It was extremely volatile and weak day for the markets wherein the Sensex and Nifty both traded flat across yesterday's closing level and finally settled down on weak note. Realty, metal, banking, consumer durables and capital good stocks were seen struggling during today's trade but the IT and FMCG counters outperformed.
Midcap and smallcap stocks were also extremely weak and witnessed heavy selling pressure giving negative breadth. On the volume front also, it was quite disappointing. Among the IT counters, most of the frontliners were up over 4%.
Sensex ended down 62.04 points or 0.35% at 17464.89, and the Nifty closed down 12.90 points or 0.25% at 5120.35. On BSE, about 590 shares advanced, 2369 shares declined, and 52 shares were unchanged. BSE midcap was down 1.9% at 7633.27 and Smallcap ended down 2.77% at 9920.35.
BSE auto index ended down 0.88% at 4741.49. Hind Motors, Amtek Auto, Punj Tractors were the leading losers.
BSE bankex closed down 2.17% at 10159.42. Axis bank, Kotak Mahindra, Canara Bank and ICICI Bank were the top losers.
BSE capital good index ended down 1.62% at 15859.11. Jyoti Structures, Praj Industries, Reliance Infra were the top losers in this space.
BSE metal index closed down 2.67% at 15114.84. Jindal Stainless, SAIL, Sesa Goa were some of the majog losers.
BSE oil & gas index closed down 0.28% at 10638.44. Essar Oil, Reliance Petro, RNRL were the top losers.
BSE power index closed down 1.23% at 3736.31. Tata Power, GMR Infra and Torrent Power were the top losers.
BSE realty index closed down 2.46% at 9783.85. In the realty space, top losers were Purvankura Project, Akruti City, Omaxe.
BSe IT index closed up 3.73% at 3843.34. HCL Tech, Satyam, Infosys were the top gainers in the IT sector.
BSE FMCG index ended up 2.34% at 2175.09. HUL, ITC and Dabur India were the top gainers.
MARKET SNAPSHOT
*Markets witness choppy session of trade
*Sensex down 62 points at 17465; Nifty down 13 pts at 5120
*CNX Midcap Index down 1.7%, BSE Small cap Index down 2.8%
*BSE IT & FMCG Indices buck the trend;
*BSE IT Index up 3.6%; Satyam up 4.9%, Infosys up 4.5%, HCL Tech up 5.4%, TCS up 3.5%
*BSE FMCG Index up 2.3%; HUL up 5%, ITC up 2.6%
*BSE Metals Index down 3%; Nalco up 2.6%, SAIL down 4.6%, Sterlite down 3.4%, Tata Steel down 2.6%
*BSE Realty Index down 2.9%; Unitech down 3.3%, DLF down 3.5%
*BSE Bank Index down 2.1%; HDFC down 5.3%, HDFC Bank down 3.3%, ICICI Bank down 2.9%
*BSE Cap Goods Index down 1.9%; L&T down 2.9%
*Other Index Gainers:
*ONGC up 2.4%, BPCL up 2.3%, Bharti Airtel up 2.1%
*Other Index Losers:
*VSNL down 6.6%, Zee Ent down 6.2%, Tata Power down 5.9%
*Non Index Gainers:
*NIIT Ltd up 6.5%, Rolta up 5.8%, Network18 up 5.2%, Bk of Rajasthan up 4.7%, KEI Ind up 4.2%, Aurobindo Pharma up 4.2%, Asian Paints up 3.5%.
*Non-Index Losers:
*GSPL down 9.6%, Oswal Chem down 7.3%, Kolte Patil down 7%, Jindal Stainless down 6.4%, Welspun Guj down 6.4%, Aptech down 6.3%, Adlabs down 6%, JP Associates down 6%.
*NSE Advance Decline is 1:5
*Total Turnover at Rs 59,384 Vs Rs 61,429 Cr yesterday
Mkts trade flat amid volatility; IT stocks outperform
The markets are still witnessing volatility and have come off the lows of the day. Sensex and Nifty both are trading flat amid volatility. All the key indices are trading in red barring IT counters. realty, banking, metal capital good and consumer durables are still trading with deep cut.
At 15.05 hrs IST, the Sensex is up 40.74 points or 0.23% at 17567.67, and the Nifty down 17.65 points or 0.34% at 5115.60. About 603 shares have advanced, 2352 shares declined, and 56 shares are unchanged.
Top gainers on the Sensex are Infosys at Rs 1,560 up 5.34%, Satyam at Rs 410.25 up 4.96% and TCS at Rs 919.95 up 4.19%.
Top losers on the Sensex are HDFC at Rs 2,789 down 4.71%, DLF at Rs 810 down 4.12% and Larsen & Toubro at Rs 3,515 down 3.18%.
Top gainers on the Nifty are Satyam at Rs 411 up 5.20%, Infosys at Rs 1,555 up 4.90% and HCL Tech at Rs 255.95 up 4.81%.
Top losers on the Nifty are VSNL at Rs 439.90 down 7.3%, Zee Entertainment at Rs 241.45 down 6.2% and SAIL at Rs 198.80 down 5.6%.
The news from macroeconomic front is not very encouraging with inflation coming in at higher level above market expectations at 4.11%. Broader markets have seen a sharp cut. Both the midcap and smallcap index have underperformed.
RNRL, Reliance Energy, Indiabulls, and Reliance are some of the most active counters in todays trade.
Mkts trading weak amid volatility: realty, metals down
The markets continue to trade weak amid volatility on account of some selling witnessed in metal, banking, power and durables. Most of the key BSE indices are trading in red barring IT and FMCG index. IT stocks have shown smart resilience and are trading with substantial gains. Realty, metal, banking and power stocks are trading with sharp cuts.
The news from macroeconomic front is not very encouraging with inflation coming in at higher level above market expectations at 4.11%. Broader markets have seen a sharp cut. Both the midcap and smallcap index have underperformed.
At 1:35 pm, the Sensex is down 179.29 points or 1.02% at 17347.64, and the Nifty down 53.95 points or 1.05% at 5079.30. About 449 shares have advanced, 2517 shares declined, and 45 shares are unchanged.
Top gainers on the Sensex are Infosys at Rs 1,560 up 5.34%, Satyam at Rs 410.25 up 4.96% and TCS at Rs 919.95 up 4.19%.
Top losers on the Sensex are HDFC at Rs 2,789 down 4.71%, DLF at Rs 810 down 4.12% and Larsen & Toubro at Rs 3,515 down 3.18%.
RNRL, Reliance Energy, Indiabulls, and Reliance are some of the most active counters in todays trade.
Asian markets ended on mixed note. Taiwan, Straits Times and Seoul ended in marginal green and Nikkei, jakarta and Hang Seng closed in red. Indian Rupee was quoting at 39.56 against US dollar.
Mkts trade in red amid volatility: Power, realty down
The markets have slipped in red amid volatility. The news from macroeconomic front is not very encouraging with inflation coming in at higher level above market expectations at 4.11%. Broader markets have seen a sharp cut. Both the midcap and smallcap index have underperformed.
The breadth is turned in the favour of declines. Selling pressure is seen in realty, power, metal, auto and bank stocks. The only index in green is IT index. Nifty is hovering around 5,100 mark and Sensex is trading around 17,500 mark.
The US mkts closed with moderate gains; Wall Street closed with modest gain; Dow was up 47 points.
At 12.07 hrs IST, the Sensex is down 97.74 points or 0.56% at 17429.19, and the Nifty down 41.50 points or 0.81% at 5091.75.
About 694 shares have advanced, 2263 shares declined, and 54 shares are unchanged.
BSE IT index is up 3.5%. Infosys is up over 4%, Satyam, HCL Tech, TCS are among the top gainers on the indices.
SAIL, JP Associates, DLF are down over 5%. M&M, Bharti, RPL, SBI, HDFC, Tata Power, ONGC, HUL, Unitech were among the other laggards.
Real estate stocks are hammered today, other than DLF and Unitech stocks like HDIL, Kolte Patil have taken it on their chin.
Mkts choppy: Realty, metal, bank down; IT up
The markets are extremely volatile and are hovering around its previous close after showing recovery in the early trade. Broader markets have seen a sharp cut. Both the midcap and smallcap index have underperformed. The breadth is turned in the favour of declines. Selling pressure is seen in realty, metal, auto and bank stocks. The only index in green is IT index. Nifty is hovering around 5,100 mark and Sensex is trading around 17,500 mark.
The US mkts closed with moderate gains; Wall Street closed with modest gain; Dow was up 47 points.
At 11.08 hrs IST, the Sensex is down 45.04 points or 0.26% at 17481.89, and the Nifty down 18.70 points or 0.36% at 5114.55.
About 663 shares have advanced, 2293 shares declined, and 55 shares are unchanged.
BSE IT index is up 3.5%. Infosys is up over 4%, Satyam, HCL Tech, TCS are among the top gainers on the indices.
SAIL, JP Associates, DLF are down over 5%. M&M, Bharti, RPL, SBI, HDFC, Tata Power, ONGC, HUL, Unitech were among the other laggards.
Real estate stocks are hammered today, other than DLF and Unitech stocks like HDIL, Kolte Patil have taken it on their chin.
Mkts volatile in early trade: IT stocks outperform
After falling hard in the previous two trading sessions the markets opened flat slipped further in the negative terrain but recovered again to move in green. Nifty has slipped below 5,100 mark and Sensex is below 17,500 mark in the opening trade but bounced back immediately. The US mkts closed with moderate gains; Wall Street closed with modest gain; Dow was up 47 points.
At 10:05 am, Sensex was up 120 points at 17647 and Sensex was up 30 points at 5163.
Broader markets have seen a sharp cut. Both the midcap and smallcap index have underperformed but recovered to trade flat. Select technology and metal stocks have shown some bounce back.
M&M, Bharti, RPL, SBI, HDFC, Tata Power, ONGC, HUL, Unitech were among the laggards
SAIL, Reliance Communication, Satyam , HCL Tech, Rel Energy, Nalco were among the gainers.
Wockhardt down 6% after Wockhardt Hospital IPO was withdrawn.
Market cues:
* FIIs net sell USD 130.9 million in equity
* MFs net sell Rs 212.2 crore in equity
* NSE F&O Open Interest down by Rs 687 crore at Rs 69,379 crore
F&O cues:
* Futures Open Interest down by Rs 1,674 crore and Options Open Interest up by Rs 987 crore
* Stock Futures shed 4.3 cr shares in Open Interest
* Nifty Futures add 15.5 lakh shares in Open Interest
* Nifty Open Interest Put-Call ratio at 1.04 Vs 1.11
* Nifty Puts add 3.8 lakh shares in Open Interest
* Nifty Calls add 9.9 lakh shares in Open Interest
* Nifty 4800 Put adds 1.96 lakh shares in Open Interest
* Nifty 5300 Call adds 3.3 lakh shares in Open Interest
Source: Moneycontrol.com
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