Sensex ends lower; realty, metals, FMCG, infra, banks dip

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Nifty struggles at 4500; SAIL, DLF, Tata Steel, SBI drag

At 14:06 hours IST - the Sensex continued to trade lower despite showing recovery over 250 points. The Nifty has recovered over 70 points from day's low. Realty, banking, metal, power, telecom, capital goods and FMCG stocks were still seeing selling pressure. There was a huge volatility.

However, Jindal Steel, which surged over 6%. TCS and PNB gained over 2%. Wipro, M&M, Maruti, BPCL and Ranbaxy Labs went up 0.5-1.5%. About 0.8-1.5% upside in European markets also helped in the recovery.

The Nifty was down 62 points, to 4,503 and the Sensex fell 193 points, to 15,138. The broader indices slipped over 1%.

In the largecaps, DLF, Sun Pharma, SAIL, Unitech and Tata Steel were down over 6%. Suzlon Energy, Axis Bank, Tata Motors, Sterlite Industries and Reliance Infrastructure fell 4-5.5%.

Cipla, ABB, Reliance Capital, Idea Cellular, Cairn India, L&T, GAIL, HUL, Reliance Communication, Hindalco, SBI, HCL Tech and ACC were down 2-3.7%.

The market breadth was negative; about 1000 shares advanced while 1754 shares declined on the BSE. Nearly 416 shares were unchanged.

Nifty trades sharply lower; Realty, Metal indices tank 4-5%

At 13:15 hours IST - the sell-off in metal, realty, infrastructure, banking, cement, telecom and FMCG stocks was putting pressure on the Nifty, which was trading below the 4500 level. The Sensex was hovering around the 15,000 mark.

About 5% fall in China's Shanghai and 3% slide in Hong Kong's Hang Seng weighed on our markets. Property and steel shares tumbled in Chinese markets. Chinese government cut gasoline prices. Investors worried that banks may restrict lending to control risks. Crude also slipped 2% below USD 66 a barrel.

The Sensex was down 289 points, to 15,046 and the Nifty fell 98 points, to 4,465. The market breadth was negative; about 264 shares advanced while 968 shares declined on the NSE. The broader indices lost over 2%.

All sectoral indices were in the red. The BSE Metal and Realty indices lost over 5%. Power, FMCG, Capital Goods and Bank indices fell 2-3%.

In the realty space, Omaxe, Parsvnath, HDIL, DLF, Unitech and Ansal Properties were down 6.7-9%.

Metal stocks like SAIL, Ispat Industries, Sterlite, Tata Steel, Hindalco, Gujarat NRE Coke and JSW Steel lost 5-7%. Sesa Goa, Jindal Steel, Welspun Gujarat, Hindustan Zinc, NMDC and Jindal Saw declined 2-4%.

In the power space, Suzlon Energy, Reliance Infrastructure, GVK Power, ABB, GMR Infra, Neyveli Lignite, Lanco Infratech, Reliance Power, NTPC, BHEL and Tata Power slipped 2-5%.

In the midcap space, Gujarat Gas, Carborundum, Kansai Nerolac, Birla Corp and Great Offshore were up 4.5-14% while Essar Shipping and Godfrey Phillip fell over 7%.

In the smallcap space, VIP Industries jumped 20%. EIH Associated Hotel, Revathi CP, Rico Auto and Hinduja Global were up 6-9.5% while Vishal Info, Oil Country, NIIT Tech, Action Construction and Kewal Kiran tanked 8-17%.

Sensex down 300 pts; HK, China down on asset bubble worries

At 12.36 hours IST - the Sensex was witnessing huge selling pressure following big slide in Asian markets. Shanghai Composite tanked 5% led by fall in property and steel shares. Chinese government cut gasoline prices. Hang Seng and Straits Times slipped 1.6-2%.

Shares of China Petroleum & Chemical and PetroChina fell in Hong Kong after China unexpectedly cut fuel prices. Sinopec slipped 3% while PetroChina lost 2%.

Realty, metal, telecom, FMCG, power and capital goods stocks were the major losers.

At 12.36 hrs IST, the Sensex was down 330.84 points or 2.16% at 15001.10, and the Nifty was down 102.95 points or 2.26% at 4461.15.

About 843 shares advanced, 1895 shares declined, and 432 shares were unchanged. Only three stocks - TCS, Ranbaxy and PNB were in the green on the Nifty.

In the largecaps, DLF was at Rs 395, down 7.3%; Tata Motors was at Rs 385, down 7.05%; Sterlite Industries was at Rs 611.25, down 7.03%; Reliance Infrastructure was at Rs 1,142, down 5.62%; Tata Steel was at Rs 443, down 5.53% and Unitech was at Rs 89.25, down 6.74%.

All sectoral indices were in the red. The BSE Realty Index tanked 7% and Metal Index fell 6%. Power, FMCG, Capital Goods, Bank, Healthcare and Auto indices were down 2-4%.

Nifty flat; banks, realty, metals dip, oil & gas, cement up

 At 10:52 hours IST, the Nifty was extremely volatile in trade. Buying in oil & gas, telecom, cement and select auto stocks along with HDFC, TCS and Tata Power was supporting the markets.

However, selling continued in realty, metal and banking stocks along with BHEL, Infosys and Sun Pharma.

The Sensex was up just 7 points, to 15,339 while the Nifty fell 5 points, to 4,558. However, the broader indices were up 0.8% each. About 1604 shares advanced while 1087 shares declined on the BSE. Nearly 479 shares were unchanged.

Top gainers - M&M, ONGC, Hero Honda, TCS, Tata Power and Ranbaxy Labs were up 1.4-3%.

Top losers - Tata Motors, DLF, Sun Pharma, SBI, Tata Steel and Axis Bank slipped 1-3%.

Aban Offshore, Great Offshore, RNRL, Unitech, Tata Steel and Reliance Industries were most active shares on the bourses.

In the midcap space, Gujarat Gas surged 15.79%. Kansai Nerolac, Jubilant, Torrent Pharma and Patni Computer gained 5-7.5%. However, Godfrey Phillip, Everest Kanto, Monsanto India, HDIL and Gammon Infra declined 3-6%.

In the smallcap space, VIP Industries shot up 19.94%. TVS Motor, EIH Associated Hotel, Marathon Nextgen and Bliss GVS were up 10-12%. However, Gammon India, GSFC, Clariant, GMR Industries and Sundaram-Clayton lost 4.5-5.5%.

Sensex weak on negative Asian cues; metals dip

The Sensex opened weak on the back of negative Asian cues. Metal, realty, infrastructure and select banking stocks were under pressure. There was some volatility ahead of F&O expiry on Thursday.

At 9:56 am, the Nifty fell 32 points, to 4,531 and the Sensex slipped 102 points, to 15,229. The CNX Midcap declined 14 points, to 5,886 and the BSE Smallcap Index fell 10 points, to 6,235.

Among the frontliners, Cairn (ahead of numbers), Tata Steel (ahead of numbers), Suzlon Energy, DLF, SAIL, Tata Motors, ICICI Bank, HDFC, Jindal Steel & Power, SBI, Axis Bank, Sun Pharma (ahead of numbers), Wipro, Reliance Capital, Reliance Infrastructure, NTPC and Bharti Airtel were down 1-2.5%.

Cipla was up 2.4% and Hero Honda up over 1% ahead of Q1FY10 numbers. BPCL was up 1.7% on good set of numbers.

Maruti Suzuki, Ambuja Cements, GAIL and HUL were the other gainers.

Midcap space:

Kingfisher Airlines was up 4% on fund raising plans. Great Offshore rose 3%.

Gujarat Gas was up 1% as the company announced bonus and EBITDA numbers were good as well.

Balrampur Chini and Bajaj Hindusthan were also up.

Gammon India was down 7.5%.

GVK Power and Punj Lloyd were other losers.

Alembic shot up 6% on good numbers. Firstsource was up 3% as its numbers were ahead of estimates.

Maytas Infra and Mcleod Russel were up 3% each.

Global cues:

Asian markets were trading lower. Shanghai and Hang Seng fell 1.7% each. Straits Times and Taiwan Weighted declined 0.5% each. Nikkei and Kospi were flat in trade.

The US markets recovered from the day's low amid mix economic data. Commodities declined as USD rebounded.

The Dow Jones Industrial Average ended down 12 points at 9,097, after seeing recovery of 90 points from day's low of 9,007.

The Nasdaq Composite was up 7.6 points at 1,976, after seeing recovery of 28 points from day's low of 1,948 and the S&P 500 Index was down 2.5 points at 980, after seeing recovery of 10 points from day's low of 970.

Commodities:

The CRB Index was down 1%.

Crude declined 1.7% at $67.23/bbl.

LME metals index was down 1.2%.

Copper was down 1%, Nickel down 2%, Tin down 3% and Zinc down 2%.

Gold was down 1.7% at $938/ounce, at 1-week lows.

Baltic Dry index was up 2%.

Market cues:

-FIIs net buy USD 92.5 million in equity on July 27
-MFs net sell Rs 176.8 crore in equity on July 27
-NSE F&O Open Int up by Rs 1960 crore at Rs 96,180 crore
-FII turnover as a % of Total F&O turnover at 27.7% versus 17.6%
-FIIs net buy Rs 59 crore in cash markets on July 28 (Prov)
-DIIs net buy Rs 448 crore in cash markets on July 28 (Prov)
-FIIs net sell Rs 670 crore in F&O on July 28

F&O cues:

-Stock Futures add 51 lakh shares in Open Int
-Futures Open Int up by Rs 1171 crore and Options Open Int up by Rs 789 crore
-Nifty July Futures shed 26.7 lakh shares in Open Int
-Nifty Aug Futures add 41.4 lakh shares in Open Int
-Nifty Aug Futures at 10-pt premium versus 11-pt premium
-Nifty IVs at 34-37%
-Nifty Open Int Put Call Ratio remains at 1.31
-Nifty Puts add 7.7 lakh shares in Open Int
-Nifty Calls add 6.2 lakh shares in Open Int
-Nifty August 4500 Put adds 3.75 lakh shares in Open Int
-Nifty August 4600 Put adds 3.4 lakh shares in Open Int
-Nifty July 4600 Call adds 3.4 lakh shares in Open Int
-Nifty August 4600 Call adds 2.6 lakh shares in Open Int