MARKET LAST WEEK VIEW SECTOR WISE

Key indices continued to trade in a narrow range this week despite Infosys’ stellar results and strong IIP numbers. The IT index of course managed to add ~9%. Meanwhile, India’s inflation stood at 7.31% for December 2009 as compared to 4.78% for the previous month. This could add pressure on the RBI to suck out excess money from the system to control prices. Finally, the BSE 30-share Sensex ended flat at 17,554 and NSE Nifty also ended unchanged at 5,252 over the week.The BSE Sensex hit an intra-week high of 17,776 and low of 17,276 while, Nifty hit an intra-week high of 5,301 and low of 5,169.
The top gainers: The top gainers in the Sensex were TCS (up 13.1%), Wipro (up 10.2%), Infosys (up 8.6%), ACC (up 7.5%) and Ambuja Cements (up 6.9%).
The Top Losers: The top losers in the Sensex were SBI (down 6.2%), Hindalco (down 3.9%), ICICI Bank (down 3.6%), Hindustan Unilever (down 3.6%) and Reliance Infra (down 3.3%).
The BSE IT Index (up 9%): The whole IT pack was in momentum during the week after Infosys beat street estimates with its Q3 earnings. The top gainers in the IT sector were TCS (up 13.1%), Wipro (up 10.2%), Sasken Communication (up 7.5%), Oracle Financial (up 6%) and Patni Computer (up 5.3%).Infosys rose over 8.5% during the week
The BSE Consumer Index: The top gainers in the Consumer Durables sector were Samtel Color (up 24.2%), Whirlpool (up 6.7%), Mirc Electronics (up 5.3%), Su-Raj Diamonds (up 2.2%) and Titan Inds (up 1.3%). Videocon Industries fell 3.6% during the week.
The BSE Healthcare Index (up 0.6%): The top gainers in the Pharma space were Dishman Pharma (up 12.7%), Marksans Pharma (up 10.9%), Emami (up 10.1%), Ipca Labs (up 9.2%) and Morepen Labs (up 8.5%).The top losers were Sun Pharma (down 3.2%), Panacea Biotec (down 2.4%), Cadila Healthcare (down 1.8%), Astrazeneca Pharma (down 1.4%) and Lupin (down 1.3%).
The BSE Banking Index (down 2.3%): The top losers in the banking space were SBI (down 6.2%), Canara Bank (down 5%), ICICI Bank (down 3.6%), IOB (down 3.5%) and Kotak Mahindra Bank (down 2.8%). The top gainers in the banking space were Axis Bank (up 6.1%), Federal Bank (up 5.5%), Allahabad Bank (up 1.9%) and Yes Bank (up 1.7%). Saturday 16th January 2010
The BSE Auto Index (up 0.6%): The top gainer in the auto space was Bajaj Auto. The stock rose over 4.3% during the week. Tata Motors recovered smartly and ended the week with gains of 1%. The Group global sales, were 74,707 nos. in December 2009, a growth of 84% over December 2008. Cumulative sales for the fiscal (April – December 2009) are 595,766, higher by 9% compared to the corresponding period in 2008-09.Ashok Leyland (up 2.7%) and Hindustan Motors (up 1%) were among the other major gainers The top losers were Eicher Motors (down 2.9%), Maruti Suzuki (down 1.4%), Hero Honda (down 1.2%) and Swaraj Mazda (down 0.6%).
The BSE Oil & Gas Index (up 0.1%): The top gainer in the oil & gas space was Hindustan Oil Exploration. The stock was up 4.6% during the week. The company has started its onland appraisal drilling programme in the Assam block AAP-ON-94/1.Gujarat NRE Coke (up 4.2%), Jindal Drilling (up 4%), Great Offshore (up 3.3%) and IOC (up 2.7%) were among the other notables gainers.The top losers were Cairn India (down 2.8%), Essar Oil (down 2.7%), GSPL (down 2.2%), BPCL (down 1.9%) and HPCL (down 1.8%).

The BSE Capital Goods Index (down 0.3%): The Capital Goods stocks were in demand througout the week after index of Industrial Production witnessed a robust growth in November. IIP for November had a growth rate surging to 11.7% from 2.5% for the corresponding month last year, and higher than the growth rate for October.The top gainer in the Capital Goods space was Dredging Corp. The stock shot up by over 26% during the week on hopes of disinvestment buzz. Thermax surged over 10.4% during the week. The company received a Rs2.4bn order from a leading business house to supply CFBC boilers for independent power plants.Among the other major gainers were, ABB (up 7.6%), Bharat Electronics (up 7.2%) and Jyoti Structures (up 5.6%).The top losers were LMW (down 3.4%), BHEL (down 2.2%), Areva T&D (down 2%), Carborundum Universal (down 1.8%) and Usha Martin (down 1.6%).
The Cement Sector: The top gainers in the cement sector were Dalmia Cement (up 11.5%), Madras Cements (up 11.3%), ACC (up 7.5%), Mangalam Cement (up 5.7%), Binani Indus (up 5.5%) and Grasim Inds (up 3.3%).
The Telecom Sector: The top gainers in the telecom space were Himachal Futuristic (up 23.6%), Shyam Telecom (up 6%), TTML (up 5.8%) and MTNL (up 5.3%).The top losers were Gemini Comm (down 4%) and Idea Cellular (down 2.1%).Bharti Airtel lost 2.5% during the week. RCom advanced by over 6% during the week. SEBI cleared Reliance Infratel’s draft red herring prospectus for its proposed IPO. Reliance Infratel will offer 10% equity under the proposed IPO.
The Realty Sector (up 0.2%): The top gainers in the real estate space were Sobha Developers (up 10.4%), Anant Raj Indus (up 6.3%), Omaxe (up 5.1%), Ansal Props (up 3.4%) and Unitech (up 2.4%).The top losers were Akruti City (down 1.2%), DLF (down 0.9%), Parsvnath (down 0.8%) and Mahindra Lifespace (down 0.5%).
The Metals sector (down 0.8%): The top losers were Sunflag Iron (down 2.1%), Ispat Industries (down 1.3%), SAIL (down 0.6%), Lloyds Metals (down 0.6%) and Tata Steel (down 0.5%).The top gainers in the metals sector were Bhuwalka Steel (up 10.9%), Tata Sponge (up 7.7%), JSW Steel (up 5.5%), Bhushan Steel (up 3.8%) and Tata Metaliks (up 3.7%).