Friday 8 February 2008

Sensex dwn 62 pts at 17465. Nifty dwn 13 pts at 5120

Markets witness choppy session of trade. Sensex closed down 62 points at 17465. Nifty closed down 13 pts at 5120. CNX Midcap Index was down 1.7%, BSE Small cap Index was down 2.8%.

BSE It & Fmcg Indices buck the trend, BSE IT Index was up 3.6%; Satyam was up 4.9%, Infosys was up 4.5%, HCL Tech was up 5.4%, TCS was up 3.5%. BSE FMCG Index was up 2.3%; HUL was up 5%, ITC was up 2.6%. BSE Metals Index was down 3%; Nalco was up 2.6%, SAIL was down 4.6%, Sterlite was down 3.4%, Tata Steel was down 2.6%. BSE Realty Index was down 2.9%; Unitech was down 3.3%, DLF was down 3.5%. BSE Bank Index was down 2.1%; HDFC was down 5.3%, HDFC Bank was down 3.3%, ICICI Bank was down 2.9%. BSE Cap Goods Index was down 1.9%; L&T down 2.9%. Other index gainers were ONGC was up 2.4%, BPCL was up 2.3%, Bharti Airtel was up 2.1%. Other Index Losers were VSNL was down 6.6%, Zee Ent was down 6.2%, Tata Power was down 5.9%. Non Index Gainers were NIIT Ltd was up 6.5%, Rolta was up 5.8%, Network18 was up 5.2%, Bk of Rajasthan was up 4.7%, KEI Ind was up 4.2%, Aurobindo Pharma was up 4.2%, Asian Paints was up 3.5%.

Non Index Losers were GSPL was down 9.6%, Oswal Chem was down 7.3%, Kolte Patil was down 7%, Jindal Stainless was down 6.4%, Welspun Guj was down 6.4%, Aptech was down 6.3%, Adlabs was down 6%, JP Associates was down 6%. NSE Advance Decline is 1:5. Total Turnover at Rs 59,384 Vs Rs 61,429 Cr yesterday

F&O Snapshot
Future and Option turnover was low. Nifty Futures accounts around 45% of total F&O turnover. Nifty saw discount rising by the day end. Industry like Power, Realty stocks witnessed short buildup. Select stocks like IT, FMCG stocks witnessed long buildup. Unwinding was seen in Midcap Momentum stocks.

Short Builtup
Short were buildup in stcosk like Nagarjuna Fert which was down 5.7% adding 31.36 lakh shares, NTPC which was down 2.7% adding 12.8 lakh shares, JP Associates was down 5.6% adding 10.75 lakh shares, Neyveli Lignite was down 3.7% adding 6.5 lakh shares, Chambal Fert was down 5.5% adding 5.8 lakh shares, IDFC was down 2% adding 5 lakh shares.

Long Buildup:
Long Builtup was seen in stocks like Satyam Computer was up 5.2% adding 5.76 lakh shares, Infosys was up 4.6% adding 2 lakh shares, OBC was up 4.4% adding 1.14 lakh shares, MRPL was up 4% adding 4.6 lakh shares .

Stock Change Change
VSNL -16%
Zee Ent -11%
Maruti Suzuki -11%
SAIL -11%
ICICI Bank -10%
Hindalco -10%
Sterlite Ind -10%
Bajaj Auto -9%
Nalco -9%
HDFC Bank -8%
Grasim Ind -7%
HDFC -7%
Unitech -6%
Tata Motors -6%

Mid Cap Unwinding was seen in stocks like JP Hydro was down 3.5% sheding 7.23 lakh shares, CoC in discount, IFCI was down 1.6% sheding 8.7 lakh shares, RPL was down 2.3% Sheding 8.7 lakh shares, TTML was down 2.8% sheding 6.6 lakh shares, Oswal Chem was down 8% sheding 1.68 lakh shares.

Asian Markets
All major Asian markets closed other than Nikkei.Nikkei was down over 1.4%. Machinery orders were short of the forecast.

Europe
Julias Baer Group earnings beat street expectations.Alcatel-Lucent posted a loss of $ 3.74 billion Vs $890 million. Most of the loss is attributed to write down of wireless networks unit. Not going to pay any dividend this year. CAC, FTSE, DAX trading over 1% led by financials.

United States
Dow Futures are trading flat.

Data to watch out for
RBC CASH Consumer Attitudes & Spending by Households, Indicates financial situations