| Market in a nutshell § Key benchmark indices finished lower for the third straight week on negative global cues and subdued Q3 corporate earnings. Market slipped in three out of five trading sessions § The significant selling pressure forced BSE Sensex to close below 8,700 mark and NSE Nifty below 2,700 level. Nifty closed at 2,678 (down 36 points), while Sensex ended the day at 8,674 (down 139 points). § Nifty February Futures were trading at a discount of around 25-30 points to spot for major part of the session. § BSE Bankex Index slumped 4.1% to 4,484, with Axis Bank plunging 7.6% to INR 384. BSE Metal Index crashed 3.3% to 4,427, with Tata Steel down 7% to INR 166. § Market breadth was weak with an Advance: Decline Ratio of 1:2.7. § Satyam rallied 31.25% to INR 39 buoyed by reports the company is looking at roping in a strategic investor and iGate eyeing part stake, while United Spirits declined 15% to INR 479 extending losses for the second day amid buzz the company has pledged a huge number of shares with financial institutions to avail loans. § Cash volumes were at INR 117,843 mn (NSE+BSE) as against a 5 DMA of INR 104,030 mn. F&O volumes were at INR 368,099 mn as against a 5 DMA of INR 352,787 mn. Eye Catchers § Canara Bank plunged 14.7% to INR 174 with volumes of 11,891,895 (up 2250%). Market News n Rupee was stable trading at INR 49.26 against the dollar. n Nymex crude fell to trade at $42.89/bbl. Base metals were trading on a weak note. n Hindustan Construction Company bagged an order worth INR 27264.9 mn from the National Hydroelectric Power Corporation Ltd. n Crompton Greaves Q3 net at INR 1232.2 mn as compared to INR 827.1 mn in the same quarter a year ago. n Canara Bank Q3 net up 53% at INR 7010 mn. n Union Bank Q3 net up 84% at INR 672 mn as compared to INR 365 mn in the corresponding period a year ago. Indices performance
|
No comments:
Post a Comment