Tuesday, 4 March 2008

Sensex down 338 pts at 16340; Nifty down 89 pts at 4864

Glenmark establishes presence in Romania. The markets had choppy session of trade at the back of weak sentiment in the markets. Benchmark Indices closed below 200 DMA for second consecutive day. Sensex was down 338 pts at 16340 It swang nearly 590 pts. Nifty was down 89 pts at 4864 It swang over 163 pts. CNX Midcap Index was down 2.1%, BSE Small cap Index was down 3.1%.

BSE Auto and BSE Metal Index buck the trend; Both was up 0.3%, Maruti was up 3.7%, M&M was up 1.4%, Bajaj Auto was down 2.8%, Hindalco was up 5.3%, Sterlite was up 0.7%, Nalco was down 2.5%, BSE Realty Index was down 5.4%; Unitech was down 3.9%, DLF was down 5.1%, BSE Bank Index was down 3.9%; ICICI Bank was down 5.2%, PNB was down 5%, HDFC Bank was up 2.7%, SBI was down 2.4%. BSE Oil & Gas was down 2.4%; BPCL was down 6.6%, IOCL was down 3.4%, Reliance was down 2.7%, ONGC was down 2.6%. BSE Capital Goods Index was down 2.3%; L&T was down 3.6%, Punj Lloyd was down 2.4%, Siemens was down 1.4%, ABB was down 1.2%.

Other Index Gainers and Losers:
Other Index Gainers like Zee Ent was up 6.1%, HDFC was up 2.3%. Other Index Losers were stocks like Tata Power was down 5.5%, Cipla was down 5.4%, ACC was down 5.3%, RCom was down 5.1%, Suzlon was down 4.7%, ITC was down 4%.

Non Index Gainers and Losers:
Non Index Gainers were stocks like PNB Gilts was up 5.1%, Marico was up 4.6%, Polaris was up 3.4%, Sesa Goa was up 3.4%, Balrampur Chini was up 3.3%, Rolta was up 3.3%. Non Index Losers were stocks like Asian Electronics was down 13.6%, Bank of Rajasthan was down 12.5%, Mose Baer was down 9.6%, HDIL was down 9.5%, Yes Bank was down 9.3%, Lanco Infra was down 9%.NSE Advance Decline is 1:6. Total Turnover at Rs 60,929 Cr Vs Rs 54,430 Cr. Govt said that ICICI bank has mark to market loss of $ 264 Mn till Jan 31. The Stock had recovered over 4% finally closing down 5.2%.

Ranbaxy weighs options to launch generic Nexium "at risk" in the US in April; Stock ends down 0.5%, Suzlon estimates Rs 100 cr to retrofit S88 turnibes. The stock was down 4.7%.

F&O Snapshot
Total F&O Turnover at 40644 cr vs 36592 cr yesterday, Nifty added 13.53 lakh shares, Some Day end Short Covering; ends day at a 12 point discount, Oscillates between 20-40 point discount through the day, ICICI Bank was down adding 5.67 lakh shares, Fresh shorts seen post sub news, Short Buildup continued in most Large Caps.