Indian markets make smart recovery during later part of the day ahead of RBI policy meet tomorrow. Indian markets outperforms Asian markets as Shanghai ends down 7.2%, Hang Seng ends down 4.2%. Sensex ends down 209 points at 18152.8; recovers nearly 700 points from day's low while Nifty ends down 109.2 points at 5274; recovers nearly 200 points from day's low. CNX Midcap Index end in the green; recovers over 5% from day's low while BSE Small-cap Index ends down 1.1%; recovers over 2% from day's low. Interest rate sensitives like bank, auto gain ahead of RBI policy meet tomorrow. BSE Bank Index was up 1.24%, in which PNB was up 2.5%, SBI was up 1.8% and ICICI Bank was up 1%. BSE Auto Index was up 1.72%, in which Bajaj Auto was up 8.8%, Maruti was up 3.7% and M&M was up 2.4%. BSE Realty Index was down 4.5%, ion which Unitech was down 6.7%, DLF was down 5.5%. Non-Index gainers were Zee News, up 16.8%, Gujarat NRE Coke, up 13.9%, GHCL, up 12.4%, Jindal Saw, up 7.7%. Among the mid-cap banks, DCB was up 7%, Syndicate Bank was up 5%, Yes Bank was up 4.7%, CBI was up 4.5%. NSE Advance Decline stood at 1:2.
FNO Snapshot:
Nifty Rollover was at 36% while Market wide rollover was at 25%. Rollovers subdued; limited to select large cap bank stocks.
Nifty witnesses’ short rollovers continue. Nifty Jan and Feb trade a steep discount through the day. Select Midcaps continue to see unwinding pressure. NSE F&O Tunover was at Rs 43395 crore vs Rs 39007 crore on Friday. Number of contracts rolled over significantly lower than last few expiries.
Fresh Long/Long Rollovers were seen in:
Misc: REL, Jindal Stainless, NIIT Tech, HOEC, IDBI
Banks: SBI, ICICI Bank, HDFC , Syndicate Bank, Yes Bank, Vijaya Bank, CBI, Union Bank, Allahabad Bank
Feb Buildup at lower levels:
NTPC, CESC, Carin, RPL, Bhaqrat Forge, GTL
Long unwinding was seen in:
Misc: RNRL, Aptech, Triveni Engineering, Lanco Infratech, Deccan Aviation, Ballarpur Industries, Shipping Corporation of India, Oswal Chemicals.
FNO Snapshot:
Nifty Rollover was at 36% while Market wide rollover was at 25%. Rollovers subdued; limited to select large cap bank stocks.
Nifty witnesses’ short rollovers continue. Nifty Jan and Feb trade a steep discount through the day. Select Midcaps continue to see unwinding pressure. NSE F&O Tunover was at Rs 43395 crore vs Rs 39007 crore on Friday. Number of contracts rolled over significantly lower than last few expiries.
Fresh Long/Long Rollovers were seen in:
Misc: REL, Jindal Stainless, NIIT Tech, HOEC, IDBI
Banks: SBI, ICICI Bank, HDFC , Syndicate Bank, Yes Bank, Vijaya Bank, CBI, Union Bank, Allahabad Bank
Feb Buildup at lower levels:
NTPC, CESC, Carin, RPL, Bhaqrat Forge, GTL
Long unwinding was seen in:
Misc: RNRL, Aptech, Triveni Engineering, Lanco Infratech, Deccan Aviation, Ballarpur Industries, Shipping Corporation of India, Oswal Chemicals.
Recovery:
| Name | LastPrice | Day's Low | Recovery (%) |
| Zee News | 70.45 | 48.25 | 46.01 |
| Guj NRE Coke | 125.4 | 101.6 | 23.43 |
| Kolte Patil Developers | 176.1 | 147 | 19.8 |
| Triveni Engg | 132.9 | 112.1 | 18.55 |
| Essar Oil | 234.6 | 198.3 | 18.31 |
| Ispat | 45.3 | 38.3 | 18.28 |
| DCB | 123.6 | 105.5 | 17.16 |
| GHCL | 140.2 | 121 | 15.87 |
| Punj Lloyd | 465 | 401.65 | 15.77 |
| Reliance Ener | 2097.45 | 1820 | 15.24 |
| Jindal Stainless | 161.2 | 140.5 | 14.73 |
| Voltas | 219.85 | 192.1 | 14.45 |
| Jaiprakash Hydro-Power Limited | 84.95 | 74.3 | 14.33 |
| Dena Bank | 74.1 | 65 | 14 |
| Hindustan Oil Exploration Co. Ltd | 115.45 | 101.55 | 13.69 |
| IDBI | 126.3 | 111.5 | 13.27 |
| Jindal Steel | 2349.25 | 2085.1 | 12.67 |
| UCO Bank | 63.3 | 56.2 | 12.63 |
| Central Bank Of India | 113 | 100.5 | 12.4 |
