Market in a nutshell
- Even with the Fed planning on buying unsecured corporate debt, the selling pressure in the global markets did not relent. Although other indices, like Indonesia and Russia, were halted during trading hours, Nifty pulled back more than 200 points from its day’s low (which was almost 300 points from yesterday’s closing). Even developed European markets were deeply negative on opening. After a highly volatile session, Sensex finally closed at 11,328(down 367points) Nifty ended the day at 3,513 (down 94 points)
- Nifty October futures were trading at a premium of around 25-30 points to spot in the first half of the session but narrowed to around 10-13 points towards the end of the session.
- BSE FMCG Index plunged 5.2% to 1,947 with United Spirits falling 18% to INR 939 while BSE IT Index crashed 5% to 2,701 with Rolta India down 10.5% to INR 162
- Market breadth was negative with an Advance: Decline Ratio of 1:7. AuroPharma fell 22% to INR 211 while KFA dropped 17% to INR 44.85.
- Cash volumes were at INR 179,545 mn (NSE+BSE) as against a 5 DMA of INR 167,445 mn. F&O volumes were at INR 576,669 mn as against a 5 DMA of INR 511,774 mn.
Eye Catchers
- Triveni plummeted 15% to INR 57 with volumes of 4,285,741 (up 300%).
Market News
- Rupee depreciated to trade at INR 48.30 against the dollar.
- Nymex crude was stable at $87.20/bbl. Base metals were trading on a mixed note.
Indices performance
| CURRENT | PREV. | %CHANGE | ||||
| S&P CNX NIFTY |
3,513.65 |
3,606.60 |
-2.58% |
|||
| CNX NIFTY JUNIOR |
5,165.40 |
5,434.75 |
-4.96% |
|||
| CNX IT |
2,645.85 |
2,806.50 |
-5.72% |
|||
| BANK NIFTY |
5,222.60 |
5,457.55 |
-4.31% |
|||
| CNX 100 |
3,305.15 |
3,403.85 |
-2.90% |
|||
| S&P CNX DEFTY |
2,503.30 |
2,596.75 |
-3.60% |
|||
| S&P CNX 500 |
2,693.90 |
2,790.90 |
-3.48% |
|||
| CNX MIDCAP |
4,202.60 |
4,433.05 |
-5.20% |
|||
| NIFTY MIDCAP 50 |
1,510.60 |
1,597.85 |
-5.46% |
|||
| Top Gainers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| RANBAXY |
249.95 |
284.45 |
236.25 |
279.15 |
256.10 |
9.00 |
| TATAPOWER |
730.00 |
825.00 |
671.30 |
808.45 |
768.10 |
5.25 |
| NATIONALUM |
346.40 |
385.00 |
331.00 |
378.25 |
361.50 |
4.63 |
| MARUTI |
651.00 |
698.00 |
627.50 |
687.85 |
672.10 |
2.34 |
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| Top Losers | ||||||
| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| SUZLON |
120.00 |
120.00 |
100.05 |
113.20 |
124.35 |
(8.97) |
| ZEEL |
188.00 |
189.00 |
155.15 |
176.20 |
192.95 |
(8.68) |
| BPCL |
374.00 |
374.00 |
333.35 |
342.10 |
373.95 |
(8.52) |
| SIEMENS |
351.00 |
351.00 |
319.20 |
327.80 |
358.25 |
(8.50) |
| WIPRO |
304.10 |
304.10 |
265.90 |
282.75 |
308.30 |
(8.29) |
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