Market continue to tarde choppy for second day running. Sensex swung over 400 points while Nifty swung nearly 100 points for second ray running. Profit booking continues in momentum stocks. Sensex ends flat at 20870 while Nifty ends down 16 points at 6272. CNX Midcap, BSE Small cap were down nearly 1%. Midcap IT and Sugar Stocks perform in today’s session. In IT stocks, I-flex was up 8%, Mphasis was up 6.2%, Patni Computers was up 3.8%, Hexaware was up 2.8%. In Sugar stocks, Shree Renuka Sugars was up 12.9%, Sakthi Sugar was up 15.7%, Triveni Engineering was up 4.5%. BSE Oil & Gas Index was down 1.7%, in which RPL was down 6%, BPCL was down 5.5%, Essar Oil was down 3.3%, HPCL was down 2.6%.
BSE Auto Index was down 0.9%, in which Punjab Tractor was up 5.7% while M&M was down 2.5%. BSE Capgoods Index was down 0.7%, in which Siemens was up 2.1%, BHEL was down 2.5%, KEC Infra was down 4.7%. BSE Realty Index was up 0.6%, in which DLF was up 1.8%, HDIL was up 12.2%, Parsvnath was down 8%, Ansal Properties was down 3.5%. Other index gainers were NTPC, up 4.6%, HDFC, up 3.2%, GSK Pharma, up 3.2%. NSE Advance Decline ratio stood at 3:8. Total market turnover was at Rs 1.05 lakh crore vs Rs 1.21 lakh crore yesterday.
FNO Snapshot:
Nifty futures end at 12 points discount; added 17.26 lakh shares in OI. Unwinding continuous in momentum stocks/ curb stocks.
Long Build up in Sugar Stocks:
Shree Renuka Sugar was up 13%; added 2.5 lakh shares in OI
Bajaj Hindustan was up 4.5%; added 9 lakh shares in OI
Balrampur Chini was up 3.85%; added 4.5 lakh shares in OI
IT Stocks:
3i Infotech was up 9.2%; added 7.4 lakh shares in OI
i-flex was up 7.5%; added 75000 shares in OI
Nucleus Software was up 6.3%; added 20000 shares in OI
Long Build up was seen in:
NTPC, up 4.3%; added 21.9 lakh shares in OI
India Cement, up 3.7%; added 21.5 lakh shares in OI
Unwinding Pressure:
Parsvnath down 9.2%; shed 4.8 lakh shares in OI
RPL down 6.5%; shed 98 lakh shares in OI
Arvind Mills down 4.8%; shed 3 lakh shares in OI
GMR Infra down 3.55; shed 8.2 lakh shares in OI
IFCI down 2.7%; shed 27.5 lakh shares in OI
Fresh Shorts were seen in:
RNRL down 8.4%; added 15.5 lakh shares in OI
BPCL down 4.9%; added 2 lakh shares in OI
NSE F&O curb:
New in curb: Oswal Chemicals, RPL.
Already in curb: Adlabs Films, Aptech, Arvind Mills, Bongaigaon Refineries, GMR Infra, HOEL, Hotel Leela, IFCI, Ispat, IVR Prime, Nagarjuna Fertilizers, Parsvnath Developers, Rajesh Exports, SRF, TTML.
Out of curb: JP Hydro.
Total stocks in curb: 17.
Global markets today:
Asian markets rebounded from their early lows. Hang Seng was up 3.2%, Taiwan was up 3.4%, Korea was up 2.8%, Shanghai was up 1.6% from day's low. Continuous speculation about 50 bps cut by Fed. Gold touched an all time at $891/ounce during the day. Resource firms gained on a bounce back in crude oil and gold prices. In Taiwan, FIIs net sell in equities were worth $ 157 million in today’s trade (Prov). FIIs have sold $ 1.56 billion till now in the month of January in Taiwan.
