A1FS Views

 Market in a nutshell

• Markets opened with uncertainty, hovering around yesterday’s close and then dipped into the red due to selling pressure which persisted throughout the day. The final hour saw some recovery with Sensex finally closing at 13,457 (down 145 points), while Nifty ended the day at 4,111 (down 51 points).
• Nifty October futures were trading at a premium of around 30-40 points to spot for the major part of the session.
• The September series expiry saw lower than average rollovers with Nifty rollovers at 60% and market wide at 76%. The October series starts with a very low base Nifty OI of INR 111 bn.
• BSE IT and Realty Indices declined around 2% each to 3,348 and 3,840 respectively. Wipro fell 5% to INR 353, while India Bulls Real Estate lost 5% to INR 198.
• Market breadth was negative with an Advance: Decline Ratio of 2:5. Suzlon plunged 7% to INR 182, while National Aluminum was down 6% to INR 396.
• Cash volumes were at INR 203,816 mn (NSE+BSE) as against a 5 DMA of INR 186,970 mn. F&O volumes were at INR 826,977 mn as against a 5 DMA of INR 683,350 mn.

Eye Catchers

• India Cements climbed 6% to INR 137 with volumes of 2,612,146 (up 280%).
• Pantaloon dipped 6% to INR 275 with volumes of 1,194,361 (up 900%).

Market News

• Rupee depreciated to trade at INR 46.2 against the dollar, due to increased dollar demand.
• Nymex crude fell to trade at $104.06/bbl. Base metals were trading on a mixed note.

Indices performance

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