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Sensex sheds 280 pts due to political turbulence

Monday, October 8, 2007

Markets on monday fell sharp. A huge sell off was seen in the markets due to political turbulence. Sensex ends down 282 pts at 17491 after seeing gap-up opening of 200 pts due to positive global cues. Nifty down 2% or 100 pts at 5085. BSE Metal Index down 3.7%; BSE Realty Index down 3.6%, BSE Oil & Gas Index down 3%. BSE IT Index up 0.63%; ahead of Infosys result on Thursday. NSE Advance Decline ratio at 1:10.Total market turnover at Rs 93037.97 cr Vs Rs 92157.42 cr on Friday

Currency movement:

Rupee appreciates by 15 bps at INR39.44/$ 1
Yen depreciates by 24 bps at Yen117.42/$ 1

Sep 18 - Oct 5
Indices Change(%) Today's Change(%)
BSE 100 13.13 -2.3
BSE 200 12.54 -2.47
BSE 500 11.92 -2.5
BSE Auto 9 -2
BSE Bankex 11.27 -2.35
BSE Cap Goods 13.5 -2.2
BSE FMCG 0.43 -1.2
BSE Healthcare 4.5 -3.1
BSE IT 8.09 0.5
BSE Metal 16.86 -4
BSE Oil & Gas 18.96 -3.5
BSE Sensex 13.43 -1.8
BSE Small-Cap 3.66 -3.4
CNX Midcap 8.08 -3.5
Nifty 14.07 -2.2





























F&O SNAPSHOT
Nifty futures basis ends flat and fluctuates mild premium and discount
Stock futures continue to see unwinding of long positions
Oil & Gas, Banking and Fertilizer witness major unwinding
IT only Index which witnesses combination of Fresh Longs and Short Covering

Biggest Losers:
Nagarjuna Fertilizer, Chambal Fertilizer, MRPL, Triveni Engg, Indus Ind Bank

Long Unwinding
TTML down 7%; shed 52.7 lakh shares in OI
JP Hydro down 10.6%; shed 47.5 lakh shares in OI
RPL down 5.5%; shed 44.5 lakh shares in OI
IFCI down 8%; shed 43.4 lakh shares in OI
Nag Fert down 11.5%; shed 23.5 lakh shares in OI

Long Unwinding
Stocks in F&O Curb: TTML, IFCI, Nagarjuna Fert, JP Hydro, Essar Oil
Oil & Gas: RPL, RNRL, Petronet LNG, GAIL,
Power: NTPC, Power Grid,
Sugar: Balrampur Chini, Bajaj Hind
FMCG: Dabur, ITC, HUL
Misc: DLF,ACC, Reliance Capital Ashok Let, IDBI, SAIL, , Oswal Chem
Banks: ICICI Bank, SBI, Dena Bank, Indusind Bank, Syndicate Bank, Vijaya Bank, Yes Bank

Posted by FR at 6:39 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.