Markets Continues To Face Bloodbath - Sep 15, 2008

Indian Markets continues to face bloodbath and ignore the fall in crude oil as sentiment is completely bearish today. The US financial sector turmoil is crushing the domestic markets. NSE Nifty is trading below 4,100 level and BSE Sensex is around 13,400 mark. BSE Mid cap and Small Cap are trading with deep cut of more than 5%. Reality stocks lost approx 10%. Apart from that, Capital Goods, Bank, Metal, Reality and Oil & Gas stocks are major sufferers of negative sentiment. Among the Sensex pack, all 30 stocks are trading in red.

On the global front Lehman Brothers is going to file for bankruptcy protection in US today. Along with that AIG is a bigger concern for the markets as facing liquidity crunch and seeking $40 billion loan from Federal Reserve to raise capital. Crude oil for October delivery declined $2.13 to $99.05 a barrel on the New York Mercantile Exchange after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast.

At 1.32PM, the BSE Sensex is trading lower by 586.55 points at 13,414.26 and NSE Nifty is down by 206.00 points at 4,021.55.

The BSE Mid Cap and Small cap are trading lower by 301.41 points and 371.68 points at 5,235.73 and 6,339.86 respectively.

Losers from the BSE are Reliance Infra trading down by (9.29%) at Rs843.00 in line with Satyam Comp by (8.99%) at Rs370.00, DLF Ltd by (7.38%) at Rs433.35, JP Associates by (6.89%) at Rs146.70, Reliance Com Ltd by (6.60%) at Rs365.35, Sterlite In by (6.57%) at Rs455.10, Ranbaxy Lab by (6.31%) at Rs425.30 and ONGC (6.24%) at Rs959.00.

The BSE Capital Goods index is trading down by 594.57 points at Rs11,242.01 as Walchand Industries is trading lower by (10.36%) at Rs243.10 followed by Praj Industries (8.96%) at Rs159.95, Reliance Indus Infra (8.38%) at Rs773.05, Siemens Ltd by (7.55%) at Rs480.70 and Jyoti Struct (7.06%) at Rs112.50.

The BSE Metal index is trading lower by 576.88 points at Rs10,304.54 as NMDC Ltd is trading down by (9.71%) at Rs252.00 along with Ispat Indus (8.52%) at Rs20.35, Welspan Gujarat Sr (8.38%) at Rs280.00, Jindal Steel by (7.18%) at Rs1,472.30 and Gujarat NRE C (7.16%) at Rs75.90.

From the telecommunication sector, Idea Cellular is trading down by (8.48%) at Rs76.10 along with Tata Communications by (7.33%) at Rs395.50, Reliance Com Ltd down by (6.57%) at Rs365.60 and Bharti Airtel by (1.91%) at Rs764.00.

In auto sector Tata Motors is down by (5.89%) at Rs388.80 followed by Hero Honda Motors lower by (2.50%) at Rs817.00, M&M Ltd down by (1.48%) at Rs540.05 and Maruti Suzuki by (0.05%) at Rs703.00.

From cement sector Grasim Indus is trading lower by (4.01%) at Rs1900.00, followed by Ambuja Cement down by (3.64%) at Rs76.85 and ACC Ltd by (3.38%) at Rs572.05.

Satyam Computers is trading lower by (8.99%) at Rs370.00 after a report that the company may fire about 9% of its employees along with deepening credit crisis in the U.S. that will force clients to reduce orders further

Markets Continues To Trade In Negative - Sep 10, 2008

Indian Markets continues to trade in the negative after a weak opening on unfavorable global cues. Though markets struggled to recover but were not able to sustain the momentum and slipped further on sustained selling pressure. Metal, Oil & Gas, Capital Goods and Bank stocks led the declines, while IT stocks marginally advanced. Among the Sensex pack, 10 stocks are trading in green, while 20 are in red.

At 1.30PM, the BSE Sensex is trading lower by 152.88 points at 14,747.88 and NSE Nifty is down by 40.64 points at 4,428.05.

The BSE Mid Cap and Small cap are trading lower by 44.97 points and 17.20 points at 5,733.22 and 6,947.41 respectively.

Losers from the BSE are Sterlite In trading down by (10.07%) at Rs517.70 in line with Tata Steel by (4.43%) at Rs539.40, Tata Power by (2.81%) at Rs1,056.00, ICICI Bank Ltd by (2.22%) at Rs697.00, Reliance Infra by (2.14%) at Rs1,048.00, HDFC Bank Ltd by (2.13%) at Rs1,265.55, Reliance by (2.09%) at Rs2,098.05 and Maruti Suzuki (1.44%) at Rs698.00.

The BSE Metal index is trading lower by 465.28 points at Rs11,335.90 as Sterlite In is trading down by (10.20%) at Rs516.95 along with Gujarat NRE C (5.44%) at Rs81.75, Steel Authority (5.44%) at Rs141.75, Jindal Steel by (5.35%) at Rs1,703.90 and JSW SL (4.64%) at Rs682.00.

The BSE Oil & Gas index is down by 109.88 points at Rs9,773.28. Scrips trading lower are IOC Ltd (2.89%) at Rs421.50 followed by Reliance by (2.09%) at Rs2,098.05, BPCL (1.91%) at Rs346.50, Essar Oil Ltd (1.37%) at Rs197.55 and Aban Offshore by (1.01%) at Rs2,362.00.

From the telecommunication sector, Idea Cellular is trading up by (2.17%) at Rs87.25 along with Reliance Com Ltd tradign higher by (0.16%) at Rs406.00. However, Bharti Airtel is trading down by (0.88%) at Rs829.55 and Tata Communications by (0.11%) at Rs446.00.

In auto sector Hero Honda Motors is up by (1.62%) at Rs842.45 while Maruti Suzuki is lower by (1.62%) at Rs696.55 followed by M&M Ltd down by (0.53%) at Rs579.25 and Tata Motors by (0.37%) at Rs419.00.

From cement sector ACC Ltd is trading higher by (1.98%) at Rs609.75, followed by Grasim Indus up by (0.72%) at Rs2,042.80 and Ambuja Cement by (0.36%) at Rs83.95

Markets Continues To Trade Lower - Sep 4, 2008

Markets are trading lower as investors are taking calculative steps ahead of inflation number for the week ended 23rd August 2008 due to be released today evening. Indian Markets opened on negative note and was showing some sign of recovery after mid session but slipped further to extend its losses. Selling pressure is mainly contributed by Metal, Oil & Gas, Reality and Capital Goods stocks. However some buying is visible in IT, Pharma and Auto stocks. Among the Sensex pack, 23 stocks are declining and 7 stocks are advancing.

At 1.31PM, the BSE Sensex is trading at 14,825.48 lower by 224.37 points and NSE Nifty is down by 68.10 points at 4,435.90.

The BSE Mid Cap is trading lower by 17.46 points at 5,819.55 and Small Cap is down by 7.42 points at 6,974.97.

Lossers from the BSE are Sterlite In trading lower by (3.86%) at Rs612.00 in line with HDFC Bank Ltd by (3.13%) at Rs1,299.40, ONGC by (2.98%) at Rs1,068.75, HDFC by (2.94%) at Rs2,373.15, Reliance by (2.63%) at Rs2,155.25, Reliance Infra by (2.40%) at Rs1,016.70, HUL by (1.78%) at Rs242.60 and Ranbaxy Lab (1.74%) at Rs481.80.

The BSE Metal index is trading lower by 204.47 points at Rs12,177.18 as Sterlite In is trading down by (3.86%) at Rs612.00 along with Hindustan Zinc by (3.73%) at Rs567.00, Gujaat Nre C by (2.98%) at Rs100.85, JSW SL (2.93%) at Rs737.00 and Steel Authority (2.79%) at Rs150.00.

The BSE Oil & Gas index is trading lower by 181.64 points at Rs9,844.32. Scrips trading down are ONGC (2.91%) at Rs1,069.50 followed by Reliance by (2.47%) at Rs2,158.80, Essar Oil Ltd (2.10%) at Rs214.85, Reliance Nat Res (2.03%) at Rs94.30 and Reliance Pet by (0.75%) at Rs158.60.

From the telecommunication sector, Tata Communications is trading up by (1.85%) at Rs436.05 while Idea Cellular is trading down by (1.38%) at Rs82.30 followed by Reliance Com Ltd by (1.32%) at Rs339.60 and Bharti Airtel by (0.90%) at Rs827.10.

In auto sector Hero Honda Motors is up by (3.45%) at Rs889.70 followed by Maruti Suzuki by (2.22%) at Rs680.00, while Tata Motors is trading lower by (1.42%) at Rs423.70 and M&M Ltd is down by (0.20%) at Rs584.25.

From cement sector Ambuja Cement is trading higher by (2.52%) at Rs83.50, followed by ACC Ltd up by (1.12%) at Rs593.40 and Grasim Indus by (0.86%) at Rs2,018.00.