WE ALL OVER WELL PERFORMED
Indian markets witnessed its first weekly losses of the year on account of disappointing earnings by L&T and US President Obama’s proposal to put new limits on the size and trading practices of big banks weighed heavily on Dalal Street. Moreover, key indices had largely been consolidating after last year's stupendous rebound, so a correction was long overdue. Finally, the BSE Sensex closed the week lower by 4% and NSE Nifty lost 4.1%.BSE Sensex hit an intra-week high of 17,712 and low of 16,608 while, NSE Nifty hit an intra-week high of 5,293 and low of 4,955.
The top gainers: The top gainers in the Sensex were Maruti Suzuki (up 2.2%), Bharti Airtel (up 1.5%), Hero Honda (up 1.5%), Hindustan Unilever (up 0.6%) and BHEL (up 0.4%).
The Top Losers: The top losers in the Sensex were L&T (down 10.9%), Ranbaxy Labs (down 9.5%), DLF (down 8.7%), Tata Power (down 8.4%) and Grasim (down 8%). The BSE IT Index (down 4%): The top losers in the IT sector were Oracle Financial (down 8.1%), Mahindra Satyam (down 8%), Patni Computer (down 6.1%) and Sasken Communication (down 4.3%).Wipro fell 5% during the week TCS slipped 4.2% during the week.HCL Tech rose over 3.5% during the week.
The BSE Consumer Index: The top losers in the Consumer Durables were Samtel Color (down 15.3%), Su-Raj Diamonds (down 7.1%) and Videocon Industries (down 3%).
The BSE Healthcare Index (down 6%): The top losers in the Pharma space were Morepen Labs (down 9.8%), Ranbaxy Labs (down 9.5%), Divi’s Labs (down 9.4%), Zandu Pharma (down 8.9%) and Suven Life Science (down 8.7%).
The top gainer was Strides Arcolab; the stock rose 14.4% during the week after the company announced collaboration with Pfizer, USA where Pfizer will commercialese the latter's off-patent sterile injectables and oral products in the US.Among the other major gainers were Panacea Biotec (up 5%), Ipca Labs (up 1.1%), Lupin (up 0.6%) and Aurobindo Pharma (up 0.5%).
The BSE Banking Index (down 1.1%): The top loser in the banking space was Axis Bank, the stock slipped 4.3% during the week. Yes Bank fell 3% during the week. Among the other notable gainers were OBC (down 4.1%), IOB (down 3.4%) and SBI (down 2.6%).The top gainers were Federal Bank (up 3.2%), Bank of Baroda (up 1.5%), Bank of India (up 1.4%), Canara Bank (up 1.3%) and Allahabad Bank (up 0.7%).
The BSE Auto Index (down 0.5%): The top losers in the auto space were Hindustan Motors (down 8.8%), Ashok Leyland (down 4.6%), Eicher Motors (down 4%), Swaraj Mazda (down 4%) and Tata Motors (down 2.4%). The top gainers in the auto space were Bajaj Auto (up 3.5%), Maruti Suzuki (up 2.2%) and Hero Honda (up 1.5%). The BSE Oil & Gas Index (down 6.1%): The top losers in the oil & gas space were Gujarat NRE Coke (down 11.5%), Hindustan Oil (down 11.3%), HPCL (down 9%), Cairn India (down 8.5%) and ONGC (down 7.9%).
The BSE Capital Goods Index (down 6.5%): The top losers in the Capital Goods were Jyoti Structures (down 12.2%), Aban Offshore (down 11.9%), Praj Industries (down 10.6%) and HEG Ltd (down 7.7%).L&T declined 11% during the week. The top gainers were Carborundum Universal (up 8.7%), Astra Microwave (up 8.5%), Gammon India (up 6.4%), Dredging Corp (up 5.1%) and Kirloskar Bros (up 2.7%).
The Cement Sector: The top loser in the cement sector was Ultratech Cement. The stock slipped 12% during the week. India Cements (down 10%), Madras Cements (down 9.5%), Dalmia Cement (down 9.2%) and Grasim Inds (down 8%) were among the other major losers.
The Telecom Sector: The top losers in the telecom space were Himachal Futuristic (down 10.4%), WWIL (down 8.8%), Gemini Comm (down 8.8%), Shyam Telecom (down 8.7%), Tata Communication (down 6.8%), MTNL (down 6.1%) and Reliance Com L (down 5.2%).The top gainer in the telecom space was Idea Cellular (up 4.6%). Bharti Airtel rose 1.5% during the week after the company posted a net profit of Rs22.36bn for the quarter ended December 31, 2009 as compared to Rs19.76bn for the quarter ended December 31, 2008. Total Income has increased from Rs96.88bn for the quarter ended December 31, 2008 to Rs103.27bn for the quarter ended December 31, 2009.
The Realty Sector (down 8%): The top losers in the realty space were Peninsula Land (down 11.3%), Unitech (down 10.5%), Omaxe (down 9.2%), Ansal Props (down 8.8%) and DLF (down 8.7%),
The Metals sector (down 3.6%): The top losers in the metals sector were Jindal Stainless (down 9.6%), Tata Metaliks (down 9.4%), Ispat Industries (down 8.7%) and Tata Sponge (down 8.1%).JSW Steel slipped 7% during the week.
Core sector output for December up 6%
India’s core sector, which comprises six key infrastructure industries, grew 6 per cent in December, compared with 5.3 per cent growth in the previous month. The growth, signifying a recovery in industrial manufacturing, was primarily led by an increase in the production of finished steel, cement and electricity last month. The core sector growth stood at 0.7 per cent in December 2008, due to the economic slowdown
The sector, which accounts for 26.7 per cent of the Index of Industrial Production (IIP), grew 4.8 per cent in April-December period in the current financial year, against 3.2 per cent in the corresponding period of 2008-09, showed official data released by the commerce and industry ministry .“The data are on expected lines. We can expect double-digit growth in IIP numbers… The core data alone do not signify much and the recovery in the economy is more visible in IIP and other data,
Finished steel output and electricity grew 9.6 per cent and 5.4 per cent respectively, against a drop of 8 per cent and growth of 1.5 per cent, respectively, in the same month last year. Crude oil production grew by 1.1 per cent, against a fall of 0.3 per cent in December 2008. Coal and cement output grew 2.5 per cent and 11 per cent, respectively. In the corresponding month of 2008, coal and cement recorded growth of 11.2 and 11.6 per cent, respectively. Only petroleum refinery products grew marginally by 0.9 per cent in December 2009, against 3 per cent growth in the same month last financial year .In the April-December period, the output of crude oil and petroleum refinery products fell by 1 per cent each, compared with a 0.5 per cent decline in the year-ago period. While coal and cement rose by 8.3 per cent and 11 per cent, respectively, electricity and finished steel also posted moderate growth of 6 per cent and 3.6 per cent, respectively, in the nine-month period.
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
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
The top gainers: The top gainers in the Sensex were Maruti Suzuki (up 2.2%), Bharti Airtel (up 1.5%), Hero Honda (up 1.5%), Hindustan Unilever (up 0.6%) and BHEL (up 0.4%).
The Top Losers: The top losers in the Sensex were L&T (down 10.9%), Ranbaxy Labs (down 9.5%), DLF (down 8.7%), Tata Power (down 8.4%) and Grasim (down 8%). The BSE IT Index (down 4%): The top losers in the IT sector were Oracle Financial (down 8.1%), Mahindra Satyam (down 8%), Patni Computer (down 6.1%) and Sasken Communication (down 4.3%).Wipro fell 5% during the week TCS slipped 4.2% during the week.HCL Tech rose over 3.5% during the week.
The BSE Consumer Index: The top losers in the Consumer Durables were Samtel Color (down 15.3%), Su-Raj Diamonds (down 7.1%) and Videocon Industries (down 3%).
The BSE Healthcare Index (down 6%): The top losers in the Pharma space were Morepen Labs (down 9.8%), Ranbaxy Labs (down 9.5%), Divi’s Labs (down 9.4%), Zandu Pharma (down 8.9%) and Suven Life Science (down 8.7%).
The top gainer was Strides Arcolab; the stock rose 14.4% during the week after the company announced collaboration with Pfizer, USA where Pfizer will commercialese the latter's off-patent sterile injectables and oral products in the US.Among the other major gainers were Panacea Biotec (up 5%), Ipca Labs (up 1.1%), Lupin (up 0.6%) and Aurobindo Pharma (up 0.5%).
The BSE Banking Index (down 1.1%): The top loser in the banking space was Axis Bank, the stock slipped 4.3% during the week. Yes Bank fell 3% during the week. Among the other notable gainers were OBC (down 4.1%), IOB (down 3.4%) and SBI (down 2.6%).The top gainers were Federal Bank (up 3.2%), Bank of Baroda (up 1.5%), Bank of India (up 1.4%), Canara Bank (up 1.3%) and Allahabad Bank (up 0.7%).
The BSE Auto Index (down 0.5%): The top losers in the auto space were Hindustan Motors (down 8.8%), Ashok Leyland (down 4.6%), Eicher Motors (down 4%), Swaraj Mazda (down 4%) and Tata Motors (down 2.4%). The top gainers in the auto space were Bajaj Auto (up 3.5%), Maruti Suzuki (up 2.2%) and Hero Honda (up 1.5%). The BSE Oil & Gas Index (down 6.1%): The top losers in the oil & gas space were Gujarat NRE Coke (down 11.5%), Hindustan Oil (down 11.3%), HPCL (down 9%), Cairn India (down 8.5%) and ONGC (down 7.9%).
The BSE Capital Goods Index (down 6.5%): The top losers in the Capital Goods were Jyoti Structures (down 12.2%), Aban Offshore (down 11.9%), Praj Industries (down 10.6%) and HEG Ltd (down 7.7%).L&T declined 11% during the week. The top gainers were Carborundum Universal (up 8.7%), Astra Microwave (up 8.5%), Gammon India (up 6.4%), Dredging Corp (up 5.1%) and Kirloskar Bros (up 2.7%).
The Cement Sector: The top loser in the cement sector was Ultratech Cement. The stock slipped 12% during the week. India Cements (down 10%), Madras Cements (down 9.5%), Dalmia Cement (down 9.2%) and Grasim Inds (down 8%) were among the other major losers.
The Telecom Sector: The top losers in the telecom space were Himachal Futuristic (down 10.4%), WWIL (down 8.8%), Gemini Comm (down 8.8%), Shyam Telecom (down 8.7%), Tata Communication (down 6.8%), MTNL (down 6.1%) and Reliance Com L (down 5.2%).The top gainer in the telecom space was Idea Cellular (up 4.6%). Bharti Airtel rose 1.5% during the week after the company posted a net profit of Rs22.36bn for the quarter ended December 31, 2009 as compared to Rs19.76bn for the quarter ended December 31, 2008. Total Income has increased from Rs96.88bn for the quarter ended December 31, 2008 to Rs103.27bn for the quarter ended December 31, 2009.
The Realty Sector (down 8%): The top losers in the realty space were Peninsula Land (down 11.3%), Unitech (down 10.5%), Omaxe (down 9.2%), Ansal Props (down 8.8%) and DLF (down 8.7%),
The Metals sector (down 3.6%): The top losers in the metals sector were Jindal Stainless (down 9.6%), Tata Metaliks (down 9.4%), Ispat Industries (down 8.7%) and Tata Sponge (down 8.1%).JSW Steel slipped 7% during the week.
Core sector output for December up 6%
India’s core sector, which comprises six key infrastructure industries, grew 6 per cent in December, compared with 5.3 per cent growth in the previous month. The growth, signifying a recovery in industrial manufacturing, was primarily led by an increase in the production of finished steel, cement and electricity last month. The core sector growth stood at 0.7 per cent in December 2008, due to the economic slowdown
The sector, which accounts for 26.7 per cent of the Index of Industrial Production (IIP), grew 4.8 per cent in April-December period in the current financial year, against 3.2 per cent in the corresponding period of 2008-09, showed official data released by the commerce and industry ministry .“The data are on expected lines. We can expect double-digit growth in IIP numbers… The core data alone do not signify much and the recovery in the economy is more visible in IIP and other data,
Finished steel output and electricity grew 9.6 per cent and 5.4 per cent respectively, against a drop of 8 per cent and growth of 1.5 per cent, respectively, in the same month last year. Crude oil production grew by 1.1 per cent, against a fall of 0.3 per cent in December 2008. Coal and cement output grew 2.5 per cent and 11 per cent, respectively. In the corresponding month of 2008, coal and cement recorded growth of 11.2 and 11.6 per cent, respectively. Only petroleum refinery products grew marginally by 0.9 per cent in December 2009, against 3 per cent growth in the same month last financial year .In the April-December period, the output of crude oil and petroleum refinery products fell by 1 per cent each, compared with a 0.5 per cent decline in the year-ago period. While coal and cement rose by 8.3 per cent and 11 per cent, respectively, electricity and finished steel also posted moderate growth of 6 per cent and 3.6 per cent, respectively, in the nine-month period.
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
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
Group mail id: makin97NSEtips@yahoogroups.co.in
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