Nifty slips below 4400; realty, metal, oil & gas down 4-7%

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Sensex touches 15K as global mkts tumble

At 12:42 hours IST, the Sensex slipped below the 15,000 mark and the Nifty below the 4450 level on the back of sell-off across the globe. Both indices retraced back above those levels. In Asia, Shanghai tumbled nearly 6% while other markets were down 2-3%. European markets opened lower and were down about 1% each.

Selling was seen across all the sectors; the BSE Realty Index plunged over 5% and Metal Index fell 4.5%. Auto, Bank, Oil & Gas, FMCG, IT, TECk and Capital Goods indices fell 2-3.5%.

The Nifty lost 133 points, to 4,446 and the Sensex fell 423 points, to 14,988. The broader indices were following the same trend; down 1-2%.

The market breadth was negative; about 980 shares advanced while 1,754 shares declined on the BSE. Nearly 444 shares were unchanged.

Top losers - Hero Honda, Hindalco, Tata Steel, DLF, Sterlite Industries and Unitech were down 4.5-5.5%.

Negative contributors - Reliance Industries, ONGC, Infosys, ICICI Bank, SBI, L&T and ITC slipped 2-4%.

In the midcap space, BGR Energy, Marico, Hindustan Oil Exploration, SKF India and Bajaj Holdings gained 3.5-5% while Phoenix Mills, United Phosphorous, Indraprastha Gas, Indiabulls Real and HDIL declined 6-8%.

In the smallcap space, Cambridge Solutions, Allied Digital, Suashish Diamon, Goodricke Group and Kiri Dyes Chemical went up 8-14% while Oil Country, Madhucon Projects, Bombay Burmah, Entertainment Network and Honda Siel lost 6-8%.

Slump in Shanghai led by base metals hammers Sensex

At 11:48 hours IST, the Sensex slid further and was inching down towards the 15,000 mark. Nearly 5% fall in Shanghai Index and slump in base metals' prices were the main triggers for today's downtrend. FDI (foreign direct investment) in China fell 35.7% in July, which was the 10th straight month of decline.

Shanghai was the underperformer in the month of August and lost 13% from its August high. Metals prices lost ground in the international markets. Copper and zinc prices tumbled by the daily limit.

All the sectoral indices were in the red. The BSE Realty, Auto and Metal indices fell 3-4%. Bank, FMCG, Oil & Gas, IT and TECk indices lost 2-2.5%. Capital Goods, Healthcare and Power indices declined 1-1.8%. However, only four stocks namely Tata Communication, Ranbaxy, BPCL and BHEL were up 0.5-1% among the Nifty 50.

The Sensex was down 346 points, to 15,064 and the Nifty tumbled 112 points, to 4,468. Among the broader indices, the BSE Midcap fell 1.8% and Smallcap Index lost 0.8%. About 1071 shares advanced while 1648 shares declined on the BSE. Nearly 459 shares were unchanged.

In the realty space, Unitech, HDIL, Orbit Corporation, Parsvnath, Indiabulls Real and DLF were down 4-5%.

Metal stocks like Hindalco, Tata Steel, Sesa Goa, Sterlite, Jindal Steel, JSW Steel and SAIL lost 3.4-5%. In the auto space, Hero Honda, Bharat Forge, Bajaj Auto, M&M, Maruti Suzuki, Ashok Leyland, Tata Motors and Amtek Auto were down 2.5-5.4%.

In the banking space, ICICI Bank, Bank of Baroda, PNB, Axis Bank, SBI and HDFC Bank declined 1-3.5%. In the oil & gas pack, Cairn India, Reliance Industries, GAIL and ONGC slipped 2-4%.

Sensex plunges as Asian mkts extend losses; realty dips 3%

At 10:48 hours IST, the Nifty witnessed huge selling pressure on the back of sell-off across all the sectors and was trading below the 4500 mark. Oil & gas exploration, metal, technology, FMCG, banking, auto and telecom stocks were leading this fall.

Around 1.8-3% fall in Asian markets was the major trigger for today's sell-off. The Sensex was down 325 points, to 15,085 and the Nifty lost 102 points, to 4,477. The BSE Midcap fell over 1% and the Smallcap Index down 0.5%. About 332 shares advanced while 797 shares declined on the NSE.

All the sectoral indices were down. The BSE Realty, Metal, Auto, Bank, Oil & Gas, FMCG and IT indices slipped 2-3%.

Manishi Raychaudhuri, MD, BNP Paribas Securities said that the market was likely to be ranged between 13000-16000 for a while. He added that the market was likely to correct around 10% and that fall would act as a good entry chance. He did not see any significant room for earnings upgrades.

Only four stocks like BPCL, Tata Communication, BHEL and NTPC were in the green among the Nifty 50.

Top losers - Hero Honda, Sterlite Industries, Unitech, Reliance Capital, M&M, Jaiprakash Associates and Hindalco were down 3-5%.

Negative contributors - Reliance Industries, ONGC, ICICI Bank, Infosys, SBI, L&T and ITC were down 2-3%.

Sensex opens sharply lower on weak Asian cues

The Sensex opened sharply lower and continued its downtrend for the second straight day on the back of downfall in Asian markets. Nearly 1.5% fall in SGX Nifty was suggesting the same trend. Metal, realty, auto, cement and financial stocks along with heavyweight Reliance Industries were under pressure.

At 9:56 am, the Nifty was down 86 points, to 4,494 and the Sensex fell 277 points, to 15,134. The CNX Midcap lost 1.5%, to 5,849 and the BSE Smallcap Index was down 74 points at 6,338. About 119 shares advanced while 629 shares declined on the NSE.

Among the frontliners, Sterlite Industries, Tata Steel, Hindalco, DLF, Unitech, PNB, Maruti, M&M, ACC, Jindal Steel & Power, Reliance Capital, Cairn, SBI, Reliance Industries, Hero Honda, Suzlon Energy, Ambuja Cements and Grasim were down 1-4%.

However, BPCL and NTPC were the only gainers.

Midcap space

JP Associates, RNRL, GSPL, HDIL, Balrampur Chini, Shree Renuka Sugurs, Aban Offshore, Indiabulls Realty, India Infoline, Sesa Goa and Brandhouse Retail were down 1-4%.

Kingfisher Airlines and Jet Airways lost ground as oil marketing companies raised ATF prices by 4.5%.

However, Maytas Infra was up 5% and Provogue up 2.2% on buyback news.

Global cues:

Asian markets were trading sharply lower. Shanghai, Hang Seng and Nikkei were down over 2.6%. Straits Times, Kospi and Taiwan Weighted fell 1-1.5%.

The S&P 500 reported first weekly decline in five weeks on the back of unexpected decline in consumer sentiment. Commodities slid on strong dollar.

The Dow Jones Industrial Average ended down 77 points at 9,321. It was down 0.5% for week while up 6.2% YTD.

The S&P 500 index was down 8.6 points at 1,004 and down 0.6% for week while up 11.1% YTD. The Nasdaq Composite was down 24 points at 1,986 and down 0.74% for week while up 26% YTD.

Commodities:

CRB Commodity Index was down 2.8% on back of strong dollar.

September crude oil fell 4.6% at $67.3/bbl, most in 2 weeks.

December gold futures fell 0.8% at $948.7/ounce.

Base metals continued to slide.

Shanghai copper locked at 5% lower limit.

Nickel was trading down 1%, was down 1.5% on Friday.

Lead was trading down 2%, was down 2.5% on Friday.

Market cues:

-MFs net sell Rs 471 crore in cash on August 13
-Total F&O turnover up by Rs 66 crore at Rs 75806 crore
-FIIs net sell Rs 126 crore in cash on August 14 (prov)
-DIIs net buy Rs 443 crore in cash on August 14 (prov)
-FIIs net sell Rs 84 crore in F&O

F&O cues:

-Total Futures Open Int down by Rs 834 crore
-Total Options Open Int up by Rs 900 crore
-Nifty up 0.5%, Futures Open Int down 3.6%
-Nifty August Fut trading at 5-point discount
-Nifty Open Int Put Call Ratio at 1.01 versus 1.03
-Nifty Puts adds 3.8 lakh shares in Open Int
-Nifty Calls add 10 lakh shares
-Nifty 4600 Call adds 3 lakh shares in Open Int
-Nifty 4900 Call adds 2.4 lakh shares in Open Int
-Nifty 4300 Put adds 2 lakh shares in Open Int
-Nifty 5000 Call adds 1.5 lakh shares in Open Int
-Nifty 4500 Call sheds 2.7 lakh shares in Open Int
-Nifty Dec 5500 Call adds 2.5 lakh shares in Open Int
-Nifty Dec 3700 Put adds 2.5 lakh shares in Open Int
-Stock Futures add 11.1 lakh shares in Open Int