Market in a nutshell
- The weakness observed yesterday, persisted today, as the broader indices continued their downward drift. However, buying during the final hour helped pare a considerable amount of the day’s losses leading the Sensex to finally close at 14,543 (down 103 points), while Nifty ended the day at 4,368 (down 25 points).
- Nifty August Futures were trading at a premium of around 15-20 points to spot for major part of the session.
- BSE Consumer Durable and IT Index both lost around 1% to 3,783 and 3,892 respectively. Videocon fell 2% to INR 273, while Satyam declined 3% to INR 406.
- Market breadth was negative with an Advance: Decline Ratio of 3:5. ACC fell 6% to INR 560 while Purvankara was down 4% to INR 190.
- Cash volumes were low at INR 129,073 mn (NSE+BSE) as against a 5 DMA of INR 167,941 mn. F&O volumes were at INR 434,267 mn as against a 5 DMA of INR 446,862 mn.
Eye Catchers
- Strides Arcolab gained 5% to INR 190 with volumes of 265,823 (up 1,400%).
Heard on the Street
- TCS is close to acquiring Citigroup’s captive back office unit in India for about INR 21.5 - 23.5 bn.
Market News
- Rupee was stable trading at INR 43.61 against the dollar.
- Nymex crude fell further to trade at $111.79/bbl. Base metals were trading on a mixed note.
Indices performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
4,368.25 |
4,393.05 |
-0.56% |
|||
| CNX NIFTY JUNIOR |
7,028.95 |
7,080.60 |
-0.73% |
|||
| CNX IT |
3,898.05 |
3,919.45 |
-0.55% |
|||
| BANK NIFTY |
5,992.40 |
6,015.05 |
-0.38% |
|||
| CNX 100 |
4,160.50 |
4,185.10 |
-0.59% |
|||
| S&P CNX DEFTY |
3,474.35 |
3,518.30 |
-1.25% |
|||
| S&P CNX 500 |
3,500.75 |
3,519.30 |
-0.53% |
|||
| CNX MIDCAP |
5,711.25 |
5,727.75 |
-0.29% |
|||
| NIFTY MIDCAP 50 |
2,157.45 |
2,158.80 |
-0.06% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| HINDALCO |
128.85 |
133.30 |
126.25 |
132.55 |
129.55 |
2.32 |
| RELINFRA |
960.00 |
1,003.70 |
951.00 |
993.15 |
972.40 |
2.13 |
| NATIONALUM |
390.00 |
404.90 |
387.00 |
400.40 |
392.30 |
2.06 |
| RPL |
155.00 |
160.50 |
154.25 |
159.45 |
156.45 |
1.92 |
| ICICIBANK |
650.25 |
683.40 |
650.10 |
677.70 |
665.00 |
1.91 |
| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| ACC |
590.00 |
590.00 |
558.00 |
560.35 |
594.40 |
(5.73) |
| IDEA |
84.50 |
86.00 |
80.30 |
81.85 |
86.20 |
(5.05) |
| MARUTI |
639.85 |
639.85 |
601.95 |
616.50 |
640.10 |
(3.69) |
| SATYAMCOMP |
423.70 |
423.70 |
398.10 |
404.30 |
418.75 |
(3.45) |
| HDFC |
2,350.00 |
2,350.00 |
2,225.10 |
2,284.65 |
2,363.70 |
(3.34) |
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