Posts Tagged ‘Top losers’

Indians Equities Gained a Meagre 14 Points this Week

Indians Equities Gained a Meagre 14 Points this Week

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A benchmark index of Indian equities gained a meagre 14 points this week from its last weekly close even as broader indices managed to move up significantly and foreign investors bought into a wide range of scrips.

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Trading this week was range-bound on most days, and brushed aside improved industrial output numbers.

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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose 14.1 points or 0.08 percent to end Friday at 17,584.87 points, from its previous weekly close at 17,540.29 points.

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The broader S&P CNX Nifty of the National Stock Exchange (NSE) moved up 0.14 percent or 7.45 points from its last weekly close to end at 5,252.2 points.

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Broader market indices, however, reflected the buying interest in mid-to-small sized scrips as the BSE midcap index ended 1.5 percent up and the BSE smallcap index rose 3.14 percent.

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Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips worth $981.55 million.

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According to Jagannadham Thunuguntla, the equity head for brokerage firm SMC Capitals, the benchmark indices will continue to see a lot of sideways movement, having rallied over 90 percent in a year.

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‘Such sideways movement is expected, and will be the norm for some time to come.

Positive economic numbers and encouraging corporate results will not always translate into gains in the market,’ said Thunuguntla.

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The week started on a lackluster note Monday, with the Sensex ending 13 points lower at 17,526.71 points due to profit booking in front line stocks — Reliance Industries, ICICI Bank, and SBI.

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The Nifty, which followed a similar trajectory to the BSE benchmark, managed to gain marginally at 5,249.4 points, a rise of 0.09 percent.

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The top gainers in the Sensex were TCS (up 13.1 percent), Wipro (up 10.2 percent), Infosys (up 8.6 percent), ACC (up 7.5 percent) and Ambuja Cements (up 6.9 percent).

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Among top losers were SBI (down 6.2 percent), Hindalco (down 3.9 percent), ICICI Bank (down 3.6 percent), Hindustan Unilever (down 3.6 percent) and Reliance Infra (down 3.3 percent).

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Downward Movement Hits Indian Equities Markets

Downward Movement Hits Indian Equities Markets

Downward Movement Hits Indian Equities Markets

Indian equities markets entered into a consolidation zone with analysts terming the downward movement as long expected.

A benchmark index fell 5.44 percent from its last weekly close and ended trade below the 16,000-mark.

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The 30-share sensitive index (Sensex) ended 914.53 points, or 5.44 percent lower, at 15,896.28 points at the weekly close Friday, as opposed to the previous week’s close at 16,810.81 points.

The broader S&P CNX Nifty of the National Stock Exchange (NSE), too slipped, closing at 4,711.7 points, down 5.7 percent from its last weekly close.

However, companies with large-to-medium market capitalization saw greater selling with the BSE midcap index ending 7.36 percent lower and the BSE smallcap index losing 8.01 percent over the last week.

“This consolidation was expected anyways as the valuations were not commensurate with the earnings of corporates. To an extent a correction in valuations was warranted,” said Jagannadham Thunuguntla, equities head of brokerage and capital markets consultancy SMC Capital.

The markets started on a cautious note Monday ahead of the Reserve Bank of India‘s mid-year policy review Tuesday.

The Sensex ended a volatile day at 16,740.50 points — 70.31 points or 0.42 percent lower than Friday’s close.

The Nifty followed a similar trajectory and ended in negative at 4,970.9 points, down 0.52 percent.

Both benchmark indices nosedived Tuesday as the RBI indicated in its policy review that it would start tightening the monetary policy and look at exiting the stimulus measures.

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Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net sellers during the week, having sold scrips worth $12.8 million.

The top gainers this week on the Sensex were

Tata Motors (up 7.2 percent),
Ranbaxy Labs (up 4.8 percent),
Wipro (up 2.9 percent),
Grasim (up 1.6 percent) and
Hindustan Unilever (up 1 percent).

The top losers were :

DLF (down 18.5 percent),
Reliance Capital (down 14.5 percent),
Reliance Infrastructure (down 14.2 percent),
Hindalco (down 13.9 percent) and
Reliance Power (down 12.9 percent).

“Broadly speaking only about one percent of the quarterly results show a sound top line growth. Profits might have increased, but that is not because of increase in core operations – cost cutting and other income have contributed towards it,” said Thunuguntla.

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Movers and Shakers of Today’s Market : 22nd AuG,2009 :)

gainers and Losers

MOvers and Shakers

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Here we present you with the data of Top Gainers and Losers in BSE Index and NSE Nifty for today.

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Top Gainers shows the list of stocks that have gained the most (% terms) compared to their last closing prices. πŸ™‚

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Top Losers shows the list of stocks that have lost the most (% terms) compared to their last closing prices.

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1. Top Gainers in Sensex

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Top Gainers Sensex

2. Top Losers in Sensex

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Top Losers Sensex

3. Top Gainers in Nifty

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Top Gainers

4. Top Losers in Nifty

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Top Losers Nifty


Click HERE to view company’s detailed stock quote and company profile.

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Top Gainers shows the list of stocks that have gained the most (% terms) compared to their last closing prices. πŸ™‚

Top Losers shows the list of stocks that have lost the most (% terms) compared to their last closing prices. 😦

Strong earnings reports boost markets :)

Strong earnings reports boost markets :)

Stronger housing and labour data in the US as well as better-than-expected earnings from domestic companies indicates that the robustness in the markets will continue, says J. Thunuguntla ofΒ  SMC Capital.

The Bombay Stock Exchange 30-share benchmark, the Sensex,was down on Monday, 27 July, slightly led by Reliance Industries, after its quarterly results came out lower than expected.

The rose to a record high on expectations that government spending will boost demand for consumer goods. Hindustan Lever and ITC both gained as well as DLF ahead of its quarterly results report.

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On Tuesday, the market ended relatively flat again. Banks ended the day lower after the RBI kept interest rates unchanged on inflation fears. Tata Motors stock surged after earnings came out better than expected. Q1 profits soared 58%.

The Sensex has rallied 88% since it’s March 9th low. πŸ™‚

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The Sensex fell for a 3rd straight day on Wednesday after investors judged the recent run up in the market as excessive.

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The BSE index has seen the market rise over the last 2 weeks as several companies reporting their Q1 earnings have beaten analyst expectations.

Stocks that took a hit included Tata Motors, DLF, Tata Steel and Sterlite Industries. Jindal Stainless rose over 5% on news that its first quarter profit more than tripled.

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The BSE 30-share barometer rose on Thursday after 3 days of losses led by banking stocks.

State bank of India and ICICI Bank both rose after better than expected Q1 earnings.

The Sensex had risen 6.2% this month as of 30th July, driven primarily by positive earnings reports.

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The Sensex surged on Friday closing at a 52-week high on strong earnings reports and global cues. Both the Sensex and the NSE Nifty were up 8% for the month of July.

Top gainers for the week were Hindalco, Tata Motors, ONGC, SBI and HUL. Top losers included Bharti Airtel, Reliance Communications, Hero Honda, DLF, and NTPC.

Barring Oil & Gas and Pharma, other BSE sector indices closed in the green for the week.

To learn more on what to expect from the markets, we have with us J Thunuguntla of SMC Capital.