Volumes remained above the Rs 1 lakh crore for second consecutive day. The markets were extemely volatile ahead of Jul settlement on Thursday, Jul 28.
Among other Asian markets, Hang Seng fell 2.4 pc. Jakarta, Straits Times and Taiwan Weighted were down 0.5-0.8 pc. Nikkei and Kospi were flat.
However, the markets managed to show smart recovery post the European markets' positive opening, which rose 0.7-1.5 pc. The 50-share NSE Nifty saw recovery of 92.7 points from day's low of 4420.80, before closing at 4513.50, down 1.11 pc or 50.60 points. The 30-share BSE Sensex fell 158.48 points or 1.03 pc, to settle at 15,173.46. The Nifty July futures closed with 17.3 points discount and August futures with 5.5 points discount.
The markets recorded highest turnover ever; total turnover increased 39 pc to Rs 1,47,352.24 crore as against Rs 1,05,933.55 crore. This included Rs 23,333.69 crore from the NSE cash segment, Rs 1,16,508.34 crore from the NSE F&O and the balance Rs 7,510.21 crore from the BSE cash segment.
Mkts negative; Sensex down by 289 pts
At 01:15 PM, the sell-off in metal, realty, infrastructure, banking, cement, telecom and FMCG stocks was putting pressure on the Nifty, which was trading below the 4500 level. The Sensex was hovering around the 15,000 mark.
The Sensex was down 289 points, to 15,046 and the Nifty fell 98 points, to 4,465. The market breadth was negative; about 264 shares advanced while 968 shares declined on the NSE. The broader indices lost over 2 pc.
All sectoral indices were in the red. The BSE Metal and Realty indices lost over 5 pc. Power, FMCG, Capital Goods and Bank indices fell 2-3 pc.
In the realty space, Omaxe, Parsvnath, HDIL, DLF, Unitech and Ansal Properties were down 6.7-9 pc.
Metal stocks like SAIL, Ispat Industries, Sterlite, Tata Steel, Hindalco, Gujarat NRE Coke and JSW Steel lost 5-7 pc. Sesa Goa, Jindal Steel, Welspun Gujarat, Hindustan Zinc, NMDC and Jindal Saw declined 2-4 pc.
In the power space, Suzlon Energy, Reliance Infrastructure, GVK Power, ABB, GMR Infra, Neyveli Lignite, Lanco Infratech, Reliance Power, NTPC, BHEL and Tata Power slipped 2-5 pc.
Nifty volatile; banks, realty, metal dip
At 10:52 am , the Nifty was extremely volatile in trade. Buying in oil & gas, telecom, cement and select auto stocks along with HDFC, TCS and Tata Power was supporting the markets.
The Sensex was up just 7 points, to 15,339 while the Nifty fell 5 points, to 4,558. However, the broader indices were up 0.8 pc each. About 1604 shares advanced while 1087 shares declined on the BSE. Nearly 479 shares were unchanged.
Top gainers were M&M, ONGC, Hero Honda, TCS, Tata Power and Ranbaxy Labs were up 1.4-3 pc. Top losers were Tata Motors, DLF, Sun Pharma, SBI, Tata Steel and Axis Bank slipped 1-3 pc. Aban Offshore, Great Offshore, RNRL, Unitech, Tata Steel and Reliance Industries were most active shares on the bourses.
In the midcap space, Gujarat Gas surged 15.79 pc. Kansai Nerolac, Jubilant, Torrent Pharma and Patni Computer gained 5-7.5 pc. However, Godfrey Phillip, Everest Kanto, Monsanto India, HDIL and Gammon Infra declined 3-6 pc.
In the smallcap space, VIP Industries shot up 19.94 pc. TVS Motor, EIH Associated Hotel, Marathon Nextgen and Bliss GVS were up 10-12 pc. However, Gammon India, GSFC, Clariant, GMR Industries and Sundaram-Clayton lost 4.5-5.5 pc.
Mkts open weak; Sensex down by 102 pts
Markets opened weak on the back of negative Asian cues. Metal, realty, infrastructure and select banking stocks were under pressure. There was some volatility ahead of F&O expiry on Thursday, Jul 29.
At 9:56 am, the Nifty fell 32 points, to 4,531 and the Sensex slipped 102 points, to 15,229. The CNX Midcap declined 14 points, to 5,886 and the BSE Smallcap Index fell 10 points, to 6,235.
Among the frontliners, Cairn (ahead of numbers), Tata Steel (ahead of numbers), Suzlon Energy, DLF, SAIL, Tata Motors, ICICI Bank, HDFC, Jindal Steel & Power, SBI, Axis Bank, Sun Pharma (ahead of numbers), Wipro, Reliance Capital, Reliance Infrastructure, NTPC and Bharti Airtel were down 1-2.5 pc.
In Midcap space, Kingfisher Airlines was up 4 pc on fund raising plans. Great Offshore rose 3 pc. Gujarat Gas was up 1 pc as the company announced bonus and EBITDA numbers were good as well.
Gammon India was down 7.5 pc, GVK Power and Punj Lloyd were other losers. Alembic shot up 6 pc on good numbers. Firstsource was up 3 pc as its numbers were ahead of estimates. Maytas Infra and Mcleod Russel were up 3 pc each.