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Mkts end in deep red; metal, bank stocks drag

2007-12-19 10:39:33 Source : moneycontrol.com

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The markets opened on weak note toady and proceeded to trade weak for most part of the the day amid sharp volatility and ended with deep cut. Metal, banking, power, cap goods and realty stocks traded under pressure for most part of the day, however pharma, durables and FMCG stocks remained firm.

Market breadth remained negative throughout the day. It was disappointing day for the midcap and smallcap counters which has been outperforming the frontliners for some time. Volume in today's trade was quite appreciable.

Sensex closed down 181.71 points or 0.94% at 19079.64, and the Nifty ended with a cut of 34.70 points or 0.60% at 5742.30. BSE midcap ended down 0.13% at 9093.84 and BSE smallcap was down 0.18% at 11818.12. On BSE, about 1368 shares advanced, 1686 shares declined, and 41 shares remained unchanged. On NSE, 451 stocks advanced and 764 stocks declined.

BSE auto index ended down 0.08% at 5564.87. Exide, Bharat Forge and Punj Lloyd were some of the losers in this sector.

BSE bankex was down 1.42% at 10764.22. In the banking space, Canara bank, Axis bank and ICICI bank were top losers.

BSE capital goods index was down 1.18% at 18902.71. BEML, L&T, Kalpataru Power and Reliance Infra were top losers.

BSE FMCG index ended down with a cut of 0.05% at 2210.01. HUL, Godrej Consumer and United Spirits were some of the top losers in this space.

BSE IT index closed down 0.12% at 4261.32. Patni, I-Flex and Mphasis were worst hit in IT space.

BSE metal index ended down 1.35% at 18077.63. Jindal Steel, Shree Precoated and Sesa Goa were top losers.

BSE oil & gas index as down 0.04% at 12309.68. Reliance Industries and ONGc were some of the losers in this space.

BSE power index was down 0.17% at 4215.30. In the power space, top losers were Torrent Power, Tata Power and BHEL.

BSE realty index ended down 0.38% at 11654.58. Ansal properties, Akruti and Unitech were som losers.

BSE pharma index ended with a gain of 1.5% at 4261.32. Major gainers in this space were Nicholas Piramal, Sun Pharma and Cipla.

Markets today:

Markets end in the red amid volatile session of trade
Sensex down 182 pts at 19080; Off about 300 pts from days high
Nifty down 35 pts at 5742; Off about 130 pts from days high
CNX Midcap Index end flat; BSE Smallcap Index end marginally in the red
All major sectoral indices end in red; All Nifty stocks barring HUL end in red
BSE Bank Index down 1.4%; ICICI Bank down 2.5%, HDFC down 2%
BSE Metals Index down 1.3%; Sterlite Ind down 2.9%
BSE Capital Goods Index down 1.2%; Tata Power down 3.4%, L&T down 2.8%, BHEL down 1.3%

Other Index losers:

HUL down 3.1%, Sterlite down 2.9%, VSNL down 2.4%, Unitech down 2.4%
Index Gainers: BPCL up 5.1%, Sun Pharma up 4.3%, Cipla up 3.5%, ITC up 2.1%
Midcap Gainers: Thomas Cook, Suven Life up 20% each, Unichem Labs up 17.6%, VIP up 11.8%, Deccan Aviation up 11.4%, Essar Oil up 10.3%
Non-Index Losers: IFCI down 7.3%, Shyam Telecom down 9.7%, JK Cement down 6.7%, Jindal Steel down 5.9%
Advance-Decline ratio is at 3:5
Total market turnover at Rs 1.02 lakh cr vs Rs 1.03 lakh cr yesterday
Total F&O turnover at Rs 74,579 cr vs Rs 73,373 cr yesterday

F&O snapshot:

Nifty futures end at 50 pts; add 20 lakh shares added (prov)
Stock Futures shed 2.3 cr shares (prov)
IFCI sees major unwinding (Was In F&O curb): Sheds 1.45 cr shares
Power, Banking, Pharma stocks driven by short covering

Star performers:

Deccan Aviation: Up 12.9%; Adds 10 lakh shares; Strong CoC seen
HOEC: Up 11%; Adds 5.7 lakh shares ;Strong CoC seen
Essar Oil: Up 8.6%; Sheds 12.4 lakh shares
Neyveli Lignite: Up 8.3%; Sheds 11.6 lakh shares
Ispat Ind: Up 8.2%; Adds 16.4 lakh shares
Nicholas Piramal: 7.7%; Sheds 2.5 lakh shares
Stocks out of the F&O curb saw long buildup

Turnover today: On BSE cash turnover was at Rs 7711.71 cr, on NSE cash turnover was at Rs 19537.29 cr and F&O mkt turnover was at Rs 65117 cr and total was at Rs 92366 cr.

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