MARKET UPS & DOWNS SECTOR WISE THIS WEEK

Indian markets extended losses to the second straight week declining over 1000 points or 6% in last 15 days. Markets witnessed a deeper cut amid a spate of fresh worries from China’s tightening, to new restrictions for US banks to sovereign debt concerns in Europe. Back home concern remains in the form of inflation and its ramifications on the stimulus-fueled recovery. Finally, the BSE Sensex closed lower by 3.5% and NSE Nifty closed lower by 3.3%. The BSE Sensex hit an intra-week high of 16,552 and low of 15,725 while, NSE Nifty hit an intra-week high of 4,951 and low of 4,692

The top gainers: The top gainers in the Sensex were Hero Honda (up 1.7%) and HDFC (up 0.2%).

The Top Losers: The top losers in the Sensex were Ranbaxy Labs (down 11.1%), SBI (down 7.7%), DLF (down 7.5%), Hindalco (down 6.2%) and Reliance Capital (down 6.2%).

The BSE IT Index (down 3.6%): The top losers in the IT sector were Financial Tech (down 8.2%), Sasken Communication (down 7.5%), Infosys (down 5%), Mahindra Satyam (down 3.3%) and Patni Computer (down 3.2%).The top gainers were Mphasis (up 3.6%) and Oracle Financial (up 0.5%).

The BSE Consumer Index: The top losers in the consumer durables space were Videocon Industries (down 6.5%), Samtel Color (down 0.8%), Whirlpool (down 0.7%) and Su-Raj Diamonds (down 0.4%). The top gainers were Titan Inds (up 12.1%) and Mirc Electronics (up 1.5%).

The BSE Healthcare Index (down 0.6%): The top loser in the Pharma space was Ranbaxy Labs. The stock fell 11% during the week. According to reports the US drugs regulator has asked the company to immediately assess the manufacturing practices at its plants.Among the other major losers were Panacea Biotec (down 9.9%), Strides Arcolab (down 9.5%), Orchid Chem (down 9.1%), Wockhardt (down 7.5%) and Divi Labs (down 7.5%).The top gainers were Lupin (up 8%), Emami (up 6.9%), Torrent Pharma (up 6.2%), Glenmark Pharma (up 3.5%) and Aurobindo Pharma (up 3.3%).

The BSE Banking Index (down 4.5%): The top losers in the banking space were Karnataka Bank (down 11.6%), Andhra Bank (down 8.6%), Kotak Mahindra Bank (down 8%), SBI (down 7.7%), BOI (down 7.5%) and HDFC Bank (down 3.5%).

The BSE Auto Index (down 2.2%): The top losers in the auto space were Eicher Motors (down 6.8%), Hindustan Motors (down 5%), M&M (down 4.1%), Bajaj Auto (down 3.7%) and Tata Motors (down 3.2%).Bucking the negative trend were Hero Honda (up 1.7%) and Swaraj Mazda (up 0.2%).

The BSE Oil & Gas Index (down 3.6%): The top loser in the oil & gas space was Reliance Industries. The stock lost 6.2% during the week. According to reports, Reliance Industries submitted a US$2bn expression of interest for private Canadian firm Value Creation INC. Among the other major losers were, Hindustan Oil (down 5.5%), Cairn India (down 4%), MRPL (down 3.6%) and Jindal Drilling (down 3.1%).The top gainers were BPCL (up 5%), IOC (up 2.2%), HPCL (up 1.8%), Shiv-Vani Oil (up 1.8%) and Gujarat NRE Coke (up 0.9%).

The BSE Capital Goods Index (down 2.5%): The top losers in the capital goods sector were Dredging Corp (down 9.2%), SKF India (down 6.3%), Gammon India (down 6.2%), Carborundum Universal (down 5.1%) and BHEL (down 4.5%).The top gainers were Elgi Equipments (up 4.2%), Greaves Cotton (up 1.2%), Esab India (up 1.2%), HEG (up 0.8%) and BEL (up 0.3%).

The Cement Sector: The top losers in the cement sector were Binani Indus (down 10.6%), Kakatiya Cement (down 4.8%), Gujarat Sidhee (down 4%) and JK Cements (down 2.9%). ACC fell 3% during the week. Ambuja Cement fell 2% during the week. The top gainers in the cement sector were Dalmia Cement (up 7.8%), Prism Cement (up 7.7%), Mangalam Cement (up 1.5%), Ultratech Cement (up 0.3%) and India Cements (up 0.1%).

The Telecom Sector: The top losers in the telecom sector were TTML (down 7.3%), MTNL (down 6.3%), Tata Communication (down 4.6%), RCom (down 3.7%), Gemini Comm (down 3.5%) and Bharti Airtel (down 2.1%).

The Realty Sector (down 7.1%): The Realty index was the top loser among the sectoral indices. The top losers were Peninsula Land (down 11%), Anant Raj Indus (down 8.9%), HDIL (down 8.7%), DLF (down 7.5%), Unitech (down 7.2%) and Akruti City (down 4.5%).

The Metals sector (down 3.8%): The top losers in the metals sector were SAIL (down 5.2%), Lloyds Metals (down 4.9%), Tata Metaliks (down 4.7%), Jindal Stainless (down 4.4%) and Ispat Industries (down 4.3%). JSW Steel fell 2.1% during the week.

The company’s crude steel production increased 66% to 5.33 lakh tons in the month of January 2010, compared to the corresponding month in the last fiscal year.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

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PANCHKULA (Haryana).

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