A1FS Views

 Market in a nutshell

• Poor global cues led to weak opening of the indices. Selling pressure was witnessed across the board with banking and realty sectors being the worst hit. Markets continued its southward journey with Sensex finally closing at 13,102 (down 445 points), while Nifty ended the day at 3,985 (down 126 points).
• Nifty October futures were trading at a premium of around 17-20 points to spot for the major part but narrowed to around 14 points towards the end of the session.
• BSE Realty Index declined around 6.5% to 3,597 with Akruti City falling 17% to INR 799. BSE Metal Index fell 5% to 9,502 with Gujarat NRE Coke losing 9.5% to INR 59.
• Market breadth was negative with an Advance: Decline Ratio of 1:8. Unitech crashed 9.5% to INR 111, while LITL was down 11% to INR 184.
• Cash volumes were at INR 153,505 mn (NSE+BSE) as against a 5 DMA of INR 180,806 mn. F&O volumes were at INR 442,971 mn as against a 5 DMA of INR 700,556 mn.

Eye Catchers

• Aban plunged 10% to INR 2,103 with volumes of 490,903 (up 117%).

Market News

• Rupee depreciated to trade at INR 46.56 against the dollar, due to month-end dollar demand.
• Nymex crude rose to trade at $105.38/bbl. Base metals were trading on a mixed note.

Indices performance