Sensex down 45.87 points on Friday _June 18_ 2010_

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Sensex down 45.87 points on Friday _June 18_ 2010_ Powered By Docstoc
					                                                                               Sensex Commentary

Sensex down 45.87 points on Friday (June 18, 2010)
--Snaps 7 day winning streak

Sensex fell 45.87 points or 0.9% to 17570.82
Nifty fell 12.25 points or 0.8% to 5262.60.
Mid Cap fell 0.6%. Small Cap fell 0.6%.
BSE 500 fell 0.5%. Sensex gainers: 13

Of 13 BSE Sectoral indices, 8 posted losses.
Advancers: 1137 Decliners: 1595 Unchanged: 250
Advance/Decline Ratio 3:4

Sensex Day's Range: 17721.99 – 17525.29
Nifty Days Range:   5302.30 – 5245.50
52-Wk Sensex Range: 18047.86 - 13219.99
52-Wk Nifty Range:   5399.65 3918.75

Sensex gainers included Hero Honda +1.8%, HUL +1.7%, BHEL +1.4%, L & T +1.3%, State Bank +1.2%, TCS
+0.9%, Cipla +0.8% and ONGC +0.8%.

Sensex losers included Reliance Comm -3.6%, Reliance Infra -3%, Sterlite Ind -2.3%, Maruti Suzuki -2%,
Mahindra & Mahindra -2%, ICICI Bank -1.9% and Tata Steel -1.6%.

Metal index tanked 1.2% led by Hind Zinc -3.3%, Sterlite Ind -2.3%, Nalco -2.3%, Jindal Saw -2.1%, Sesa Goa -
1.7%, Tata Steel -1.6%, SAIL -1.4% and Welspun Corp -1.4%.

Oil & Gas index slipped 1.1% assisted by Reliance Natural -7.5%, BPCL -2.7%, Essar Oil -2.4%, HPCL -1%, IOC
-0.8%, GAIL -0.5% and Cairn India -0.4%.

Auto index lost 0.6% supported by Maruti Suzuki -2%, Mahindra & Mahindra -2%, MRF -1.5%, Exide Industries -
1.4%, Cummins India -1.3% and Bharat Forge -0.9%.

Realty index dropped 0.5% due to selling in DB Realty -3.2%, Sunteck Realty -1.9%, Ackruti City -1.9%, Indiabulls
Realty -1.9%, HDIL -1.6% and Phoenix Mills -1.4%.

Other sectoral losers were: Bankex -0.4%, Power -0.3%, PSU -0.2% and Teck -0.1%.

Capital Goods index climbed 0.6% led by BHEL +1.4%, Larsen & Toubro +1.3%, Usha Martin +0.8% and BEML
+0.7%.

FMCG index rose 0.6% helped by United Spirits +1.9%, HUL +1.7%, Nestle +1.5%, Godrej Consumer +1.1%,
Colgate India +0.4% and ITC +0.1%.

Other sectoral gainers were: IT +0.4%, Healthcare +0.1% and Consumer Durables +0.04%.

Turnover:
Markets reported total turnover of Rs 1, 17,418.72 crore. This included Rs 14, 314.39 crore from NSE cash
segment, Rs 98, 654.43 crore from NSE F&O and the balance Rs 4, 449.90 crore from BSE cash segment.

Buzzers:
Emami Paper +20% at Rs 52.30, Austin Engineering +18.1% at Rs 110.60, Khoday India +16.7% at Rs 235.40,
Bank BeEs +11.4% at Rs 1079, Jyothy Labs +11.1% at Rs 252.60, Aviva Industries +10% at Rs 45.70 and Gyan
Developers +10% at Rs 47.15.

Heavy Losers:
Jeypore Sugar -10.4% at Rs 162.75, Bajaj Finserve -10% at Rs 95.15, Sir Shadi Lal -9.9% at Rs 95.15, Bajaj
Hindusthan -9,5% at Rs 20.95, Sahara One -8.5% at Rs 160.85, Powersoft Global –8.2% at Rs 20.05, Vamshi
Rubbe r-8.2% at Rs 34.25 and Dhanlaxmi Roto -8% at Rs 26.40.
                                                                                                   Sensex Commentary


        Midcap Gainers:
        United Breweries rose 13%. UB Holdings, Emami, BGR Energy and Gujarat Gas were up 2.5-4.7%.

        Midcap Losers:
        Bajaj Finserv was locked at 10% lower circuit. Kwality Dairy, Gammon Infra, Bajaj Hindusthan and M&M Financial
        fell 3.7-5%.

        Smallcap Gainers:
        Jyothy Labs, Unity Infraprojects, Indoco Remedies, VST Tillers and IFB Industries gained 5-11%.

        Smallcap Losers:
        Sahara One, Reliance Media, Mcnally Bh Engg, Ruby Mills and Dharani Sugars slipped 5-8.5%.

        Reliance Group shares plunge post RIL AGM:
        Reliance groups' stocks post no aggressive plans announced by Mukesh Ambani at Reliance Industries' (RIL)
        36th Annual General Meeting. It is as usual that Mukesh Ambani did not make any major announcement at AGM.
        Ambani said that the company has cash equivalent of Rs 21,874 crore, which will give space for inorganic growth.

        Mukesh has explained expansion plans for new telecom and power business, which he entered into after end of
        battle between Ambani brothers over gas pricing issue and cancellation of non-compete agreement with ADAG;
        wherein earlier both brothers were not allowed to enter into each other business. Even about its retail business,
        he says, can grow 10 fold from current Rs 4500 crore.

        Reliance Industries declined 1.6%. ADAG companies' shares like Reliance Capital, Reliance Infrastructure,
        Reliance Power and Reliance Communications were down 3-3.9%. RNRL plunged 7.5% and Reliance
        MediaWorld was down 1.7%. Reliance Media Works lost 7%.

        May 2010 exports rise 35 pct:
        May exports rose an annual 35% to USD 16.1 billion, flattered by low year-ago numbers, the trade secretary said
        on Friday. Imports for the month were at USD 27.4 billion, Rahul Khullar said, widening the country's trade deficit
        to USD 11.3 billion.

        Asia's third-largest economy is targeting close to 15% export growth in the current fiscal year, following an annual
        drop of 4.7% in the 2009/10 fiscal year as the global slowdown crimped demand.

        Asian Markets:
        Asian markets ended mixed with Nikkei -0.04%, Straits Times -0.4%, Shanghai +1.8%, Jakarta +1.3%, Taiwan
        Weighted -0.3%. Kospi rose just 0.2%. Hang Seng was up 0.7%.

        European Markets:
        European markets were trading at FTSE: +0.1%, DAX: -0.3%, CAC -0.3%.

        Crude:
        Crude oil for June delivery was quoting at $75.73 a barrel on the NYME.




Vijay Dave                                Sunidhi Research                                                        Page 2 of 3
vijaydave@sunidhi.com
                                                                                                                             Sensex Commentary




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Vijay Dave                                          Sunidhi Research                                                                            Page 3 of 3
vijaydave@sunidhi.com

				
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