A1FS Views

 Market in a nutshell

• Markets opened on a frail note but gathered upward momentum as the session progressed. Noon trades saw the indices break into positive territory and pare yesterday’s losses. Sensex finally closed at 14,287 (up 495 points) while Nifty ended the day at 4,314 (up 123 points).
• Nifty July Futures were trading at a premium of 10-12 points to spot for major part of the session.
• On the penultimate day of the July series expiry, rollovers picked up to good levels with market wide rollover at 60% and Nifty rollover at 53%.
• BSE Bankex and Realty Index both advanced around 5% to 6,523 and 5,042 respectively. Axis Bank surged 10% to INR 680, while Ansal Infrastructure gained 6% to INR 95.
• Market breadth was positive with an Advance: Decline Ratio of 2.5:1. Punj Lloyd rallied 12% to INR 272, while RNRL gained 11% to INR 100.
• Cash volumes were at INR 180,881 mn (NSE+BSE) as against a 5 DMA of INR 209,311 mn. F&O volumes were at INR 585,439 mn as against a 5 DMA of INR 580,092 mn.

Eye Catchers

• Purvankara advanced 12% to INR 202 with volumes of 331,412 (up 4,800%), on the back of good results.

Market News

• Rupee strengthened to trade at INR 42.35 against the dollar, due to falling crude prices and recovering equity markets.
• Nymex crude declined to trade at $121.69/bbl. Base metals were trading on a mixed note.

Indices performance

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 Market in a nutshell

• Following global peers, markets opened in the red. However the real damage was caused at noon with the announcement of the CRR and repo rate hike, which caused the indices to nose dive with Sensex finally closing at 13,792 (down 557 points) and Nifty ending the day at 4,190 (down 142 points).
• Nifty July Futures were trading at a premium of 2-3 points to spot for major part of the session, which increased to 10 points during the final hour.
• Rate sensitive sectors suffered the most with BSE Bankex plummeting 8% to 6,200 and BSE Realty Index falling 5.5% to 4,798 .Bank of India plunged 13% to INR 258, while Unitech lost 6.5% to INR 157.
• Market breadth was negative with an Advance: Decline Ratio of 1:3. IDFC and HDFC Bank both fell 9% to INR 89 and INR 1,029 respectively.
• Cash volumes were at INR 172,937 mn (NSE+BSE) as against a 5 DMA of INR 204,820 mn. F&O volumes were at INR 648,042 mn as against a 5 DMA of INR 538,368 mn.

Eye Catchers

• Sun TV declined 15% to INR 232 with volumes of 1,905,720 (up 1,980%).
• Indian Bank fell 14% to INR 92 with volumes of 1,405,847 (up 620%).

Market News

• Rupee fell sharply to trade at INR 42.69 against the dollar, due to weak equity markets.
• Nymex crude rose to trade at $125.14/bbl. Base metals were trading on a strong note with lead up 5%.
• Call Money rates were at 8.6-8.8%, due to tight cash conditions.

Indices performance

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 Market in a nutshell

• Following global markets, local bourses dived on opening, and languished deep in the red as the session continued. Sensex finally closed at 14,275 (down 502 points) while Nifty ended the day at 4,312 (down 122 points).
• Nifty July Futures were trading at a premium of 10-15 points to spot for major part of the session.
• BSE Bankex plunged 6% to 6,752, with ICICI Bank tanking 10% to INR 657. BSE Oil and Gas Index retreated 5% to 9,504, with Reliance falling 7% to INR 2,147.
• Market breadth was negative with an Advance: Decline Ratio of 7:10. Educomp declined 11% to INR 2,988, while ABB fell 8% to INR 834.
• Cash volumes were at INR 206,089 mn (NSE+BSE) as against a 5 DMA of INR 209,784 mn. F&O volumes were at INR 531,635 mn as against a 5 DMA of INR 553,956 mn.

Eye Catchers

• MRPL gained 16% to INR 67 with volumes of 41,847,261 (up 900%).

Market News

• Rupee fell to trade at INR 42.35 against the dollar.
• Nymex crude rose to trade at $126.37/bbl. Base metals were trading on a weak note with zinc down 3.5%.

Indices performance

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  Market in a nutshell

• Continuing with yesterday’s bullish momentum, markets opened on a positive note. However, late morning trades saw the indices lose strength and slowly venture into the red. Selling pressure intensified in the final hour leading the Sensex to finally close at 14,777 (down 165 points) while Nifty ended the day at 4,434 (down 43 points).
• Nifty July Futures were trading at a premium of 8-10 points to spot for major part of the session.
• BSE IT and Metal Index both fell around 3% to 3,630 and 12,696 respectively. TCS was down 6.5% to INR 803, while Jindal Steel and Power declined 6% to INR 1,976.
• Market breadth was negative with an Advance: Decline Ratio of 7:10. RNRL climbed 9% to INR 99, while Tata Power fell 7% to INR 1,048.
• Cash volumes were high at INR 251,150 mn (NSE+BSE) as against a 5 DMA of INR 192,700 mn. F&O volumes were also strong at INR 581,294 mn as against a 5 DMA of INR 530,297 mn.

Eye Catchers

• Nagarjuna Fertilisers gained 14% to INR 39 with volumes of 67,245,223 (up 170%).

Market News

• Rupee rose to trade at INR 42.1 against the dollar.
• Nymex crude fell further to trade at $125.25/bbl. Base metals were trading on a strong note with zinc up 4%.

Indices performance