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Moneycontrol India :: News :: Markets show smart recovery; Nifty ends above 5,600 :: :: Local Markets :: Sensex,Nifty,Indices
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Markets show smart recovery; Nifty ends above 5,600
2007-11-12 20:58:54 Source : moneycontrol
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The markets showed smart recovery and ended the day with moderate losses outperforming its Asian peers. The markets have shown resilience despite some disappointing IIP numbers. The pullback was seen in the final hour of trade and Nifty ended above 5,600 levels and Sensex above 18,700 mark.

Sell off in equity markets was triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asia.

Sensex was down 170.33 points or 0.90% at 18737.27, and the Nifty down 46.15 points or 0.81% at 5617.10.

About 1171 shares have advanced, 1817 shares declined, and 77 shares are unchanged.

The BSE Midcap Index ended at 8,013.63 down 1%.

The BSE Smallcap Index ended at 756 down 1.4%.

The BSE Bankex was up 0.3% at 10,186.32.  Bank of India, Union Bank, HDFC Bank, Centurion Bank, Bank of Baroda moved downwards.

The BSE Capital Goods Index was down 0.2% at 19,624.60.  Reliance Infra, Areva T&D, Bharat Bijlee, Thermax closed lower.

The BSE Auto Index closed at 5,109.95 down 2%.  MRF, Tube Investment, Bharat Forge, Mah and Mah, Cummins closed lower.

The BSE Metal Index closed at 16,766.06 down 1%. Shree Precoated, Sterlite Ind, Hind Zinc, Mah Seamless closed lower.

The BSE FMCG Index closed at 2,057.01 up 2.5%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower

BSE Oil and Gas Index closed at 11,369.24 down 2.3%. ONGC, GAIL, HPCL, Reliance Natura, Reliance Petro ended in red.

The BSE IT Index was down 3% at 4,135.14. Mphasis, Patni Computer, Tech Mahindra, Infosys, I-Flex Solution, TCS closed lower.

The NSE cash turnover was at Rs 17296.14 crore and the NSE F&O turnover was at Rs 56771.23 crore. The BSE cash turnover was Rs 6411.42 crore. Total market wide turnover was at Rs 80478.79 crore.

Details soon....

Mkts still in red but off lows: ONGC, BHEL plunge

The markets are still in red but have shown marginal recovery and are off day's low. European markets have opened flat to negative without any sharp cuts which has helped the markets to gain some ground.

Selling pressure is seen in scrips across sectors. This has been triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asian peers.

However, frontliners that had seen a sharp run up have taken it on their chin have underperformed the broader markets. The midcap and smallcap indices are down nearly 2%. Market breadth has been extremely weak since opening today.

At 14.59 hrs IST, the Sensex is down 142.88 points or 0.76% at 18764.72, and the Nifty down 52.05 points or 0.92% at 5611.20.

About 1138 shares have advanced, 1846 shares declined, and 81 shares are unchanged.

All the BSE sector indices are trading in red. Realty, metal, oil & gas, power stocks are the worst hit each down over 3%.

Top gainers on the Sensex are ITC up 4%, SBI up over 3%, Hindalco up 1.6% and HUL up 2%. 

Top losers on the Sensex are ONGC down over 5%, BHEL & HDFC Bank down 5%, Bharti Airtel is down over 4% and Reliance Comm down over 3%. 

Top losers on the Nifty are Sterlite Ind and Tata Power down over 5%. 

Most active shares on NSE are Reliance at Rs 2,616 with 718,207 shares, Reliance Natural at Rs 140.15 with 12,275,766 shares and Reliance Petroleum at Rs 213.65 with 7,861,974 shares. 

Mkts still in red but off lows: ONGC, BHEL plunge

The markets are still in red but have shown marginal recovery and are off day's low. European markets have opened flat to negative without any sharp cuts which has helped the markets to gain some ground.

Selling pressure is seen in scrips across sectors. This has been triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asian peers.

However, frontliners that had seen a sharp run up have taken it on their chin have underperformed the broader markets. The midcap and smallcap indices are down nearly 2%. Market breadth has been extremely weak since opening today.

At 13.51 hrs IST, the Sensex is down 347.72 points or 1.84% at 18559.88, and the Nifty down 116.50 points or 2.06% at 5546.75.

About 992 shares have advanced, 1996 shares declined, and 77 shares are unchanged.

All the BSE sector indices are trading in red. Realty, metal, oil & gas, power stocks are the worst hit each down over 3%.

Top gainers on the Sensex are ITC up 4%, SBI up over 3%, Hindalco up 1.6% and HUL up 2%. 

Top losers on the Sensex are ONGC down over 5%, BHEL & HDFC Bank down 5%, Bharti Airtel is down over 4% and Reliance Comm down over 3%. 

Top losers on the Nifty are Sterlite Ind and Tata Power down over 5%. 

Most active shares on NSE are Reliance at Rs 2,616 with 718,207 shares, Reliance Natural at Rs 140.15 with 12,275,766 shares and Reliance Petroleum at Rs 213.65 with 7,861,974 shares. 

Bears incharge of mkts: Realty, metal, energy stks down

Bears are in complete charge of the markets as the markets continue to trade at lower levels without any signs of recovery on the back of heavy selling witnessed across the sectors in the early trade today. This has been triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asian peers.  

Frontliners which had seen a sharp run up have taken it on their chin have underperformed the broader markets. The midcap and smallcap indices are down nearly 2%. Market breadth has been extremely weak since opening today.

At 12.24 hrs IST, the Sensex is down 465.25 points or 2.46% at 18442.35, and the Nifty down 141.15 points or 2.49% at 5522.10.

About 955 shares have advanced, 2028 shares declined, and 82 shares are unchanged.

All the BSE sector indices are trading in red. Realty, metal, oil & gas, power stocks are the worst hit each down over 3%.

Top gainers on the Sensex are ITC up 3%, Hindalco up 2.6% and HUL up 2%. 

Top losers on the Sensex are ONGC down over 5%, BHEL down 5% and Reliance Comm down over 3%. 

Top losers on the Nifty are Sterlite Ind and Tata Power down over 5%. 

Most active shares on NSE are Reliance at Rs 2,616 with 718,207 shares, Reliance Natural at Rs 140.15 with 12,275,766 shares and Reliance Petroleum at Rs 213.65 with 7,861,974 shares. 

Mkts still in deep red; Rel Comm, BHEL, Hindalco top losers

The markets are trading extremely weak with deep cut on the back of heavy selling witnessed across the sectors in the early trade today. This has been mainly triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asian peers.  

Market breadth has been extremely weak since opening today. On NSE around 152 stocks were on the advancing side and over 956 stocks were on the decline side. Rupee was quoting at 39.33 against a US dollar. Yen has further appreciated and was trading at 109.96 against a USD.

At 11.10 hrs IST, the Sensex is down 446.14 points or 2.36% at 18461.46, and the Nifty down 135.50 points or 2.39% at 5527.75. About 974 shares have advanced, 2011 shares declined, and 80 shares are unchanged.

Top gainers on the Sensex are ITC at Rs 172.15 up 1.92%, Satyam at Rs 432.45 up 1.29% and HUL at Rs 195 up 0.91%. 

Top losers on the Sensex are Reliance Comm at Rs 674.45 down 4.95%, BHEL at Rs 2,650 down 4.49% and Hindalco at Rs 193.20 down 4.45%. 

Top gainers on the Nifty are ITC at Rs 172 up 1.90%, Satyam at Rs 431.75 up 1.23% and HUL at Rs 195.05 up 0.96%. 

Top losers on the Nifty are Sterlite Ind at Rs 907 down 8.24%, Hindalco at Rs 191.50 down 5.43% and Tata Power at Rs 1,152 down 5.07%. 

Most active shares on NSE are Reliance at Rs 2,616 with 718,207 shares, Reliance Natural at Rs 140.15 with 12,275,766 shares and Reliance Petroleum at Rs 213.65 with 7,861,974 shares.  

Mkt open with huge gap down on weak global cues

The markets opened with huge cut today in line with its global peers. Asian markets plummeted along with US markets as credit worries persist in the US economy.

At 9:56 am, Sensex was down 448 points at 18459 and Nifty was down 142 points at 5520. Major losers in the opening trade were Rel Energy, Rel Petroleum, RIL, Sterlite, SAIL, BHEL, Hindalco, ICICI Bank.

Asian markets were trading weak. Hong Kong's Hang Seng plunged 3.06% or 881.85 points at 27,901.56, Japan's Nikkei fell 2.4% or 374.64 points at 15,208.78, Taiwan's Taiwan Weighted tumbled 2.91% or 260.80 points at 8,710.12, Singapore's Straits Times declined 2.72% or 97.85 points at 3,501.82 and South Korea's Seoul Composite was down 3.04% or 60.54 points at 1,929.93.

Market cues:

  • All global markets weak on US cues
  • First negative closing for benchmark indices on Mahurat trading in 9 years
  • NSE F&O Open Interest down by Rs 242 crore on Diwali day at Rs 92,769 crore

F&O cues:

  • Futures Open Interest down by Rs 512 crore, Options Open Interest up by Rs 270 cr
  • Nifty Futures add 7 lakh shares in Open Interest, Futures slip into 35-point discount
  • Nifty Open Interest Put-Call ratio at 1.12 vs 1.14
  • Nifty Puts add 0.87 lakh shares in Open Interest
  • Nifty Calls add 2.7 lakh shares in Open Interest
  • Nifty 5700 Put adds 0.39 lakh shares in Open Interest
  • Nifty 5700 Call adds 0.89 lakh shares in Open Interest
Hot keywords : Sensex | Nifty | Indices 
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