Mkt shows smart recovery; ends with moderate losses

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

It was an unexpected but a smart recovery shown by the markets as the Sensex moved up closing off day's lows. It opened in deep red and traded in negative terrain for major part of the day but showed sharp upmove to end with moderate losses.

Sensex recovered over 400 points from the day's low. Nifty recovered over 160 points from the lows. The bailout was led by heavyweights mainly by banking pivitols like SBI, PNB and ICICI Bank along with oil marketing and refiners like HPCL, BPCL and RPL.

Broader markets were underperformers but were significantly off the lows. Nifty Junior was up 1% by the close.

Among the top gainers PNB, HPCL, SBI were up 5% each, ICICI, BPCL and RPL were up 4%.

GMR Infra, RNRL, IFCI, Essar Oil were the gainers in the midcap space.

Among the frontline losers Unitech is down 8.5%, NTPC and Sterlite were down 5%. DLF down over 5%, ONGC and Reliance Energy down over 5%.

Oswal Chem, CESC, Petronet LNG, Neyvelie Lignite were the top laggards in the midcap space.

Sensex was down 76.30 points or 0.41% at 18526.32, and the Nifty down 41.70 points or 0.75% at 5519.35.

About 939 shares have advanced, 2066 shares declined, and 68 shares are unchanged.

The BSE Midcap Index ended at 8,090.84 down 1.6%.

The BSE Smallcap Index ended at 10,060.87 down 2%.

The BSE Bankex was up 2% at 10,406.24. Top losers were HDFC Bank, ICICI Bank and SBI. Midcap bank stocks were on fire with CBoP up 14%, Vijaya Bank up 13.8%.

The BSE Capital Goods Index was down 2.5% at 18,815.18. Reliance Infra, Carborundum, Larsen, Thermax closed lower.

The BSE Auto Index closed at 5,179.16 down 0.2%. Apollo Tyres, Escorts, TVS Motor, Exide Ind, Ashok Leyland closed higher.TVS Motor up 12%, Escorts up 12%, Ashok Leyland up 6.7%, LML locked at 5%.

The BSE Metal Index closed at 16,045.12 down 1.3%. Jindal Saw, Sterlite Ind, JindalStainless, NALCO, Hind Zinc closed lower.

The BSE FMCG Index closed flat at 2,103.72.  United Brewerie, Bata India, Colgate, GlaxoSmith Con, Tata Tea ended lower.

BSE Oil and Gas Index closed at 11,692.07 down 0.3%. Petronet LNG, ONGC, Essar Oil, IOC ended lower.

The BSE IT Index was at 3,959.90 down 0.7%. Financial Tech, I-Flex Solution, Patni Computer, Tech Mahindra, Infosys closed lower.

The NSE cash turnover was at Rs 17472.27 crore and the NSE F&O turnover was at Rs 71149.36 crore. The BSE cash turnover was Rs 7107.99 crore. Total market wide turnover was at Rs 95729.62 crore.

Market trades weak: Realty, power stocks down

The markets are trading weak amid choppiness, selling pressure is seen in scrips across sectors. The only index trading in green is the bankex with SBI up over 5% along with Reliance Capital up 6%. Broader markets are worst hit, with midcap and smallcap index down over 2.5%. Asian cues were not very encouraging with China's Shanghai down over 4%.

At 14.32 hrs IST, the Sensex is down 244.56 points or 1.31% at 18358.06, and the Nifty down 101.10 points or 1.82% at 5459.95.

About 754 shares have advanced, 2259 shares declined, and 57 shares are unchanged.

On the Nifty Unitech is down 10%, NTPC and Sterlite were down 6%, Suzlon  was down 5%.

On the Sensex DLF down over 5.6%, NTPC is down 5.3%, ONGC and Reliance Energy down over 4%. Reliance was trading at Rs 2,705.30 down 0.61%.

Oswal Chem down 13%, CESC, Petronet LNG down 11%, Neyvelie Lignite down 10% were the top laggards in the midcap space.

Among the few gainers are SBI followed by oil marketing duo of HPCL and BPCL up by 3.5% and 2.5% each respectively. Rate senstive auto stocks like Bajaja Auto, M&M and Maruti Suzuki are trading with mild gains.

Realty, power and capital goods stocks were trading under deep pressure. Realty index is down 6%, capital goods, metal and power index down over 3%.

On the primary market front, new listings are holding out their gains, Religare is up 2.3% and Varun Industries is trading above Rs 100.

Mkts lose further ground: Midcaps, smallcaps tumble

It continues to be a tough day for the markets as selling pressure is seen in scrips across sectors. There are no signs meaningful recovery. Sensex is down over 350 points and Nifty was down nearly 150 points Broader markets are worst hit, with midcap and smallcap index down over 3.3%.

Market breadth is extremely weak with 8 declines for every one advance.

At 1:20 hrs IST, the Sensex is down 357.69 points or 1.92% at 18244.93, and the Nifty down 133.80 points or 2.41% at 5427.25.

About 678 shares have advanced, 2329 shares declined, and 62 shares are unchanged.

On the Nifty Unitech is down 9%, NTPC and Sterlite were down 8%, Suzlon and Suzlon was down 7%.

On the Sensex NTPC is down 7%, DLF down over 6% and Reliance Energy down nearly 5%.

Oswal Chem down 13%, CESC, Petronet LNG down 11%, Neyvelie Lignite down 10%were the top laggards in the midcap space.

Realty, power and capital goods stocks were trading under deep pressure.

Realty index is down 6%, metal and power index down over 4%

Mkts recover from early lows amid choppy trade

The markets have recovered sharply from the early lows on the back of short covering taking place on the lower level. Its has been extremely volatile session since opening today.

IT, oil and gas, banking and metals stocks have witnessed good amount of buying in the last half an hour of trade. However, realty, power and capital goods stocks were still trading under deep pressure.

At 11.48 am, the Sensex is up 2.85 points or 0.02% at 18605.47, and the Nifty down 11.60 points or 0.21% at 5549.45. About 1068 shares have advanced, 1938 shares declined, and 62 shares are unchanged.

Top gainers on the Nifty are PNB at Rs 565 up 2.16%, SBI at Rs 2,200.45 up 2.03%  and HPCL at Rs 278.60 up 1.86%. 

Top losers on the Nifty are Unitech at Rs 340 down 5.16%, Tata Power at Rs 1,121.90 down 2.96% and HDFC at Rs 2,550 down 2.28%. 

Most active shares on NSE are Reliance Petro at Rs 203.40 with 11,967,261 shares, Reliance at Rs 2,741 with 784,577 shares and Reliance Energy at Rs 1,661 with 1,156,525 shares.  

BSE Midcap and small cap indices have also recovered from the days low and were trading with a cut of nearly 1%. BSE bankex, FMCG, oil & gas, IT and auto indices have jumped back in green, however realty, capital goods and power stocks were still in red.

Mkts trading weak on heavy FII capital outflows

The markets are trading weak and have slipped further on the back of heavy selling witnessed across the sectors. Nifty has slipped below the psychological level of 5500. Market breadth has collapsed further and on NSE, the advance decline ratio was nearly1:8.

At 10.40 am, the Sensex is down 129.02 points or 0.69% at 18473.60, and the Nifty down 57.35 points or 1.03% at 5503.70. About 777 shares have advanced, 2230 shares declined, and 61 shares are unchanged. BSE Midcap and smallcap indices were trading with deep cut of over 2%.

FIIs has been selling heavily for past two trading session. According to the Kotak Securities, some unwinding is also happening on the old P-notes and yen carried trade. Yen has appreciated sharply and was quoting at about 109 against US dollar.

Hindalco, TCS and ICICI Bank were the top gainers among the Sensex stocks. However, Rel Energy, Rel Comm, NTPC among the sensex stocks which were trading in red.

RPL, Jindal Saw, Reliance, SBI and RNRL were some of the most active counters today. Varun Industries got listed today on the bourses at Rs 105 against its issue price of Rs 60.

Mkts open on choppy note; bank, metal stocks up

The markets opened on choppy note today in line with its Asian peers. Metal, banking and oil & gas stocks were up in the early trade, however IT, realty and auto stocks were down.

At 9:56 am, Sensex was up 141 points at 18744 and Nifty was up 31 points at 5592. major losers in the early trade were RIL, L&T, Rel Energy, M&M, HDFC bank, Wipro and HUL. However, Hindalco, DLF, NTPC, Tisco and ABB were in green.

Asian indices extended declines today following Wall Street's sell-off. Japan's Nikkei slipped 0.40% or 59.75 points at 14,777.91, South Korea's Seoul Composite declined 0.25% or 4.51 points at 1,802.48, However, Hong Kong's Hang Seng rose 0.67% or 179.03 points at 26,797.22, Taiwan's Taiwan Weighted was up 0.08% or 6.80 points at 8,490.91 and Singapore's Straits Times climbed 0.08% or 2.83 points at 3,350.03.

US market: Dow Jones slipped 211 points at 12799 and Nasdaq down 34.7 points at 2562.15.

Market cues:

• FIIs net sell USD 265.8 million in equity on Nov 20
• MFs net buy Rs 138 cr in equity on Nov 20
• NSE F&O Open Interest down by Rs 2189 crore at Rs 1,05,812 crore
• F&O cues:
• Futures Open Interest down by Rs 3090 cr, Options Open Interest up by Rs 901 crore
• Stock Futures shed 4.5 cr shares in Open Int
• Nifty Nov Futures add 18 lakh lakh shares in Open Int
• Nifty Dec Futures add 14 lakh shares in Open Int
• Nifty Nov at 21-point discount, Dec at 42-point discount
• Nifty Open Int Put-Call ratio slides below 1 at 0.97 Vs 1.10
• Nifty OI Put-Call ratio has fallen from 1.21 to 0.97 in 2 days
• Nifty Puts shed 4 lakh, Calls add 15 lakh shares in Open Int
• Nifty 5800 Put sheds 2.3 lakh shares in Open Int
• Nifty 5500 Put sheds 2.2 lakh shares in Open Int
• Nifty 5700 Call adds 5 lakh shares in Open Int
• Nifty 5600 Call adds 3.6 lakh shares in Open Int