Mkts end weak on settlement day; oil exp, telecom, IT drag

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Markets @ 3:05 pm : Nifty below 2950; realty, oil exploration, telecom weak

The benchmark indices have extended losses further - the Nifty went closer to the 2,900 mark but did not slip below it. ONGC, Bharti Airtel, Reliance Industries, NTPC, TCS, Reilance Communication, SAIL, DLF, Unitech and L&T drag. There is some volatility ahead of December series settlement. The Nifty has a lot of put between the 2,900 and 3,000 levels.

The Sensex tumbled 153 points to 9,536 and the Nifty lost 59 points to 2,908, at 3:05 hours IST. BSE Midcap and Small Cap indices fell over 1% each.

Markets breadth is in favour of declines: about 978 shares have advanced while 1,643 shares have declined. Nearly 581 shares are unchanged.

On the global front, FTSE lost 37 points to 4,218 and CAC fell 2.32 points to 3,126.

Markets @ 2:13 pm : Mkts weak, volatile ahead of F&O expiry

The benchmark indices continue to trade in negative terrain. Shares of oil exploration, telecom, power, realty, metal, auto, and select technology companies are taking beating on the bourses. Midcap and smallcap indices are also following a similar trend. There is some volatility ahead of December series settlement.

The Sensex went down 101 points to 9,574 and the Nifty lost 39 points to 2,929, at 2:13 hours IST. BSE Midcap and Small cap indices fell nearly 1%.

Flows are mixed at FII desk and Satyam is in focus for third consecutive day. Multiple block deals happened in today's trade and some domestic funds are buyer in the stock. Satyam lost over 15% in first part of session, but managed to recover in second half due to buying on hopes that it could be a good acquisition target for MNC players. The stock lost about 8%.

Market breadth is weak; about 931 shares have advanced while 1665 shares have declined. Nearly 606 shares are unchanged.

BSE Realty Index plunged nearly 6%. Unitech crashed 13.36% and DLF down 4.34%. HDIL, Indiabulls Real, Omaxe, Orbit Corporation, Ansal Properties, Sobha Developers, Puravankara Projects, Parsvnath and Akruti City fell 3-9%.

Auto Index fell 2%. Tata Motors slipped 7.35%. M&M, Maruti Suzuki and Bharat Forge fell 1.8-2.6%.

Metal, Power, Oil & Gas, IT and FMCG indices lost 1.3-1.5%.

Buying in select bank stocks continues, as inflation, on Friday, is expected to be lower.

However, SBI, BHEL, ICICI Bank, Wipro and HUL are witnessing buying interest.

Markets @ 12:53 pm : Mkts in negative terrain; realty stocks under pressure

The markets are witnessing selling pressure, as shares of major oil exploration, power, metal, auto as well as select technology and telecom are in negative terrain. However, buying continues in Wipro, SBI, ICICI Bank, BPCL, BHEL, Infosys, Tata Communication, Hero Honda and Nalco. There is some volatility ahead of settlement of December series; short rollovers are picking up.

The Sensex slipped 74 points to 9,612 and the Nifty went down 27 points to 2,934, at 12:53 hours IST. BSE Midcap and Small cap indices fell 0.8-1.1%.

Among the frontliners, Unitech plunged 10.89% and Satyam fell 10.02%. Tata Motors lost 5.48%. SAIL, Tata Steel, DLF, TCS, Reliance Communication, Reliance Infrastructure, ITC, Grasim, Maruti Suzuki and Reliance Power fell 2-3.8%.

However, Wipro, Cairn, ICICI Bank, SBI, BHEL and Infosys rose 0.65-3.3%.

Shares of oil marketing companies like BPCL jumped 5.15%. HPCL gained 3.96% and IOC rose 1.37%.

Market breadth is in favour of declines due to weak broader indices; about 892 shares have advanced while 1691 shares have declined. Nearly 619 shares are unchanged.

Among the midcap stocks, ENIL, PVP Ventures, Lakshmi Energy, OnMobile Global and KS Oils rose 4.4-8.8%. However, Maytas Infra, Motilal Oswal, Gammon Infra, Sun Pharma Advanced and AIA Engineering tumbled 6-10%.

In the small cap space, ABG Infralogistics, Trent, Piramal Glass, VST and Ruby Mills gained 7-14%. However, Mukta Arts, TVS Motor, Gulf Oil Corp, Sharyans and Cholamandalam fell 7-13%.

Markets @ 12 pm : Nifty struggles @ 2950; Satyam, Tata Motors, Unitech losers

Continuous sell-off in shares of major oil exploration, metal, realty, auto, power and select technology companies, is putting pressure on the benchmark indices. There is some volatility as well ahead of settlement of December series. Midcap and small cap indices extended losses further.

ONGC, NTPC, DLF, Reliance Industries, Satyam, Reliance Communication, SAIL, Unitech, TCS, HDFC Bank, Tata Steel, Tata Motors and Maruti Suzuki are leading losers. However, buying is seen in Wipro, SBI, ICICI Bank, BPCL, BHEL, Infosys, Hero Honda and Ranbaxy Labs.

The Sensex fell 82 points to 9,604 and the Nifty lost 27 points to 2,941, at 12 hours IST. BSE Midcap and Small cap indices slipped over 1% each.

Market breadth is weak; about 877 shares have advanced while 1679 shares have declined. Nearly 646 shares are unchanged.

BHEL bagged two orders worth Rs 2,100 crore from NTPC; the stock went up nearly 1%.

Markets @ 10:56 am : Mkts trade lower; ONGC, NTPC, RIL, HDFC Bank dip

The benchmark indices are trading lower with some volatility ahead of settlement of the December series. Selling continues in oil exploration, realty, auto, metal, power, and select cement and capital goods stocks. Midcap and small cap indices have slipped further.

However, buying is seen in OMCs, major technology, select banking and telecom stocks.

The Sensex went down 53 points to 9,633 and the Nifty tumbled 19 points to 2,949, at 10:56 hours IST. BSE Midcap and Small cap indices lost close to 1%.

The market breadth is currently in favour of declines; about 885 shares have advanced while 1639 shares have declined. Nearly 678 shares remain unchanged.

Realty Index plunged 3.55%. Unitech lost 8.04% and DLF fell 2.82%.

BSE Oil & Gas Index slipped just 1%, as ONGC and Reliance Industries went down over 1%.

Power stocks like Power Grid Corp, GVK Power, GMR Infra, CESC, NTPC and Torrent Power tumbled 1.4-3%. Index fell 1%.

Auto Index lost 1.3%, as Tata Motors crashed 5.06%. Maruti Suzuki and Bharat Forge slipped 2%.

Government issued oil bonds worth Rs 22,000 crore to 3 PSU OMCs like BPCL, HPCL and IOC. Shares of these companies gained 1-3.3%.

Pyramid Saimira Theatre locked at 10% lower circuit today as well. There are pending sell orders of 105,539 shares, with no buyers available.

There are pending sell orders of 120,108 shares, with no buyers available in Marg. The stock locked at 5% lower circuit.

Markets @ 9:56 am : Nifty tests 2950; Satyam, Unitech top losers; Wipro gains

The markets have slipped in early trade and continue to fall for the third consecutive day, following weak global cues. Selling is seen in auto, realty, metal, oil, and select technology stocks.

At 9:56 am, the Sensex fell 74 points to 9,612 and the Nifty lost 15 points to  2,953. CNX Midcap 100 tumbled 0.55 to 3,649.

Among the frontliners, Tata Motors, SAIL, Tata Steel, Sterlite Industries, Maruti, M&M, DLF, ONGC and Reliance Industries are losers.

Unitech lost 6%, as the company is looking to sell 26-40% equity at Rs 60-65/sh, as per sources.

Satyam crashed another 14%, after World Bank admitted to debarring Satyam for 8-years due to data theft.

However, Wipro surged nearly 3%, as the company will buy Citi's India tech arm for $127 million in cash and deal to close by March 09.

Punj Lloyd gained over 1% as the company bagged Rs 304 crore worth of Common wealth Games order from Delhi Government.

Asian markets are trading mixed. Nikkei (was closed on Tuesday) and Kospi fell 2.3-2.5%. Shanghai, Hang Seng and Taiwan lost 0.2-0.7%. However, Straits Times gained 1.1% and Jakarta rose 0.35%.

NYMEX February crude declined 2.5% yesterday. It is currently trading at 4-year low at USD 39 per barrel. Nymex will close trade early today ahead of Christmas eve.

US markets ended lower after concerns on the future of the big 3 US auto majors continued to hover. General Motors shares tumbled 15% after Standard & Poor's ratings services and Moody's investor's service downgraded ratings on Chrysler and Ford Motors. In economic data, the Commerce Department held its estimate at -0.5% for Q3 GDP, the expectations were unrevised. New home sales slowed to the slowest pace since 1991.

The Dow Jones plunged 100.28 points, or 1.18%, to 8,419.49. The S&P 500 index shed 8.47 points, or 0.97%, to 863.16. The Nasdaq composite index slipped 10.81 points, or 0.71%, to 1,521.54.

Market cues:

FIIs net sell USD 55.6 million in equity on December 22

MFs net buy Rs 163.2 crore in equity on December 22

F&O Open Int down by Rs 1,061 crore to Rs 62,569 crore

Total Futures Open Int down by Rs 1,375 crore to Rs 30,002 crore

F&O cues:

Marketwide rollover 55% versus 40% a day ago

Nifty rollovers 53% versus 40% a day ago

Nifty down 2.3%, Nifty Futures Open Int down by 12.3 lakh shares

Nifty Jan shed 61.5 lakh shares & Jan Futures add 49 lakh shares in Open Int

Nifty Dec Futures trade at 5 pts premium; Jan Futures trade at 19 pts premium

Stock Futures shed 26.5 lakh shares in Open Int

Nifty Open Int Put-Call ratio down from 1.47 to 1.37

Nifty Put shed 7.8 lakh shares, call add 18.7 lakh shares in Open Int

Dec 3000 Put shed 11.5 lakh shares in Open Int

Jan 3000 Put add 5.7 lakh shares in Open Int

Jan 3100 Put add 4.5 lakh shares in Open Int

Jan 3100 Call add 3.3 lakh shares in Open Int