Mkts end with modest cut; midcap, realty, power stocks drag

The markets saw bounce back in early trade today on the back of some support from gobal cues but could not maintain the gains for long and traded with volatility for most part of the day before ending with modest cut. Broader markets completely underperformed the frontline counters providing extremely negative breadth.

Most of the indices were weak barring the metal, energy and banking during the day. Realty, power, consumer durables, FMCG and auto sectors were the clear laggards. On the volume front also, it was not encouraging.

Sensex ended down 22.90 points or 0.14% at 16608.01, and the Nifty was down 18.75 points or 0.39% at 4838.25. On BSE, about 556 shares advanced, 2411 shares declined, and 48 shares were unchanged. BSE midcap ended down 2.24% at 7058.38 and BSE smallcap closed down 2.82% at 9173.68.

BSE auto index ended down 1.57% at 4508.59. MRF, Hind Motors and M&M were the top losers.

BSE bankex was up 1.26% at 9867.36. ICICI Bank, SBI and Axis Bank were the top gainers.  

BSE capital good index closed down 1.07% at 14873.21.  Gammon India, Reliance Infra and BEML were the top losers.

BSE FMCG index was down 0.92% at 2034.46. United Breweries, Bata India and United Spirits were the top losers.

BSE IT index closed down 1.51% at 3789.98. Patni Computers, TCS and Financial Tech were the top losers.

BSE oil & gas index was up 0.41% at 9926.32. Essar Oil, RNRL and IOC were top losers in this sector.

BSE power index ended down 1.40% at 3366.95. GVK Power, Tata Power and ABb were top losers in the power sector.

BSE realty index 1.37% at 9042.84. Phoenix Mills, Mahindra Life and Puravankara Projects were top losers.

• Markets end below 200 DMA for second consecutive day;
• Market breadth weak through out the session with low volumes
• Sensex down 23 points at 16608; Swing about 400 pts in the session
• Nifty down 19 pts at 4838; Swing about 130 pts in the session
• CNX Midcap Index down 1.8%, BSE Small cap Index down 2.8%
• BSE Oil & Gas and BSE Bank buck the trend;
• BSE Bank Index up 1.3%; PNB down 1.9%, ICICI Bank up 3.2%
• BSE Oil & Gas Index up 0.4%; Cairn up 5.8%, Reliance up 2.1%, GAIL up 1.3%, IOCL down 3.7%, RPL dpwn 3%
• BSE Auto Index down 1.6%; M&M down 3.3%, Bajaj Auto down 3.1%
• BSE IT Index down 1.5%; TCS down 4.6%, HCL Tech down 2.9%
• BSE Realty Index down 1.4%; Unitech down 0.7%
• BSE Capgoods Index down 1.1%; L&T down 1.5%, BHEL down 1.4%
• Reliance Power ends second day at Rs 354; Down 4.8%
• J Kumar Infra closes at Rs 103.35 Vs listing price of Rs 109; Issue Price at Rs 110
• Other Index Gainers:
• SAIL up 1.4%, Bharti Airtel up 1.2%, Zee Ent up 1.1%
• Other Index Losers:
• VSNL down 6.9%, Nalco down 4.1%, REL down 3.9%, ACC down 2.6%, NTPC down 2.4%
• Non Index Gainers:
• Balaji Tele up 6.7%, Axis Bank up 6.4%, Sesa Goa up 5.9%, Welspun-Guj up 5.8%, Rel Cap up 5%
• Non-Index Losers:
• TV18 down 13.7%, Everest Kanto down 13%, KS Oils down 11.2%, Core Projects down 10%, Zee News down 8.4%
• NSE Advance Decline is 1:5
• Total Turnover at Rs 55,505 Cr Vs Rs 68,626 Cr