A1FS Views

 Market in a nutshell

• Dragged down by weak global cues, the indices opened deep in the red and slipped unabatedly as the session progressed. The downward slide continued as intense selling activity was witnessed across all sectors. After hitting a two year low, Sensex finally closed at 11,801 (down 724 points), while Nifty ended the day at 3,602(down 216 points).
• Nifty October futures were trading at a premium of around 15-18 points to spot for the major part of the session.
• BSE Realty Index plummeted 10% to 3,000 with HDIL falling 15% to INR 139 and BSE Metal Index crashed 9.3% to 7,636 with Sterlite Industries falling 15.2% to INR 335.
• Market breadth was negative with an Advance: Decline Ratio of 1:15. Aban was down 18% to INR 1,456 while RelInfra fell 15% to INR 636.3.
• Cash volumes were at INR 143,589 mn (NSE+BSE) as against a 5 DMA of INR 169,763 mn. F&O volumes were at INR 468,532 mn as against a 5 DMA of INR 498,938 mn.

Eye Catchers

• Praj Industries plunged 19% to INR 93.2 with volumes of 3,797,854 (up 172%).

Market News

• Rupee depreciated to trade at INR 47.80 against the dollar on worries of capital outflow by foreign funds to melting stock markets.
• Nymex crude fell to trade at $90.20/bbl. Base metals were trading on a positive note.

Indices performance