Monday 21 January, 2008

Biggest ever single day absolute pt fall for Sensex, Nifty

Biggest ever single day absolute point fall for Sensex, Nifty, CNX Midcap. Second biggest fall was on May 18, 2006 when Sensex fell 826 points. Sensex ends down 1408 points at 17605 while Nifty ends down 496.5 points at 5209. In large cap, RIL was down 9.3%, ONGC was down 7.9%, NTPC was down 14%, Bharti Airtel was down 5.2%. CNX Midcap was down 11.5% while BSE Small Cap was down 10%. BSE Metal Index was down 13.3%, in which Jindal Steel was down 27%, SAIL was down 13%, Tata Steel was down 8%. BSE Realty Index was down 12.8%, in which Parsvnath was down 30%, IVR Prime was down 29% and HDIL was down 28%. Losers were Essar Oil, down 32%, Nagarjuna Fertilizers, down 31%, Oswal Chemicals, WWIL, down 31%. NSE Advance Decline ratio stood at 9: 1200.

Another Black Monday:

Biggest falls in the Indian stock market history:

Jan 21, 2008: Sensex down 1408 pts (7.4%)
Concerns: US market recession; margin call pressure from domestic investors

May 18, 2006: Sensex down 826 pts (6.76%)
Concerns: Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets

April 28, 1992: Sensex down 570 pts (12.77%)
Concerns: Harshad Mehta securities scam

May 17, 2004: Black Monday. Sensex down by 565 pts
Concerns: NDA loses election to loses Congress

FNO Snapshot:

Stock Futures saw largest Open Interest Unwinding ever; shed 12 crore shares in OI (prov). Lack of buying interest causes unwinding to take prices significantly lower. 55 F&O stocks below 20%. 150 F&O stocks at or below 10%. 217 stocks shed OI. Nifty added 36 lakh shares in OI (prov). Huge short buildup, some day end covering. Nifty Turnover at 37% (approx) of total F&O Turnover. Total F&O Turnover at Rs 82241 cr vs Rs 72852 cr on 18th Jan.

Biggest Losers:

Essar Oil: down 32.3%; sheds 4.5 lakh shares
Nagarjuna Fertilizers: down 32; sheds 13.7 lakh shares
WWIL: down 31%; sheds 15 lakh shares
Oswal Chemicals: down 30%; sheds 4.6 lakh shares
Jindal Steel: down 30%; sheds 3.4 lakh shares
Bajaj Hindustan: down 30%; sheds 5.41 lakh shares
MRPL: down 30%; sheds 26.14 lakh shares
Ispat Industries: down 29.4%; sheds 74 lakh shares
Sasken Communication: down 29%; sheds 1 lakh shares
IVR Prime: down 28%; sheds 1.5 lakh shares

Biggest Unwinding:

Stock Lakh (Shares) % OI Change
NTPC -94.7 -15%
Reliance Natural -91.4 -9%
Ispat Industries -73.9 -9%
Tata Tele (Mah) -71.6 -9%
SAIL -68.1 -16%
Reliance Petroleum -60.7 -5%
Jaiprakash Associates -46.9 -12%
Reliance Communication -41.9 -10%
Power Grid -37.9 -4%
IDBI -29.3 -6%
ITC -27.8 -11%
Ashok Leyland -27.6 -4%
MRPL -26.1 -11%
Hindustan Construction -24.8 -13%
Hotel Leela -19.2 -7%
Jaiprakash Hydro Power -17.5 -7%
Neyveli Lignite -17.5 -10%
Dena Bank -17.5 -11%
GMR Infrastructure -16.1 -3%