Saturday, January 30, 2010

MARKET ENDED WEEKLY SECTOR WISE REPORT


ITC & BHEL WELL PERFOIRMED
WE ARE BSE GAINERS OF WEEEK


Wall of worries seem to be mounting as the Indian markets extended losses for second consecutive week. Benchmark indices witnessed a deeper cut led by heavy offloading in interest rate sensitive stocks. Fear over China's bid to cool down its economy coupled with US President Barack Obama's decision to put restrictions on banks further hit traders and investors mood. Also, expectations that RBI may tighten CRR for banks (which indeed came on Friday, CRR was hiked by 75bps and reverse repo was untouched) dampened the mood on Dalal Street. Finally, the BSE Sensex lost 3.1% and NSE Nifty lost 3%.Sensex intra-week high of 16,878 and low of 15,982Nifty intra-week high of 5,035 and low of 4,766
The top losers in the Sensex were Tata Motors (down 10.8%), Tata Steel (down 8.9%), Hindalco Inds (down 8.7%), Wipro (down 7.4%) and Hindustan Unilever (down 6.1%).
The top gainers:The top gainers in the Sensex were BHEL (up 1.1%) and ITC (up 0.4%). The BSE IT Index (down 4%): The top loser in the IT sector was HCL Tech. The stock declined by 9.4% during the week Wipro (down 7.4%), Mahindra Satyam (down 7.3%), Patni Computer (down 5%) and Oracle Financial (down 4.5%) were among the other major losers.
The BSE Consumer Index: The top losers in the Consumer Durables space were Whirlpool (down 11.5%), Su-Raj Diamonds (down 6.7%), Samtel Color (down 4.2%), Videocon Industries (down 3.5%) and Blue Star (down 2.5%).
The BSE Healthcare Index (down 1.5%): The top losers in the Pharma sector were Dishman Pharma (down 14.1%), Zandu Pharma (down 11.7%), Emami (down 9.2%), Natco Pharma (down 8%) and Glenmark Pharma (down 7.9%).The top gainers were Cadila Healthcare (up 10.5%), Torrent Pharma (up 9.4%), Sun Pharma (up 2.9%), Astrazeneca Pharma (up 1.6%) and Piramal Healthcare (up 1.2%).
The BSE Banking Index (down 2%): The top losers in the banking space were IOB (down 13.7%), BOI (down 6.9%), Federal Bank (down 5.6%), Yes Bank (down 3.9%) and Kotak Mahindra Bank (down 3.8%).The top gainers were OBC (up 8.1%), BOB (up 5.2%), Allahabad Bank (up 4.8%) and Canara Bank (up 0.1%).SBI slipped 1.5% during the week.
The BSE Auto Index (down 6%):The top losers in the auto space were Tata Motors (down 10.8%), Swaraj Mazda (down 7.9%), Hindustan Motors (down 6.4%) and Eicher Motors (down 6.4%), Maruti fell 4% during the week.M&M lost 10% during the week.
The BSE Oil & Gas Index (down 1.3%): The top losers in the oil & gas space were Hindustan Oil (down 9%), Gujarat NRE Coke (down 8.2%), Great Offshore (down 6.6%), BPCL (down 5.4%), HPCL (down 5.1%), ONGC (down 1.6%) and Reliance Industries (down 0.7%).Shiv-Vani Oil rose 1.4% during the week.
The BSE Capital Goods Index (down 1.5%): The top losers in the Capital Goods space were Aban Offshore (down 9.2%), Praj Industries (down 9.1%), BEML (down 8.7%), Astra Microwave (down 8.3%) and LMW (down 8%).The top gainers were Crompton Greaves (up 5.3%) and ABB (up 0.4%). BHEL advanced 1.1% during the week. The company would be signing a joint venture Agreement with Madhya Pradesh Power Generating Company for a formation of a joint venture Company to set up 2x800MW supercritical Thermal Power Plant in Khandwa, Madhya Pradesh.Siemens added 2.2% during the week. The company posted a net profit after tax of Rs2.36bn for the quarter ended December 31, 2009 as compared to Rs3.30bn for the quarter ended December 31, 2008. Total Income has increased from Rs18.63bn for the quarter ended December 31, 2008 to Rs18.66bn for the quarter ended December 31, 2009.
The Cement Sector: The top losers in the cement sector were Kakatiya Cement (down 13.1%), JK Cements (down 12.3%), Dalmia Cement (down 11.4%), Binani Indus (down 10.7%) and Madras Cements (down 10.4%). Ultratech Cement advanced 2% during the week.
The Telecom Sector: The top losers in the telecom were TTML (down 9.2%), MTNL (down 8.3%), Shyam Telecom (down 8.3%), RCom (down 6.5%) and WWIL (down 6%).The top gainers were Himachal Futuristic (up 13.6%).Bharti Airtel dropped 5% during the week
The Realty Sector (down 6.7%): The top losers in the Realty sector were Ansal Properties (down 6.6%), Unitech (down 6.4%), Omaxe (down 6.4%), HDIL (down 6.4%) and Anant Raj Indus (down 6.3%). DLF declined 5.4% during the week
The Metals sector (down 8%): The top loser in the metals sector was Tata Steel. The stock fell 9% during the week. SAIL declined 5% during the weekAmong the other major losers were Bhushan Steel (down 7.5%), Jindal Steel (down 6.9%), Adhunik Metaliks (down 5.9%) and Sunflag Iron (down 5%).
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Email:rakeshmakin@yahoo.com
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