Mkts ends in deep red; Bank, Realty down 5%

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

Markets @ 2:37 pm : Nifty slips below 4300; SBI, HDFC Bk, Tata Comm plunge

Markets are trading under enormous selling pressure as realty, bank, power and capital goods stocks tumbled. Selling is also seen in metal, oil & gas, IT, pharma and auto stocks. Nifty slipped below 4300. The BSE midcap and smallcap indices are down over 1%. Out of Sensex 30 stocks, only Ranbaxy is trading in green.

At 2.37 pm, the Sensex is down 359.65 points or 2.45% at 14318.58, and the Nifty is down 122 points 4293.

Market breadth is negative, about 867 shares have advanced, 1946 shares declined, and 352 shares are unchanged.

Top losers on the bourses are SBI at Rs 1,354.20 down 6.27%, HDFC Bank at Rs 1,173 down 5.24%, Jaiprakash Asso Rs 162.55 5.16, Tata Comm at Rs 414.15 down 4.56% and DLF at Rs 487.50 down 4.51%.

Markets @ 1:34 pm : Nifty around 4300; banks, realty, power, CG worst hit

Frontline indices have crashed and trading at days low. Selling pressure continued in banking, realty, power, capital goods, oil & gas, telecom, metal and technology stocks. Negative cues from European markets are also playing key role.

The Sensex tumbled 316 points at 14,361 and Nifty lost 106 points at 4,309, at 1:34 pm. BSE Midcap and Small cap indices fell over 1.3% each, which turned market breadth into negative territory. About 898 shares have advanced while 1921 shares declined. Nearly 346 shares are unchanged.

Amongst frontliners, SBI, DLF, NTPC, BPCL and Tata Communication slid over 5% each. However, gainers are Ranbaxy Labs and Cairn India.

BSE Realty Index plunged 4%, Bankex -3.7%, Power -2.55% and Capital Goods -2.47%. Oil & Gas, TECk, Metal, IT and Healthcare indices fell 1-1.8%.

Main contributors to this sell off are ONGC, SBI, DLF, Reliance Ind, BHEL, Bharti Airtel, Reliance Comm, ICICI Bank, TCS and HDFC Bank.

Amongst midcap stocks, HEG, GTL Infra, Rel Ind Infra, Motilal Oswal, India Infoline, SREI Infra, STC India and BF Utilities fell 5-13%.

In the small cap space, Noida Toll, Modern India, PVP Ventures, Piramal Life, SEL Manufacturing, Dhanalak Bnk, Simplex Project and Deep Industries skid around 6-10%.

On the global front, European markets have slipped further. FTSE fell 0.9%, DAX and CAC down over 1.2% each.

Markets @ 12:18 pm : Mkts under pressure ahead of inflation nos

Markets are witnessing huge selling pressure ahead of Inflation numbers, while is likely to increase to 12.62% for the week ended August 9 as against 12.44% in previous week. Realty, banking, power, capital goods, oil & gas and pharma stocks are under pressure. Major Asian markets are down, which also pushing markets down.

Midcap and small cap stocks are also lost ground, respective indices fell 0.90% and 0.7%. Market breadth is weak; about 1088 shares have advanced while 1710 shares declined. Nearly 367 shares are unchanged.

The Sensex declined by 259 points at 14,419 and Nifty down 85 points at 4,329, at 12:18 pm.

SBI, DLF, NTPC and Unitech are top losers while gainers are Tata Motors, Tata Power, Sterlite Ind and Cairn India.

BSE Realty and Bankex slid around 3% each. Power fell 2%. Capital Goods, Oil & Gas, Healthcare and IT lost 1-1.8%. Metal and FMCG fell 0.9% each.

Speaking to CNBC-TV18 Benjamin Pedley, Exec Dir-Invst Strategist at LGT Bank said, "I think Indian stocks are starting to find bottom around that 13,000-14,000 level. The big problem for India is inflation, which remains in the system and that is prompting speculation of further interest rate increases from Reserve Bank of India."

Markets @ 10:51 am : Mkts slip further; SBI, NTPC, HDFC Bank top losers

Markets have slipped further as selling continued in banking, realty, power, technology, capital goods and oil stocks. Weak Asian cues fueled to negative sentiments. Midcap and small cap stocks also under pressure. Market breadth is weak; about 1193 shares have advanced while 1572 shares declined. Nearly 400 shares are unchanged.

The Sensex lost 208 points at 14,469 and Nifty down by 68 points at 4347, at 10:51 am. BSE Midcap Index fell 0.75% and Small Cap down 0.44%.

Top losers are SBI, NTPC and HDFC Bank while gainers are Tata Motors, Sterlite Ind, Tata Power and Cairn India.

BSE Bankex tumbled over 2.5% as selling is seen in SBI, HDFC Bank, Bank of India, Kotak Mahindra Bank, Axis Bank, ICICI Bank and Union Bank.

Realty Index lost nearly 2% due to sell off in Unitech, Sobha Developer, DLF, Peninsula Land, Omaxe, Indiabulls Real and Parsvnath.

Power stocks like NTPC, GVK Power, Suzlon Energy, Reliance Power, Reliance Infra, GMR Infra and Power Grid crashed. Index fell 1.5%.

Oil & Gas Index slipped 1.3% on the back of weakness in GAIL, HPCL, IOC, BPCL, Essar Oil, ONGC and Reliance Industries.

BSE Capital Goods, IT and Healthcare fell 1-1.7%. FMCG and Metal declined 0.6% each.

Markets @ 9:56 am : Mkts weak on profit booking, -ve Asian cues

Markets have opened lower on the back of profit booking after yesterdays positive run up and weak Asian cues. Selling is seen in banking, capital goods, power, technology and realty stocks. Nifty is trading below 4400.

At 9:56 am, the Sensex fell 108 points at 14,570 and Nifty down 33 points at 4,382. CNX Midcap lost 18 points at 5,745.

Amongst frontliners, DLF, Unitech, HDFC, JP Associates, Reliance Infra, GAIL, HCL Tech, NTPC, Reliance, ICICI Bank and SBI have lost ground.

Tata Motors gained nearly 4% after the company has revised raising long term capital due to capital market conditions.

Crude oil is trading near $ 116 per barrel in a volatile session on the NYMEX. Crude inventories rose by largest amount since early 2001. Goldman Sachs reiterated crude oil forecast for year-end price at $ 149/bbl

Asian markets were trading lower. Taiwan, Kospi, Straits Times, Nikkei, Shanghai and Hang Seng declined 0.80%-2.5%.

In the US markets, major indices ended a choppy session higher, helped by a late rally in banks and better-than-expected results from Hewlett-Packard. The Dow Jones gained 68.88 points, or 0.61%, to 11,417.43. The S&P 500 index advanced 7.85 points, or 0.62%, to 1,274.54, while the Nasdaq composite index added 4.72 points, or 0.20%, to 2,389.08.

Market cues:

• FIIs net sell $ 281.6 mn in equity on Aug 19
• MFs net sell Rs 136.3 cr in equity on Aug 19
• NSE F&O Open Int up by Rs 1,576 crore at Rs 81,055 crore

F&O cues:

• Futures Open Int up by Rs 1,048 crore, Options Open Int up by Rs 528 crore
• Nifty Futures add 2.88 lakh shares in Open Int
• Nifty Futures premium unchanged at 21 pts
• Sep Stock Futures add 1.7 cr shares in Open Int
• Nifty Open Int Put-Call Ratio unchanged at 1.09
• Nifty Puts add 5.5 lakh; Calls add 4.25 lakh shares in Open Int
• Nifty Sep 4200 Put adds 2.8 lk shrs in Open Interest
• Nifty 4500 Call add 2 lakh shares in Open Interest
• Nifty 4400 Call shed 2.3 lakh shares in Open Interest