10.2%), DLF (up 6.3%), Mahindra Lifespace (up 6.2%), Ansal Props (up 5.5%) and Anant Raj Indus (up 5.4%).

The top losers were Akruti City (down 1.7%) and Omaxe (down 0.3%).

The Metals sector (up 5.2%):The top gainers in the metals sector were SAIL (up 8.5%), JSW Steel (up 7.4%), Tata Steel (up 6%), Tata Sponge (up 5.7%) and Jindal Steel (up 5.5%).

The top losers were Adhunik Metaliks (down 1.4%), Sunflag Iron (down 0.8%), Lloyds Metals (down 0.5%).

Source IIFL

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