Thursday, October 18, 2007

Markets slide: Sensex slips below 18,000 mark

The markets have tumbles and are trading near the day's low. The volatilty is high as the mover are completely manic moving 5% in either directions. The cut has got deeper as we are reaching the closing. The markets have slipped sharply in matter of seconds. At 3:15 am, Sensex is down nearly 850 points at 17,850 levels, Nifty is down 250 points at 5300 levels..

The broader markets have slipped and both the midcap and smallcap indices are trading in red with marginal losses.

Bank, realty, metal stocks are the worst hit. Bankex is down over 5% and realty index is down 3%.

ACC is down 13% post its Q3 numbers, its results were below street estimates

ACC, ICICI Bank, Bharti, Suzlon, SBI, were among the major losers on the indices.

TCS is up over 4%, it has bagged $1.2 billion order 10-year deal from Nielsen Co. It will provide IT & operations support worldwide to the company.

Markets volatile: ACC, ICICI Bank, Bharti top losers

The market have given up all their gains and have slipped in the negative terrain. It is getting very volatile and the both the Sensex and Nifty are hovering around their previous close. The markets have slipped sharply in matter of seconds. Sensex is down 800 points from day's high, Nifty is down 250 points from thye day's high.

The broader markets have held out their gains and both the midcap and smallcap indices are up over 1%.

Bankex is down over 2% and realty index is down 0.5%.

Ranbaxy is up 4% on the the news that it is listing its R&D arm and has announced its Q2 numbers.

At 14.47 hrs IST, the Sensex is down 93.06 points or 0.50% at 18622.76, and the Nifty down 103.20 points or 1.86% at 5456.10.

About 1735 shares have advanced, 1234 shares declined, and 80 shares are unchanged.

ACC is down over 5% post its Q3 numbers, its results were below street estimates

ACC, ICICI Bank, Bharti, Suzlon, SBI, were among the major losers on the indices.

TCS is up over 4%, it has bagged $1.2 billion order 10-year deal from Nielsen Co. It will provide IT & operations support worldwide to the company.

Top gainers on the indices are MTNL, VSNL Siemens, Reliance Communication, Ranbaxy, TCS.

Mkts surge: Telecom, cap goods metal stocks rally

The markets have not only reversed yesterday's losses but also moved ahead to touch new highs. The gain comes after yesterday's carnage. Heavy buying is seen in the metal, oil & gas, consumer durable and realty stocks. However, banking stocks are still trading under pressure.

At 12.56 hrs IST, the Sensex is up 365.94 points or 1.96% at 19081.76, and the Nifty up 162.20 points or 2.92% at 5721.50.

About 2218 shares have advanced, 756 shares declined, and 75 shares are unchanged

All the BSE indices are trading in green. BSE oil & gas, capital goods, metal indices are all trading higher up over 3%.

Market breadth has improved further with over 980 stocks on the advance side and only 185 stocks on the downside. Rupee was quoting at 39.48 against US dollar.

TCS is up over 4%, it has bagged $1.2 billion order 10-year deal from Nielsen Co. It will provide IT & operations support worldwide to the company.

Top gainers on the indices are MTNL up 8.49%, VSNL up 8.41% and Siemens up 7.38%, Reliance Communication up 7%, Ranbaxy up 5%, TCS up 4%.

Top losers on the Nifty are ICICI Bank at Rs 1,083.95 down 2.97%, Bharti Airtel at Rs 1,079 down 2.4% and HDFC Bank at Rs 1,436.10 down 1.82%.

Most active shares on NSE are Reliance at Rs 2,777 with 1,945,909 shares, Power Grid Corp at Rs 147.20 with 28,060,798 shares and Reliance Natural at Rs 104.80 with 37,924,534 shares.

Mkts in momentum; metal, oil&gas, con durables strong

The markets have gained some more points and are in momentum on account of heavy buying witnessed in the metal, oil & gas, consumer durable and realty stocks. However, banking and IT stocks are still trading under pressure.

Market breadth has improved further with over 980 stocks on the advance side and only 185 stocks on the downside. Rupee was quoting at 39.48 against US dollar.

TCS has bagged $1.2 billion order 10-year deal from Nielsen Co. It will provide IT & operations support worldwide to the company.

At 11.34 hrs IST, the Sensex is up 337.61 points or 1.80% at 19053.43, and the Nifty up 149.55 points or 2.69% at 5708.85. About 2231 shares have advanced, 743 shares declined, and 75 shares are unchanged.

Top gainers on the Nifty are MTNL at Rs 178.95 up 8.49%, VSNL at Rs 546 up 8.41% and Siemens at Rs 1,876.85 up 7.38%.

Top losers on the Nifty are ICICI Bank at Rs 1,083.95 down 2.97%, Bharti Airtel at Rs 1,079 down 2.4% and HDFC Bank at Rs 1,436.10 down 1.82%.

Most active shares on NSE are Reliance at Rs 2,777 with 1,945,909 shares, Power Grid Corp at Rs 147.20 with 28,060,798 shares and Reliance Natural at Rs 104.80 with 37,924,534 shares.

Markets stable; IT, banking stocks under pressure

The markets are stable with good gains. BSE Midcap and smallcap indces have outperformed the Sensex. Metal, oil & gas and realty stocks are trading strong but IT and banking stocks are under pressure.

At 10.50 am, the Sensex is up 103.69 points or 0.55% at 18819.51, and the Nifty up 68.20 points or 1.23% at 5627.50. About 2152 shares have advanced, 811 shares declined, and 86 shares are unchanged.

Top gainers on the Sensex are Reliance Comm at Rs 776.35 up 5.29%, Hindalco at Rs 206 up 4.07% and NTPC at Rs 229 up 3.71%.

Top losers on the Sensex are ICICI Bank at Rs 1,090 down 2.4%, Bharti Airtel at Rs 1,079.80 down 2.2% and HDFC Bank at Rs 1,444 down 1.07%.

Most active shares on NSE are Reliance at Rs 2,765.25 with 1,127,423 shares, Power Grid Corp at Rs 146.95 with 20,885,788 shares, Reliance Natural at Rs 102.20 with 16,172,340 shares.

Supreme Infra at 188.90 up 74.91%, Jumbo Bag at 21.60 up 20%, SE Investements at 635.20 up 20% were the top gainers on the BSE.

Sesa Goa at 3,358 up 4.83%, Jindal Steel at 7,815 up 4.54% and Hindalco at 205.60 up 3.86% were top gainers in the metal pack.

ICICI Bank at 1090 down 2.4% and HDFC Bank at 1430.20 down 2.01% werte top losers in the banking sector on BSE.

Mkts bounce back; Reliance opens strong ahead of Q2 result

The markets opened on very strong note today after yesterdays turbulence. Market breadth and the volumes in the early trade were also very impressive. Reliance was major gainers in today ahead of its Q2 result. Supreme Infrastructure got listed today at Rs 175 versus issue price of Rs 108.

At 9:56 am, Sensex was up 257 points at 18973 and Nifty was up 81 points at 5640. Major gainers in the early trade were Reliance Industries, Rel Comm, Sterlite, GAIL, NTPC, Tisco, Infosys, ICICI Bank and MTNL.

Asian markets were trading higher. Hong Kong's Hang Seng rose 0.88% or 258.88 points at 29,557.59, Japan's Nikkei gained 0.83% or 141.36 points at 17,096.67, Taiwan's Taiwan Weighted advanced 0.74% or 70.59 points at 9,632.75, South Korea's Seoul Composite was up 0.12% or 2.41 points at 1,986.35. However, Singapore's Straits Times fell 0.29% or 11.07 points at 3,828.66.

US market: The Dow fell 20.40 points, or 0.15%, to 13,892.54. The S&P 500 Index climbed 2.71 points, or 0.18%, to 1,541.24, while the Nasdaq gained 28.76 points, or 1.04%, to 2,792.67.

Market cues:

  • FIIs net buy USD 286.1 million in equity on Oct 16
  • MFs net sell Rs 300 crore in equity on Oct 16
  • NSE F&O Open Interest down by Rs 3,458 crore (Rs 34.58 billion) at Rs 99,286 crore (Rs 992.86 billion)
F&O cues:
  • Futures Open Interest down by Rs 3,728 crore (Rs 37.28 billion), Options Open Interest up by Rs 270 crore (Rs 2.70 billion)
  • Stock futures shed 5 cr shares in Open Interest
  • Nifty Oct Futures shed 28.6 lakh
  • Nifty Nov Futures add 12 lakh shares in Open Interest
  • Nifty Open Interest Put-Call ratio at 1.36 Vs 1.41
  • Nifty IVs very high at 42-50% levels
  • Nifty Puts shed 2.5 lakh shares in Open Interest
  • Nifty Calls add 5.6 lakh shares in Open Interest
  • Nifty 5500 Put adds 6 lakh shares in Open Interest
  • Nifty 5000 Put sheds 4.3 lakh shares in Open Interest
  • Nifty 5500 Call adds 1.95 lakh shares in Open Interest

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