Market in a nutshell
- Markets exhibited range bound movement in the negative territory, with selling pressure intensifying in the final hour. Sensex finally closed at 14,048 (down 249 points), while Nifty closed at 4,214 (down 78 points).
- Nifty September Futures were trading at a discount of around 5 points to spot for major part of the session.
- The August series witnessed higher rollover (in % terms) as compared to July with Nifty rollover at 75% and market wide at 84%. The Nifty open interest base however, continues to be low at INR 127 billion as we enter the September series.
- BSE Oil and Gas Index declined 2.5% to 9,408, with Aban Offshore down 5% to INR 2,026. BSE Capital Goods fell 2% to 11,493, with Alstom Projects down 4% to INR 370.
- Market breadth was negative with an Advance: Decline Ratio of 1:3. Oswal Chemicals lost 7.5% to INR 25, while Wire and Wireless was down 6.5% to INR 22.
- Cash volumes were at INR 171,336 mn (NSE+BSE) as against a 5 DMA of INR 123,688 mn. F&O volumes were at INR 661,642 mn as against a 5 DMA of INR 479,262 mn.
Eye Catchers
- Purvankara gained 8% to INR 202 with volumes of 99,685 (up 200%).
- Hindalco fell 6% to INR 121 with volumes of 14,554,132 (up 300%).
Market News
- Rupee depreciated to trade at INR 43.79 against the dollar.
- Nymex crude rose to trade at $119.34/bbl. Base metals were trading on a strong note with lead up 11%.
Indices performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
4,214.00 |
4,292.10 |
-1.82% |
|||
| CNX NIFTY JUNIOR |
6,881.75 |
6,940.60 |
-0.85% |
|||
| CNX IT |
3,806.90 |
3,877.90 |
-1.83% |
|||
| BANK NIFTY |
5,721.15 |
5,823.55 |
-1.76% |
|||
| CNX 100 |
4,021.90 |
4,090.80 |
-1.68% |
|||
| S&P CNX DEFTY |
3,337.10 |
3,396.60 |
-1.75% |
|||
| S&P CNX 500 |
3,376.80 |
3,435.25 |
-1.70% |
|||
| CNX MIDCAP |
5,546.45 |
5,632.90 |
-1.53% |
|||
| NIFTY MIDCAP 50 |
2,075.15 |
2,114.40 |
-1.86% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| CAIRN |
245.40 |
254.55 |
244.50 |
249.80 |
244.35 |
2.23 |
| SUZLON |
204.80 |
211.80 |
203.20 |
208.60 |
204.70 |
1.91 |
| HEROHONDA |
810.00 |
832.90 |
810.00 |
822.10 |
810.35 |
1.45 |
| MARUTI |
615.00 |
636.65 |
611.35 |
629.35 |
626.15 |
0.51 |
| SATYAMCOMP |
406.00 |
409.40 |
402.10 |
406.35 |
404.55 |
0.44 |
| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| HINDALCO |
128.90 |
128.90 |
119.50 |
120.60 |
139.20 |
(6.44) |
| NATIONALUM |
390.00 |
394.50 |
361.00 |
369.35 |
392.05 |
(5.79) |
| BPCL |
295.00 |
300.00 |
278.70 |
284.30 |
298.50 |
(4.76) |
| TATACOMM |
417.50 |
420.00 |
390.35 |
394.85 |
413.50 |
(4.51) |
| DRREDDY |
591.00 |
594.75 |
560.25 |
566.90 |
589.70 |
(3.87) |
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