Tuesday 12 February 2008

Sensex dwn 23 points at 16608; Nifty dwn 19 pts at 4838

Markets ended below 200 DMA for second consecutive day. Market breadth weakened through out the session with low volumes. Sensex was down 23 points at 16608 which swang about 400 pts in the session. Nifty was down 19 pts at 4838 which swang about 130 pts in the session. CNX Midcap Index was down 1.8%, BSE Small cap Index was down 2.8%.

BSE Oil & Gas and BSE Bank bucked the trend. BSE Bank Index was up 1.3%; PNB was down 1.9%, ICICI Bank was up 3.2%. BSE Oil & Gas Index was up 0.4%; Cairn was up 5.8%, Reliance was up 2.1%, GAIL was up 1.3%, IOCL was down 3.7%, RPL was down 3%. BSE Auto Index was down 1.6%; M&M was down 3.3%, Bajaj Auto was down 3.1%. BSE IT Index was down 1.5%; TCS was down 4.6%, HCL Tech was down 2.9%. BSE Realty Index was down 1.4%. Unitech was down 0.7%. BSE Capgoods Index was down 1.1%; L&T down 1.5%, BHEL down 1.4%.

Reliance Power ended second day at Rs 354 was down 4.8%. J Kumar Infra closed at Rs 103.35 Vs listing price of Rs 109. The Issue Price was at Rs 110.

Other Index Gainers & Losers:
Other Index Gainers were SAIL was up 1.4%, Bharti Airtel was up 1.2%, Zee Ent was up 1.1%. Other Index Losers were VSNL was down 6.9%, Nalco was down 4.1%, REL was down 3.9%, ACC was down 2.6%, NTPC was down 2.4%.

Non Index Gainers & Losers:
Non Index Gainers were Balaji Tele was up 6.7%, Axis Bank was up 6.4%, Sesa Goa was up 5.9%, Welspun-Guj was up 5.8%, Rel Cap was up 5%. Non Index Losers were TV18 was down 13.7%, Everest Kanto was down 13%, KS Oils was down 11.2%, Core Projects was down 10%, Zee News was down 8.4%. NSE Advance Decline is 1:5. Total Turnover at Rs 55,505 Cr Vs Rs 68,626 Cr.

F&O Snapshot:
Total F&O volumes continue to remain muted. Nifty accounts for 40% of total turnover. Short buildup seen in Nifty as it continues to trade at a deep discount. Power, Realty stocks continue to see short buildup. Momentum Mid Caps continue unwinding. Selective long buildup in Nifty Stocks.


Short Buildup
Short Buildup were seen in stcoks like Reliance Power was down 4.7% Addind 20.48 lakh shares, Punj Lloyd was down 4.4% Adding 2.14 lakh shares, Indian Hotels was down 4.5% adding 2 lakh shares, Reliance Comm was down 2.6% adding 1.76 lakh shares, Tata Steel was down 2.7%; Adding 1.73 lakh shares, GMR Infra was down 5.3% adding 1.7 lakh shares.

Long Unwinding:
Long Unwinding: was seen in stcoks like IFCI was down 1.6% sheding 12.28 lakh shares, RNRL was down 3.7% sheding 5.57 lakh shares, Power Grid was down 1.7% sheding 4.48 lakh shares. Balrampur Chini was down 7% sheding 3.79 lakh shares, Ispat Ind was down 3.9% sheds 3.52 lakh shares, MTNL was down 4.3% sheds 3 lakh shares.

Long Buildup:
Long Buildup DLF was up 1.33% adding 5.32 lakh shares, CoC in premium, Carin was up 4.7% adding 4.81 lakh shares, RIL was up 1.5% adding 2 lakh shares, ICICI Bank was up 3.4% adding 1.67 lakh shares, SBI was up 1.44% adding 1.42 lakh shares, Wipro was up 1.8% adding 1 lakh shares.