Mkt sees second biggest fall ever; Sensex slips over 5%

It was extremely weak day for the markets wherein the Sensex and Nifty opened with huge gap down on the back of weak cues from the global markets. All the key indices traded in deep red through the day barring pharma and auto index which were holding up in green till mid trading session but slipped in late trade.

Banking, realty, power, capital goods, metal and IT stocks were the worst hit counters today. Broader markets also were weak in line with the frontline counters giving abysmal breadth to the markets. On the volume front, the markets disappointed once again.

Sensex ended down 900.84 points or 5.12% at 16677.88, and the Nifty closed down 270.50 points or 5.18% at 4953. About 524 shares have advanced, 2466 shares declined, and 55 shares are unchanged.

BSE auto index slipped 1.02% at 4837.24. Punjab Tractors, M&M and Escorts and MRF have been the worst hit in auto sector.

BSE bankex ended down 7.06% at 9339.97. PNB, Bank Of India and SBi were the top losers.

BSE capital goods index slipped 5.03% at 4463.05. In capital goods space, the top losers were Suzlon Energy, BHEL, Praj Industries and Siemens.

BSE IT index ended down 4.94% at 3671.61. Fianancial Tech, Satyam, Infosys and Patni Computer lost maximum in the IT space.

BSE pharma index ended down 0.51% at 3908.77. In the pharma secrtor, leading losers were Glenmark, Dr Reddys lab and Apollo Hospital.

BSE FMCG index slipped 1.70% at 2235.83. Bata India, Marico and ITC were the major losers.

BSE metal index ended down 6.12% at 15715.81. SAIL, Jindal Steel and Sterlite Industries were the top losers.

BSE oil & gas index closed down 5.39% at 10437. Essar Oil, Reliance Natural and Reliance were the top losers in the energy sector.

BSE power index ended down 6.48% at 3433.08. DLF, Mahindra Life and Peninsula Land were the weakest counters in realty space.

BSE realty index slipped 6.71% at 8923.76. Suzlon Energy, GMR Infra and BHEL were the top losers in this space.

Mkts slip further: Nifty below 200 DMA of 5,052

The markets have plunged sharply on weak global cues and selling pressure in banks, capital goods, metal, oil, power and realty stocks. The Nifty was trading below 200 DMA of  5,052. Market breadth is negative.

Broader markets are trading with deep cut giving extremely abysmal breadth. On the volume front also the markets have disappointed so far.

At 15.05 hrs IST, the Sensex is down 852.86 points or 4.85% at 16725.86, and the Nifty down 275.00 points or 5.26% at 4948.50.

About 499 shares have advanced, 2488 shares declined, and 58 shares are unchanged.

Top losers on the bourses are HDFC, BHEL, DLF, PNB and Suzlon Energy, which down nearly 6-9% on the bourses while gainers are Maruti Suzuki, Hindustan Unilever and Ranbaxy Labs.

Essar Oil, OnMobile Global, Reliance Petroleum, Reliance, ITC and ICICI Bank are most active counters.

Banking stocks are the worst hit today. The BSE Bankex was down 6%. BSE Capital Goods, Power and Realty indices were down nearly 5%. BSE Metal and Oil went down nearly 4%.

Mkts still under pressure; bank, power, realty worst hit

The markets are still trading extremely weak on the back of weak cues from the global markets. Asian markets closed with deep cut today. Banking, realty, power, capital goods and oil & gas stocks have been severely hit. However, auto and pharma indicess are holding in green with modest gains.

Broader markets are also trading in line with frontline counters giving breadth a big jolt. Breadth has been negative with advance decline ratio nearly 1:8 on NSE. On the volume front also, the markets have disappointed.

At 1:30 pm, the Sensex is down 559.71 points or 3.18% at 17019.01, and the Nifty down 168.80 points or 3.23% at 5054.70. About 640 shares have advanced, 2332 shares declined, and 73 shares are unchanged.

Power index is down 4.5% and Capital goods index is down over 4%; Tata Power down 7%, Suzlon and BHEL down 6%.

Bankex down over 5%; Indian Bank down 8% Bank of India 7%, Union Bank down 6%.

SBI, Bharti, PNB, ICICI Bank, BHEL, Suzlon Energy, Tata Power were among the top losers on the indices.

However, auto index is up over 0.5%; Maruti Suzuki is top gainer up over 3.5%. The other gainers were HUL, Cipla, Tata Communication were among the other gainers. 

Realty and oil & gas indices are also down over 3.5%. Major losers in the realty spaces are DLF, Peninsula Land and Akruti City Anant Raj Inds. In the oil & gas space, the top losers are GAIl, Reliance and ONGC.

Reliance Petroleum, Essar Oil, OnMobile Global, Reliance, ITC are some of the most active counters in todays trade so far.

Pharma stocks have also been outperforming today. The BSE health care index are trading with nearly 1% gain. Mojor gainers in this space are Aurbindo Pharma, Ranbaxy Labs Cipls and Aventis Pharma.

Mkts in deep red: Banks worst hit; auto holding out

The markets are trading in deep red on sustained selling pressure in scrips across sectors. However, the losses are stable with midcap index off the lows. Auto stocks have held out and it is the only index trading in green.

BSE bankex, FMCG, capital goods and power stocks are the worst hit today, each down over 3%. Technology, metal, oil, realty and auto indices down 1.5%. Midcaps and Small caps are down nearly 2%.

At 11.03 hrs IST, the Sensex is down 459.78 points or 2.62% at 17118.94, and the Nifty down 150.30 points or 2.88% at 5073.20.

About 854 shares have advanced, 2115 shares declined, and 75 shares are unchanged.

Bankex is down nearly 4%; with PNB down over 5%; followed by SBI and ICICI Bank down 4%.

SBI, Bharti, PNB, ICICI Bank, BHEL, Suzlon Energy, Tata Power were among the top losers on the indices.

However, auto index is up 0.8%; Maruti Suzuki is top gainer up over 3.5%. The other gainers were HUL, Cipla, Tata Communication were among the other gainers. 

Mkts plunge in opening trade on weak global cues

The markets have plunged drastically in opening trade on the back of weak cues across the globe. Fall in sectoral indices also added to the negative sentiments. Banking, FMCG, capital goods and power stocks are the worst hit today, BSE indices down nearly 3-4%. Technology, metal, oil, realty and auto indices down 1.5-2.9%. Midcaps and Small caps are down nearly 2-3%, respectively.

At 9:59 am, the Sensex was down 562 points at 17,016 and Nifty down 165 points at 5,057. The CNX Midcap was down 1.94% at 7,105.
  
Asian markets were trading weak. Hong Kong's Hang Seng tumbled 3.05% or 740.91 points at 23,590.76. Japan's Nikkei plunged 4.01% or 545.93 points at 13,057.09. Taiwan's Taiwan Weighted fell 2.75% or 231.01 points at 8,181.75. Singapore's Straits Times declined 2.92% or 88.43 points at 2,938.02. South Korea's Seoul Composite slipped 2.83% or 48.36 points at 1,663.26.

US stocks fell on Friday after analyst’s reports boosted estimates for losses at banks and speculation increased that rising unemployment, lower manufacturing are pushing the economy into recession. US stocks fell capping the fourth-straight monthly decline. Dow Jones ended down 316 pts at 12266; Nasdaq plunged 60 pts at 2271.

Market cues:

• FIIs net sell $ 131.2 m in equity
• MFs net buy Rs 600 cr in equity
• NSE F&O Open Interest up by Rs 5,093 crore at Rs 63,382 crore

F&O cues:

• Futures Open Interest up by Rs 2,762 crore and Options Open Interest up by Rs 2,331 crore
• Nifty Futures add 40 lakh shares in Open Interest; discount at 42-points
• Stock Futures add 2.45 cr shares in Open Interest
• Nifty Open Interest Put-Call ratio at 1.31 Vs 1.55
• Nifty Puts add 17 lakh shares in Open Interest
• Nifty Calls add 22 lakh shares in Open Interest
• Nifty 5300 Call adds 8.4 lakh shares in Open Interest
• Nifty 5100 Put adds 7 lakh shares in Open Interest
• Nifty 5200 Call adds 6 lakh shares in Open Interest