Monday, November 22, 2010

BSE Sensex & Nifty Review 22 Nov 2010

The bears seem to be parading the Street with great confidence these days. Sentiment in Indian market was hit by the recent sell off by the FIIs. The ongoing political tension following the row over 2G spectrum allocation kept the investors on tenterhooks. Food inflation fell sharply in the latest reporting week but that did not enthuse investors. Finally, the Sensex and Nifty declined by 3% each to close at 19585 and 5890 respectively.

Sensex intra-week high of 20,380 and low of 19,505 while, Nifty intra-week high of 6,144 and low of 5,864
Sensex top gainers: The top gainers in the Sensex were Bharti Airtel (up 7.5%), Hero Honda (up 6.6%) and Cipla (up 4%).

Sensex top Losers: The top losers in the Sensex were Reliance Capital (down 12.3%), Reliance Infra (down 9.8%), Reliance Power (down 8.6%), Ambuja Cements (down 8.1%) and Reliance Industries (down 6.2%).
The BSE IT Index (down 2.6%): The top losers in the IT sector were Mahindra Satyam (down 18.7%), Financial Tech (down 9%), HCL Tech (down 6.3%), Wipro (down 5.7%) and OFSS (down 4.2%).

The BSE Consumer Index: The top losers in the Consumer Durables were Videocon Industries (down 14.1%), Samtel Color (down 9.4%), Titan Inds (down 7.1%), Mirc Electronics (down 5.8%) and Whirlpool (down 4.5%).
The BSE Healthcare Index (down 0.1%):The top losers in the Pharma were Morepen Labs (down 9.1%), Dishman Pharma (down 8.6%), Fresenius Kabi (down 7.8%), Suven Life Science (down 4.7%) and Sun Pharma (down 4.6%).

The top gainers in the Pharma space were Wockhardt (up 7%), Lupin (up 4.7%), Cipla (up 4%), IPCA Labs (up 2.1%) and Astrazeneca Pharma (up 1.8%).

The BSE Banking Index (down 3.2%):The top losers in the banking space were Karnataka Bank (down 7.9%), Oriental Bank Of Commerce (down 7.4%), Yes Bank (down 7.2%), Axis Bank (down 7.2%) and Bank Of Baroda (down 4.7%).
Federal Bank rose 1.4% during the week.

The BSE Auto Index (down 1.8%):The top losers in the auto space were Eicher Motors (down 5%), Tata Motors (down 4.6%), Maruti Suzuki (down 3.4%), Swaraj Mazda (down 2.9%) and M&M (down 2.6%).
The top gainers were Hero Honda Motor (up 6.6%) and Hindustan Motors (up 2.1%).

The BSE Oil & Gas Index (down 4.7%):The top losers in the oil & gas space were Hindustan Oil (down 9.9%), MRPL (down 9.8%), Shiv-Vani Oil (down 8.4%), Essar Oil (down 7.3%) and Reliance Industries (down 6.2%).
The BSE Capital Goods Index (down 2.6%):The top losers in the Capital Goods were Dredging Corp (down 9.1%), Ingersoll Rand (down 9%), Alstom Projects (down 6.1%), BHEL (down 5.7%) and Heg (down 5.7%).
The top gainers were Elgi Equipments (up 2.8%), Greaves Cotton (up 1.5%), Thermax (up 1%), Areva T&D (up 0.9%) and Crompton Greaves (up 0.9%).

The Cement Sector: The top losers in the cement sector were Dalmia Cement (down 9.9%), Mangalam Cement (down 7.7%), Kakatiya Cement (down 7.5%), Binani Indus (down 7.3%) and Gujarat Sidhee (down 7.3%).
The top gainers were JK Cements (up 1.9%) and Birla Corp (up 1.5%).

The Telecom Sector: The top losers in the telecom space were Himachal Futuristic (down 20.8%), RCom (down 12.7%), Shyam Telecom (down 10.1%), WWIL (down 9.7%) and MTNL (down 8.9%).
The top gainers were Bharti Airtel (up 7.5%) and Idea Cellular (up 6.3%).

The Realty Sector (down 9.3%):The top losers in the Realty space were Unitech (down 16.6%), Mahindra Lifespace (down 10.3%), Ansal Props (down 9.6%), Anant Raj Indus (down 8.7%) and Peninsula Land (down 6.3%).

The Metals sector (down 3.3%):The top losers in the metals sector were Tata Metaliks (down 7.4%), Jindal Stainless (down 7.2%), Lloyds Metals (down 6.2%), Jindal Steel (down 5.7%) and Monnet Ispat (down 5.6%).
Source : IIFL

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