10:42 am: The markets are trading deep in red on heavy selling seen in scrips across sectors. Nifty went to 4550, it is down 200 points. Sensex is down over 700 points breaching 15,000. Sensex has crashed below 15,000; it is the lowest level since August 2007. India markets are the worst performers in Asia underperforming all Asian peers.
CNX Midcap is down over 3% and Nifty Junior is down 4.6%, the breadth is extremely negative. Volumes are very low and liquid stocks are getting hammered.
At 10.42 hrs IST, the Sensex is down 771.18 points or 4.89% at 14989.34, and the Nifty down 209.35 points or 4.41% at 4536.45.
About 579 shares have advanced, 2404 shares declined, and 72 shares are unchanged.
Realty stocks are leading the downtrend followed by power, capital goods, metal, IT.
JP Associates is down nearly 9%, in the BFSI space HDFC and Reliance Capital down over 7%, ICICI Bank down 5.5%. Realty stocks DLF and Unitech are down 6%.
It is a sea of red in metals space with SAIL, Tata Steel Hindalco are down over 5%.
Asian markets have recovered from lower level. Hong Kong's Hang Seng declined 4.17%, Japan's Nikkei fell 3.76%, Taiwan's Taiwan Weighted was down 1.75%, Singapore's Straits Times dropped 1.63% or 46.18 points and South Korea's Seoul Composite plunged 2.22%.
On Friday, Dow lost 194.65 points, or 1.60%, to 11,951.09 and the Nasdaq composite index declined 51.12 points, or 2.26%, to 2,212.49 on news that the New York Fed and J-P-Morgan chase will provide emergency funding to Bear Stearns to stave off liquidity problems arising from the credit crisis.
Bear Stearns top holding is Jaiprakash Associates is Rs 651 crore, followed by Opto Circuits, Havells India, Madhucon Project and S Kumars Nation.
10:05 am: Markets opened with a gap down tracking its Asian peers. Nifty went to 4550 but has clawed back towards 4600 mark, it is down 170 points. Sensex is down nearly 600 points at 15177. CNX Midcap is down over 3% and Nifty Junior is down 4.6%, the breadth is extremely negative. Volumes are very low and liquid stocks are getting hammered.
Realty stocks are leading the downtrend followed by power, capital goods, metal, IT.
At 10.05 hrs IST, the Sensex is down 655.91 points or 4.16% at 15104.61, and the Nifty down 181.10 points or 3.82% at 4564.70.
About 794 shares have advanced, 2186 shares declined, and 75 shares are unchanged.
JP Associates is down nearly 9%, in the BFSI space HDFC and Reliance Capital down over 7%, ICICI Bank down 5.5%. Realty stocks DLF and Unitech are down 6%.
It is a sea of red in metals space with SAIL, Tata Steel Hindalco are down over 5%.
Asian markets have recovered from lower level. Hong Kong's Hang Seng declined 4.17%, Japan's Nikkei fell 3.76%, Taiwan's Taiwan Weighted was down 1.75%, Singapore's Straits Times dropped 1.63% or 46.18 points and South Korea's Seoul Composite plunged 2.22%.
On Friday, Dow lost 194.65 points, or 1.60%, to 11,951.09 and the Nasdaq composite index declined 51.12 points, or 2.26%, to 2,212.49 on news that the New York Fed and J-P-Morgan chase will provide emergency funding to Bear Stearns to stave off liquidity problems arising from the credit crisis.
Market cues:
* FM says to reimburse banks in cash over next 4 years; to finance out of tax buoyancy
* FIIs net sell $42.8 m in equity
* MFs net sell Rs 380.6 cr in equity
* NSE F&O Open Interest up by Rs 1,260 crore at Rs 67,245 crore
F&O cues:
* Futures Open Interest up Rs 359 crore and Options Open Interest up by Rs 901 crore
* Nifty Futures shed 23 lakh shares in Open Interest, at 1-point premium
* Nifty Open Interest Put-Call ratio at 0.92 Vs 0.94
* Nifty Puts add 6 lakh shares in Open Interest
* Nifty Calls add 11 lakh shares in Open Interest
* Nifty 4500 Put adds 2.5 lakh shares in Open Interest
* Nifty 4400 Put adds 1.7 lakh shares in Open Interest
* Nifty 4800 Call adds 3.8 lakh shares in Open Interest
* Nifty 4900 Call adds 3 lakh shares in Open Interest
* Stock Futures Open Interest unchanged
CNX Midcap is down over 3% and Nifty Junior is down 4.6%, the breadth is extremely negative. Volumes are very low and liquid stocks are getting hammered.
At 10.42 hrs IST, the Sensex is down 771.18 points or 4.89% at 14989.34, and the Nifty down 209.35 points or 4.41% at 4536.45.
About 579 shares have advanced, 2404 shares declined, and 72 shares are unchanged.
Realty stocks are leading the downtrend followed by power, capital goods, metal, IT.
JP Associates is down nearly 9%, in the BFSI space HDFC and Reliance Capital down over 7%, ICICI Bank down 5.5%. Realty stocks DLF and Unitech are down 6%.
It is a sea of red in metals space with SAIL, Tata Steel Hindalco are down over 5%.
Asian markets have recovered from lower level. Hong Kong's Hang Seng declined 4.17%, Japan's Nikkei fell 3.76%, Taiwan's Taiwan Weighted was down 1.75%, Singapore's Straits Times dropped 1.63% or 46.18 points and South Korea's Seoul Composite plunged 2.22%.
On Friday, Dow lost 194.65 points, or 1.60%, to 11,951.09 and the Nasdaq composite index declined 51.12 points, or 2.26%, to 2,212.49 on news that the New York Fed and J-P-Morgan chase will provide emergency funding to Bear Stearns to stave off liquidity problems arising from the credit crisis.
Bear Stearns top holding is Jaiprakash Associates is Rs 651 crore, followed by Opto Circuits, Havells India, Madhucon Project and S Kumars Nation.
10:05 am: Markets opened with a gap down tracking its Asian peers. Nifty went to 4550 but has clawed back towards 4600 mark, it is down 170 points. Sensex is down nearly 600 points at 15177. CNX Midcap is down over 3% and Nifty Junior is down 4.6%, the breadth is extremely negative. Volumes are very low and liquid stocks are getting hammered.
Realty stocks are leading the downtrend followed by power, capital goods, metal, IT.
At 10.05 hrs IST, the Sensex is down 655.91 points or 4.16% at 15104.61, and the Nifty down 181.10 points or 3.82% at 4564.70.
About 794 shares have advanced, 2186 shares declined, and 75 shares are unchanged.
JP Associates is down nearly 9%, in the BFSI space HDFC and Reliance Capital down over 7%, ICICI Bank down 5.5%. Realty stocks DLF and Unitech are down 6%.
It is a sea of red in metals space with SAIL, Tata Steel Hindalco are down over 5%.
Asian markets have recovered from lower level. Hong Kong's Hang Seng declined 4.17%, Japan's Nikkei fell 3.76%, Taiwan's Taiwan Weighted was down 1.75%, Singapore's Straits Times dropped 1.63% or 46.18 points and South Korea's Seoul Composite plunged 2.22%.
On Friday, Dow lost 194.65 points, or 1.60%, to 11,951.09 and the Nasdaq composite index declined 51.12 points, or 2.26%, to 2,212.49 on news that the New York Fed and J-P-Morgan chase will provide emergency funding to Bear Stearns to stave off liquidity problems arising from the credit crisis.
Market cues:
* FM says to reimburse banks in cash over next 4 years; to finance out of tax buoyancy
* FIIs net sell $42.8 m in equity
* MFs net sell Rs 380.6 cr in equity
* NSE F&O Open Interest up by Rs 1,260 crore at Rs 67,245 crore
F&O cues:
* Futures Open Interest up Rs 359 crore and Options Open Interest up by Rs 901 crore
* Nifty Futures shed 23 lakh shares in Open Interest, at 1-point premium
* Nifty Open Interest Put-Call ratio at 0.92 Vs 0.94
* Nifty Puts add 6 lakh shares in Open Interest
* Nifty Calls add 11 lakh shares in Open Interest
* Nifty 4500 Put adds 2.5 lakh shares in Open Interest
* Nifty 4400 Put adds 1.7 lakh shares in Open Interest
* Nifty 4800 Call adds 3.8 lakh shares in Open Interest
* Nifty 4900 Call adds 3 lakh shares in Open Interest
* Stock Futures Open Interest unchanged
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