Mkts slip as oil touches all time high

DestroyBoy

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posted on 18 years ago — updated on 1 second ago

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Mumbai: The markets ended the day in red due to weak global cues and rise in crude oil prices.

It was a day of weakness across global markets one of the reasons being rising crude oil prices, Nymex Crude touched all time high above $78 a barrel.

The Sensex saw a deeper cut as compared to some of its Asian and global peers and closed at 10,678.22 down 180.28 points.

But week on week basis the Sensex was up 1.6 percent due to the mid week rally propelled by excellent numbers by Infosys.

The Nifty closed at 3123 down 46 points.

The BSE Small Cap Index closed at 5,291.10, down 31.23 points.

The BSE Midcap Index ended at 4,354.08, down 32 points. All the BSE sectoral indices closed in red. Among the major laggards were metal and capital goods followed by auto, IT and health care.

Markets Today:

• Markets end weak in sync with other Asian market on crude hitting $ 78/bbl
• Sensex down 1.66 percent or 180.28 points at 10,678.22
• Nifty down 1.5 percent or 47.95 at 3121.35; slips below 3,100 during intra-day
• All BSE Sectoral Indices end in the red
• BSE Metal Index down 2.2 percent; Hindalco down 4 percent, SAIL down 2 percent
• BSE Capital Goods Index down 2 percent; L&T down 2.7 percent, BEML down 2.58 percent
• ZEE Telefilms hogs limelight; up 5.10 percent on TDSAT orders
• CNX Midcap Index down 0.80 percent or 30 points; Polaris up 10 percent
• BSE Small Cap Index down 0.59 percent or 31.23 points; Sonata Software up 14.5 percent
• NSE Advance Decline ratio at 3:5
• Total Market wide turnover at Rs 31134.63 cr Vs Rs 28278.59 cr

FIIs net sell Rs 910 crore (Rs 9.10 billion) in Nifty futures; Open Interest up by 30,605 contracts on July 13

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The BSE Metal Index was down 2.2 percent at 8,308.93. Hindalco, JSW Steel, Jindal Steel, Sesa Goa and SAIL witnessed selling pressure.

The BSE Capital Goods Index down 2 percent at 6,943.56. KEC Infrastructure, BEML, Crompton Greave, L&T and Siemens closed lower.

The Auto index closed at 4,540.29 down 1.8 percent. Tata Motors, Ashok Leyland, Sundaram-Clayto, Asahi India and Bajaj Auto closed lower.

The BSE Consumer Durables Index lost 1.7 percent at 2,754.99. BPL, Titan Industries, Blue Star and Su-Raj Diamonds lost ground

The BSE IT Index was down 1.6 percent at 3,934.59. Hexaware Tech, Satyam, I-Flex Solution, Mphasis BFL and Wipro moved down.

The BSE Health care index was down 1.5 percent at 3,118.21. Wyeth, Aurobindo Pharma, Ranbaxy Labs, FDC, Divis Labs and Aventis Pharma slipped.

The BSE Bankex was down 1.4 percent at 4,264.39. Bank of India, Bank of Baroda, Oriental Bank, HDFC Bank and Canara Bank were among the losers.

The BSE FMCG Index was down 1.3 percent at 1,965.23. Colgate, ITC, P&G and Nirma closed in red

The BSE Oil and Gas Index closed down 1.13 percent at 5,270.29. Kochi Refineries, GAIL, BPCL and HPCL were among the losers.

The NSE cash turnover was at Rs 4926.77 crore and the NSE F&O turnover was at Rs 23602.53 crore. The BSE cash turnover was Rs 2605.33 crore. Total market wide turnover was at Rs 31134.63 crore.

Markets this week:

• Markets shrug off Mumbai blasts, BoJ (Bank of Japan) interest rate hike; led by frontline IT stocks
• Sensex up 1.6 percent at 10678.22, Nifty up 1.5 percent at 3123.35
• BSE IT Index up 6 percent; TCS up 7.3 percent, Satyam, Wipro up 4 percent each
• BSE Oil & Gas Index up 2 percent; RIL up 4.6 percent
• BSE Capital Goods, FMCG Indices up over 1 percent each
• Cement stocks gain ahead of result; Guj Amb up 6.8 percent, ACC up 5.5 percent
• Index Gainers; Rel Comm up 10 percent, Cipla up 5.5 percent
• BSE Bank Index down 2.2 percent; HDFC Bank down 6.25, ICICI Bank down 3 percent
• BSE Auto Index down 2.1 percent; Hero Honda, Tata Mot Dn 4 percent, Bajaj Auto Dn 3.3 percent
• CNX Midcap Index ends flat; BSE Small Cap Index up 1 percent
• Sonata Software up 26.4 percent, D-Link up 24.7 percent, McDowell up 19 percent, Escorts up 16.6 percent