Mumbai: It was another edgy session for the markets, bears again took a charge over bulls. Selling in technology, banking, realty, FMCG, metal and some oil stocks, has put pressure on the markets.
Weakness in Asian and European markets also fueled some negative sentiments across the board. The Nifty ended above 4400 and the Sensex below 14900 levels on Tuesday.
In the morning session, it had tried to pull back to some extent but as the day progressed, it has started slipping further and broken Tuesday's intraday lows as well on the back of selling in Asian and European markets.
But in the last half an hour of trade, markets have shown smart pullback though ended lower. The Nifty recovered nearly 80 points and the Sensex 243 points from day's low.
The Nifty had hit new 2008 low on Monday. On Tuesday, the Sensex touched 2008 low of 14,645.31 and breached August 2007 low of 14677 in an intraday trade.
It closed at 14,889.25, down 176.85 points or 1.17 per cent after hitting a high of 15,088.03. The Nifty hit a new 2008 low of 4369.80 in an intraday trade before closing the day at 4449.80, down 1.14 per cent or 51.15 points. Tuesday's Nifty closing is its new closing for 2008.
Turnover traded by the markets stood at Rs 72981.82 crore. This includes Rs 13788.37 crore from NSE Cash segment, Rs 53893.3 crore from NSE F&O and the balance Rs 5300.15 crore from NSE F&O segment.
On the global front, Asian markets took huge beating today after rumours that China may hike interest rates to curb inflation. Shanghai fell 7.7 per cent, Hang Seng 4.2 per cent, Nikkei 1.13 per cent and Taiwan 2.5 per cent.
European markets also started on a weak note and were trading lower at the time of writing market report. FTSE 100 was down 0.3 per cent, CAC 40 and DAX 0.8 per cent each.
Market cues:
- FIIs net buy $76.1 mn in equity
- NSE F&O Open Interest up by Rs 1,886 crore at Rs 73,562 crore
F&O cues:
- Futures Open Int down by Rs 918 crore, Options Open Int up by Rs 2,804 crore
- Nifty Futures add 6 lakh shares in Open Int, at 33-point discount
- Nifty Open Interest Put-Call ratio at 1.50 Vs 1.53
- Nifty Puts add 35 lakh shares in Open Interest
- Nifty Calls add 28 lakh shares in Open Interest
- Nifty 4200 Put adds 23 lakh shares in Open Interest
- Nifty 4400 Put adds 10 lakh shares in Open Interest
- Nifty 4100 Put adds 9 lakh shares in Open Interest
- Nifty 4600 Put sheds 10 lakh shares in Open Interest
- Nifty 4500 Put sheds 3.6 lakh shares in Open Interst
- Nifty 4500 Call adds 24 lakh shares in Open Interest
- Nifty 4700 Call sheds 12 lakh shares in Open Interest
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