The markets closed in red with a sharp cut tracking its Asian peers. Selling pressure was seen in scrips across sectors. IT, oil & gas, power, auto stocks are top losers. The BSE midcap and smallcap indices also closed lower giving market an extremely negative breadth. Sensex closed down naerly 400 points.
On the primary market front, REC IPO was subscribed over 17 times.
On a weekly basis both the Sensex and Nifty wre down nearly 4%.
Sensex closed down 368.46 points or 2.08% at 17366.22, and the Nifty down 78.25 points or 1.51% at 5113.55.
About 1040 shares have advanced, 1895 shares declined, and 97 shares are unchanged.
The BSE Midcap Index ended at 7,594.45 down 1%.
The BSE Smallcap Index ended at 9,595.41 down 1%.
The BSE Bankex ended at 10,150.22 down 3%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.
The BSE Capital Goods Index closed down 1.2% at 15,656.16. Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed lower.
The BSE Auto Index closed at 4,707.66 down 2%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed lower.
The BSE Metal Index closed at 16,368.94 down 0.4%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed lower.
The BSE FMCG Index closed down 0.2% at 2,231.11. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.
BSE Oil and Gas Index closed at 10,673.00 down 2.2%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red
BSE power index closed at 3,624.39 down 2.2%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.
The BSE IT Index was down 3% at 3,918.28. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.
The NSE cash turnover was at Rs 10112.86 crore and the NSE F&O turnover was at Rs 36386.23 crore. The BSE cash turnover was Rs 4754.15 crore. Total market wide turnover was at Rs 51253.24 crore.
Mkts still in red: Bajaj Auto, Satyam, TCS top losers
The markets are trading in red with a sharp cut on sustained selling pressure in scrips across sectors. IT, oil & gas, power stocks are top losers. The BSE midcap and smallcap indices are also trading lower. The cues from Asia were not very encouraging as most of the Asia ended in red. Wall Street slipped yesterday; Dow was down 143 points.
At 2.37 hrs IST, the Sensex is down 328.62 points or 1.85% at 17406.06, and the Nifty down 66.25 points or 1.28% at 5125.55.
About 1075 shares have advanced, 1863 shares declined, and 94 shares are unchanged.
CNX Midcap is trading with a cut of 1% this has given market weak breadth in the favour of declines.
Top gainers on the Sensex are Cipla at Rs 192.70 up 2.31%, Hindalco at Rs 193.40 up 2.08% and Tata Steel at Rs 813.45 up 0.92%.
Top losers on the Sensex are M&M at Rs 622.90 down 2.88%, Bajaj Auto at Rs 2,343.00 down 2.81% and HDFC at Rs 2,578 down 2.66%.
Bajaj Auto, ABB, GAIL, HDFC, DLF, Reliance Energy, Reliance, ICICI Bank, NTPC, HUL, SBI were among the top laggards on the indices.
Rupee opened at Rs 39.92 per dollar and is trading at 39.99 levels.
Mkts trading weak: IT, oil & gas, power stocks down
It has been a rough session for the markets as they continue to trade deep in the red. IT, oil & gas, power stocks are witnessing selling presure. The BSE midcap and smalcap indices are also trading lower. The cues from Asia are not very encouraging as most of the Asia is trading in red.
At 11.36 pm, the Sensex is down 269.45 points or 1.52% at 17465.23, and the Nifty down 67.20 points or 1.29% at 5124.60.
About 1150 shares have advanced, 1777 shares declined, and 105 shares are unchanged.
Top gainers on the Sensex are Cipla at Rs 192.70 up 2.31%, Hindalco at Rs 193.40 up 2.08% and Tata Steel at Rs 813.45 up 0.92%.
Top losers on the Sensex are M&M at Rs 622.90 down 2.88%, Bajaj Auto at Rs 2,343.00 down 2.81% and HDFC at Rs 2,578 down 2.66%.
Mkts trades in red: Bank, energy, auto top laggards
The markets have opened in red inline with its Asian peers. Nifty is trading just above 5100 mark. Sensex is below 17,500. The cues from Asia are not very encouraging as most of the Asia is trading in red. Wall Street slipped yesterday; Dow was down 143 points.
Heavyweights like Reliance, ICICI Bank. Breadth is extremely weak as the CNX Midcap has opened with a cut of 1%.
At 10.05 hrs IST, the Sensex is down 243.74 points or 1.37% at 17490.94, Nifty was down 55 points at 5137
About 1173 shares have advanced, 1766 shares declined, and 92 shares are unchanged.
A couple of technology and bank stocks are seeing in a green tick. Centurion BoP is up 7% and is the top traded counter
Bajaj Auto, ABB, GAIL, HDFC, DLF, Reliance Energy, Reliance, ICICI Bank, NTPC, HUL, SBI were among the top laggards on the indices.
Rupee opened at Rs 39.92 per dollar and is trading at 39.99 levels.
Asian markets were trading weak. Hong Kong's Hang Seng fell 1.93%, Japan's Nikkei slipped 1.93%, Taiwan's Taiwan Weighted was down 0.40%, Singapore's Straits Times plunged 0.92%, South Korea's Seoul Composite declined 1.58%.
Market cues:
* FIIs net buy USD 14.1 million in equity
* MFs net sell RS 191.3 crore in equity
* NSE F&O Open Interest up by Rs 1,462 crore at Rs 76,515 crore
F&O cues:
* Futures Open Interest up by Rs 1,117 crore and Options Open Interest up by Rs 345 crore
* Nifty Feb Futures shed 25 lakh shares in Open Interest
* Nifty Mar Futures add 24 lakh shares in Open Interest
* Nifty Feb at 10-pt discount; Mar at 36-pt discount
* Nifty Open Interest Put-Call ratio at 0.95 Vs 0.96
* Nifty Puts add 2 lakh shares in Open Interest
* Nifty Calls add 3.4 lakh shares in Open Interest
* Nifty 5200 Put adds 0.7 lakh shares in Open Interest
* Nifty 5300 Call adds 1.3 lakh shares in Open Interest
* Nifty 5500 Call adds 1.2 lakh shares in Open Interest
* Stock Futures add 1.2 cr shares in Open Interest
Source: Moneycontrol.com
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