45-46% stocks lost more than 5% in today's trade

CNBC-TV18, Research Analyst, Anichya Shah :

There was a lot of negative data from the F&O space. A lot of stocks were selling off on pretty high impact cost, which is why one is not seeing the turnover go to out Rs 60,000-70,000 crore. A lot of leverage is taken off the table. So even though in these massive sell offs, we won’t see those huge Rs 80,000 crore because overall positions are pretty light.

Although about a 100-110 stocks have sold off between 5% or more in the F&O space. This is out of a total of 228 stocks. So, about 45-46% have lost more than 5%. That’s pretty much reflects what's happened in the F&O space today.

The Nifty futures saw July actually close on Last Traded Prices (LTP) basis, below that 3,800 level. Fresh shorts did come in after we broke the 3,900 level; fresh shorts did come in, in the last dieing 10 odd minutes after we broke that 3,850 level which is why one is seeing about a 15% OI buildup and a huge discount as those shorts just got piled on throughout the day.

Ranbaxy has been seeing 50% OI buildup over the last two trading sessions and it is down about 25% over the last two trading sessions, so this stock in the news, has come in for a fair bit of pain.

Chambal Fertilisers is down about 11% in today's trade and that’s about 20% OI buildup. We saw lot of shorting Nagarjuna Fertilisers and GNFC as well.

SBI, which is down about 8.8%, gave the private banks company in the latter half of the trade today and that’s a huge - close to about 10% OI buildup of about 4.5 lakh shares.

ICICI Bank was down 9% with a 9% OI buildup. So, banks saw a key bit of shorting in today's trade.

Orchid gave Ranbaxy company from the pharma space with about 14% OI buildup and huge shorting was seen there. Two other big boys that saw a fair bit of shorting were the likes of L&T and ONGC - both seeing about 5% OI buildup and losing a fair bit of their price in the process.