Nirmal Bang's after market report

Nirmal Bang has come out with its after market report.

Market Round Up     

Indian markets came under heavy selling pressure due to a sell-off seen in China and other Asian markets and also on weak European opening. The Sensex closed at 16,854 down 344 points after making an early high of 17,202 and hit an intra-day low of 16,808. The Nifty shut at 5,005 down 102 points or 2%. Banking, metal, oil & gas and realty stocks led the broad-based selling today. The BSE Midcap Index fell 1.45% and Smallcap was down 0.98%. The breadth remained negative and the market recorded the highest ever turnover on the last day of Nov series at Rs 1,59,224 cr. The Dec Nifty future ended with 25 point discount at 4,980. For the Nov expiry the Nifty was up 5.5%.      

Movers & Shakers   

The BSE bankex fell 2.6 %. ICICI Bank, Union Bank of India, IDBI and SBI fell over 3 % each.      

The oil & gas index on the BSE fell 2.3 %. In the oil & gas space, RNRL shed 3.2 % and index heavyweight RIL lost 2.9 %. GAIL was down 2.5% and Ongc fell 0.4%.

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To read the full report click on the attachment