A1FS Views

 Market in a nutshell 

• Markets opened on a cautious note looking for cues from the budget. Post the budget, we saw selling across the board during afternoon trades. The final hour saw some amount of muted recovery with Sensex finally closing at 17,579 (down 246 points) while Nifty closed at 5,224 (down 62 points).
• BSE IT and Realty Indices were the major losers both down around 3% to 3,863 and 9,566 respectively. HCL Tech and Unitech both fell around 5% to INR 278 and INR 359, respectively.
• Nifty March Futures were trading at a discount of 30 points to spot for the first half, which increased to 45 points during the second half.
• Market breadth was negative with an Advance: Decline Ratio of 1:2. India Infoline declined 7% to INR 1,112, while Essar Oil gained 8% to INR 260.
• Cash volumes were at INR 158,166 mn (NSE+BSE) as against a 5 DMA of INR 179,180 mn. F&O volumes were at INR 490,835 mn as against a 5 DMA of INR 537,077 mn.

Eye Catchers

• Chambal Fertilisers plunged 10% to INR 59 with volumes of 42,060,025 (up 220%).
• Nagarjuna Fertilisers fell 8% to INR 52 with volumes of 117,311,010 (up 230%).

Market News

• Rupee weakened to trade at INR 40.02 against the dollar.
• Nymex crude rose to trade at $ 102.18/bbl. Base metals were trading on a strong note, with zinc up 4%.
• Costly petroleum products and some food items pushed inflation rate to nine-month high of 4.89% for the week ended February 16

Indices Performance

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