It was an extremely dark day for markets with Sensex breaching the January lows of 15332. Globally equity markets have seen a sell off but India has underperformed its peers today.
Nifty was down 250 points and Sensex down nearly 800 points. The markets Nifty slipped below 4600 mark during the day and Sensex breached 15,400 mark. Broader markets have also collapsed with CNX Midcap down over 5% and BSE smallcap index was down 5%. Markets breadth is negative with advance:decline at 1:16.
Realty index is the worst hit and is down over 10% followed by metal index down 7%. Energy indices are down over 6%.
Asia ended deep in red with Hang Seng down over 4.8%. Europe was trading deep in red most of the indices down nearly 2% each. The problem is global in nature and some experts believe that emerging markets will see a further fall and test their January lows. Sensex has slipped below the January lows of 15332.
Sensex closed down 770.63 points or 4.78% at 15357.35, and the Nifty down 248.40 points or 5.10% at 4623.60.
About 492 shares have advanced, 2508 shares declined, and 54 shares are unchanged.
The BSE Midcap Index ended at 6,527.67 down 5.5%.
The BSE Smallcap Index ended at 8,075.18 down 5.4%.
The BSE Bankex ended at 8,076.80 down 5.6%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.
The BSE Capital Goods Index closed down 5.6% at 13,309.34. Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed lower.
The BSE Auto Index closed at 4,535.65 down 2.4%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed lower.
The BSE Metal Index closed at 14,373.96 down 8.5%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed lower.
The BSE FMCG Index closed down 2% at 2,138.63. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.
BSE Oil and Gas Index closed at 10,021.97 down 6%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red
BSE power index closed at 3,063.99 down 6%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in red.
The BSE IT Index was down 4.6% at 3,311.91. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.
The NSE cash turnover was at Rs 13590.76 crore and the NSE F&O turnover was at Rs 44869.49 crore. The BSE cash turnover was Rs 6118.13 crore. Total market wide turnover was at Rs 64578.38 crore.
3:38 pm: The freefall for the market continues with heavy selling in scrips across sectors. Globally equity markets have seen a sell off but India has underperformed and Sensex has breached its January lows.
Nifty is down over 250 points and Sensex is down 800 points. Nifty has slipped below 4600 mark and Sensex has breached 15,400 mark, Sensex has slipped below the January lows of 15332. Broader markets have also collapsed with CNX Midcap down nearly 5% and BSE smallcap index is down 4%. Markets breadth is negative with advance:decline at 1:24.
At 3.38 hrs IST, the Sensex is down 825.82 points or 5.12% at 15302.16, and the Nifty down 270.85 points or 5.56% at 4601.15.
About 468 shares have advanced, 2531 shares declined, and 55 shares are unchanged.
Realty index is the worst hit and is down 11% followed by metal index down 8%. Energy indices are down over 6%.
Asia ended deep in red with Hang Seng down over 4.8%. Europe has opened deep in red most of the indices down nearly 2% each. The problem is global in nature and some experts believe that emeging markets will see a further fall and test their January lows. Nifty's January lows were 4450. Sensex has slipped below the January lows of 15332.
It is a sea of red in large cap space SAIL and Cairn India down over 9%, Reliance Energy, BHEL, Unitech down over 7%, Wiproand Bharti Airtel down over 6% are the top losers.TCS, GAIL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the other losers.
3.10 pm: There are no signs of recovery rather markets have lost more ground and are trading near the day's low. Nifty is down over 230 points and Sensex is down 700 points. Nifty has slipped below 4700 mark and Sensex has breached 15,500 mark, Sensex has slipped below the January lows of 15332. Broader markets have also collapsed with CNX Midcap down nearly 6% and BSE smallcap index is down 5%. Markets breadth is negative with advance:decline at 1:16.
At 3.10 hrs IST, the Sensex is down 790.32 points or 4.90% at 15337.66, and the Nifty down 259.15 points or 5.32% at 4612.85.
About 504 shares have advanced, 2495 shares declined, and 55 shares are unchanged.
Asia ended deep in red with Hang Seng down over 4.8%. Europe has opened deep in red most of the indices down nearly 2% each.
The problem is global in nature and some experts believe that emeging markets will see a further fall and test their January lows. Nifty's January lows were 4450. Sensex has slipped below the January lows of 15332.
Realty index is the worst hit and is down 8.5% followed by metal index down 6%.
It is a sea of red in large cap space SAIL and Cairn India down over 9%, Reliance Energy, BHEL, Unitech down over 7%, Wiproand Bharti Airtel down over 6% are the top losers.TCS, GAIL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the other losers.
RNRL, Ispat, SAIL, RPL, Essar Oil, IDBI are down with huge volumes.
Mkts plunge: Realty, metal, cap goods worst hit
1:50 pm: It has been a sharp fall for the markets as they as they continue to trade deep in the red. Nifty is down nearly 200 points and Sensex is down nearly 650 points. Nifty is slipped below 4700 mark and Sensex has breached 15,500 mark. Broader markets have also collapsed with CNX Midcap down nearly 5% and BSE smallcap index is down 4%. Markets breadth is negative with advance:decline at 1:16.
At 1.50 hrs IST, the Sensex is down 645.72 points or 4.00% at 15482.26, and the Nifty down 204.00 points or 4.19% at 4668.00.
About 532 shares have advanced, 2467 shares declined, and 55 shares are unchanged.
Asia ended deep in red with Hang Seng down over 4.8%. Europe has opened deep in red most of the indices down nearly 2% each.
The problem is global in nature and some experts believe that emeging markets will see a further fall and test their January lows. Nifty's January lows were 4450.
Realty index is the worst hit and is down 8.5% followed by metal index down 6%.
It is a sea of red in large cap space SAIL and Cairn India down over 9%, Reliance Energy, BHEL, Unitech down over 7%, Wiproand Bharti Airtel down over 6% are the top losers.TCS, GAIL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the other losers.
RNRL, Ispat, SAIL, RPL, Essar Oil, IDBI are down with huge volumes.
12.34 pm: The markets have slipped further in the red reopening after the sun outage and are trading near the day's low. Nifty is down over 200 points and Sensex is down over 600 points. Nifty is slipped below 4700 mark and Sensex has breached 15,500 mark. Broader markets have also collapsed with CNX Midcap down nearly 4%. Asia ended deep in red with Hang Seng down over 700 points.
At 12.34 hrs IST, the Sensex is down 634.45 points or 3.93% at 15493.53, and the Nifty down 215.90 points or 4.43% at 4656.10.
About 630 shares have advanced, 2340 shares declined, and 84 shares are unchanged.
RNRL, Ispat, SAIL, RPL, Essar Oil, IDBI are down with huge volumes.
Heavies, power and metal stocks are the worst hit in today's trade.
It is a sea of red in large cap space Reliance Energy is down over 8%, SAIL and Cairn India down over 7%, BHEL, Unitech down over 6%, Wipro and Bharti Airtel down over 5% are the top losers.TCS, GAIL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the other losers.
Select auto stocks were trading firm with Bajaj Auto up over 2% followed by Maruti Suzuki up 0.5%.
Rupee opened at Rs 40.44 per dollar and was trading at 40.55
10.34 am: Markets slip further: Nifty below 4700 mark
The markets have slipped further on heavy selling pressure in scrips across sectors. Asia is trading deep in red with Hang Seng down over 700 points. Nifty is slipped below 4700 mark and Sensex is down over 500 points below. Nifty is flirting with the 4700 mark. Broader markets have also collapsed with CNX Midcap down 3%.
At 10.34 hrs IST, the Sensex is down 446.04 points or 2.77% at 15681.94, and the Nifty down 171.55 points or 3.52% at 4700.45.
About 896 shares have advanced, 2071 shares declined, and 86 shares are unchanged.
Heavies, power and metal stocks are the worst hit in today's trade.
TCS, BHEL, Reliance Energy are the top losers down nearly 5% each.It is a sea of red in large cap space GAIL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the other losers.
Rupee opened at Rs 40.44 per dollar and was trading at 40.55
Wall Street fell yesterday on concerns that Fed will fail to prevent a recession and crude climbed above 110 dollars a barrel. The Dow Jones industrial average was down 46.57 points, or 0.38%, to 12,110.24.
09.59 am: Mkt trades deep in red: Nifty below 4750 levels
The markets opened with a deep cut on the back of weak global cues. Asia is trading deep in red with Hang Seng down over 700 points. Nifty is slipped below 4750 mark and Sensex is down over 400 points.
At 09.59 hrs IST, the Sensex is down 414.48 points or 2.57% at 15713.50, and the Nifty down 137.50 points or 2.82% at 4734.50.
About 1374 shares have advanced, 1610 shares declined, and 69 shares are unchanged.
It is a sea of red in large cap space Reliance Energy, GAIL, BHEL, RPL, Tata Power, Siemens, HDFC Bank, SBI, Suzlon, Reliance were among the top losers.
Rupee opened at Rs 40.44 per dollar and was trading at 40.55
Wall Street fell yesterday on concerns that Fed will fail to prevent a recession and crude climbed above 110 dollars a barrel. The Dow Jones industrial average was down 46.57 points, or 0.38%, to 12,110.24.
Asian markets were trading weak. Japan's Nikkei fell 2.03%, Hong Kong's Hang Seng tumbled 2.5%, Taiwan's Taiwan Weighted declined 0.66% or 55.36 points at 8,379.94. Singapore's Straits Times plunged 1.13% or 33.04 points at 2,884.90. South Korea's Seoul Composite was down 1.30% or 21.62 points at 1,637.21.
Market cues:
* FIIs net sell $42.7 m in equity
* MFs net buy Rs 318.4 cr in equity
* NSE F&O Open Interest down Rs 727 cr at Rs 67,491 cr
F&O cues:
* Futures Open Interest down by Rs 1,211 crore and Options Open Interest up by Rs 484 crore
* Nifty Futures shed 19 lakh shares in Open Interest; at 4-point discount
* Nifty Open Interest Put-Call ratio at 0.98 Vs 0.99
* Nifty Puts add 2 lakh shares in Open Interest
* Nifty Calls add 3.8 lakh shares in Open Interest
* Nifty 4900 Call adds 1.8 lakh shares in Open Interest
* Stock Futures shed 85 lakh shares in Open Interest
Source: Moneycontrol.com
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