Markets witnessed unprecedented volatility during the day’s trade. Sensex recorded highest intra-day volatility in 2007 (665 points), it shies away from 18000 and ended up 561 points at 17890. Nifty closed above 4200 and was up 141 points at 5210. IT stocks saw contrarian buying in which Infosys lead the gains.
Markets witnessed unprecedented volatility during the day’s trade. Sensex recorded highest intra-day volatility in 2007 (665 points), it shies away from 18000 and ended up 561 points at 17890. Nifty closed above 4200 and was up 141 points at 5210. IT stocks saw contrarian buying in which Infosys lead the gains. Realty & Power continued to gain. In this, DLF hits Rs 1.5 lakh crore market cap. BSE Realty Index was up 6.4%, BSE IT Index was up 4.15% and BSE Oil & Gas Index was up 3.4%. CNX Midcap Index was up but ended almost flat while BSE Small-cap Index was down 0.86%. NSE Advance Decline ratio stood at 4:7. Total market turnover was at Rs 1.35 lakh crore vs Rs 85984.6 crore on Monday. All time high F&O turnover was at Rs 1 lakh crore and stock futures turnover was at Rs 61000 crore.
Currency Movement
Rupee appreciated 30 bps at 39.72 while Yen depreciated by 44 bps at 116.24.
F&O Snapshot
Huge volatility was seen in Nifty; futures swung between discount and premium. Profit booking was seen in select midcaps. DLF was up 16.5% in which huge build up of 30% in OI was seen and the turnover was of Rs 3,000 crore. NTPC was up 4%; added 12 lakh shares in OI; TTML was down 5%; sheds 80 lakh shares in OI and profit booking was seen in Arvind Mills, Nagarjuna Fertilizers and Ashok Leyland.
Highest Turnover
REL: Rs 8222 crore
RIL: Rs 4834 crore
Reliance Capital: Rs 4805 crore
Reliance Comm: Rs 3570 crore
DLF: Rs 2934 crore
Fresh Longs were seen in:
Realty: DLF
Power: Tata Power, Suzlon, REL,
Misc: GE Shipping, Ultratech Cement, Sterlite, VSNL, Dabur
IT: Infosys, Polaris, Satyam Computers
Short Covering was seen in:
Misc: Reliance Comm, RIL, IDFC, Nagarjuna Construction, BEML, Hinduja TMT, CESC , Everest Kanto
Realty: Unitech, HDIL, Parsvnath Developers
Infrastructure: GMR Infra, Lanco Infratech
Capital Goods: L&T, BHEL
IT: TCS, Wipro
Banks: ICICI Bank, Karnataka Bank
