Nifty slips below 5900; IT index down 5%
The equity benchmark indices opened in red ahead of its Infosys results today. Capital goods, IT, banks, FMCG and auto indices were bleeding in red.
April 15, 2011 / 10:00 IST
The equity benchmark indices were bleeding in red on poor guidance from IT bellwether Infosys for FY12. BSE IT index was down 5%. Power, capital goods, oil & gas, realty and metals were down 1% each.
At 09.36 hrs IST, the Sensex was down 184.02 points or 0.93% at 19512.84, and the Nifty was down 59.65 points or 1.01% at 5851.85. About 848 shares advanced, 954 shares declined, and 1828 shares remain unchanged.Hero Honda, Hindalco, Bharti Airtel, HDFC and ITC were up 0.2-2%. On the losing side, Infosys was down close to 7%. Wipro was down 4%. TCS, ONGC and NTPC shed 1-2%.Infosys reported fourth quarter net profit of Rs 1818 crore, a growth of 2.15% over Rs 1779.8 crore in previous quarter. Revenues went up 2% to Rs 7,250 crore as against Rs 7,105.6 crore on quarter-on-quarter basis. Numbers were below the market expectations - street was expecting net profit at Rs 1,856 crore and revenues at Rs 7,447 crore.Top gainers on the BSE Midcap - Shree Global Tr, KGN Industries, Sterling Inter, Den Networks and Gammon Infra were up 2-5%.Top losers on the BSE Midcap - eClerx Services, Ramky Infra, Gillette India, Pfizer and Kwality Dairy were down 2-3.5%.Top gainers on the BSE Smallcap - Unisys Soft, BS TransComm, Shree Nath Comm, Jindal Cotex and OM Metals Infra were up 5-6%.Top losers on the BSE Smallcap - Oriental Hotels, Acropetal Tech, Empire Ind, EIH Assoc Hotel and Geojit BNP were down 4-9%._PAGEBREAK_Global cues:Asian markets were mixed in trade. Shanghai, Nikkei and Kospi fell 0.2-0.4%. However, Hang Seng gained 0.6%. Taiwan and Straits Times were flat.The US markets recovered from day's low on Thursday in spite of rebound in crude oil & disappointing initial jobless claims. (US markets were flat on Wednesday)Greece FM warned that Greece may not be able to repay its debts on time. Five-year CDS rose 56 basis points above 1,100 bps hitting record highs.The Dow Jones Industrial Average ended up 14 points at 12,285, after seeing recovery of 122 points from day's low of 12,163.NASDAQ Composite fell 1 point at 2760, after seeing recovery of 27 points from day's low of 2733.S&P 500 Index ended flat at 1314, after seeing recovery of 11 points from day's low of 1303CommoditiesMay crude oil contract went up 0.9% at USD 108.11 per barrelMay natural gas contract was up 1.4% at USD 4.20 per MMBtuMay silver contract rose 3.5% at USD 41.69 per ounceJune gold contract gained 1.2% at USD 1472.40 per ounce. It hit all-time highs at USD 1478.F&O cues: Total Futures Open Int up Rs 4141 crore, Total Options Open Int up Rs 4494 croreTotal stock futures Open Int add 5.28 cr shares in Open Int Nifty futures Open Int add 17 lakh shares in Open Int, premium at 26.6 pts vs premium at 18 ptsNifty Open Int PCR up at 1.47 versus 1.30 Total Put adds 78lakh shares, call sheds 13.81lakh shares Highest Open Int outstanding at 5700 put , 6000 call and 5800 putNifty 5900 put adds 27.71 lakh (103%) shares in Open Int (Premium down from 160 to Rs 63.3)Nifty 5800 put adds 18.03 lakh (37%) shares in Open Int (Premium down from 105 to 36.10)Nifty 6000 put adds 12.38 lakh (80%) shares in Open Int (Premium down from 243-110)Nifty 5700 put adds 8.54 lakh (13%) shares in Open Int Nifty 6100 call adds 7.84 lakh (19%) shares in Open Int Nifty May 5600 put adds 4.06 lakh (23%) shares in Open Int Nifty 5800 call sheds 15 lakh (28%) shares in Open Int Nifty 5900 call sheds 13.48 lakh (21%) shares in Open Int Nifty 5700 call sheds 3.42 lakh (12 %) shares in Open Int Nifty 5500 put sheds 2.27 lakh (4 %) shares in Open Int India VIX down 3.91% at 20.41 In F&O ban Deccan Chronicle, Kingfisher, Suzlon and videocon Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
