Sunday, March 21, 2010

Indian Stock Markets BSE, NSE Weekly review 19 Mar 2010


Over the week, the Indian markets outperformed its US and Asian peers. Sentiment got a boost after Standard & Poor upgraded India’s outlook to stable from negative. In addition, the US Federal Reserve re-iterated its promise to keep interest rates exceptionally low for the extended period. The index heavyweight Reliance Industries was the star performer leading from the front, the stock shot up nearly 7% during the week. Also, foreign institutions continued to remain net buyers, they were net buyers to the tune of Rs37.78bn in the last five days. However, while the DIIs were net sellers to the tune of Rs7.54bn. Finally, The BSE Sensex and NSE Nifty added 2.5% each to close at 17,578 and 5,263 respectively.

The BSE Sensex hit an intra-week high of 17,601 and low of 17,061 while, the NSE Nifty hit an intra-week high of 5,269 and low of 5,101.

The top gainers: The top gainers in the Sensex were Reliance Industries (up 6.9%), Hindalco (up 6.4%), Tata Steel (up 6%), Cipla (up 5.5%) and Hindustan Unilever (up 4.4%).

The Top Losers: The top losers in the Sensex were ONGC (down 2.6%), Maruti Suzuki (down 2.3%), ACC (down 2.1%), HDFC (down 0.8%) and BHEL (down 0.2%).

The BSE IT Index (up 3.3%): The top gainers in the IT sector were Financial Tech (up 4.1%), HCL Tech (up 3.7%), Infosys (up 3.7%), TCS (up 3%) and Wipro (up 2.3%).

The top losers were Mahindra Satyam (down 1.7%) and Mphasis (down 0.1%).

The BSE Consumer Index: The top gainers in the consumer durables sector were Su-Raj Diamonds (up 4.4%), Mirc Electronics (up 2.7%), Whirlpool (up 2.5%), Titan (up 1.1%), Videocon Industries (up 1.1%).

The BSE Healthcare Index (up 2.7%): The top gainers in the Pharma space were Dr Reddy's Labs (up 6.8%), Strides Arcolab (up 6.6%), Cipla (up 5.5%), IPCA Labs (up 4.8%) and Suven Life Science (up 4.8%).

The top losers were Wockhardt (down 3.9%), Piramal Healthcare (down 3.7%), Aurobindo Pharma (down 3.5%), Panacea Biotec (down 3.4%) and Fresenius Kabi (down 3.1%).

The BSE Banking Index (up 1%): The top gainers in the banking space were Union Bank of India (up 4.9%), PNB (up 4.3%), ICICI Bank (up 2.1%), OBC (up 1.5%) and HDFC Bank (up 1%).

The top losers were IOB (down 4.5%), Karnataka Bank (down 4.4%), Bank of India (down 4%), Kotak Mahindra Bank (down 3.8%) and Federal Bank (down 2.9%).

The BSE Auto Index (up 0.7%): The top gainers in the auto space were Ashok Leyland (up 6.5%), Tata Motors (up 3%), Hero Honda (up 2.6%), Swaraj Mazda (up 1.4%) and Bajaj Auto (up 1.2%).

The top losers were M&M (down 5.9%), Hindustan Motors (down 2.9%) and Maruti Suzuki (down 2.3%).

The BSE Oil & Gas Index (up 3.5%): The top gainers in the oil & gas space were Chennai Petroleum (up 8.7%), Reliance Industries (up 6.9%), Cairn India (up 3.1%), Shiv-Vani Oil (up 1.5%) and Jindal Drilling (up 0.4%).

The top losers were HPCL (down 3.2%), Essar Oil (down 2.9%), Great Offshore (down 2.8%), ONGC (down 2.6%) and GSPL (down 1.9%).

The BSE Capital Goods Index (up 1.4%): The top gainers in the Capital Goods space were Bharat Electronics (up 6.4%), Dredging Corp (up 6.4%), Greaves Cotton (up 6.1%), HEG Ltd (up 4%) and Ingersoll Rand (up 3.7%).

The top losers were Kirloskar Bros (down 25%), Carborundum Universal (down 3.9%),Jyoti Structures (down 2.7%), ABB (down 2.6%) and Aban Offshore (down 1.9%).

The Cement Sector: The top losers in the cement sector were Prism Cement (down 8.2%), ACC (down 2.1%), Madras Cements (down 2%), Shree Cement (down 1.7%) and JK Cements (down 1.5%).

The top gainers were India Cements (up 5.9%), Dalmia Cement (up 3.7%), Ultratech Cement (up 1.4%) and Grasim Inds (up 0.8%).

The Telecom Sector: The top gainers in the telecom space were Idea Cellular (up 14.2%), Shyam Telecom (up 10.7%), RCom (up 6.6%), Tata Teleservices (up 6%) and Bharti Airtel (up 4.3%).

The top losers were Gemini Comm (down 10.1%), Himachal Futuristic (down 3.6%), WWIL (down 2.9%).

The Realty Sector (down 1.4%): The top losers in the Realty space were Anant Raj Indus (down 4.9%), Peninsula Land (down 2.6%), Ansal Props (down 2.6%), Parsvnath (down 1.9%) and HDIL (down 1.5%).

The top gainers were Mahindra Lifespace (up 2.8%), Sobha Developers (up 1%) and DLF (up 0.7%).

The Metals sector (up 3.6%): The top gainers in the metals sector were Tata Steel (up 6%), SAIL (up 5.6%), JSW Steel (up 5.4%), Adhunik Metaliks (up 5%) and Tata Sponge (up 4.5%).

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