Sensex shuts shop below 17K
Vidrum / 15 Nov 2011
After trading in a narrow range through most of the day, Indian markets finally ended in the red, well below the 17K mark. European markets are also trading lower as Euro zone debt issues overshadow the markets. All the sectoral indices closed in the red with Realty, Capital Goods, Power, Bankex and Metals down by more than 2%.
| Benchmark Indices | ||
| Index | Closing | % Change |
| SENSEX | 16882.67 | -1.38 |
| NIFTY | 5068.5 | -1.55 |
| Hang Seng | 19348.44 | -0.82 |
| Nikkei | 8541.93 | -0.72 |
| Shanghai | 2529.76 | 0.04 |
| Live | ||
| FTSE | 5482.76 | -0.66 |
| DAX | 5886.75 | -1.64 |
| CAC | 3062.91 | -1.48 |
Asian markets were a mixed bag, with China ending flat in the green while Hong Kong and Japanese markets closing the day in red.
The Dow Jones Futures is currently trading 67 points or 0.56% down at 11993, indicating a negative sentiment in the US markets.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5,907.19 | -156.56 | -2.58 |
| SMLCAP | 6,461.38 | -184.11 | -2.77 |
| BSE-100 | 8,744.77 | -149.62 | -1.68 |
| BSE-200 | 2,048.14 | -36.94 | -1.77 |
| BSE-500 | 6,418.25 | -119.92 | -1.83 |
| Sectors | |||
| HC | 6,041.13 | -32.94 | -0.54 |
| IT | 5,748.92 | -34.18 | -0.59 |
| TECk | 3,487.23 | -30.52 | -0.87 |
| FMCG | 4,173.80 | -47.17 | -1.12 |
| OIL&GAS | 8,699.88 | -129.27 | -1.46 |
| AUTO | 8,808.55 | -148.06 | -1.65 |
| PSU | 7,108.28 | -128.31 | -1.77 |
| METAL | 10,824.37 | -202.77 | -1.84 |
| CD | 6,137.44 | -119.28 | -1.91 |
| BANKEX | 10,436.22 | -215.2 | -2.02 |
| POWER | 2,088.80 | -45.74 | -2.14 |
| CG | 10,208.81 | -291.11 | -2.77 |
| REALTY | 1,671.28 | -92.01 | -5.22 |
In the Sensex, realty heavyweights DLF and Jaiprakash Asso were down 7%. The metals stocks liek Jindal Steel, Tata Steel and Sterlite Industries were down in the range of 1.60 to 3%. Other stocks like Mahindra and Mahindra, ICICI bank, L&T, BHEL, Hero Motocorp were down more than 2%.
Today, the gainers list was short with only 3 stocks closing in the green. Post a strong show in Q2FY12, Cipla closed 6.33% higher at Rs 306.40. Tata Motors and HDFC Bank also closed higher.
Public sector oil Marketing companies like BPCL and HPCL closed 2% lower on reports of a rollback in petrol prices this week.
Ruchi Soya was down 3% at Rs 103.50, after reporting a dismal Q2FY12. Net Profit was down 94% to Rs 3.78 cr, even though sales jumped by over 60% to Rs 6075 cr.
Kingfisher Airlines continued yesterday’s gains and closed 2.34% higher at Rs 21.85. In a press conference, Chairman Vijay Mallya said that he has not asked the government for a bailout but wants the lenders to help with their working capital requirements.
The market breadth, indicating the overall health of the market, was negative. Out of 3290 stocks traded, 2532 declined while 657 advanced. A total of 101 stocks remained unchanged.
In conclusion, we at DSIJ expect the markets to remain volatile. Investors should closely watch key economic data including inflation and Euro zone GDP, which will provide cues for the market.
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