Mumbai: The markets have recovered sharply from the early lows on the back of short covering taking place on the lower level. It has been extremely volatile session since opening on Thursday.
IT, oil and gas, banking and metals stocks have witnessed good amount of buying in the last half an hour of trade. However, realty, power and capital goods stocks were still trading under deep pressure.
At 10.54 hrs IST, the Sensex is down 75.41 points or 0.41% at 18527.21, and the Nifty down 11.30 points or 0.20% at 5549.75. About 898 shares have advanced, 2112 shares declined, and 58 shares are unchanged.
In the morning the markets started on a weak note and slipped further on the back of heavy selling witnessed across the sectors. Nifty slipped below the psychological level of 5500. Market breadth has collapsed further and on NSE, the advance decline ratio was nearly1:8.
At 10.40 am, the Sensex was down 129.02 points or 0.69 per cent at 18473.60, and the Nifty down 57.35 points or 1.03 per cent at 5503.70. About 777 shares have advanced, 2230 shares declined, and 61 shares are unchanged. BSE Midcap and smallcap indices were trading with deep cut of over 2 per cent.
FIIs has been selling heavily for past two trading session. According to the Kotak Securities, some unwinding is also happening on the old P-notes and yen carried trade. Yen has appreciated sharply and was quoting at about 109 against US dollar.
Hindalco, TCS and ICICI Bank were the top gainers among the Sensex stocks. However, Rel Energy, Rel Comm, NTPC among the sensex stocks which were trading in red.
RPL, Jindal Saw, Reliance, SBI and RNRL were some of the most active counters today. Varun Industries got listed today on the bourses at Rs 105 against its issue price of Rs 60.
Asian indices extended too declined on Thursday following Wall Street's sell-off. Japan's Nikkei slipped 0.40% or 59.75 points at 14,777.91, South Korea's Seoul Composite declined 0.25% or 4.51 points at 1,802.48, However, Hong Kong's Hang Seng rose 0.67% or 179.03 points at 26,797.22, Taiwan's Taiwan Weighted was up 0.08% or 6.80 points at 8,490.91 and Singapore's Straits Times climbed 0.08% or 2.83 points at 3,350.03.
The Dow Jones slipped 211 points at 12799 and Nasdaq down 34.7 points at 2562.15.
Market cues:
> FIIs net sell $265.8 million in equity on Nov 20
> MFs net buy Rs 138 cr in equity on Nov 20
> NSE F&O Open Interest down by Rs 2189 crore at Rs 1,05,812 crore
F&O cues:
>Futures Open Interest down by Rs 3090 cr,
>Options Open Interest up by Rs 901 crore
>Stock Futures shed 4.5 cr shares in Open Int
>Nifty Nov Futures add 18 lakh lakh shares in Open Int
>Nifty Dec Futures add 14 lakh shares in Open Int
>Nifty Nov at 21-point discount, Dec at 42-point discount
>Nifty Open Int Put-Call ratio slides below 1 at 0.97 Vs 1.10
>Nifty OI Put-Call ratio has fallen from 1.21 to 0.97 in 2 days
>Nifty Puts shed 4 lakh, Calls add 15 lakh shares in Open Int
>Nifty 5800 Put sheds 2.3 lakh shares in Open Int
>Nifty 5500 Put sheds 2.2 lakh shares in Open Int
>Nifty 5700 Call adds 5 lakh shares in Open Int
>Nifty 5600 Call adds 3.6 lakh shares in Open Int
Comments
0 comment