Sensex, Nifty end down 3%; Bankex, Oil&Gas slip 5%

Markets sink deep in red on the back of continued profit booking and weak global cues. Markets ignored stability in crude price and steady inflation numbers. The BSE bank, oil & gas, realty and capital goods stocks witness heavy selling pressure. Power, metal, auto and IT indices were also closed negative. More pressure was seen from domestic financial institution and life insurance companies. However, in this free fall BSE midcap and small cap indices were marginally down.

Even though markets were down in last two consecutive days, its weekly gains remained good. In this week Sensex ends up 4.5% and Nifty up 5.5% from its previous week close.

ICICI Bank was down nearly 10% from its previous close as markets are expecting poor set of quarter numbers from India’s largest private bank.

The Sensex was down 502.07 points or 3.40% at 14274.94. It has touched an intraday high of Rs 14,484.39 and an intra day low of Rs 14,210.63.

The Nifty was down 121.70 points or 2.74% at 4311.85. It has touched an intraday high of Rs 4440.85 and an intra day low of Rs 4297.15.

Markets breadth was negative, about 1325 shares have advanced, 1612 shares declined, and 214 shares are unchanged.

Top losers on the Senses were ICICI Bank, HDFC Bank, Reliance, HDFC, Jaiprakash Asso and ONGC.

However, Ranbaxy Labs, ACC, HUL and Grasim were top gainers on the Sensex.

The BSE bankex was down 5.75% or 411.62 points at 6,751.86. ICICI Bank, HDFC Bank, Axis Bank, Canara Bank, Karnataka Bank, Yes Bank, Kotak Mahindra tumbled 3-10%.

The BSE oil & gas was down 5.08% or 508.98 points at 9,504.42. Reliance Ind, ONGC, RNRL, GAIL and Cairn India fell 1-7%.

The realty index ended down 3.84% or 201.09 points at 5,029.06. Indiabulls Real, HDIL, Omaxe, Anant Raj Ind and DLF crashed 3-10%.

The BSE capital goods index was down 3.14% 380.89 points at 11,738.27. ABB, Crompton Greaves, Punj Lloyd, BHEL, Walchandnagar, Gammon India, L&T and Thermax plunged 3-8%.

The BSE power was down 2.53% or 67.26 points at 2,587.19. Reliance Infra, Reliance Power, Tata Power and Lanco Infratech slid 2.5-4%.

The BSE IT index was down -0.52% or 18.80 points at 3,611.24. Patni Computer, Aptech, HCL Tech, Financial Tech, Infosys and TCS have plunged.

The BSE auto index was down 1.20% or 45.17 points at 3,725.99. Bajaj Auto, Tata Motors, MRF, Cummins, Bosch, Ashok Leyland and M&M tumbled.

The BSE metal index closed down 1.61% or 204.15 points at 12,492.10. Sterlite Ind, Sesa Goa, Jindal Saw, Tata Steel, SAIL, JSW Steel and Hindalco ended down around 1.5-4%.

However, the BSE FMCG index was up 0.26% or 5.43 points at 2,124.52. Ruchi Soya, Britannia, HUL, P&G, Tata Tea and Dabur India have gained.

Total turnover stood at Rs 73683.24 crore. This includes Rs 14676.97 crore from NSE Cash segment, Rs 53163.45 crore from NSE F&O and the balance Rs 5842.82 crore from BSE Cash segment.

Markets This Week 

• Sensex Ends (GU) 4.5%, Nifty Ends~(GU) 5.5%
• CNX Midcap (GU) 8%, BSE Small Cap~(GU) 5%, Nifty Junior (GU) 9%
• BSE Bankex (GU) 9.2%; SBI (GU) 11%,~ICICI Bank (GU) 7%, PNB (GU) 11%
• BSE Metal Index (GU) 7%;~Nalco (GU) 24%, SAIL (GU) 13%
• Midcap~Gainers: McDowell Hldg, Phoenix Mills, ITI~Up 45%, HMT Up 43%, Strides Up 38%
• Index Gainers~This Week: Siemens Up 17%, RComm, Rel Infra~(GU) 16%,Ranbaxy,Unitech (GU) 10.5%
• Non-Index~Gainers: RNRL (GU) 38%, Rel Power (GU) 28%,~Adlabs (GU) 27%,Mundra Port (GU)26%
• Buzzers This~Week: Kolte Patil Up 28%, GVK Power~Up 25%, Nag Fert Up 23%

Market Snapshot

Market snaps 5-day gaining streak; off days high on profit booking

Sensex ends down 165 pts at 14777; slips nearly 350 from days high

Nifty ends down 43 pts at 4433.5; slips nearly 100 from days high

CNX Midcap & BSE Small cap Indices down around 0.25%

BSE IT & Metal Indices end down 3%

Tech losers; TCS down 6.7%, Infosys down 2.2%, HCL Tech down 2.3%

Metals losers; Tata Steel down 5.5%, Sterlite down 2.8%, SAIL down 2.5%

Bharti ends down 2%; announces result which were better than expectations however ARPU decline’s to Rs 350 from Rs 357

BSE Oil and Gas Index up 1.5%; ONGC up 3.3%, RIL up 1.8%, BPCL up 2.5%, Cairn India up 1.7%

BSE Bank Index loses after gaining 35% in last 6 sessions; ends down 1.8%

Banking Losers: SBI down 4.2%, PNB down 5.3%, ICICI Bank down 1.2%

Results Impact: Patni down 1%, Marico down 5%, UB Holdings up 14%, Hind Zinc down 3.7%, Cummins up 4%, ACC down 5%, NIIT Ltd down 2.5%, United Phos up 3%

Nifty Gainers: Nalco up 6.8%, Zee Ent up  5%, DLF up 2.5%, Maruti up 1.8%

Other Gainers: Kolte Patil up 20%, HMT up 19%, Champagne Indage up 18%, RCF up 16%, Selan Exploration up 15%  

New Listing: Somi Conveyor lists at 37.65 Vs Issue Price Rs 35; ends down 26% at Rs 25.9

NSE Advance Decline Ratio at 3:5

Total Cash Turnover at Rs 25,085cr Vs Rs 27,849.6cr

Total FNO Turnover at Rs 58,129.4cr Vs Rs 68,010 cr

Total Market Turnover at Rs 83,214.4cr Vs Rs 95,860.3cr

FNO Snapshot

• Nifty fut sees profit booking in todays trade; Premium narrows down to 10 points
• Nifty Rollover seen at 19%
• Sector specific action seen in Stock futures
• IT,Telecom & Steel stocks witness Fresh Short Build up
• Fertilizers stocks see fresh long build ups
• Telecom stocks see fresh short build up
• NSE FNO Turnover at Rs 58129.42 cr Vs Rs 68010 cr in yesterday’s trade

Options Activity

Nifty 4400 put adds 3.7 lakh shares

Nifty 4000 call sheds 4.5 lakh shares

Fresh Longs

• Fertilizers : Naga Fert, Oswal Chem, Chambal Fert
• Misc : RNRL,MTNL,Ongc

Fresh Shorts

• Telecom : Bharti, Rcom , Idea
• IT : Tcs, Infosys
• Misc: Tata Steel , Tata power, Pnb, Acc, Sbi 

Short Covering

• GNFC
• Sobha Dev
• MRPL 

Long Unwinding

• R Power
• Essar Oil
• Star Acrolabs

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