Market in a nutshell
- Markets opened weak but buying at lower levels enabled the indices to climb into the green for a brief period during morning trades. However the bourses could not sustain and started declining during afternoon trades, with increased selling in the final hour. Sensex finally closed at 14,646 (down 78 points) while Nifty ended the day at 4,393 (down 38 points). Selling was witnessed across most sectors; however IT stocks gained due to a falling rupee.
- Nifty August Futures were trading at a premium of around 10-15 points to spot for major part of the session.
- BSE Metal and Oil and Gas Index lost around 2% to 12,364 and 9,996 respectively. Hindalco fell 4.5% to INR 130, while GAIL declined 6% to INR 394.
- Market breadth was negative with an Advance: Decline Ratio of 2:5. Bombay Dyeing was down 6% to INR 532 while Rolta rose 5% to INR 326.
- Cash volumes were low at INR 132,044 mn (NSE+BSE) as against a 5 DMA of INR 177,464 mn. F&O volumes were at INR 396,802 mn as against a 5 DMA of INR 461,742 mn.
Eye Catchers
- Hindalco lost 4.5% to INR 130 with volumes of 7,957,626 (up 200%).
Market News
- Rupee fell sharply to trade at INR 43.6 against the dollar, due to increased dollar demand from oil refiners.
- Nymex crude fell further to trade at $114.1/bbl. Base metals were trading on a mixed note.
Indices performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
4,393.05 |
4,430.70 |
-0.85% |
|||
| CNX NIFTY JUNIOR |
7,080.60 |
7,173.60 |
-1.30% |
|||
| CNX IT |
3,919.45 |
3,907.40 |
0.31% |
|||
| BANK NIFTY |
6,015.05 |
6,030.05 |
-0.25% |
|||
| CNX 100 |
4,185.10 |
4,223.60 |
-0.91% |
|||
| S&P CNX DEFTY |
3,518.30 |
3,579.90 |
-1.72% |
|||
| S&P CNX 500 |
3,519.30 |
3,551.30 |
-0.90% |
|||
| CNX MIDCAP |
5,727.75 |
5,804.90 |
-1.33% |
|||
| NIFTY MIDCAP 50 |
2,158.80 |
2,185.55 |
-1.22% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| HDFC |
2,288.35 |
2,399.00 |
2,251.35 |
2,363.70 |
2,288.35 |
3.29 |
| DRREDDY |
589.95 |
607.30 |
582.10 |
603.80 |
589.15 |
2.49 |
| HDFCBANK |
1,169.00 |
1,223.80 |
1,160.40 |
1,203.55 |
1,174.80 |
2.45 |
| LT |
2,660.05 |
2,727.00 |
2,636.10 |
2,695.05 |
2,661.15 |
1.27 |
| ZEEL |
211.50 |
213.50 |
206.25 |
212.65 |
210.10 |
1.21 |
| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| GAIL |
415.00 |
424.70 |
389.30 |
393.90 |
417.10 |
(5.56) |
| AMBUJACEM |
84.55 |
84.55 |
79.40 |
80.05 |
84.55 |
(5.32) |
| HINDALCO |
136.00 |
136.00 |
128.35 |
129.55 |
135.95 |
(4.71) |
| GRASIM |
2,050.00 |
2,050.00 |
1,936.25 |
1,960.55 |
2,056.85 |
(4.68) |
| ABB |
880.00 |
891.50 |
859.00 |
860.20 |
890.15 |
(3.36) |
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