It was an extremely weak session for the markets as they closed deep in red with rest of Asia. The cues from US were negative slumped on weak economy data giving rise to concerns over recessionary trend. Asia ended down in the range of 4-6%. Among the top losers were stocks from IT, metal, realty and oil & gas sector.
On the primary markets front, it has been disappointing for Emmar MGF IPO it has been suscribed only 0.58 times. Most of the bids were at Rs 540/share the lower end of price band.
Fertilisers stocks stood out in today's session with Deepak Fertilisers up over 6% followed by Chambal and Nagarjuna Fertilisers.
All the BSE indices ended deep in red. BSE IT index was down 5.5%, metal index was down over 4% BSE oil & gas down over 3.5%, realty index was down over 2%.
Sensex closed down 523.67 points or 2.81% at 18139.49, and the Nifty down 161.35 points or 2.94% at 5322.55.
About 1379 shares have advanced, 1576 shares declined, and 55 shares are unchanged.
The BSE Midcap Index ended at 7,970.74 down 1.3%.
The BSE Smallcap Index ended at 10,412.81 down 0.5%.
The BSE Bankex was down 2.5% at 10,690.01. IOB, ICICI Bank, Centurion bank, Axis closed lower.
The BSE Capital Goods Index closed at 16,571.65 down 2%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed lower.
The BSE Auto Index closed at 4,900.05 down 2.4%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed lower.
The BSE Metal Index closed at 16,189.46 down 3.6%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed lower
The BSE FMCG Index closed down 2% at 2,189.40. Colgate, ITC, Nestle, Dabur ended lower.
BSE Oil and Gas Index closed at 11,160.83 down 2.2%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended lower.
The BSE IT Index was at 3,813.82 down 5.6%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower.
The NSE cash turnover was at Rs 13914.74 crore and the NSE F&O turnover was at Rs 42234.95 crore. The BSE cash turnover was Rs 6291.41 crore. Total market wide turnover was at Rs 62441.10 crore.
Mkts reel under pressure; IT, metal, realty stocks plunge
The markets continue to reel under pressure on account of sustained selling pressure in scrips across sectors. US mkts slumped on weak economy data giving rise to concerns over recessionary trend. Asia ended down in the range of 4-6%. Among the top losers are stocks from IT, metal, realty and oil & gas.
At 13.54 hrs IST, the Sensex is down 512.37 points or 2.75% at 18150.79, and the Nifty down 181.30 points or 3.31% at 5302.60.
About 1116 shares have advanced, 1826 shares declined, and 67 shares are unchanged.
On the primary markets front, it has been disappointing for Emmar MGF IPO it has been suscribed only 0.58 times. Most of the bids were at Rs 540/share the lower end of price band.
Fertilisers stocks have stood out in today's session with Deepak Fertilisers up over 6% followed by Chambal and Nagarjuna Fertilisers.
All the BSE indices are trading deep in red. BSE IT index is down 5.5%, metal index was down over 4% BSE oil & gas down over 3.5%, realty index is down over 2%.
Top losers on the Sensex are Wipro at Rs 426.80 down 6.05%, Infosys at Rs 1,518.55 down 5.75% and Satyam at Rs 413.90 down 5.55%.
Top losers on the Nifty are Satyam at Rs 408.10 down 6.77%, Unitech at Rs 386.50 down 6.23% and Infosys at Rs 1,510.05 down 6.17%.
Sun Pharma has been sued by Abbott Labs for Patent Infringement of Divalproex ER.
In a recent development oil ministry told that the cabinet is unlikely to discuss fuel prices during tomorrow's meet. There are speculations in the markets that the ministry may hike the fuel prices.
Some bulk deals has taken place during today's trade so far. Few important bulk deals have happened in ONGC, Radico Khaitan, Ashok Leyland, Rel Comm and RNRL.
Some of the most active counters in terms of volume are NTPC, Rel Comm, ONGC, Satyam and DLF.
Mkts trading in deep red; IT, metal, realty stocks plunge
The markets have slipped once again and is trading nearly the day's low on the back of some more selling witnessed in the IT, metal, realty and oil & gas scrips. Recessionary trends from the US markets has made the global markets tumble. Asia was trading extremely low with loss in the range of 4-6%.
At 12.42 hrs IST, the Sensex is down 678.38 points or 3.63% at 17984.78, and the Nifty down 204.95 points or 3.74% at 5278.95. About 1040 shares have advanced, 1897 shares declined, and 72 shares are unchanged. All the Sensex and Nifty stocks are trading in red.
Top losers on the Sensex are Wipro at Rs 426.80 down 6.05%, Infosys at Rs 1,518.55 down 5.75% and Satyam at Rs 413.90 down 5.55%.
Top losers on the Nifty are Satyam at Rs 408.10 down 6.77%, Unitech at Rs 386.50 down 6.23% and Infosys at Rs 1,510.05 down 6.17%.
Sun Pharma has been sued by Abbott Labs for Patent Infringement of Divalproex ER.
In a recent development oil ministry told that the cabinet is unlikely to discuss fuel prices during tomorrow's meet. There are speculations in the markets that the ministry may hike the fuel prices.
Some bulk deals has taken place during today's trade so far. Few important bulk deals have happened in ONGC, Radico Khaitan, Ashok Leyland, Rel Comm and RNRL.
Some of the most active counters in terms of volume are NTPC, Rel Comm, ONGC, Satyam and DLF.
Mkts trading weak but off day's low; all indices in red
The markets have gained some ground from the morning lows but are still trading with huge cut. All the key BSE indices are trading in red but are off day' s low. Broader markets have shown relative outperformace as compared to the frontline counters.
Market breadth is still in negative with nearly 350 stocks on the advancing side and over 800 stocks on the decline side on NSE. Rupee is quoting at 39.56 against USD.
At 11.45 hrs IST, the Sensex is down 530.16 points or 2.84% at 18133.00, and the Nifty down 150.15 points or 2.74% at 5333.75. About 1236 shares have advanced, 1710 shares declined, and 63 shares are unchanged.
Top losers on the Sensex are Bharti Airtel at Rs 896.10 down 4.26%, Satyam at Rs 419.95 down 4.16% and Infosys at Rs 1,545 down 4.11%.
Top losers on the Nifty are Sterlite Ind at Rs 793.90 down 5.12%, Unitech at Rs 391.65 down 4.99% and Wipro at Rs 434 down 4.75%.
IT stocks are among the worst hit counters today. Infosys, Wipro, Satyam and HCL Tech are trading with a cut of over 4% each.
In the power space, eading losers are GMR Infra, CESC, Areva T&D and Tata Power.
Mkts trading weak; IT, metal, realty stocks worst hit
The markets are trading weak with deep cut on the back of heavy selling taking place in the scrips across sectors led by IT, power, realty, oil & gas and banks. All the key indices are trading deep in red which has worsened the market breadth. Broader markets have also slipped.
At 10.55 hrs IST, the Sensex is down 524.13 points or 2.81% at 18139.03, and the Nifty down 150.50 points or 2.74% at 5333.40. About 1184 shares have advanced, 1759 shares declined, and 66 shares are unchanged.
Bharti Airtel, Infosys, Satyam, Sterlite and Wipro are some of the prominent index losers. All the Sensex and Nifty stocks are trading deep in red.
Reliance pack is the most active counter. RNRL, Rel Comm, RPL are active in terms of volume on the bourses today.
IT stocks are among the worst hit counters today. Infosys, Wipro, Satyam and HCL Tech are trading with a cut of over 4% each.
In the power space, eading losers are GMR Infra, CESC, Areva T&D and Tata Power.
Market breadth is weak with advance decline ratio at 1:4 on NSE. However, volume has been good so far. Rupee is quoting at 39.56 against USD.
Mkts open with huge gap down; power, bank, energy down
The markets opened with huge gap down on the back of extremely weak cues from the global markets. Huge selling took place in the opening trade in scrips across the sectors led by the power, capital good and banking stocks. Asia was trading deep in red following weak close in the US markets.
At 9:56 am, Sensex was down 695 points at 17968 and Nifty was down 200 points at 5284. Major losers in the opening trade were Reliance Energy, RPL, RNRL, ITC, ICICI bank, Reliance Industris, BPCL, Idea and NTPC.
Asian markets were trading weak. Hong Kong's Hang Seng tumbled 5.35% or 1327.49 points at 23,481.21. Japan's Nikkei slipped 4.13% or 567.34 points at 13,178.16. Singapore's Straits Times plunged 3.53% or 107.21 points at 2,931.21. However, South Korea's Seoul Composite was up 0.38% or 6.44 points at 1,696.57.
US markets: The Dow plunged 370.03 points, or 2.93%, to 12,265.13. The broader Standard & Poor's 500 index fell 44.18 points, or 3.20%, closing at 1,336.64, while the Nasdaq composite index slipped 73.28 points, or 3.08%, to 2,309.57.
Market cues:
* Global markets shiver again on U.S. recession concerns
* FIIs net buy USD 944.6 million in equity on Feb 4
* FIIs net buy USD 256.4 million in equity on Feb 1
* MFs net buy Rs 819 crore in equity on Feb 4
* NSE F&O Open Int up Rs 2,133 crore at Rs 68,241 crore
F&O cues:
* Stock Fut add 3 cr shares in OI; mostly in the last hour of trade
* Futures Open Interest up by Rs 1,270 cr and Options Open Interest up by Rs 863 crore
* Nifty Futures add 1.2 lakh shares in Open Interest
* Nifty Open Int PCR at 1.14 Vs 1.04
* Nifty Puts add 10.6 lakh shares in Open Interest
* Nifty Calls add 2 lakh shares in Open Interest
* Nifty 5000 Put adds 1.7 lakh shares in Open Interest
* Nifty 5300 Put adds 1.6 lakh shares in Open Interest
* Nifty 5400 Put adds 1.5 lakh shares in Open Interest
Source: Moneycontrol.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment