Market unable to hold the 20000 mark slipped to 19783, down 194 points
The Nifty also closed at 5868 down 37 points
Reliance stocks on a Rampage closing at New high everyday.
The markets ended in red after a sharp run up in the past few sessions. It was an important day as RBI announced the credit policy. According to experts, markets will be unaffected by the the new credit policy as the credit policy was largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps it has maintained the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Mkt trades in red amid volatility post new credit policy
The market continue to witness volatility and are rangebound. It has been unaffected by the the new credit policy as the credit policy is largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps maintaing the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel are supportiing the markets. However, trading weak are PNB, M&M, TCS and Maruti Suzuki.
At 15.03 hrs IST, the Sensex is down 197.51 points or 0.99% at 19780.16, and the Nifty down 40.25 points or 0.68% at 5865.65.
About 1200 shares have advanced, 1786 shares declined, and 72 shares are unchanged.
The auto index is trading soft down 1.5%, bankex is trading flat with a negative bias.
BSE capital goods and metal indices are trading higher up over 1% each. Broader markets are trading absolutely flat.
Top gainers on the Sensex are BHEL up 4%, Reliance Energy up 5% and Larsen up 2.5%. On Nifty Reliance Petro up 7% and ABB is up 5%.
Top losers on the Sensex are Mah and Mah down 5%, Maruti Suzuki down 7% and HDFC down 2%.
Mkt trades in green post new credit policy: Cap goods up
The markets are trading in green amid volatlity. It has been unaffected by the the new credit policy as the credit policy is largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps maintaing the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
The auto index is trading soft down 1.5%, bankex is trading flat with a negative bias.
At 13.09 hrs IST, the Sensex is up 49.74 points or 0.25% at 20027.41, and the Nifty up 48.65 points or 0.82% at 5954.55.
About 1391 shares have advanced, 1585 shares declined, and 82 shares are unchanged.
The auto index is trading soft down 1.5%, bankex is trading flat with a negative bias.
BSE capital goods and metal indices are trading higher up over 1% each. Broader markets are trading absolutely flat.
At 12.05 hrs IST, the Sensex is down 53.37 points or 0.27% at 19924.30, and the Nifty up 12.25 points or 0.21% at 5918.15.
About 1320 shares have advanced, 1654 shares declined, and 84 shares are unchanged.
Top gainers on the Sensex are BHEL up 4%, Reliance Energy up 5% and Larsen up 2.5%.
Reliance Petro up 7% and ABB is up 5%.
Top losers on the Sensex are Mah and Mah down 5%, Maruti Suzuki down 7% and HDFC down 2%.
Most active shares on NSE are Reliance at Rs 2,827.90 with 4,509,526 shares, Reliance Petro at Rs 221.80 with 55,195,925 shares and Larsen & toubro at Rs 4,267.75 with 2,738,438 shares.
Market trades flat; unaffected by credit policy
The market trades flat with a bit of volatility but no turbulence, unaffected by the the new credit policy as the credit policy is largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps maintaing the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
The auto index is trading soft down 1.5%, bankex is trading flat with a negative bias.
BSE capital goods and metal indices are trading higher up over 1% each. Broader markets are trading absolutely flat.
At 12.05 hrs IST, the Sensex is down 53.37 points or 0.27% at 19924.30, and the Nifty up 12.25 points or 0.21% at 5918.15.
About 1320 shares have advanced, 1654 shares declined, and 84 shares are unchanged.
Top gainers on the Sensex are BHEL up 3.5%, Reliance Energy up 3% and Larsen up 1%.
Top losers on the Sensex are Mah and Mah down 6%, Maruti Suzuki down 6% and HDFC down 2.5%.
Most active shares on NSE are Reliance at Rs 2,827.90 with 4,509,526 shares, Reliance Petro at Rs 221.80 with 55,195,925 shares and Larsen & toubro at Rs 4,267.75 with 2,738,438 shares.
Mkts trading flat; Rel Energy, BHEL top gainers
The markets have given up all its gains after gap up opening and are now trading flat amid little volatility. Profit booking was witnessed on the higher level in the early trade today across the sectors. All the BSE key indices are trading in red except capital goods pack.
At 11.10 am, the Sensex is down 84.93 points or 0.43% at 19892.74, and the Nifty down 7.20 points or 0.12% at 5898.70. About 1390 shares have advanced, 1588 shares declined, and 80 shares are unchanged.
Markwet breadth has turned negative with over 470 stocks on the advancing side and over 640 stocks on the decline side. Rupee was quoting at 39.41 against US dollar.
Top gainers on the Sensex are BHEL at Rs 2,730 up 4.51%, Reliance Energy at Rs 1,780 up 3.38% and Larsen at Rs 4,401.05 up 2.89%.
Top losers on the Sensex are Mah and Mah at Rs 765.05 down 3.93%, Maruti Suzuki at Rs 1,165 down 1.97% and HUL at Rs 216.30 down 1.57%.
Most active shares on NSE are Reliance at Rs 2,827.90 with 4,509,526 shares, Reliance Petro at Rs 221.80 with 55,195,925 shares and Larsen & toubro at Rs 4,267.75 with 2,738,438 shares.
Markets open strong; cap good, banks up
The markets have opened on strong note today on account of heavy buying witnessed in the capital goods and banking stocks. Sensex opened way above 20,000 today and Nifty also inched up towards 60,00 level.
At 9:56 am, Sensex was up 260 points at 20103 and Nifty was up 60 points at 5966. Major gainers in the early trade were Rel Petroleum, ICICI Bank, HDFC bank, L&T, BHEL, Bharti Airtel, ONGC and Siemens.
Asian markets mostly declined today as investors locked in profits after a recent rally. Japan's Nikkei fell 0.70% or 117.44 points at 16,580.64, Taiwan's Taiwan Weighted was down 0.06% or 6.12 points at 9,803.76., Singapore's Straits Times plunged 0.36% or 13.78 points at 3,806, South Korea's Seoul Composite declined 0.46% or 9.47 points at 2,053.45. However, Hong Kong's Hang Seng rose 0.36% or 114.36 points at 31,701.26.
US markets: The Dow Jones Industrial Average gained 63.56 points, or 0.46%, to 13,870.26. The Standard & Poor's 500 index rose 5.70 points, or 0.37%, to 1,540.98, while the Nasdaq composite index gained 13.25 points, or 0.47%, to 2,817.44.
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