Friday, 12 October 2007

Mkts witness profit booking

Mkts witnessed profit booking in a volatile day of trade. The Sensex was down nearly 400 points at 18419 and the Nifty was down 97 points at 5428. The CNX Midcap Index was down 1.4% and the BSE Small-cap Index was down 0.24%.



Markets On Friday:

Markets witnessed profit booking in a volatile day of trade. The Sensex was down nearly 400 points at 18419 and the Nifty was down 97 points at 5428. The CNX Midcap Index was down 1.4% and the BSE Small-cap Index was down 0.24%. The BSE Realty Index was down 3.3% and the BSE Cap Goods, Bank Indices were down 2.7% each/

New listing: Koutons Retail closed at Rs 586 vs listing price of Rs 519 (issue price Rs 415). Inflation For the week ended Sep 29 was at 3.26% vs 3.42% and the market estimated 3.36%. NSE Advance Decline ratio was at 1:2. Markets recorded second highest turnover in history at Rs 122730.99 crore. Aug IIP numbers came in higher than expectations.

Currency Movement
Yen depreciated by 10 bps at 117.4. Rupee depreciated by 33 bps at 39.43

F&O Snapshot
Nifty Futures premium was at 29 points vs 25 points premium yesterday and added 18.6 lakh shares in OI. Fresh shorts were seen in GMR Infra, IDBI, Reliance Communication, RIL. Long unwinding was seen in TTML, IFCI, RPL.

Most Buzizng Stock
Patel Eng up 10%; cut 36 thousand shares in OI
Havell’s India up 8.5%; add 2 lakh shares in OI
Rolta up 8.4%; add 85 thousand shares in OI
Lanco Infra up 5.7%; add 1.5 lakh shares in OI

Fresh Shorts
GMR Infra down 2.3%; add 28.3 lakh shares in OI
IDBI down 5.5%; add 23.5 lakh shares in OI
R Comm down 3.1%; add 16.5 lakh shares in OI
RIL down 2.7%; add 13.5 lakh shares in OI

Long Unwinding
TTML down 3.5%; cut 37.8 lakh shares in OI
IFCI down 3%; cut 30 lakh shares in OI
RPL, Escorts, MRPL, IDFC see unwinding of long positions with drop in the price

Short Covering
Arvind Mills up 4.5%; cut 35.4 lakh shares in OI