Nifty moves around 4950; RIL, SBI, Infosys most active

The market continued to consolidate even after pulling itself up from the day's low point. Key to the pullback lies in European markets, which trimmed losses significantly; CAC, DAX and FTSE were down just 0.3-0.5%. The 30-share BSE Sensex was trading 81 points down at 16,442 and NSE was moving 27 points down at 4,944.

Top losers: Reliance Capital, Reliance Infrastructure, Jaiprakash Associates, Reliance Communications and PNB tumbled 3-5.5%. L&T, Tata Steel, Maruti Suzuki and Bajaj Auto were down 2-2.5%.
Top gainers: DLF, ITC, ONGC, Infosys, NTPC, HCL Tech, GAIL and Ranbaxy Labs moved up 1-3%.
PG Electroplast, Infosys, SBI, HDFC Bank, Reliance Industries, SBI and DLF were most active shares on both exchanges.
About two shares declined for every share rising on NSE. At 14:20 hours IST : Choppy trade keeps Sensex in red; European cues weak
Indian equity benchmarks extended losses following further fall in European markets. Profit booking was the main reason behind sell-off because both markets rallied quite sharply yesterday. The 30-share BSE Sensex fell 139 points to 16,384 and the 50-share NSE Nifty lost 46 points to 4,925 amid choppy trade. Meanwhile, European markets were down 1-1.5%.
Anil Dhirubhai Ambani Group's stocks like Reliance Communications, Reliance Power, Reliance Capital and Reliane Infrastructure were down 3-5%. Jaiprakash Associates fell 5%.
Major largecaps like Bharti Airtel, ICICI Bank and L&T plunged 2-3%; SBI was down over 1%. BHEL, HDFC, HUL and Wipro lost over 0.5%.
SAIL, Sterlite, Tata Steel, Bajaj Auto, Maruti, Hindalco, PNB and Kotak Mahindra Bank plunged 2-3%.
Meanwhile, ITC, Infosys, ONGC and NTPC too slipped from day's high, though these stocks gained 0.5-0.9%. DLF, HCL Tech, Ranbaxy Labs and GAIL moved up 1.5-3%.
About two shares declined for every share gaining. The broader indices too were falling in-line with benchmarks - the BSE Midcap and Smallcap indices fell 0.8% each. At 13:46 hours IST : Nifty in narrow range with negative bias; capital goods dip
The market continued to trade in a narrow range of 4930-4965 on the downside on the Nifty. About 0.5-1% fall in European markets was also adding some pressure on Indian equities. The 50-share NSE Nifty slipped 33 points to 4,938 and the 30-share BSE Sensex was trading at 16,428, down 95 points.
About 35 stocks out of 50 on the Nifty were trading with red tick. Reliance Industries was playing a key role in today's volatility.
Heavyweights Bharti Airtel, Larsen & Toubro, SBI and ICICI Bank were down between 1% and 2%.
HDFC, Wipro, BHEL and HUL among others fell 0.7% each. Sterlite Industries, Bajaj Auto, SAIL, Tata Steel, Maruti, Hindalco, Reliance Power and Siemens tumbled more than 2%.
However, DLF and HCL Tech were top gainers on Nifty - jumped nearly 3%. NTPC, Infosys, ONGC and ITC gained 1-1.5%.
About two shares slipped for every share rising. The broader indices too were following the benchmarks - the BSE Midcap and Smallcap indices fell 0.5% each. At 12:38 hours IST : Sensex choppy; Bharti, L&T, ICICI Bank lose Indian equity benchmarks were trading with moderate loss amid volatility. The sell-off in capital goods, auto, metals, ADAG and select banks stocks weighed on the market. However, buying in technology, PSU power and select oil & gas stocks limited the downside. The 30-share BSE Sensex was trading at 16,456.69, down 67.34 and the 50-share NSE Nifty declined 25 points to 4,946.10. European markets too slipped in the opening trade. France's CAC, Germany's DAX and Britain's FTSE fell 0.7% each. On the home turf, Bharti Airtel, ICICI Bank, L&T, SAIL, Sterlite Industries, Bajaj Auto, Tata Steel, Kotak Mahindra Bank, Hindalco, Maruti, Hero Motocorp, Axis Bank and M&M fell 1.5-3%. Major counters like Reliance Industries, BHEL and SBI were down 0.4-0.9%. However, Infosys and NTPC gained 1.7% each. Among the others, ONGC, TCS, ITC, Cairn and DLF moved up 0.4-0.7%. HCL Tech was the top gainer on Nifty; the stock rallied 2.7%. About 1130 shares advanced as against 1449 shares declined on the BSE. In the midcap space, Aventis Pharma, KGN Industries, Hexaware Tech, Pipavav and SKS Microfinance shot up 3-6%. However, Shree Global, Nava Bharat Ventures, Balrampur Chini, Amtek Auto and Hathway Cable slipped 4-10%. _PAGEBREAK_ At 11:33 hours IST : Profit booking drags Sensex 100 pts down; banks slip The market has decisively slipped into red with a 129 point loss on the Sensex. Profit booking in financial, capital goods, metal, auto, telecom and Anil Dhirubhai Ambani group's stocks today led to the steep fall. The 50-share NSE Nifty lost 41 points to 4,929 and the Sensex was trading at 16,395. Heavyweights Bharti Airtel, ICICI Bank and L&T plunged 2% each. SBI, BHEL and HDFC were down 1% each. From the metal space, Sterlite Industries, SAIL, Tata Steel and Hindalco fell 2-3.6%. Hero Motocorp, M&M, Bajaj Auto and PNB lost 2% each. However, technology stocks like Infosys and HCL Tech gained 1.8% and 3%, respectively. TCS and Wipro were up over 0.5%. The market breadth was in favour of declines; about 472 shares gained while 863 shares slipped. Even select Asian markets dipped - Hang Seng fell over 1% and Straits Times was down 0.64%. Shanghai declined 0.3%. However, Nikkei and Kospi were flat. Taiwan gained 0.9%. At 10:29 hours IST : Nifty directionless; tech, PSU power stocks up Indian equity benchmarks were directionless in trade and were hovering just around their previous closing values. The 30-share BSE Sensex fell 17 points to 16,507 and the 50-share NSE Nifty slipped seven points to 4,964 amid volatility. Technology and PSU power stocks were on buyers' radar. Even Reliance Industries was trading with 0.3% gain. However, metal, capital goods, financial, realty and auto stocks were under pressure.   Infosys, Wipro, TCS and HCL Tech shot up 1.7-3.7% among largecaps, Tata Motors and Cairn India were up over 1%. However, Sterlite Industries, Hindalco, Jaiprakash Associates, Hero Motocorp, M&M, Reliance Power and Reliance Infrastructure fell 1.5-2.5%. Most active shares on exchanges were Infosys, PG Electroplast, Reliance Industries, SBI, TCS, HDFC Bank and Reliance Capital. About 1255 shares advanced as against 823 shares declined on the BSE. The broader indices too were flat in trade. At 9:20 hours IST : Market awaits Greece prescription; Sensex choppy The benchmark Nifty reclaimed the 5000 mark in the opening trade following positive trend in SGX Nifty but took a U-turn soon after. Markets globally are waiting for a solution to European debt crisis but no unanimous decision could be arrived over terms of Greece's second bailout on Tuesday. The 30-share BSE Sensex was trading at 16,499, down 25 points after 473 points rally yesterday. The 50-share NSE Nifty fell 6 points to 4,965.  In the largecap space, DLF, M&M, HUL, Sesa Goa, Bharti Airtel, Sterlite Industries, Reliance Infrastructure, Hindalco, L&T, Bajaj Auto, Reliance Power, BPCL, Reliance Industries, HUL, SAIL and ACC were witnessing selling pressure. However, Cairn India rose 3% as ONGC issued NoC to Cairn-Vedanta deal. ONGC rose 0.8%. Infosys, Wipro, HCL Tech, TCS, Reliance Capital, Reliance Communications and Tata Power were other gainers among largecaps. About 373 shares advanced as against 451 shares declined on NSE. The CNX Midcap rose 18 points to 7,187. JSW Steel fell 3% and Jet Airways was down 2%. Shree Renuka Suguar, Balrampur Chini and Triveni Engg were down over 0.5%. However, Hathway Cable, Hexaware Tech, Dabur, Titan Industries and Sintex were up 0.8-1.5%. Vivimed Labs gained 3.5%. Global cues Asian markets were mixed in trade. Hang Seng was down 0.8% and Straits Times down 0.5%. However, Shanghai and Nikkei gained 0.20%. Kospi and Taiwan went up 0.4%.  The US equity markets opened strong in line with Europe but came off sharply from day's high on report that the euro zone became divided over terms of Greece's second bailout. The Dow Jones Industrial Average ended up 147 points at 11,191, but fell 180 points from day's high of 11,369. NASDAQ Composite closed up 30 points at 2,547, but fell 43 points from day's high of 2,590. S&P 500 Index rose 12.4 points at 1175, but fell 21 points from day's high of 1,195. Commodities CRB Commodity Index was up 2.7% on Tuesday; it lost 7% last week Gold gained for the first time in four sessions, was up 3.6% at USD 1652.5/ ounce. Silver rose 5% at USD 31.5/ounce; rebounded after 26% slide in three days. Crude Oil shot up 5.2% at USD 84.45/barrel, strongest single-session performance in four months Natural gas was up 1.3% to USD 3.83 per MMbtu Sugar was up 3.8% and Coffee up 2% F&O cues: Total stock futures OI sheds 55 lakh shares in OI Nifty futures OI shed 14.58 lakh shares in OI, prem at 6.6pts vs premium at 8.9pts Nifty PCR rose to 1.27 from 1.2 Total Put adds 23.10 lakh shares, call sheds 21.80 lakh shares Highest OI outstanding at Nifty 4800 put, 5000 call, 4700 put Nifty 4900 put adds 21 lakh (46%) shares in Open Int Nifty 5000 put adds 18 lakh (43.4%) shares in Open Int Nifty 5200 call adds 4.52 lakh (7.9%) shares in Open Int Nifty October 4800 put adds 3.55 lakh (9%) shares in Open Int Nifty October 5000 call adds 3.36 lakh (16%) shares in Open Int Nifty 4800 call sheds 17.42 lakh (40%) shares in Open Int Nifty 4700 call sheds 8.86 lakh (59%) shares in Open Int Nifty 4900 call sheds 8.37 lakh (16%) shares in Open Int Nifty 4800 put sheds 7.38 lakh (9.4%) shares in Open Int
         
Nifty 4600 put sheds 4.42 lakh (7%) shares in Open Int India VIX closed at 32.01 down by 9.65%