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It was one more disappointing day for the markets, closed on a weak note though it opened in positive terrain. The markets remained weak for major parts of the day. Weak global cues and negative cues from banking major have given support to the weak sentiments. Market breadth was negative for the whole day. Banking, realty, capital goods, midcap and small cap stocks were the biggest losers today while auto and metal stocks gained marginally.

The Sensex closed at 16,339.89, down 2.03% or 337.99 points and the Nifty down 1.79% or 88.75 points at 4864.25. Sensex lost more than 500 points during the day. Market breadth was negative, about 627 shares advanced, 2351 shares declined, and 67 shares remained unchanged.

The CNX Midcap was down 2.14% at 6825.75. Midcap and small cap stocks also witnessed heavy selling pressure. The BSE Midcap and Small cap indices ended lower by 2.48% at 7,182.23 and 3.09% at 8,953.28, respectively.

Banking stocks have got major hit on the news that ICICI Bank has lost USD 264 million till January 31 on subprime crisis but management clarified that they have made loss of USD 50 million in this quarter and subsidiaries to take hit of USD 25 million. Bank has made provision of USD 75 million in total.

BSE Bankex closed at 9,056.76, down 4% or 378 points. Amongst banking stocks, Yes Bank, Canara Bank, Kotak Mahindra Bank, Bank of India, PNB and ICICI Bank were major losers.

BSE Capital Goods Index lost 2.37% at 14,822.28 due to selling pressure in Jyoti Structure, Kirloskar Bros, Lakshmi Machine, Astra Microwave and Bharat Bijlee.

BSE FMCG Index closed at 2,169.41, down 2.57% as United Spirits, United Breweries, ITC, Tata Tea and HUL slipped.

Pharma stocks like Cipla, Wyeth, Lupin, Ipca Labs and Aurobindo Pharma have lost ground. The BSE Healthcare Index lost 1.69% at 3,854.80.

Technology stocks namely Financial Tech, Infosys Tech, Tech Mahindra, Patni Computer and HCL Tech plunged. The BSE IT Index was down 2.11% at 3,614.41.

The BSE Oil & Gas Index lost 2.46% at 10,166.12 due to selling pressure in BPCL, RNRL, IOC, Reliance and ONGC.

Power stocks like GVK Power, CESC, Tata Power, Torrent Power and Suzlon Energy lost the sheen. The BSE Power Index closed at 3,381.68, down 1.63%.

However, BSE Auto and Metal indices gained 0.23% at 4,859.21 and 0.22% at 15,833.58, respectively. Maruti Suzuki, M&M, Punj Tractors, Tata Motors and TVS Motor were the gainers in auto segment. Hindalco, Sesa Goa, Guj NRE Coke, Tata Steel and Sterlite Ind were gainers in metal segment.

NSE and BSE Cash turnover for the day was at Rs 14476.46 crore and Rs 5808.36 crore. Turnover traded in the NSE F&o segment was at Rs 40644.5 crore. Total turnover stood at Rs 60929.32 crore.

Markets today:
* Choppy session of trade at the back of weak sentiment in the markets
* Benchmark Indices close below 200 DMA for second consecutive day
* Sensex down 338 pts at 16340; Swings nearly 590 pts
* Nifty down 89 pts at 4864; Swings over 163 pts
* CNX Midcap Index down 2.1%, BSE Small cap Index down 3.1%
* BSE Auto and BSE Metal Index buck the trend; Both up 0.3%
* Maruti up 3.7%, M&M up 1.4%, Bajaj Auto down 2.8%
* Hindalco up 5.3%, Sterlite up 0.7%, Nalco down 2.5%
* BSE Realty Index down 5.4%; Unitech down 3.9%, DLF down 5.1%
* BSE Bank Index down 3.9%; ICICI Bank down 5.2%, PNB down 5%, HDFC Bank up 2.7%, SBI down 2.4%
* BSE Oil & Gas down 2.4%; BPCL down 6.6%, IOCL down 3.4%, Reliance down 2.7%, ONGC down 2.6%
* BSE Capital Goods Index down 2.3%; L&T down 3.6%, Punj Lloyd down 2.4%, Siemens down 1.4%, ABB down 1.2%
* Other Index Gainers: Zee Ent up 6.1%, HDFC up 2.3%
* Other Index Losers: Tata Power down 5.5%, Cipla down 5.4%, ACC down 5.3%, RCom down 5.1%, Suzlon down 4.7%, ITC down 4%
* Non Index Gainers: PNB Gilts up 5.1%, Marico up 4.6%, Polaris up 3.4%, Sesa Goa up 3.4%, Balrampur Chini up 3.3%, Rolta up 3.3%,
* Non Index Losers: Asian Electronics down 13.6%, Bank of Rajasthan down 12.5%, Mose Baer down 9.6%, HDIL down 9.5%, Yes Bank down 9.3%, Lanco Infra down 9%
* NSE Advance Decline is 1:6
* Total Turnover at Rs 60,929 Cr Vs Rs 54,430 Cr
* Govt says that ICICI bank has mark to market loss of $ 264mn till Jan 31; Stock recovers over 4% finally closing down 5.2%
* Ranbaxy weighs options to launch generic Nexium "at risk" in the US in April; Stock ends down 0.5%
* Suzlon estimates Rs 100 cr to retrofit S88 turnibes; Stock down 4.7%

Mkt slips further; ACC, ICICI Bank, DLF top losers

The market was showing some recovery but again slipped further with selling pressure in capital goods, realty and banks stocks. Negative trend in European markets also added to the sentiments. Midcap and small cap stocks have also hit very badly. Market breadth is negative; about 588 shares have advanced, 2393 shares declined, and 64 shares are unchanged. On the global front, European markets are trading lower.

At 3:46 pm, the Sensex was down 324 points at 16,353 and the Nifty down 86 points at 4,866.

Midcap and small cap stocks are under heavy selling pressure, BSE Midcap and Small Cap indices down over 2% and 3%, respectively.

ACC, ICICI Bank, DLF and BPCL are top losers while gainers are Hindalco, HDFC, Maruti and Zee Enter.

Realty stocks continued downtrend, Realty index down over 5% as selling is seen in Akruti City, DLF, Unitech, Indiabulls Real, HDIL, Parsvnath.

The BSE Bankex was down 4.29%, Capital Goods Index down 2.45%, FMCG down 2.3%, IT down 2.05%, HC and Oil down over 1.9% each.

Mkts off day's low: Midcap, small cap plunge

The markets have recovered some loss but still trading in the red as European markets have shown recovery today. Banking and realty stocks are the biggest losers followed by capital goods, power and oil stocks. Midcap and small cap stocks got major setback from this downtrend. Market breadth have shown some recovery, now advance:decline at 1:6. On the global front, major Asian markets closed lower. European markets are trading higher.

At 2:42 pm, the Sensex was down 131 points at 16,548 and the Nifty down 20 points at 4,932. About 567 shares have advanced, 2407 shares declined, and 71 shares are unchanged.

ACC, DLF, ICICI Bank and BPCL are the top losers while HDFC, Hindalco and Maruti amongst top gainers on the bourses.

Essar Oil, ICICI Bank, JP Associates and Reliance are most active shares.

Banking stocks have shown strong recovery but still trading in the red as ICICI Bank management has clarified that the bank to take USD 75 million hit on their books (inclusive of subsidiaries) this quarter whereas earlier reports from other sources mentioned loss of USD 264 million till January 31.

Midcap and small cap stocks have hit badly today, BSE Midcap and Small Cap indices down 1.8% and 3%, respectively.

Realty stocks are also trading lower, BSE Realty index down 4.3%.

Mkt witnesses selling pressure: Bank, realty worst hit

The markets have again resumed yesterday's downtrend further with selling pressure across the board though it opened on positive note in morning trade. Banking and realty stocks have hit the most as there is news that ICICI Bank has made some subprime loss. Market breadth is negative, at 1:15. Midcap and small cap stocks are also trading lower. On the global front, major Asian markets ended in red.

At 1:43 pm, the Sensex was down 359 points at 16,318 and the Nifty down 96 points at 4,857. Sensex lost more than 500 points in afternoon trade.

On the BSE, about 429 shares have advanced, 2549 shares declined, and 67 shares are unchanged.

Top losers are ICICI Bank, ACC, DLF, Suzlon Energy and Tata Power while gainers are Maruti, M&M, Tata Motors, Hindalco and NTPC.

Reliance, ICICI Bank and Essar Oil are most active shares on the bourses.

Banking stocks have lost the ground, BSE Bankex declined nearly 5% as ICICI Bank lost nearly USD 264 million till Jan 31 on subprime crisis, share slipped about 7%. Amongst banking lot, Yes Bank down 10%, PNB down 6%, Kotak Mahindra Bank down 5%, HDFC Bank down 2%, Canara Bank down 9%, SBI down 2%, Axis Bank down 5%.

BSE Realty Index lost 6.4%. Akruti City was down over 13%, HDIL down 11%.

Mkt loses further ground: ICICI Bk, BPCL, HDFC Bk down

The markets have lost further ground and are trading deep in red on account heavy selling pressure in realty, banking capital goods, IT and power stocks. Cues from Asian peers are not very encouraging as most of the Asia ended lower. However, buying is seen in select auto and metal stocks. Broader markets have underperformed the benchmark indices giving markets negative breadth.

At 1.13 hrs IST, the Sensex is down 319.94 points or 1.92% at 16357.94, and the Nifty down 120.40 points or 2.43% at 4832.60.

About 492 shares have advanced, 2495 shares declined, and 58 shares are unchanged.

Banking stocks have taken a hit; with ICICI Bank and HDFC Bank down over 7% on account of news on subprime crisis.

Among the fronliners HDFC, Maruti, M&M, GSK were among the top gainers on the indices.

Reliance Communication, L&T, ACC and BPCL were among the top laggards on the indices. Wipro, Nalco, NTPC, ABB, Sun Pharma were among the other losers.

Mkt trades weak: Bank, cap goods, realty down

The markets are trading weak due to lack of buying interest in scrips. Cues from Asian peers are not very encouraging as most of the Asia is trading lower. Bank, capital goods, IT, realty and power stocks are trading weak. However, buying is seen in select auto and metal stocks. Broader markets have underperformed the benchmark indices giving markets negative breadth.

At 11.18 hrs IST, the Sensex is down 92.39 points or 0.55% at 16585.49, and the Nifty down 46.10 points or 0.93% at 4906.90.

About 781 shares have advanced, 2182 shares declined, and 82 shares are unchanged.

Among the fronliners HDFC, Maruti, M&M, GSK were among the top gainers on the indices.

Reliance Communication, L&T, ACC and BPCL were among the top laggards on the indices. Wipro, Nalco, NTPC, ABB, Sun Pharma were among the other losers.

Mkts open flat: Midcaps, bank, cap goods down; auto up

The markets have opened flat after seeing huge losses in yesterday's trade. Cues from Asian peers are not vey bad today as Asia is trading mixed. Both the frontline indices have slipped in red as there is selling pressure in stocks across sectors. Breadth is not convincing with the midcap ndex in red.

At 09.57 hrs IST, the Sensex is down 36.75 points or 0.22% at 16641.13, and the Nifty up 13.00 points or 0.26% at 4966.00.

About 800 shares have advanced, 2168 shares declined, and 77 shares are unchanged.

RPL, PNB, Ranbaxy, Siemens, Maruti, Reliance Energy, Cipla opened in green.

Wipro, Nalco, L&T, NTPC, HDFC, Rel Comm, ABB, Sun Pharma were among the top losers.

Asian markets were trading mixed. Hong Kong's Hang Seng gained 0.23% or 53.56 points at 23,638.53. Taiwan's Taiwan Weighted advanced 2.07% or 170.75 points at 8,433.62. Japan's Nikkei rose 0.34% or 43.65 points at 13,035.83. South Korea's Seoul Composite shot up 0.08% or 1.27 points at 1,673.

However, Shanghai Composite was down 0.67% or 29.79 points at 4,408.48. Jakarta Composite went down 1.01% or 26.91 points at 2,625.40. Singapore's Straits Times was down 0.75 points or 0.03% at 2,925.80.

Wall Street recovered from earlier losses to finish flat after a volatile session. The main factors were weak economic data, big decline in auto sales and concerns about the fallout of housing slump. The Dow Jones industrial average fell 7.49 points, or 0.06%, to 12,258.90. The Standard & Poor's 500 index gained 0.71 points, or 0.05%, to 1,331.34, while the Nasdaq composite index was down 12.88 points, or 0.57%, to 2,258.60.

Market cues:
* Nifty closed well below 200 DMA of 5,052
* FIIs net sell USD 60.5 million in equity on Feb 29
* MFs net buy Rs 456.40 cr in equity on Feb 29
* NSE F&O Open Int up by Rs 602 crore at Rs 63,984 crore

F&O cues:
* Futures Open Int at Rs 52,218 cr
* Index Futures at Rs 22,426 cr (43%)
* Stock Futures at Rs 52,218 cr (57%)
* Futures Open Interest down by Rs 1,343 crore and Options Open Interest up by Rs 1,945 crore
* Nifty Futures add 29 lakh shares in OI; discount at 59 pts
* Nifty Open Int PCR at 1.18 Vs 1.31
* Nifty Puts add 14 lakh shares in Open Interest
* Nifty Calls add 20 lakh shares in Open Interest
* Nifty 4600 Put adds 6.3 lakh shares in Open Interest
* Nifty 4900 Put adds 3.3 lakh shares in Open Interest
* Nifty 5000 Call adds 4 lakh shares in Open Interest
* Nifty 5100 Call adds 3.6 lakh shares in Open Interest
* Nifty Dec 5000 Call active; premium at Rs 543
* Stock Futures shed 57 lakh shares in Open Interest

Source: Moneycontrol.com