Nifty plummets below 4600; RIL slips nearly 5%, DLF dips 9%

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Nifty consolidates; Bharti up 4.5%, RIL, SBI, DLF drag

At 12:39 hours IST, the Nifty was consolidating at current levels as traders looked cautious after heavy sell-off in the last five days. Both the equity benchmarks were hovering at their previous closing values. Heavyweights Reliance Industries, SBI and HUL were down 1.3-2.5%. Realty, technology, power, select metal and cement stocks were under pressure. Hero Honda lost over 2%.

However, heavyweight Bharti Airtel surged 4.5% and ICICI Bank rose over 3%. Capital goods, Auto, oil & gas (barring RIL), pharma and select banking stocks were seeing buying interest.

The Sensex was up just 11 points at 15,907 and the Nifty gained 1 point at 4,712. The market breadth was weak; about 416 shares advanced while 836 shares declined on the NSE. The BSE Midcap Index fell 0.4% and the Smallcap Index lost 1%.

In the largecaps, Suzlon Energy plunged over 9% on disappointing numbers. Reliance Communication, Hindalco, ABB and DLF fell 4.5-5%. Reliance Infrastructure slipped 2.5%.

In the midcap space, Bajaj Hindusthan surged 8.43% while Balrampur Chini lost 6.5%. According to CNBC-TV18's exclusive sources, deal between Bajaj Hindusthan and Balrampur is called off on differences. Bajaj Hind was looking to buy promoter stake in Balrampur.

Bayer Cropsciences, Ashok Leyland, Piramal Health and IRB Infra were up 4.8-6% while Indiabulls Financial, Syndicate Bank, Anant Raj Industries and Educomp Solutions declined 6.5-8.6%.

In the smallcap space, Hawkins Cooker surged over 18% and Mukand was up 12%. Bliss GVS and Savita Oil Tech gained 6.5-8%. However, Genus Power, Gwalior Chemical, Shanthi Gears, Godawari Power and Prime Securities slipped 8-12%.

In the realty space, Indiabulls Real, DLF and Unitech fell 4-5.5%.

Power stocks like ABB, Reliance Infrastructure, Neyveli Lignite, Reliance Power, Adani Power and Lanco Infratech lost 1-5%. NHPC and NTPC declined 0.3-0.6%.

In the technology space, HCL Tech, Wipro, Infosys, Tech Mahindra and TCS declined 0.8-3%.

However, L&T, Siemens and BHEL gained 0.7-0.9%.

In the auto pack, Ashok Leyland, Bajaj Auto, Bharat Forge, Apollo Tyres and Tata Motors were up 1-5.6%. Maruti Suzuki rose 0.78%.

Sensex inching towards 16K; pharma, auto gain

At 11.53 hrs IST, the Nifty was trading above 4700 amid volatility. Reliance Communication, Hindalco, Reliance Infra and Hindustan Unilever were the top draggers to the Sensex post disappointing results announced by the companies over the weekend. The BSE Midcap & Smallcap Index was down 0.7% & 1.27% respectively. Realty, metal, Oil&Gas, IT continued to reel under pressure. The bulls were betting on pharma, auto & capital goods stocks.

The Sensex was up 8.99 points or 0.06% at 15905.27 inching toward the 16000 mark and the Nifty was up 12.70 points or 0.27% at 4724.40. About 1133 shares advanced, 1786 shares declined, and 844 shares were unchanged.

SAIL and JSW Steel reduced flat product prices. The stocks gained more than 1% each. Sources told CNBC-TV18 that Mahindra Satyam was likely to sign USD 200 million outsourcing deal with SAAB. The stock was trading marginally in the green.

ADAG stocks like Reliance Infra, Reliance Capital, Reliance Communication were down 3-4%.

In the midcap space, Bajaj Hindusthan gained 9%. The stock has been buzzing post news of Balrampur Chini buyout. Ashok Leyland, Piramal Healthcare, Bayer Cropscience & Hindustan Construction were up 4-5%. On the losing side, Indiabulls was down more than 9%. Stocks like Syndicate Bank, Dishman Pharma, Future Capital & KGN Industries were down 5-6%.

In the smallcap space Hawkins Cooker was the top gainer with 14.7% gain. Mukand was another smallcap stock with double digit percentage gain. Top losers on the BSE Smallcap were Genus Power, Godawari Power, Webel SL Energy, Forbes Gokak & Gwalior Chem down 9-12%.

Sensex volatile; Bharti, ICICI Bank, ITC, L&T, BHEL gain
 
At 10:57 hours IST, the Sensex turned into the green and was witnessing volatility. Heavyweights Bharti Airtel, ITC and ICICI Bank were supportive, gained 1.7-2.3%. Auto stocks were seeing buying interest post good sales numbers for the month of October. Buying in capital goods, select banking, pharma and steel stocks also capped the losses.

However, selling continued in realty, technology and power companies' shares. Reliance Industries, HUL, Reliance Communication, Hindalco, SBI and Hero Honda were the other losers.

The Sensex was up 19 points at 15,915 and the Nifty gained just 2 points to 4,713. However, the broader indices were down. The BSE Midcap Index fell 0.4% and the Smallcap Index lost 1%. About 1,122 shares advanced while 1,773 shares declined on the BSE. Nearly 868 shares were unchanged.

L&T gained over 1.5%, as it bagged order worth Rs 6,897 crore for 2,000 MW power plant.

Unity Infra and IVRCL joint venture received order worth Rs 1,150 crore. Unity Infraprojects rose 2.7% and IVRCL Infrastructure was up just 0.3%.

In a block deal, 1.10 crore shares of Sanghi Industries changed hands on BSE at Rs 33 per share.

Videocon's board approved raising up to Rs 1,200 crore via rights issue. The stock fell 3%.

In the midcap space, Bajaj Hindusthan shot up 8%. Jain Irrigation, Ashok Leyland, Nirma and BEML were up 3-3.8% while Balrampur Chini lost 7%. Indiabulls Financial, Syndicate Bank, Dishman Pharma and Gujarat Flourochem slipped 5-6.6%.

In the smallcap space Disa India, Mukand and Hawkins Cooker jumped 12-14.5%. Sanghi Industries rose 8.6%. However, Genus Power, Godawari Power, Sanwaria Agro, Gwalior Chemical and Shanthi Gears declined 9-13%.

Nifty trades below 4700; Suzlon, RComm, HUL, Hindalco tank

The Nifty opened lower and was trading below the 4,700 mark on the back of sell-off in largecaps post disappointing results on Saturday. The markets were reacting to Friday's fall of 250 points in the US markets on sell-off in financial stocks, as our markets were closed on Monday.

At 9:56 am, the Sensex was down 94 points at 15,801 and the Nifty declined 30 points to 4,681. The CNX Midcap slipped 23 points to 6,556. About 262 shares advanced while 450 shares declined on the NSE. 

Among the frontliners, Suzlon, Reliance Communications, Hindalco, Idea Cellular, Unitech and Hindustan Unilever were under pressure on disappointing results.

ACC, Cipla, Reliance Power, ABB, ICICI Bank, SBI and Jindal Steel were other the losers.

However, ONGC, SAIL, Jaiprakash Associates, Ranbaxy, Infosys and HDFC capped the losses to some exent.

Ashok Leyland, Tata Motors and Maruti gained 1-2% on good auto sales numbers for October 2009.

Midcap space:

Balrampur Chini fell 3% while Bajaj Hindusthan gained 6%.

Recently listed, Indiabulls Power was down another 2% to Rs 38.65.

Syndicate Bank fell 5.5%.

Global cues:

Asian markets were trading mixed. Shanghai was up 1.3% while Hang Seng and Kospi fell 0.5-0.8%. Straits Times and Taiwan Weighted were flat. SGX Nifty was down over 1%.

The US markets witnessed worst weekly loss in 5 months and snapped seven straight months of gains. These markets slid 2.5% on Friday ((biggest 1 day % drop since July)) while they gained 0.8% on Monday but slipped from day's high. ((The Dow Jones ended down 250 poonts on Friday while gained 77 points on Monday))

US financials hit on Friday after an analyst comment that Citigroup may have to take another $10 bullion in write-downs and likely CIT bankruptcy filing in next few days.

The Dow Jones Industrial Average ended up 77 points at 9,789 on Monday, after slipping 70 points from day's high of 9,858.

The Nasdaq Composite was up 4 points at 2,049 on Monday, after slipping 20 points from day's high of 2,069 and the S&P 500 Index ended up 6.7 points at 1,043 on Monday, after slipping 10 points from day's high of 1,052.

Market cues:

-FIIs net buy Rs 576 crore in cash on October 30
-DIIs net buy Rs 593 crore in cash on October 30
-FIIs net buy Rs 2070 crore in F&O on October 30

F&O cues:

-Total F&O Open Interest up by Rs 3478 crore at Rs 81,625 crore
-Total Futures Open Interest down by Rs 704 crore
-Nifty down 0.8%, Futures Open Interest up 2%
-Nifty Nov Futures trading at a 4-pt discount
-Nifty PCR ratio down from 1.28 to 1.13
-Nifty IVs at 25-27%
-Nifty Calls add 59 lakh shares in Open Interest
-Nifty Puts add 17 lakh shares in Open Interest
-Nifty 4800 Call adds 19.1 lakh shares in Open Interest
-Nifty 4900 Call adds 12 lakh shares in Open Interest
-Nifty 4700 Call adds 8.5 lakh shares in Open Interest
-Nifty 5000 Call adds 6.3 lakh shares in Open Interest
-Nifty 4800 Put sheds 5.3 lakh shares in Open Interest
-Stock Futures shed 2.9 cr shares in Open Interest