Jan 22, 2008, 09.13 PM IST | Source: MC

Mkt ends in deep red but off lows: Sensex down 800 pts

The markets closed in deep red but showed remarkable recovery and were off the lows. It was yet another scary session which opened with circuit down and the markets were shut for an hour then recovered a bit but continued to witness some wild swings.

14:33

The markets closed in red but showed remarkable recovery and were off the lows. It was yet another scary session which opened with circuit down and the markets were shut for an hour then recovered a bit after opening but continued to witness some wild swings.However, markets got some buying support towards the end with some positive cues of recovery in European markets.The Finance Ministry has ruled out foul play in the stock market.

 

Nifty ended down 310 points recovered nearly 450 points from the day's low. 

 

NSE Advance:Decline ratio was at 1:18; which was as bad as 1:87 at one of time.

 

Sensex closed down 850 points, it recovered over 1400 points from the day's low.

 

Bharti Airtel, Infosys, Reliance Energy, Idea, SBI, Nalco and Sesa Goa were among the stocks providing support at the lower levels.

 

ITC, M&M, Ambuja Cements, Hero Honda, ONGC, Sun Pharma, Ranbaxy are the top losers. The other losers were Tata Steel, Satyam, PNB, Maruti, Cipla and HUL.  

 

Sensex closed down 875.41 points or 4.97% at 16729.94, and the Nifty down 309.50 points or 5.94% at 4899.30.

About 273 shares have advanced, 2668 shares declined, and 41 shares are unchanged.

The BSE Midcap Index ended at 7,202.25 down 9%.

 

The BSE Smallcap Index ended at 10,028.39 down 8%.

 

The BSE Bankex was down 4% at 10,158.35.  Allahabad Bank, Andhra Bank, Karnataka Bank, IOB, Canara Bank, Union Bank closed in red.

 

The BSE Capital Goods Index closed at 16,452.73 down 4%.  Carborundum, Alfa Laval, Astra Microwave, Bharat Elec, Jyoti Struct closed lower.

 

The BSE Auto Index closed at 4,475.56 down 4%.  Escorts, MRF, Tube Investment, Ashok Leyland, Apollo Tyres, TVS Motor closed lower.

 

The BSE Metal Index closed at 14,114.03 down 6%. JindalStainless, Jindal Saw, Hind Zinc, Hindalco, Mah Seamless closed lower

 

The BSE FMCG Index closed down 8% at 2,000.17. Bata India, Tata Tea, GlaxoSmith Con, Dabur India, United Spirits, ITC ended lower.

 

BSE Oil and Gas Index closed at 9,974.78 down 10%.  Reliance Natura, Essar Oil, Petronet LNG, Reliance Petro, ONGC, HPCL ended lower.

 

The BSE IT Index was at 3,443.59 down 4%. iflex, HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower.

 

The NSE cash turnover was at Rs 20589.74 crore and the NSE F&O turnover was at Rs 44307.58 crore.

 

Mkts show remarkable recovery: Sensex recovers 1600 pts

 

The markets are again showing smart recovery with Sensex recovering nearly 1600 points from the day's low. Nifty has recovered 500 points from the day's low. Europe has also shown good recovery and FTSE is trading in green. The Finance Ministry has ruled out foul play in the stock market. Sensex has bounced back and is up over 17,000 mark. The NSE Advance:Decline ratio at 1:30. Nifty after breaching 4500 mark is trading above 4900 levels.

 

Idea had a smart pullback and is up 2%, SBI up over 1%, Nalco is up 4%, Sesa Goa up 7%.

At 2.50 hrs IST, the Sensex is down 652.68 points or 3.71% at 16952.67, and the Nifty down 247.65 points or 4.75% at 4961.15.

About 219 shares have advanced, 2724 shares declined, and 39 shares are unchanged.

ONGC, Sun Pharma, Ranbaxy are the top losers down over 9% each. Tata Steel, Satyam, PNB, Maruti, Cipla and HUL were the top losers among the index counters.

 

However, Bharti Airtel, GAIL, Infosys, Suzlon, Grasim were providing some support at the lower levels

 

Carnage in mkts: Sensex down 9.5%; Nifty down 11%

 

The markets have slipped again and Sensex is down 9.5% and Nifty is down 11%. Europe has opened in deep red . It has opened with a sharp cut, CAC is down 6.8%, DAX is down 5%, FTSE down 3%.  The Finance Ministry has ruled out foul play in the stock market. The NSE Advance:Decline ratio at 1:40.

At 14.18 hrs IST, the Sensex is down 1,667.82 points or 9.47% at 15937.53, and the Nifty down 489.70 points or 9.40% at 4719.10. About 203 shares have advanced, 2741 shares declined, and 38 shares are unchanged.

Tata Steel, Satyam, PNB, Maruti, Cipla and HUL were the top losers among the index counters. However, Bharti Airtel, GAIL, Infosys, Suzlon, Grasim were providing some support at the lower levels.

BSE Smallcap index was down over 12%. Major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

 

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

Mkt show remarkable recovery: Sensex down 7%

 

The markets have shown remarkable recovery Sensex has recoverd nearly 1200 points and Nifty is up 300 points from the day's low. Nifty after 4500 mark is trading above 4700 levels. The Finance Ministry has ruled out foul play in the stock market. The NSE Advance:Decline ratio at 1:26. Nifty is down 400 points and Sensex down 1000 points. Sensex is down nearly 7% and Nifty is down 8%.

 

Europe has opened with a sharp cut CAC is down 6.8%, DAX is down 5%, FTSE down 3%.

At 1.33 hrs IST, the Sensex is down 1,264.06 points or 7.18% at 16341.29, and the Nifty down 466.50 points or 8.96% at 4742.30.

About 204 shares have advanced, 2745 shares declined, and 33 shares are unchanged.

Bharti Airtel, GAIL, Infosys, Suzlon, Grasim are providing the support at the lower levels.

Suzlon Energy is the only Nifty stock trading in green.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

 

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40% sheding two third of its market cap along with Oswal down 41%. Sterlite is down 45%.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70%, Cipla at 172.10 down 9.64%, Ambuja Cements at 115.95  down 8.81%, ITC at 186.50 down 8.29%. 

BSE Smallcap index was down over 12%. Major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

 

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

 

Mkt show remarkable recovery: Sensex down 7%

 

The markets have shown remarkable recovery Sensex has recoverd nearly 1200 points and Nifty is up 300 points from the day's low. Nifty after 4500 mark is trading above 4700 levels. The Finance Ministry has ruled out foul play in the stock market. The NSE Advance:Decline ratio at 1:26. Nifty is down 400 points and Sensex down 1000 points. Sensex is down nearly 7% and Nifty is down 8%.

At 1.08 hrs IST, the Sensex is down 1,175.19 points or 6.68% at 16430.16, and the Nifty down 428.95 points or 8.24% at 4779.85.

Bharti Airtel, GAIL, Infosys, Suzlon, Grasim are providing the support at the lower levels.

Suzlon Energy is the only Nifty stock trading in green.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

 

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40% sheding two third of its market cap along with Oswal down 41%. Sterlite is down 45%.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70%, Cipla at 172.10 down 9.64%, Ambuja Cements at 115.95  down 8.81%, ITC at 186.50 down 8.29%. 

BSE Smallcap index was down over 12%. Major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

 

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

 

Mkts recover: Sensex recovers 900 pts; above 16K

 

The markets have shown some recovery Sensex has recoverd nearly 900 points and Nifty is up 300 points. Nifty after 4500 mark is trading above 4700 levels. The Finance Ministry has ruled out foul play in the stock market.The NSE Advance:Decline ratio at 1:47. Nifty is down 400 points and Sensex down 1200 points.

At 12.36 hrs IST, the Sensex is down 1,355.99 points or 7.70% at 16249.36, and the Nifty down 438.60 points or 8.42% at 4770.20.

About 200 shares have advanced, 2745 shares declined, and 37 shares are unchanged.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

 

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40% sheding two third of its market cap along with Oswal down 41%. Sterlite is down 45%.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70%, Cipla at 172.10 down 9.64%, Ambuja Cements at 115.95  down 8.81%, ITC at 186.50 down 8.29%. 

BSE Smallcap index was down over 12%. Major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

 

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

 

Blood on trading floor: Sensex down 10%; Nifty down 11%

 

It has been an absolute mayhem and bloodshed on the Dalal street. After hitting the the down circuit the markets opened with some recovery. But this recovery was short lived as markets slipped again near the day's low. Nifty is down 14% and the NSE Advance:Decline ratio at 1:76. Nifty is down 600 points and Sensex down 2000 points.

 

It has been the biggest intra day fall and Nifty has breached 4500 mark. The Finance Ministry has ruled out foul play in the stock market.

 

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

 

At 12.11 hrs IST, the Sensex is down 1,946.58 points or 11.06% at 15658.77, and the Nifty down 745.55 points or 14.31% at 4463.25.

About 202 shares have advanced, 2741 shares declined, and 38 shares are unchanged. 

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40% sheding two third of its market cap along with Oswal down 41%. Sterlite is down 45%.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70%, Cipla at 172.10 down 9.64%, Ambuja Cements at 115.95  down 8.81%, ITC at 186.50 down 8.29%. 

BSE Smallcap index was down over 12%. Major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

 

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

Mkts slide again: Nifty at day's low, Midcap index down 17%

The markets are sliding again Nifty down 4% and Midcap index down 17%. Stocks across indices and sectors are nosediving. All Nifty stocks are in red. The markets are again at the lows of the day just when we thought that we were recovering. Nifty is trading at the day's low at 4500 mark and NSE Advance:Decline at 1:75.

Stocks are down between 40%-50%, Reliance Energy down 30%, RNRL down 48%, IFCI, Nagarjuna Fert down 40%.

At 11.40 hrs IST, the Sensex is down 1,636.47 points or 9.30% at 15968.88, and the Nifty down 418.50 points or 8.03% at 4790.30.

About 216 shares have advanced, 2728 shares declined, and 37 shares are unchanged.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70%, Cipla at 172.10 down 9.64%, Ambuja Cements at 115.95  down 8.81%
ITC at 186.50 down 8.29%. 

On NSE advance decline ratio was 1:88. Midcap, power, realty, metal and oil & gas stocks were the worst hit counters during this mayhem. All these indices were trading with a huge cut of over 10%. Realty index was down over 14%.

BSE Smallcap index was down over 10%. major losers in the smallcap space were Adlabs Films down over 27%, IFCI down over 24%, Bajaj Hindustan down 23%, Peninsula Land down 23%, Core Projects down over 20%.

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40% sheding two third of its market cap.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34%, Ispat Industries at 31.20 down 28.77%, Chennai Petro at 210.50 down 27.77%, Triveni Engg at 83.50 down 26.91%, Sterlite Techno at 170.00 down 25.96% and CESC at 380.10 down 25.74%.

Market recovers significantly

The markets have recovered significantly after an hour of halt on the back of down circuit it hit in the opening move. They have recovered basically on account of Finance Miniter's assurance of  enough liquidity in the economy. Sensex and Nifty were down over 7%.

Most of the index stocks were still trading in deep red. Market breadth was in negative but has improved from its morning levels. On NSE advance decline ratio was 1:25. Midcap, power, realty, metal and oil & gas stocks were the worst hit counters during this mayhem. All thes indices were trading with a huge cut of over 10%. Realty index was down over 14%.

At 11.13 hrs IST, the Sensex is down 1,078.20 points or 6.12% at 16527.15, and the Nifty down 425.15 points or 8.16% at 4783.65. About 238 shares have advanced, 2709 shares declined, and 34 shares are unchanged.

Top gainers on the Sensex are Bajaj Auto at Rs 2,200 up 6.57%, Wipro at Rs 447 up 1.64% and Ranbaxy Labs at Rs 365 up 0.50%.

Top losers on the Sensex are DLF at Rs 820 down 9.26%, Grasim at Rs 2,750 down 9.09% and Reliance Energy at Rs 1,640 down 7.66%.

Mkts hit lower circuit; trading stopped for an hour

It seems that pain is not yet over and the markets once again opened on extremely disappointing note after yesterday's catastrophic meltdown. Cues from the Asian markets added more pain to our markets.

Sensex and Nifty both opened with over 10% cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history. Sensex opened down 9.75% or 1716.41 points at 15888.94 and Nifty was down 12.10% or 630.45 points at 4578.35. Sensex so far was down 25% and Nifty 28% from its all time high.  

Major losers in the opening trade were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.

Asian markets were trading weak. Hong Kong's Hang Seng tumbled  5.36% or 1276.86 points at 22,542. Japan's Nikkei plunged 4.41% or 587.63 points at 12,738.31. Taiwan's Taiwan Weighted slipped 5.82% or 472.13 points at 7,638.07. Singapore's Straits Times fell 3.5% or 102.11 points at 2,815.04. South Korea's Seoul Composite was down 3.65% or 61.48 points at 1,622.08.

F&O cues:

  • Futures Open Interest down by Rs 20,839 crore, Options Open Interest up Rs 680 crore
  • Stock Futures now contribute 70% of fut OI; figure was 80% at market peak
  • Stock Futures shed 24 cr shares in Open Interest
  • 222 out of 224 Stock Futures shed Open Interest
  • 20 stocks shed at least 30 lakh shares in Open Interest
  • Nifty Jan Fut shed 13 lakh, Feb Fut add 12 lakh shares in Open Interest
  • Nifty Jan at 11-pt discount, Feb at 5-pt discount
  • Nifty Open Interest PCR at 0.96 Vs 1.05; has fallen from peak of 1.40
  • Nifty Puts Open Interest unchanged, Nifty Calls add 13.5 lakh shares in Open Interest
  • Nifty 5300 Put adds 4 lakh shares in Open Interest
  • Nifty 5800, 6000 Puts shed 2 lakh shares each in Open Interest
  • Nifty 5600 Call adds 7 lakh shares in Open Interest
  • Nifty 5700 Call adds 4.5 lakh shares in Open Interest
READ MORE ON  Sensex, Nifty, Indices

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