Markets end the day in red
Vidrum / 14 Nov 2011
Indian markets gave up all the morning gains, and finally ended in the red zone. European markets also gave up the initial gains and are trading in a very narrow range.
For India, the October inflation figures came in at 9.73%, against 9.72% (MoM). Among the sectoral indices, IT, Teck and Healthcare showed some strength and ended in the positive territory, while Realty, Power and Metal closed very weak, each down more than 2%.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 17118.74 | -0.43 |
| Nifty | 5148.35 | -0.40 |
| Hang Seng | 19508.18 | 1.94 |
| Nikkei | 8603.7 | 1.05 |
| Shanghai | 2528.71 | 1.92 |
| Live | ||
| FTSE | 5551.13 | 0.10 |
| DAX | 6066.7 | 0.16 |
| CAC | 3142.1 | -0.23 |
On the other hand, Asian markets remained firm and ended with good gains. The Nikkei, Hang Seng and Shanghai closed up in the range of 1-2% each.
Dow Jones Futures is currently trading 10 points or 0.08% up at 12122, indicating a neutral to positive sentiment in the US markets.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 6063.75 | -98.6 | -1.6 |
| SMLCAP | 6645.49 | -119.23 | -1.76 |
| BSE-100 | 8894.39 | -49.29 | -0.55 |
| BSE-200 | 2085.08 | -13.55 | -0.65 |
| BSE-500 | 6538.17 | -47.7 | -0.72 |
| Sectors | |||
| TECk | 3517.75 | 26.44 | 0.76 |
| IT | 5783.10 | 38.97 | 0.68 |
| HC | 6074.07 | 27.23 | 0.45 |
| FMCG | 4220.97 | -13.64 | -0.32 |
| BANKEX | 10651.42 | -35.55 | -0.33 |
| OIL&GAS | 8829.15 | -81.44 | -0.91 |
| CG | 10499.92 | -111.04 | -1.05 |
| PSU | 7236.59 | -96.77 | -1.32 |
| POWER | 2134.54 | -40.49 | -1.86 |
| AUTO | 8956.61 | -181.49 | -1.99 |
| CD | 6256.72 | -131.37 | -2.06 |
| METAL | 11027.14 | -243.24 | -2.16 |
| REALTY | 1763.29 | -46.24 | -2.56 |
Among the Sensex stocks, Mahindra & Mahindra took the most beating. The scrip was down 5.83% to Rs 789.50. Metals stocks like Tata Steel, Jindal Steel, Hindalco and Sterlite Industries were down in the range of 1.5%-4%. Other stocks like SBI, Tata Motors, Maruti Suzuki, and Tata Power closed lower by more than 2%.
Bharti Airtel continued firm trading throughout the day, and closed 2.35% higher at Rs 404.80. Other stocks like Hero MotoCorp, Sun Pharma, Infosys and HDFC Bank showed a positive sentiment and closed in the green zone.
Shree Renuka Sugar plunged 26% to Rs 38.40, after posting dismal Q4 September numbers. Earlier today, it made an intraday and 52-week low of Rs 36.
Kingfisher Airlines jumped 8.65% to Rs 21.35, ahead of the board meeting of the company which is being held today. The management is going to discuss on the company’s financial issues.
JSW Steel reported a net loss of Rs 669.32 cr for Q2 FY12. This was due to foreign exchange fluctuation, which resulted in a loss of Rs 662 cr, as well as the poor performance of its associate firm, JSW Ispat. The stock closed 2.34% down at Rs 656.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 9 | 21 | 0 |
| BSE 100 | 27 | 73 | 0 |
| BSE 200 | 47 | 153 | 0 |
| BSE 500 | 112 | 385 | 3 |
| Others | 753 | 1600 | 91 |
The BSE clocked a turnover of Rs 2346 cr, lower than Rs 2622 cr as on 11th November, 2011. The market breadth, which indicates the overall health of the market, was negative. Out of a total of 3274 stocks traded, 2232 declined, 948 advanced and a total of 94 stocks remained unchanged.
In conclusion, we expect the markets to remain volatile. Investors should closely watch key economic data, including inflation and the GDP of the Euro zone, which will further gives cues to the market.
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