Post-market: Bulls push back

Sharekhan's daily newsletter Visit us at www.sharekhan.com December 22, 2009 Index Performance Index Sensex Nifty Open 16,331.81 4,953.35 High 16,738.12 4,997.30 Low 16,633.81 4,953.35 Today's Cls 16,692.00 4,985.85 Prev Cls 16,601.20 4,952.60 Change 90.80 33.20 % Change 0.55 0.67   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Sail 225.50 6.47 REI Agro 48.85 5.97 Opto Circuits 228.80 5.07 Central Bank 144.25 4.87 Sesa Goa 381.45 4.82 Losers Lupin 1446.70 -3.49 Piramal Healthcare 390.10 -3.14 Godrej Consumer 250.00 -2.69 Ultratech Cement 873.35 -2.06 Jain Irrigation 829.50 -2.05 Market Statistics - BSE NSE Advances 1,694 966 Declines 1,107 630 Unchanged 84 62 Volume(Nos) 31.94cr 53.78cr  Market Commentary  Bulls push back Market reverses its 3-day losing streak, as global indices turn positive. Global signals The European indices opened positive for the second successive day on Tuesday led by rise in financial and pharmaceutical stocks.  At the time of writing this   report FTSE 100 was trading 0.88% higher than its previous close. All the Asian indices except Shanghai Composite (down 2%) closed higher. SGX Nifty was 56 points up for the day. US stock futures opened higher as investors keep an eye on third quarter GDP numbers, existing home sales and Richmond Fed survey for December. Indian indices Taking leads from buoyant markets globally, the Indian indices opened higher and remained up all through the day. The Sensex opened 32 points high, hit the intra-day high of 16738 and the day?s low of 16633. At closing bell, the Sensex was at 16692, 91 points higher. Nifty closed 33 points higher at 4986. Sensex sentiment The market breadth was positive. Out of 2,885 stocks traded on the BSE, 1,694 stocks advanced, whereas 1,107 stocks declined. Eighty four stocks closed unchanged. Sectoral & stock screening Out of the 13 sector indices on the BSE, only BSE IT and BSE HC closed with marginal loss. The remaining indices ended higher. Among gainers BSE Metal surged the most by 2.87% followed by BSE PSU that rose by 1.59% for the day. On stocks? front, SAIL surged the most by 6.47% followed by REI Agro that rose 5.97% and Opto Circuits that jumped 5.07% up. Among losers, Lupin slid the most by 3.49% followed by Piramal Healthcare that fell 3.14%. Viewing volumes Wind turbine maker Suzlon Energy?s stock was the darling of the day with over 0.97 crore shares changing hands on the BSE followed by realtor Unitech (0.68 crore shares), Ispat Industries (0.64 crore shares), IFCI (0.59 crore shares) and SAIL (0.29 crore shares).  Today's major news Aegis Logistics acquires Shell Gas; the stock shots up 10.82%. Wire and Wireless India targets townships for HITS expansion; the stock jumps 3.91%. Reliance Infrastructure to commission projects worth Rs10,000 crore; the stock surges 0.79%. Reliance Industries announces third successive gas discovery in KG basin; the stock closes the day 0.22% higher. Aban Offshore's subsidiary redeems bonds worth Rs8 billion; the stock rises 4.30%.  European Indices at 16:00 IST on 22-12-2009 Index Level Change (pts) Change (%) FTSE 100 Index 5348.36 54.37 1.03 CAC 40 Index 3893.57 21.51 0.56 DAX INDEX 5954.84 24.31 0.41 Asian Indices at close on 22-12-2009 Index Level Change (pts) Change (%) Nikkei 225 10378.03 194.56 1.91 Hang Seng Index 21092.04 143.94 0.69 Kospi Index 1655.54 11.31 0.69 Straits Times Index 2823.82 37.01 1.33 Jakarta Composite Index 2467.64 36.25 1.49 Shanghai Composite 3050.52 -72.45 -2.32 To know more about our products and services, click here. ?This document has been prepared by Sharekhan Ltd. 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