Sensex breaches 13000; Nifty below 3900

Markets are trading sharply lower on the back of selling pressure in realty, banking, metal, power, capital goods and auto stocks. Reliance Comm, ICICI Bank, Reliance Ind, Cairn, Suzlon, Tata Steel and HDFC are draggers of indices. The Nifty breached 3,950 as well. Indian Rupee is trading at 43.38 a dollar. Weak European markets also added to negative sentiments.

At 2:17 pm, the Sensex was down 282 points at 13,179 and Nifty down 90 points at 3,950. Nifty July Futures was trading at 45 points discount.

Market breadth is negative; about 604 shares are advancing while 2286 shares declining. Nearly 242 shares are unchanged.

Reliance Comm, Hindalco, Reliance Infra, Unitech and Idea Cellular are top losers while Satyam, NTPC, Infosys, HCL Tech, Tata Comm and GAIL gainers.

Realty Index plunged 6%, Metal, Bankex, Power, Capital Goods, Auto, Midcap and Small cap fell 2-4%. Oil & Gas, FMCG and Healthcare slid over 1%.

European markets crashed after the news that UK average home prices decline 6.3% in June (YoY), which is biggest drop since 1992. Banking stocks hit the most. FTSE 100, CAC 40 and DAX crashed over 1%.

Markets @ 1 pm : Mkts plunge; Rel Comm, ICICI Bk, Rel Infra top losers

Markets slip further and trading at day's low. The BSE realty index plunged 4.85%. Heavy selling pressure is also seen in bank, power and capital good stocks. The BSE midcap and smallcap indices were down over 2% each. However, only IT index was trading in green as rupee depreciate further and hits low of 43.44/$ in today's trade.

At 1 pm, the Sensex is down 192.56 points or 1.43% at 13269.04, and the Nifty is down 66.60 points or 1.65% at 3973.95.

Market breadth is down; about 644 shares have advanced, 2248 shares declined, and 240 shares are unchanged.

Top losers on the bourses are Cairn India at Rs 250.40 down 8.85%, Suzlon Energy at Rs 197.40 down 8.59%, Reliance Comm at Rs 409.50 down 7.44%, ICICI Bank at Rs 598.55 down 5.02% and Reliance Infra at Rs 746 down 4.94%.

Most active shares on BSE are MVL, Reliance Industries and Rel Capital.

Mkts weak; Nifty struggles around 4000

The markets are witnessing selling pressure on the back of weakness in realty, auto, power, banking, metal and capital goods stocks. The Nifty is still struggling around 4000 mark. Market breadth is weak; about 749 shares are advancing while 2132 shares declining. Nearly 251 shares are unchanged.

At 12:05 pm, the Sensex was down 88 points at 13,372 and Nifty down 40 points at 3,999. Nifty July Futures was trading at 43 points discount.

Top losers are Jaiprakash Associates, Reliance Comm, Tata Motors, Cairn India and Suzlon Energy while Satyam, Wipro, Grasim, HCL Tech and Tata Comm gainers.

Indian Rupee has hit low of 43.39 per dollar, which means dollar is more expensive for India now. April-May trade deficit stood at USD 20.64 billion; oil imports shot up by 48.5% at $16.49 billion.

May trade deficit was at $10.8 billion as against USD 7.1 billion (YoY), imports up by 27.1% at $24.5 billion and exports up by 12.9% at $13.8 billion.

BSE Midcap and Small Cap indices fell over 2%. Amongst midcap stocks, shapura Mine, Phoenix Mills, Prakash Ind, Honeywell Autom, UCO Bank, GE Shipping, Shree Precoated, Educomp Sol and GVK Power plunged over 7%.

In the small cap space, Vipul, Hatsun Agro, Arihant Found, Borosil Glass, Kemrock Indus, Sahara One, Force Motors, Prime Focus, Diamond Cables and Nitco Tiles crashed over 7%.

BGR Energy bagged EPC order for 600 MW power project from Tamil Nadu worth Rs 3,100 crore. The stock went up marginally.

BILT hiked prices of coated paper by Rs 1,500 per tonne and uncoated by Rs 800/t.

Markets @ 11:18 am : Mkts volatile; Satyam, Grasim, Reliance Ind top gainers

Markets are trading with some volatility. Buying support seen from technology, oil, select metal and banking stocks while selling continues in realty, auto, some power and pharma stocks. The Nifty is back above 4050 after breaching 4000 mark in early trade on the back of buying in select largecap stocks.

At 11:18 am, the Sensex was up 82 points at 13,543 and Nifty up 10 points at 4,049. Nifty July Futures discount shrunk to 38 points as some short covering seen. Midcap and small cap indices fell over 1%.

Market breadth is negative; about 875 shares are advancing while 2008 shares declining. Nearly 249 shares are unchanged.

Satyam, Reliance Ind, Grasim and Hindalco are top gainers while Tata Motors, Reliance Comm, DLF, Zee Enter, ABB and Suzlon Energy losers.

MVL, Reliance Cap, Reliance Petro and Reliance Ind are most active counters on the bourses.

Realty Index fell -3.4%, Auto -1.13%, Power -0.76%, Healthcare -0.60% and FMCG -0.4% while IT gained 1.55% and Oil & Gas 0.74%.

On the primary market front, Sejal Architectural Glass went up 9.22% at Rs 125.60 as against issue price of Rs 115.

Markets @ 10:38 am : Mkts volatile; Nifty holds above 4000, Realty down 4%

The markets are witnessing some volatility as selling seen in realty, power, select capital goods, metal, auto and pharma stocks. However, IT stocks are trading with some buying interest. The Nifty has breached its psychological level of 4000 in early trade, which is for the first time since May 11, 2007. It has been corrected 37% from its all-time high of 6,357.1 on January 8, 2008.

At 10:38 am, the Sensex was up 48 points at 13,510 while Nifty down 1.7 points at 4,038. The Nifty July Futures was trading at 40 points discount.

Turnover traded by the markets so far, stood at Rs 8281 crore. This includes Rs 720 crore from BSE cash segment, Rs 1602 crore from NSE Cash and Rs 5935 crore from NSE F&O segment.

Dragger of indices are Bharti Airtel, HDFC, Reliance Comm, DLF and HDFC Bank while movers - Satyam, Reliance Ind, Tata Steel, Hindalco and ONGC

Market breadth is weak; about 699 shares are advancing while 2178 shares declining. Nearly 255 shares are unchanged.

Top losers are DLF, Bharti Airtel, Reliance Comm, ABB, Suzlon Energy and Unitech while Satyam, Hindalco, Wipro, Tata Comm and Reliance Industries gainers.

Realty Index fell 4.7% due to huge selling in Indiabulls Real, HDIL, Orbit Corporation, Omaxe, Akruti City, Sobha Developer, Parsvnath, DLF and Unitech.

Power stocks like Torrent Power, Lanco Infratech, Suzlon Energy, Reliance Power, GMR Infra, Tata Power and Power Grid Corp also darkened. Index slid by 1%.

However, technology stocks like Satyam, HCL Tech, I-Flex Solution, Financial Tech and Wipro are gaining buying interest. Index was up marginally.

Markets @ 9:56 am : Mkts choppy in opening trade

The markets have opened flat and witnessing some choppiness. Buying has seen in Cipla, JP Associates, Tata Steel, Ambuja Cements, Satyam, TCS, Infosys, SBI and Suzlon while selling in HDFC Bank, Grasim, ACC, Reliance Comm, DLF and HUL. Realty stocks continued to remain under selling pressure. Market breadth is negative.

The Nifty is still holding above 4000 mark. At 9:59 am, the Nifty was up 10 points at 4,051 and Sensex up 60 points at 13,521. The CNX Midcap was up 11 points at 5,249.

On the primary market front, Sejal Architectural has listed at Rs 137.85 as against its issue price of Rs 115.

Asian markets were trading mixed. Nikkei was up 0.25%, Jakarta Composite 0.7%. However, Shanghai fell 1.8%, Taiwan Weighed -0.7% and Kospi -0.4%.

US markets ended mixed on Monday capping a dismal quarter and first half marked by rocketiing oil prices and battered financials. Tech stocks were among the day's worst performers. The Dow Jones was up 4 points to close at 11, 350. NASDAQ was down 22 points to close at 2293 while S&P 500 closed up 2 points at 1280.

Market cues:

* FIIs net sell $ 185 mn in equity on June 27: SEBI
* Domestic MFs net buy Rs 4.2 cr in equity on June 27
* NSE F&O Open Int up by Rs 1071 crore at Rs 61, 070 crore

F&O cues:

* Futures Open Int down by Rs 450 cr, Option Open Int up by Rs 1521 crore
* Nifty Futures at 67 points discount; add 6.4 lakh shares in Open Int
* Nifty Open Int Put-Call ratio at 0.99 Vs 1.07
* Nifty Puts add 5.9 lakh, Nifty Call add 23.65 lakh shares in Open Int
* Call writing seen at 4100, 4200, 4300 level
* Nifty 3900 Put got active yesterday
* Nifty 3900 Put add 8.7 lakh shares in Open Int
* Nifty 4100 Call add 5.3 lakh shares in Open Int
* Nifty 4200 Call add 5 lakh shares in Open Int
* Nifty 4000 Call add 3.2 lakh shares in Open Int
* Nifty 4100 Put shed 2.5 lakh shares in Open Int
* Nifty 4000 Put shed 2.3 lakh shares in Open Int
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