Market Snapshot:
Markets end near day's low amid political noise through out the day
Oil stocks under pressure after profit booking in upstream cos and markeing/ refining cos hit on FM comment
FM not okay with sharing 57% of oil cos revenue loss; not looking at hiking auto fuel prices now
Sensex ends down 108 pts at 16753; slips 332 pts from day's high
Nifty ends down 55 pts at 4956; slips 110 pts from day's high
CNX MIdcap, BSE Small-cap ends flat
Oil & Gas Index down 2.5%; Cairn India down 8%, ONGC down 2.8%, BPCL down 2.4%, RIL down 2%
Metal stocks gain; Nalco up 6.5%, Hindalco up 2.9%, Tata Steel up 1%
Steel Secretary working on Cabinet proposal to mitigate export duty impact: Sources
MphasiS up 10% on back of expectations of open offer from HP
Buzzers; Rane Holding up 20%, LG Bros up 12%, Orchid Chem up 7.7%, Gwalior Chem up 5.4%
Losers; HOEC down 4.8%, Oswal Chem down 4%, Essar Oil down 3.9%, GMR Infra down 3.6%
NSE Advance Decline ratio at 1:1
Total market turnover at Rs 58431 cr Vs Rs 60102 cr on Monday
Total NSE F&O turnover at Rs 38108 cr Vs Rs 41000 cr on Monday
F&O Snapshot
Nifty futures ends at 7 pts discount after trading in premium for last 5-6 days
Nifty futures add 27.5 lakh shares in OI
Put writing witness at 4800, 4900 level
Unwinding of long positions seen in momentums stocks
Short covering seen in Orchid, BILT
Markets end near day's low amid political noise through out the day
Oil stocks under pressure after profit booking in upstream cos and markeing/ refining cos hit on FM comment
FM not okay with sharing 57% of oil cos revenue loss; not looking at hiking auto fuel prices now
Sensex ends down 108 pts at 16753; slips 332 pts from day's high
Nifty ends down 55 pts at 4956; slips 110 pts from day's high
CNX MIdcap, BSE Small-cap ends flat
Oil & Gas Index down 2.5%; Cairn India down 8%, ONGC down 2.8%, BPCL down 2.4%, RIL down 2%
Metal stocks gain; Nalco up 6.5%, Hindalco up 2.9%, Tata Steel up 1%
Steel Secretary working on Cabinet proposal to mitigate export duty impact: Sources
MphasiS up 10% on back of expectations of open offer from HP
Buzzers; Rane Holding up 20%, LG Bros up 12%, Orchid Chem up 7.7%, Gwalior Chem up 5.4%
Losers; HOEC down 4.8%, Oswal Chem down 4%, Essar Oil down 3.9%, GMR Infra down 3.6%
NSE Advance Decline ratio at 1:1
Total market turnover at Rs 58431 cr Vs Rs 60102 cr on Monday
Total NSE F&O turnover at Rs 38108 cr Vs Rs 41000 cr on Monday
F&O Snapshot
Nifty futures ends at 7 pts discount after trading in premium for last 5-6 days
Nifty futures add 27.5 lakh shares in OI
Put writing witness at 4800, 4900 level
Unwinding of long positions seen in momentums stocks
Short covering seen in Orchid, BILT
