Mkts shocked on rising oil; Sensex, Nifty end down 4%

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 @ 11:48 am : Mkts crash; Rel Infra, Tata Steel, DLF, HDFC top losers

Markets have bruised very badly, trading sharply lower as metal, realty, power, banking, capital goods and oil stocks are getting huge beating on the bourses. Market breadth has worsened; about 824 shares are advancing while 2075 shares declining. Nearly 236 shares are unchanged. 

Reliance Ind, DLF, Bharti Airtel, ICICI Bank, Tata Steel, HDFC and Infosys are top draggers for both indices.

At 11:48 am, the Sensex was down 563 points at 13,101 and Nifty down 164 points at 3,929. Nifty July Futures was trading at 44 points discount. BSE Midcap and Small Cap indices were down 2-3%.

Amongst frontliners, Tata Power was down 10.88%, Reliance Infra -10%, Tata Steel -9.08%, Sterlite Ind -8.18%, SAIL -7.64%, DLF -7.47%, HDFC -6.97% and ICICI Bank -6.94%.

BSE Metal and Realty indices plunged over 7%, Power -5.6%, Bankex -4.7%, Capital Goods, TECk, Oil & Gas, IT, Auto and FMCG fell 2-4%. Healthcare declined 1.2%.

Markets @ 10:34 am : Mkts in bear grip; Realty, Metal down over 6%

Markets have completely smashed out in early trade and given up yesterday's gain. Realty, Metal and Power indices crashed 6-8%. All indices are trading in red. Market breadth is weak; about 882 shares are advancing while 2006 shares declining. Nearly 247 shares are unchanged. All stocks in Sensex and Nifty are in red barring Hero Honda.

Reliance Ind, ICICI Bank, Tata Steel, HDFC, L&T, Reliance Comm, Infosys, ONGC and DLF are draggers for both indices.

At 10:34 am, the Sensex was down 531 points at 13,122 and Nifty down 162 points at 3,931. Nifty July Futures was trading at 39 points discount.

Top losers are Tata Steel, Reliance Infra, DLF, Reliance Comm, HDFC, Tata Power and Sterlite Industries, which fell around 7-11%.

Realty Index was down 6.7%. Indiabulls Real, HDIL, Ansal Properties, DLF, Omaxe, Unitech, Akruti City, Parsvnath, Phoenix Mills, Sobha Developers, Peninsula Land and Mahindra Life plunged 5-10%.

Metal Index skid 6.23T. JSW Steel, Tata Steel, Jindal Steel, SAIL, Sterlite Ind, Sesa Goa, Guj NRE Coke and NMDC fell 5-11%.

Power lost 4.82%. Tata Power, Reliance Infra, Lanco Infratech, GMR Infra, Suzlon Energy, Reliance Power and Neyveli Lignite slid 5-11%.

Bankex fell 4.73%. Karnataka Bank, Kotak Mahindra, Axis Bank, IndusInd Bank, ICICI Bank, PNB, Yes Bank, HDFC Bank, IOB and Bank of India were down 4-8%.

Auto was down by 3.91%. Tata Motors, M&M, Maruti Suzuki, Escorts, Exide Industries, Hind Motors and Amtek Auto crashed 3-7%.

Most active counters are Reliance Infra, Reliance Capital and Reliance Ind.

On the primary market front, Avon Weighing Systems was up 48.50% at Rs 14.85 as against issue price of Rs 10.

Markets @ 10:04 am : Weak global cues haunt mkts; Nifty below 4000

Markets have lost ground in opening trade and given up some of gains of yesterday's rally following weak US and Asian markets as Crude hit new all-time high of $ 144.36 per barrel. Banking, power, realty, oil and capital goods stocks have butchered.

Biggest losers are HDFC, Reliance Infra, Maruti Suzuki and DLF.

Amongst other frontliners, Reliance Ind, Infosys, JP Associates, Unitech, ITC, Reliance Petro, ICICI Bank, Cairn India, HDFC Bank, Ambuja Cements, Reliance Comm, Satyam and L&T plunged.

Nifty slipped below 4000 mark. At 10:04 am, the Nifty was down 108 points at 3,985 and Sensex down 374 points at 13,290. Nifty July Futures was trading at 27 points discount.

Asian markets were trading weak. Hang Seng declined 0.47%, Jakarta Composite -3.25%, Nikkei -0.22%, Straits Times -0.76%, Kospi -0.87% and Taiwan -0.5%.

Crude hits a record USD 144.32 a barrel and settled at a record of USD 143.57, a gain of USD 2.60 on the NYMEX.

In US markets, a see saw session ended with stocks falling off in the afternoon and landing in bear market territory by closing bell. Stocks got an early bump as factory orders rose in may but sentiment was tarnished with rising crude prices and bleak ADP jobs report ahead of tomorrows jobs report. The Dow plunged 166.75 points, or 1.46%, to 11,215.51. The Standard & Poor's 500 index lost 23.39 points, or 1.82%, to 1,261.52, while the technology-laden Nasdaq composite index tumbled 53.51 points, or 2.32%, to 2,251.46

Market cues:

• FIIs net buy $43.2 mn in equity
• Domestic MFs net sell Rs 193.5 cr in equity
• NSE F&O Open Interest up by Rs 2,663 crore at Rs 64,046 crore

F&O cues:

• Nifty up 5%, Futures Open Interest down 5%
• Futures Open Interest up by Rs 1,776 crore and Option Open Interest up by Rs 887 cr
• Nifty Futures at 29 pts discount Vs 64 pts discount a day ago
• Nifty Futures Open Interest down by 20 lakh shares
• Nifty Open Interest Put-Call ratio at 1.03 Vs 0.97
• Nifty Puts add 17.7 lakh shares in Open Interest
• Nifty Calls add 3.46 lakh shares in Open Interest
• Nifty 3700 Put got active yesterday
• Nifty 3700 Put adds 14.5 lakh shares in Open Interest
• Nifty 3800 Put adds 6.9 lakh shares in Open Interest
• Nifty 3800 Call adds 3.7 lakh shares in Open Interest
• Nifty 4000 Call adds 2.4 lakh shares in Open Interest
•  Nifty 4000 Put sheds 4 lakh shares in Open Interest
• Nifty 4200 Call sheds 2.7 lakh shares in Open Interest