A week before the Union Budget, key indices pared their weekly gains and closed flat following an unexpected move by the US Federal Reserve to hike discount rate. Concerns that the government may rollback some of the stimulus measures during next week’s budget also weighed heavily on the bourses. Finally, the Sensex was up 0.2% and NSE Nifty rose 0.4% for the week.The BSE Sensex hit an intra-week high of 16,452 and low of 16,011 while the NSE Nifty hit an intra-week high of 4,922 and low of 4,791
The top gainers: The top gainers in the Sensex were Hindalco (up 8.4%), Ranbaxy Labs (up 6.6%), HDFC Bank (up 6%), Tata Steel (up 5%) and HDFC (up 4.1%)
The Top Losers: The top losers in the Sensex were Bharti Airtel (down 11.4%), Reliance Infra (down 5.7%), DLF (down 5.2%), Reliance Inds (down 3.1%) and Reliance Capital (down 3.1%).
The BSE IT Index (up 1.2%): The top gainers in the IT sector were HCL Tech (up 4%), Patni Computer (up 3.8%) and Wipro (up 1.5%). Infosys advanced 1.4% during the week. Standard & Poor's Ratings announced that it had revised its outlook on the company to positive. At the same time affirmed the 'BBB' long-term corporate credit rating on the company.Mahindra Satyam gained 2% during the week. The company is looking to hire around 5,000 people, including freshers and experienced professionals, by the end of the next month, stated reports.The top losers were Oracle Financial (down 1.7%), Financial Tech (down 1.6%) and Sasken Communication (down 1.3%).
The BSE Consumer Index: The top gainers in the Consumer Durables sector were Titan Inds (up 4.3%) and Whirlpool (up 2.7%). Videocon Industries rose 2.6% during the week after the stock entered the F&O segment from February 19, 2010.The top losers were Samtel Color (down 3.7%), Su-Raj Diamonds (down 2.4%) and Mirc Electronics (down 1.7%).
The BSE Healthcare Index (up 2%): The top gainers in the Pharma space were Orchid Chem (up 11.5%), Ranbaxy Labs (up 6.6%), Glaxosmithkline (up 4.6%), Divi’s Labs (up 3.7%) and Dr Reddy's Labs (up 2.8%)The top losers were Suven Life Science (down 5.9%), Panacea Biotec (down 4.3%), Fresenius Kabi (down 4.3%), Morepen Labs (down 4.2%) and Zandu Pharma (down 3.3%).
The BSE Banking Index (up 1.6%): The top gainers in the banking space were HDFC Bank (up 6%), Bank of Baroda (up 2.2%), ICICI Bank (up 0.9%) and Karnataka Bank (up 0.8%). Axis Bank surged 6% during the week on overseas expansion plans. According to reports the company has sought the government’s permission to set up a subsidiary in the UK.The top losers were OBC (down 3.7%), Yes Bank (down 3.4%), Union Bank of India (down 3.3%), Bank of India (down 2.6%) and Andhra Bank (down 1.4%)
The BSE Auto Index (up 0.5%): The top gainers in the auto space were Eicher Motors (up 5.8%), Swaraj Mazda (up 2.1%), Tata Motors (up 1.7%), M&M (up 1.5%) and Maruti Suzuki (up 1.1%). The top losers were Ashok Leyland (down 2.7%), Hindustan Motors (down 2.3%) and Hero Honda (down 0.6%).
The BSE Oil & Gas Index (down 1.6%): The top losers in the oil & gas space were Hindustan Oil (down 8.6%), Shiv-Vani Oil (down 5%), GSPL (down 3.5%) and Jindal Drilling (down 3.5%). Shares of Reliance Industries fell 3.1% during the week on reports that the company was planning to bid more than US$14.5bn for LyondellBasell Industries AF. Lyondell Chemical, a unit of LyondellBasell, reached a settlement with unsecured creditors and lenders February 16 to pay US$450mn, higher than an earlier proposal for US$300mn.The top gainers in the oil & gas space were Gujarat NRE Coke (up 9.2%), IOC (up 2.6%), Chennai Petroleum (up 2.1%) and Cairn India (up 2%).BPCL rose 3% during the week after announcing that it found gad in a block in Mozambique where it owns a 10% stake.
The BSE Capital Goods Index (up 1.1%): The top gainers in the Capital Goods space were Usha Martin (up 8.8%), Siemens India (up 4.6%) and Bharat Electronics (up 4.1%). Areva T&D surged 2.3% during the week as the stock was included in the F&O segment from Feb 19, 2010. In addition the company also bagged an eBOP contract from L&T Power. L&T advanced 2.1% during the week. The top losers were Elgi Equipments (down 4.5%), Praj Industries (down 4.2%), Gammon India (down 4.2%), Ingersoll Rand (down 3.4%) and Thermax (down 3.2%).
The Cement Sector: The top gainers in the cement sector were JK Cements (up 13.7%), Dalmia Cement (up 9.8%), Shree Cement (up 7%), Mangalam Cement (up 3.4%) and Ultratech Cement (up 2.6%).The top losers in the cement sector were Gujarat Sidhee (down 3%), Binani Indus (down 2.7%), India Cements (down 1.8%), Madras Cements (down 1.6%) and Kakatiya Cement (down 1.6%).
The Telecom Sector: The top loser in the telecom space was Bharti Airtel. The stock fell 11.4% during the week. According to a report, released by IIFL during the week. “Bharti’s offer to Zain of $10.7bn (EV) for the Africa assets of Zain (excl Sudan and Morocco) has reportedly been accepted by the board of Zain. Turnaround a formidable task; earliest year when EPS neutral can be achieved is FY13: In our opinion, turning Zain around will be a formidable task. While Bharti has stated its intention of implanting its low-cost model honed in India, this may not be a novelty, given that companies like Vodacom have had opportunities to learn from the India presence of the group”. R COM (down 4.4%), Himachal Futuristic (down 3.4%), WWIL (down 3.1%) and TTML (down 2.1%) were among the other major losers. MTNL was the top gainer among the telecom stocks. The stock rose over 3% during the week. The company has been selected as the telecom service provider for the 2010 Commonwealth Games, with the cabinet approving a budget of Rs1.82bn for it Gemini Communication was the other gainer, adding 2.1% during the week.
The Realty Sector (down 6%): Fears of rate hike by the RBI coupled with overall risk aversion weighed heavily on the real estate sector. The top losers were Unitech (down 6.1%), Ansal Props (down 5.9%), DLF (down 5.2%), Parsvnath (down 4%) and Sobha Developers (down 3.4%). The top gainers were Peninsula Land (up 2.7%) and Omaxe (up 1.3%).
The Metals sector (up 1.1%): The top gainers in the metals sector were Tata Steel (up 5%), Sunflag Iron (up 2.3%), Bhushan Steel (up 1.9%) and Lloyds Metals (up 1.8%).Shares of JSW Steel rose over 3.5% during the week on reports that the company is planning to raise US$300-500mn via QIP issue before the end of the March 31, 2010.The top losers were Tata Sponge (down 3.5%), Ispat Industries (down 2.1%), Monnet Ispat (down 1.6%), Jindal Steel (down 1.3%) and Jindal Stainless (down 0.8%).
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
The top gainers: The top gainers in the Sensex were Hindalco (up 8.4%), Ranbaxy Labs (up 6.6%), HDFC Bank (up 6%), Tata Steel (up 5%) and HDFC (up 4.1%)
The Top Losers: The top losers in the Sensex were Bharti Airtel (down 11.4%), Reliance Infra (down 5.7%), DLF (down 5.2%), Reliance Inds (down 3.1%) and Reliance Capital (down 3.1%).
The BSE IT Index (up 1.2%): The top gainers in the IT sector were HCL Tech (up 4%), Patni Computer (up 3.8%) and Wipro (up 1.5%). Infosys advanced 1.4% during the week. Standard & Poor's Ratings announced that it had revised its outlook on the company to positive. At the same time affirmed the 'BBB' long-term corporate credit rating on the company.Mahindra Satyam gained 2% during the week. The company is looking to hire around 5,000 people, including freshers and experienced professionals, by the end of the next month, stated reports.The top losers were Oracle Financial (down 1.7%), Financial Tech (down 1.6%) and Sasken Communication (down 1.3%).
The BSE Consumer Index: The top gainers in the Consumer Durables sector were Titan Inds (up 4.3%) and Whirlpool (up 2.7%). Videocon Industries rose 2.6% during the week after the stock entered the F&O segment from February 19, 2010.The top losers were Samtel Color (down 3.7%), Su-Raj Diamonds (down 2.4%) and Mirc Electronics (down 1.7%).
The BSE Healthcare Index (up 2%): The top gainers in the Pharma space were Orchid Chem (up 11.5%), Ranbaxy Labs (up 6.6%), Glaxosmithkline (up 4.6%), Divi’s Labs (up 3.7%) and Dr Reddy's Labs (up 2.8%)The top losers were Suven Life Science (down 5.9%), Panacea Biotec (down 4.3%), Fresenius Kabi (down 4.3%), Morepen Labs (down 4.2%) and Zandu Pharma (down 3.3%).
The BSE Banking Index (up 1.6%): The top gainers in the banking space were HDFC Bank (up 6%), Bank of Baroda (up 2.2%), ICICI Bank (up 0.9%) and Karnataka Bank (up 0.8%). Axis Bank surged 6% during the week on overseas expansion plans. According to reports the company has sought the government’s permission to set up a subsidiary in the UK.The top losers were OBC (down 3.7%), Yes Bank (down 3.4%), Union Bank of India (down 3.3%), Bank of India (down 2.6%) and Andhra Bank (down 1.4%)
The BSE Auto Index (up 0.5%): The top gainers in the auto space were Eicher Motors (up 5.8%), Swaraj Mazda (up 2.1%), Tata Motors (up 1.7%), M&M (up 1.5%) and Maruti Suzuki (up 1.1%). The top losers were Ashok Leyland (down 2.7%), Hindustan Motors (down 2.3%) and Hero Honda (down 0.6%).
The BSE Oil & Gas Index (down 1.6%): The top losers in the oil & gas space were Hindustan Oil (down 8.6%), Shiv-Vani Oil (down 5%), GSPL (down 3.5%) and Jindal Drilling (down 3.5%). Shares of Reliance Industries fell 3.1% during the week on reports that the company was planning to bid more than US$14.5bn for LyondellBasell Industries AF. Lyondell Chemical, a unit of LyondellBasell, reached a settlement with unsecured creditors and lenders February 16 to pay US$450mn, higher than an earlier proposal for US$300mn.The top gainers in the oil & gas space were Gujarat NRE Coke (up 9.2%), IOC (up 2.6%), Chennai Petroleum (up 2.1%) and Cairn India (up 2%).BPCL rose 3% during the week after announcing that it found gad in a block in Mozambique where it owns a 10% stake.
The BSE Capital Goods Index (up 1.1%): The top gainers in the Capital Goods space were Usha Martin (up 8.8%), Siemens India (up 4.6%) and Bharat Electronics (up 4.1%). Areva T&D surged 2.3% during the week as the stock was included in the F&O segment from Feb 19, 2010. In addition the company also bagged an eBOP contract from L&T Power. L&T advanced 2.1% during the week. The top losers were Elgi Equipments (down 4.5%), Praj Industries (down 4.2%), Gammon India (down 4.2%), Ingersoll Rand (down 3.4%) and Thermax (down 3.2%).
The Cement Sector: The top gainers in the cement sector were JK Cements (up 13.7%), Dalmia Cement (up 9.8%), Shree Cement (up 7%), Mangalam Cement (up 3.4%) and Ultratech Cement (up 2.6%).The top losers in the cement sector were Gujarat Sidhee (down 3%), Binani Indus (down 2.7%), India Cements (down 1.8%), Madras Cements (down 1.6%) and Kakatiya Cement (down 1.6%).
The Telecom Sector: The top loser in the telecom space was Bharti Airtel. The stock fell 11.4% during the week. According to a report, released by IIFL during the week. “Bharti’s offer to Zain of $10.7bn (EV) for the Africa assets of Zain (excl Sudan and Morocco) has reportedly been accepted by the board of Zain. Turnaround a formidable task; earliest year when EPS neutral can be achieved is FY13: In our opinion, turning Zain around will be a formidable task. While Bharti has stated its intention of implanting its low-cost model honed in India, this may not be a novelty, given that companies like Vodacom have had opportunities to learn from the India presence of the group”. R COM (down 4.4%), Himachal Futuristic (down 3.4%), WWIL (down 3.1%) and TTML (down 2.1%) were among the other major losers. MTNL was the top gainer among the telecom stocks. The stock rose over 3% during the week. The company has been selected as the telecom service provider for the 2010 Commonwealth Games, with the cabinet approving a budget of Rs1.82bn for it Gemini Communication was the other gainer, adding 2.1% during the week.
The Realty Sector (down 6%): Fears of rate hike by the RBI coupled with overall risk aversion weighed heavily on the real estate sector. The top losers were Unitech (down 6.1%), Ansal Props (down 5.9%), DLF (down 5.2%), Parsvnath (down 4%) and Sobha Developers (down 3.4%). The top gainers were Peninsula Land (up 2.7%) and Omaxe (up 1.3%).
The Metals sector (up 1.1%): The top gainers in the metals sector were Tata Steel (up 5%), Sunflag Iron (up 2.3%), Bhushan Steel (up 1.9%) and Lloyds Metals (up 1.8%).Shares of JSW Steel rose over 3.5% during the week on reports that the company is planning to raise US$300-500mn via QIP issue before the end of the March 31, 2010.The top losers were Tata Sponge (down 3.5%), Ispat Industries (down 2.1%), Monnet Ispat (down 1.6%), Jindal Steel (down 1.3%) and Jindal Stainless (down 0.8%).
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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