Sensex sheds over 430 pts on global meltdown

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?

Nifty crawls back from 4700; HCL Tech, Maruti in green

At 14.40 hrs IST,  Sensex recovered more than 150 points in last 30 minutes after touching a low of 15750. Nifty also recovered nearly 50 points after breaking 4700. Metal and Realty index shed some of its losses in this pullback. All BSE sectoral indices were still trading down more than 1%.

The Sensex was down 351.78 points or 2.17% at 15873.17, and the Nifty down 104.80 points or 2.16% at 4740.55. About 437 shares advanced, 2495 shares declined, and 214 shares were unchanged.

In the largecap space, HCL Tech, Reliance Infra and Maruti Suzuki were trading in green. On the losing side, Ranbaxy Labs, Hindalco, Jaiprakash Associates, Tata Steel and Idea Cellular were down 3.5-5%.

Tech major Infosys was trading at Rs 2,337.50 down 3.54% from its previous close of Rs 2,423.20. Refinery major HPCL was trading at Rs 337.50 down 4.39% from its previous close of Rs 353.00. Index heavyweight Reliance was trading at Rs 986.25 down 3.25% from its previous close of Rs 1,019.40.

Index heavyweight Hindustan Lever was trading at Rs 229.15 down 0.87% from its previous close of Rs 231.15. Cigarette major ITC was trading at Rs 248.20 down 2.03% from its previous close of Rs 253.35.

Top gainers on the BSE Midcap: Torrent Pharma, Godrej Consumer, GlaxoSmith Consumer, Prakash Ind and Kirloskar Oil were up 1-3%.

Top losers on the BSE Midcap: Jai Corp, Nat Fert, Indiabulls Real, Rei Agro and BF Utilities were down 7-10%.

Top gainers on the BSE Smallcap: Jindal Worldwide, TRF, Arshiya Intl, Hind Nat Glass and Genesys Int were up 2-5%.

Top losers on the BSE Smallcap: Falcon Tyres, Hexaware Tech, Sakthi Sugars, Ashtavinayak and Dharani Sugars were down more than 10%.

Nifty breaks 4700 on weak European cues; realty dips 5%

At 13:50 hours IST - the benchmark Nifty broke another psychological level of 4700, after the European markets feel more than 1-1.5% in early trade. The bears have weighed on all global markets, which have been bleeding since yesterday post the credit default from Euro Zone countries.

Investors were not pleased with Trichet's comment. Portugal cut down its debt issue, CDS increased sharply. ECB President Trichet said that many members in the Euro Zone will have large, sharply rising fiscal imbalances.

According to the European Commission's forecasts, Portugal's public debt will rise to 91% of GDP by 2011, up from 77% and Greece's debt will increase to 135% of GDP, from 113%, and Spain's will increase to 74% from 54%.

The Nifty was trading at 4699, down 145 points and the Sensex was at 15743, down 481 points. The market breadth worsened-about 80 shares advanced while 1200 shares declined on the NSE. The broader indices fell over 3%.

All sectoral indices were in the red. Realty and Metal indices were the major lower, down over 5% each. Bank and Oil & Gas Indices slipped nearly 3.5%. IT, Capital Goods, Auto, Power and Pharm indices declined 1.5-2.8%.

Top loser in the largecap, Hindalco, Jaiprakash Associates, Tata Steel, DLF, ICICI Bank, Ranbaxy Labs and SAIL were down 4-6.5%.

In the midcap space, Godrej Consumer, Torrent Pharma, GlaxoSmith Consumer, Bajaj Finserv and Kirloskar Oil gained 1.3-2.9%. However, Jai Corp, Indiabulls Real, Eicher Motors, Bombay Dyeing and BF Utilities fell 7-9.3%.

In the smallcap space, Graviss Hosp, Jindal Worldwid, TRF, Arshiya Intl and Hind Nat Glass were up 2-5%. However, HBL Power, Shree Ashtavinayak, Sakthi Sugars, Dharani Sugars and Falcon Tyres lost 10-11.7%.

Sensex down 400 pts; ONGC, RIL, Ranbaxy, Tata Steel dip

At 12.42 hrs IST, the Nifty was trading at lowest point of the day and was inching towards the 4700 mark on the downside. The Sensex was down close to 400 points, on the back of European debt worries, which pushed the global markets lower. Only two stocks out of Nifty 50 were trading in the green.

The BSE realty and metal index were down more than 4% each. Heavy selling was also seen in banks, oil&gas, IT, capital goods, power and auto stocks. ONGC, Reliance Industries, Infosys, SAIL and SBI were dragging the Sensex down.

The Sensex was down 425.01 points or 2.62% at 15799.94, and the Nifty was down 134.55 points or 2.78% at 4710.80. The breadth of the market also worsened further. About 421 shares advanced, 2487 shares declined, and 237 shares were unchanged.
 
In the largecap space, Hindustan Unilever and Ambuja Cements were the only gainers on the Nifty. On the losing side, Ranbaxy Labs, Tata Steel, Hindalco, Axis Bank and Jaiprakash Associates were down 4-5.5%.

Hindustan Lever was trading at Rs 232.05 up 0.39% from its previous close of Rs 231.15. Index heavyweight Reliance was trading at Rs 992.00 down 2.69% from its previous close of Rs 1,019.40.

Tech major Infosys was trading at Rs 2,353.00 down 2.9% from its previous close of Rs 2,423.20. Cigarette major ITC was trading at Rs 249.15 down 1.66% from its previous close of Rs 253.35. Refinery major HPCL was trading at Rs 341.20 down 3.34% from its previous close of Rs 353.00

Top gainers on the BSE Midcap: Kirloskar Oil, Info Edge, Procter and Gamble, Torrent Pharma and Godrej Consumer were up 1-2%.

Top losers on the BSE Midcap: BF Utilities, Jai Corp, Sobha Developer, Indiabulls Real and Motilal Oswal Finance were down 7-8%.

Top gainers on the BSE Smallcap: Graviss Hosp, TRF, Jindal Worldwide, Genesys Int and Arshiya Intl were up 2.5-5%.

Top losers on the BSE Smallcap: Uttam Galva, Ashtavinayak, Sakthi Sugars, Hinduja Foundri and HBL Power were down 8-11%.

Nifty down over 100 pts; realty, metal, banks, sugar slide

At 11.28 hrs IST, the Nifty was struggling to past even the 4750 mark and was down over 100 points. The Nifty had touched a low of 4718. Heavy selling was seen in realty, metal, banks, capital goods, oil&gas, auto & power stocks. All the BSE sectoral indices were down more than 1%. The BSE Midcap and Smallcap index were down 2.54% and 2.78% respectively. The BSE IPO index also lost 2%.

The Sensex was down 380.55 points or 2.35% at 15844.40, and the Nifty was down 114.20 points or 2.36% at 4731.15. About 457 shares advanced, 2430 shares declined, and 258 shares were unchanged.

In the largecap space, Hindustan Unilever was the only gainer on the Sensex. Tata Steel, Jaiprakash Associates, ICICI Bank, ONGC and Hindalco were down 2-4%.

Sugar stocks were reeling under pressure. The prices of sugar have fallen considerably in last fortnight. Andhra Sugar, Bajaj Hindusthan, Balrampur Chini, Dhampur Sugar, Sakthi Sugars, Shree Renuka and Triveni Engg were down 2-6%.

In the realty space, Indiabulls Real was the top loser with more than 6% loss. DLF, HDIL, Pantaloon Retail and Anant Raj Ind werd down 2-4%.

In the metal space, NMDC, SAIL, Sterlite Industries, Jindal Steel and Hindustan Copper were down 3-5%.

Top gainers on the BSE Midcap: Info Edge, Indraprastha Gas, Kansai Nerolac, Kirloskar Oil and EID Parry were up 0.3-3.1%.

Top losers on the BSE Midcap: Apollo Tyres, Jai Corp, BF Utilities, Bombay Dyeing and Indiabulls Real were down 6-7%.

Top gainers on the BSE Smallcap: TRF, Ashtavinayak, Graviss Hosp, Genesys Int and Jindal Worldwide were up 4-5%.

Top losers on the BSE Smallcap: Uttam Galva, Subhkam Capital, Ahmednagar Forging, Bliss GVS and Sahara One were down 7-10%.

Sensex below 16k on broad-based selling; breadth worsens

At 10:17 hours IST, the Nifty saw a fall of over 100 points on the back of selling across all the sectors. Sharp cut in Asian and the US markets was the main trigger post debt worries in Euro Zone, which pushed the Nifty to intraday low of 4715.55 and Sensex to 15,790.49, below the 16000 mark.

Among the Asian markets; Taiwan Weighted slipped the most, down 4%. Hang Seng and Kospi declined 3% each. Shanghai, Jakarta, Nikkei and Straits Times were down 1.8-2.6%. The US markets tumbled 2.5-3% on Thursday. Cost of insuring against losses on sovereign debt rose to a record high; Markit iTraxx SovX Western Europe Index of credit-default swaps on the debt of 15 governments rose 8.5 bps to 102.5.

In an interview with CNBC-TV18, David G Fernandez of JP Morgan said sovereign concerns and rate hike were triggers for correction. "Sovereign risks may not be isolated to 1 or 2 countries. Correction could last for over a month. Tightening in Asia remains major concern for investors", he has said.

The 30-share BSE Sensex was trading at 15878, down 346 points and the Nifty was at 4741, down 104 points. The market breadth was pathetic; about 60 shares advanced while 1180 shares declined on the NSE.

Top losers among the largecaps; Tata Steel, Jaiprakash Associates, DLF, Tata Motors, Hindalco, Ranbaxy Labs, SAIL and ONGC were down 3-4%. However, only HCL Tech was the gainer on the Nifty.

In the midcap space, Info Edge rose 5.6%. Prakash Industries, Kirloskar Brothers, Indraprastha Gas and MVL gained 1% each. However, Apollo Tyres, BF Utilities, Puravankara Projects, Motilal Oswal and Jai Corp fell 6-6.5%.

In the smallcap space, Graviss Hosp, Arshiya Intl, Religare Techno, Maharashtra Ele and TRF were up 3-5%. However, Subhkam Capital, Uttam Galva, Reliance World, Falcon Tyres and Bliss GVS lost 6.7-10%.

SpiceJet was down 2.6%, as Istithmar, one of major shareholder, sold entire 13% in the company via block deal. Istithmar confirmed the news while talking to CNBC-TV18. The company said it sold stake to mutual funds while WL Ross was not a buyer in today's block deal.

Fame India rose 5%, as Inox Leisure said would make open offer for the company in line with today's deal and has bought 7.2% stake in Fame at Rs 50.75/share.

Nifty loses over 100 pts on global cues; RIL below Rs 1000

The benchmark Nifty crashed in early trade following free-fall in US and Asian markets on European debt worries. Cost of insuring against losses on sovereign debt rose to a record high on Thursday.

Infrastructure, realty, metal post CRB Index loses 2%, oil & gas and banking were the major losers.

At 9:02 hours IST, the Nifty was trading at 4737, down 108 points and the Sensex was at 15877, down 347 points. The market breadth was very weak; about 23 shares advanced while 820 shares declined on the NSE.

Among the frontliners, Suzlon, Tata Steel, Jaiprakash Associates, SAIL, DLF, Ambuja Cements, Tata Motors, DLF, Sterlite, ICICI Bank, Ranbaxy, IDFC, M&M and L&T were the major losers.

ITC and HUL lost the less among the largecaps.

Midcap & Smallcap space:

Spicejet, Gammon Infra, UCO Bank, Lanco, IFCI, GMR Infra, Bajaj Hindusthan, Shree Renuka Sugars, Balrampur, Triveni Enng and Inox Leisure tanked 4-6%.

However, Fame India gained 5% on huge buying interest.

Global cues:

Asian markets were trading lower. Shanghai, Nikkei, Hang Seng, Taiwan, Straits Times, Kospi and Jakarta fell 1.5-3.5%. SGX Nifty was down 2.6%.

The US markets had worst single-session percentage loss since April. The Dow fell below 10,000 for the first time since last November amid sovereign debt worries. Dollar Index surged above 80.

Trigger for yesterday's fall: Investors were not pleased with Trichet's comment, Portugal cut down its debt issue, CDS increased sharply.

ECB President Trichet said that many members in the Euro Zone will have large, sharply rising fiscal imbalances.
 
The Dow Jones slid 269 points or 2.6% at 10002. The Nasdaq was down 65 points or 3% at 2125 and S&P 500 dropped 34 points or 3.1% at 1063. CBOE volatility index surged 20.7% at 26.

Commodity:

CRB Commodity Index was down 2.6%, at three-month low.

Crude plunged 5% to $73.14/bbl, sharpest drop since July.

Gold was down 4.3% to $1064/ounce.

Copper was down 3% at $6390/tonne, at 3-1/2 months low.

Aluminium was down 2%, Zinc down 3.5% and Nickel down 3%.

Sugar was down 7.6% this week.

Market cues:

FIIs were net buyers to the tune of USD 97.6 million and MFs were net buyers of Rs 6.2 crore in cash markets on February 3, reports CNBC-TV18.

Total F&O open interest was up by Rs 2,021 crore at Rs 1,06,454 crore.

FIIs were net sellers to the tune of Rs 153 crore while DIIs were net buyers of Rs 241 crore in cash markets on February 4, as per provisional data.

FIIs net bought Rs 157 crore in F&O segment.

F&O cues:

- Total Futures OI (open interest) down by Rs 489 crore
- Total Options OI up by Rs 2,511 crore
- Stock Futures add 1.4 crore shares in OI
- Nifty Calls add 32 lakh shares in OI
- Nifty Puts adds 11 lakh shares in OI
- Nifty PCR at 1.10 versus 1.15
- Nifty Futures add 9.7 lakh shares
- Nifty Futures end with 11-point discount
- Nifty 4900 Call adds 13.7 lakh shares in OI
- Nifty 4800 Call adds 6.4 lakh shares in OI
- Nifty Feb 4600 Put adds 4 lakh shares in OI
- Nifty Feb 5100 Call adds 3.7 lakh shares in OI