A1FS Views

 Market in a nutshell

• Markets opened on a weak note and traded within a narrow range in the negative territory for major part of the day. The final hour saw selling activity intensify which dragged the indices, with Sensex finally closing at 14,297 (down 185 points), while Nifty closed at 4,292 (down 46 points). Selling was witnessed across the board.
• Nifty August Futures were trading at a premium of around 3-5 points to spot for major part of the session.
• On the penultimate day of the August series expiry, Nifty has rolled over to the extent of 56% while market wide rollovers are at 61%. Nifty rollover has picked up significantly and is comparatively better than the average of 53% seen on D-1 of previous expiries.
• BSE Realty was the major loser of the day dropping 3.5% to 4,837, with Indiabulls Real Estate plunging 8% to INR 262. BSE Bankex slipped 2% to 6,715, with SBI down 3% to INR 1,331.
• Market breadth was negative with an Advance: Decline Ratio of 1:2. Educomp gained 4% to INR 3,473, while Chambal Fertilisers was down 7% to INR 73.
• Cash volumes were low at INR 124,703 mn (NSE+BSE) as against a 5 DMA of INR 125,658 mn. F&O volumes were at INR 475,355 mn as against a 5 DMA of INR 461,327 mn.

Market News

• Rupee strengthened to trade at INR 43.67 against the dollar.
• Nymex crude rose to trade at $117.68/bbl. Base metals were trading on a weak note with zinc down 2%.

Indices performance

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