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Europe spooks Indian mkts: Sensex ends down over 0.6%
Published on Mon, Sep 17, 2007 at 09:21 , Updated at Tue, Sep 18, 2007 at 14:43
Source : Moneycontrol.com
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It was a weak close for the markets on account of some negative cues from Europe. Europe after opening in red sliped further, FTSE was down 2% following the suit are CAC and DAX. Some of Asian markets came under pressure, Taiwan was down 1%, Kospi ended flat and Hang Seng was down over 1%. All eyes are set on tomorrow's Fed meet where analyst are expecting a rate cut of 25 bps. Technology and telecom stood out as the biggest losers with Reliance Communication, Satyam, TCS, Bharti Airtel and Infosys being among the top losers. Consumer durables have stood out in todays trade and were among the top gainers followed by select auto, power, FMCG and metal stocks. Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY). Sensex was down 99.37 points or 0.64% at 15504.43, and the Nifty down 23.35 points or 0.52% at 4494.65. About 1509 shares have advanced, 1443 shares declined, and 76 shares are unchanged. The BSE Midcap Index ended at 6,915.37 up 18 points or 0.30%. The BSE Smallcap Index ended at 8,640.23 up 68 points or 0.8%. The BSE Capital Goods Index was closed flat at 13,704.85. Reliance Infra, Triveni Engg, Kirloskar Oil, Bharat Bijlee closed higher. The BSE Auto Index closed closed at 4,897.17 up 0.2%. Bajaj Auto, Cummins, Tube Investment, Hind Motors, Maruti Udyog ended in the green. The BSE Metal Index closed at 12,011.58 up 0.3%. Sesa Goa, Shree Precoated, Hind Zinc, NALCO, Sterlite Ind advanced. The BSE FMCG Index gained 0.9% at 2,090.79. United Brewerie, United Spirits, GlaxoSmith Con, Tata Tea ended in red. BSE Oil and Gas Index closed at 8,372.09 down 0.2%. The BSE IT Index closed at 4,387.26 down 1.4%. TCS down 2.5%, closes below Rs 1000; Satyam down 1.8%, Infosys down 1.76%. The BSE Bankex was down 0.6% at 8,090.77. ICICI Bank down 1.23%, HDFC Bank down 0.53%. The NSE cash turnover was at Rs 9373.78 crore and the NSE F&O turnover was at Rs 35768.53 crore. The BSE cash turnover was Rs 4673.34 crore. Total market wide turnover was at Rs 49815.65 crore. Market trades weak: Telecom, IT stocks drag The markets are nervous but haven't cracked and trading near the low point of the day. Technology stands out as the biggest loser with Satyam, TCS and Infosys being among the top losers. The European markets have opened in red, FTSE is down 1% following the suit are CAC and DAX. Some of Asian markets came under pressure, Tawam was down 1%, Kospi ended flat and Hang Seng was down over 1%. At 1:48 hrs IST, the Sensex is down 114.91 points or 0.74% at 15488.89, and the Nifty down 29.20 points or 0.65% at 4488.80. About 1430 shares have advanced, 1513 shares declined, and 84 shares are unchanged. Only consumer durables have stood out in todays trade. All other indices were under pressure led by IT, realty, banking, auto and capital goods which were trading in red. Top gainers on the Sensex are Reliance Energy, Ambuja Cements and Dr Reddys Labs. Top losers on the Sensex are Reliance Communication, Satyam, TCS, Bharti Airtel and Ranbaxy Labs. IT stocks continue to lag behind on account of strong rupee versus US dollar. IT index was down 1% and the major losers in the space were TCS, Satyam and Infosys. Advance tax numbers are out ICICI Banks number stood at Rs 450 crore, flat YoY basis and Ambuja Cement at Rs 200 crore versus Rs 120 crore (YoY). Most active shares on NSE are IFCI at Rs 79.95 with 29,138,527 shares, GMR Infra at Rs 779.95 with 2,967,764 shares and Reliance Energy at Rs 902.60 with 1,207,508 shares. Consumer durables index was outperforming today.The leading gainers in this sector were Rajesh Exports , Titan Industrie and Gitanjali Gems. Banking stocks were also lagging today. Major losers in this space were Oriental Bank, Andhra Bank and Federal Bank. Most active shares on NSE are IFCI at Rs 79.95 with 29,138,527 shares, GMR Infra at Rs 779.95 with 2,967,764 shares and Reliance Energy at Rs 902.60 with 1,207,508 shares. Mkts slip in red on profit booking; IT stocks weak The markets have lost further ground on account of heavy profit booking witnessed across the sectors. Only consumer durables have stood out in todays trade. All other indices were under pressure led by IT, realty, banking, auto and capital goods which were trading in red. At 12.42 pm, the Sensex is down 35.90 points or 0.23% at 15567.90, and the Nifty down 5.60 points or 0.12% at 4512.40. About 1547 shares have advanced, 1411 shares declined, and 69 shares are unchanged. Market breadth has further narrowed down on NSE with only 595 stocks on the advancing side and around 560 stocks on the downside. Rupee has been trading at 40.50 against USD. Sep Nifty future was at discount of 5.15 points at 4512. Top gainers on the Sensex are Reliance Energy at Rs 901.50 up 2.14%, Ambuja Cements at Rs 146.05 up 1.11% and Dr Reddys Labs at Rs 645 up 0.72%. Top losers on the Sensex are Satyam at Rs 422 down 2.02%, TCS at Rs 1,004 down 1.82% and Ranbaxy Labs at Rs 409.15 down 1.15%. Most active shares on NSE are IFCI at Rs 79.95 with 29,138,527 shares, GMR Infra at Rs 779.95 with 2,967,764 shares and Reliance Energy at Rs 902.60 with 1,207,508 shares. Index heavyweight Hindustan Lever was trading at Rs 213.35 up 0.66% from its previous close of Rs 211.95. Index heavyweight Reliance was trading at Rs 2,043.50 up 0.44% from its previous close of Rs 2,034.50. Tech major Infosys was trading at Rs 1,810.85 down 1.06% from its previous close of Rs 1,830.30. Cigarette major ITC was trading at Rs 181.60 up 0.69% from its previous close of Rs 180.35. Refinery major HPCL was trading at Rs 238.00 down 0.44% from its previous close of Rs 239.05. Mkts flat on profit booking; con durables strong The markets are still trading flat on the back of selling seen in the IT, realty, banking and capital good stocks. However, consumer durable, FMCG and metals are attracting some attention. At 12.15 pm, the Sensex is up 10.05 points or 0.06% at 15613.85, and the Nifty up 8.45 points or 0.19% at 4526.45. About 1631 shares have advanced, 1329 shares declined, and 67 shares are unchanged. Rupee was quoting at 40.45 against US Dollar. September Nifty Future was at a discount at 3.25 at 4520.90. Market breadth was narrow but positive with 663 stocks in green and 487 stocks on the downside on NSE. Top gainers on the Sensex are Reliance Energy at Rs 906 up 2.65%, ITC at Rs 183 up 1.47% and Ambuja Cements at Rs 146.35 up 1.32%. Top losers on the Sensex are TCS at Rs 1,011 down 1.13%, Satyam at Rs 427.80 down 0.67% and Bharti Airtel at Rs 826.30 down 0.55%. IT stocks continue to lag behind on account of strong rupee versus US dollar. Insex was down 0.47% at 4428.07 and the major losers in the space were TCS at 1,010.95 down 1.14%, Satyam at 427 down 0.86% and Infosys at 1,819.90 down 0.57%. Most active shares on NSE are IFCI at Rs 79.95 with 29,138,527 shares, GMR Infra at Rs 779.95 with 2,967,764 shares and Reliance Energy at Rs 902.60 with 1,207,508 shares. Consumer durables index was outperforming today and was up over 2%.The leading gainers in this sector were Rajesh Exports at 800 at up Rs 70.45, Titan Industrie at 1,453 up Rs 52.50 and Gitanjali Gems at 292 up Rs 7.35. Banking stocks were also lagging today. Major losers in this space were Oriental Bank at 221.70 down 1.82, Andhra Bank at 91.10 down 1.14% and Federal Bank at 347 down 1.11%. Mkts still quiet; IT, realty stocks under pressure The markets are still trading very quiet on the back weak performance of IT, relaty and cap good stocks. IT and relaty indices were in red and the cap good index was struggling hard to keep its head up in green. Top gainers on the Sensex are Reliance Energy at Rs 892.50 up 1.12%, Dr Reddys Labs at Rs 647.10 up 1.05% and Reliance at Rs 2,055.50 up 1.03%. Top losers on the Sensex are Satyam at Rs 428.60 down 0.49%, Infosys at Rs 1,822 down 0.45% and Ranbaxy Labs at Rs 412.50 down 0.34%. Most active shares on BSE are GMR Infra at Rs 796.60 with 487,976 shares, Reliance Infra at Rs 675 with 442,076 shares and Rajesh Exports at Rs 828.40 with 327,142 shares. Index heavyweight Hindustan Lever was trading at Rs 213.10 up 0.54% from its previous close of Rs 211.95. Index heavyweight Reliance was trading at Rs 2,052.00 up 0.86% from its previous close of Rs 2,034.50. Tech major Infosys was trading at Rs 1,817.00 down 0.73% from its previous close of Rs 1,830.30. Cigarette major ITC was trading at Rs 181.65 up 0.72% from its previous close of Rs 180.35. Refinery major HPCL was trading at Rs 238.85 down 0.08% from its previous close of Rs 239.05. Mkts open on quiet note; ACC, SAIL, L&T up The markets opened on quiet note today in line with its Asian peers. Cement, banks and capital good stocks were trading up. At 9:56 am, Sensex was up 36 points at 15640 and Nifty was up 10 points at 4527. Major gainers in the opening trade were ACC, SAIL, L&T, ONGC, SBI, Rel Energy, Maruti, HUL. However, Tata Motors, Rel Comm were little subdued. Asian markets were trading lower. Taiwan's Taiwan Weighted plunged 1.15% or 103.87 points at 8,927.76, Singapore's Straits Times was down 0.43% or 15.03 points at 3,521.37, South Korea's Seoul Composite slipped 0.70% or 13.15 points at 1,856.87. However, Hong Kong's Hang Seng gained 0.22% or 54.05 points at 24,952.16. Market cues:
F&O cues:
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