- Key benchmark indices continued their southward journey in the opening trades today. Uncertainty on the US bailout package and continued instability in the global banking sector led to intense selling across all sectors. After hitting the 18-month low, BSE Sensex finally closed at 12,595 (down 507 points), while Nifty ended the day at 3,850 (down 135 points).
- Nifty October futures were trading at a premium of around 17-20 points to spot in the beginning of the session but contracted to around 5-8 points towards the end of the session.
- BSE Bankex Index plunged around 6% to 6,175 with ICICI Bank falling 12% to INR 493. BSE IT Index fell 5.45% to 3,057 with Aptech dropping 13% to INR 129.
- Market breadth was negative with an Advance: Decline Ratio of 1:9. HDIL plummeted 14.15% to INR 165, while Suzlon was down 12% to INR 153.50.
- Cash volumes were at INR 177,128 mn (NSE+BSE) as against a 5 DMA of INR 166,465 mn. F&O volumes were at INR 559,057 mn as against a 5 DMA of INR 641,206 mn.
Eye Catchers
- Karnataka Bank crashed 12% to INR 121 with volumes of 2,018,178 (up 3495%).
Market News
- Rupee depreciated to trade at INR 46.96 against the dollar, as dollar purchases were pushed up by oil refiners.
- Nymex crude fell to trade at $103.5/bbl. Base metals were trading on a weak note.
Indices performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
3,850.05 |
3,985.25 |
-3.39% |
|||
| CNX NIFTY JUNIOR |
5,885.05 |
6,162.70 |
-4.51% |
|||
| CNX IT |
3,050.95 |
3,211.85 |
-5.01% |
|||
| BANK NIFTY |
5,538.75 |
5,828.60 |
-4.97% |
|||
| CNX 100 |
3,640.70 |
3,774.55 |
-3.55% |
|||
| S&P CNX DEFTY |
2,835.65 |
2,965.50 |
-4.38% |
|||
| S&P CNX 500 |
3,007.90 |
3,123.75 |
-3.71% |
|||
| CNX MIDCAP |
4,818.60 |
5,013.45 |
-3.89% |
|||
| NIFTY MIDCAP 50 |
1,763.05 |
1,842.70 |
-4.32% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| BPCL |
339.00 |
344.40 |
330.10 |
341.10 |
335.05 |
1.81 |
| HINDUNILVR |
252.50 |
265.50 |
249.10 |
254.65 |
252.50 |
0.85 |
| SAIL |
134.90 |
137.40 |
130.00 |
134.10 |
133.35 |
0.56 |
| TATACOMM |
471.05 |
479.00 |
457.00 |
471.30 |
470.85 |
0.10 |
|
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| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| SUZLON |
176.10 |
178.90 |
150.25 |
153.50 |
175.25 |
(12.41) |
| ICICIBANK |
561.25 |
565.00 |
483.00 |
493.30 |
560.40 |
(11.97) |
| IDEA |
77.70 |
77.70 |
68.70 |
70.75 |
77.95 |
(9.24) |
| SATYAMCOMP |
323.95 |
323.95 |
288.15 |
293.05 |
322.20 |
(9.05) |
| TCS |
678.80 |
678.80 |
612.00 |
620.00 |
676.20 |
(8.31) |
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