Monday, July 14, 2008

Markets Today

Market Snapshot
Markets end in the red amid volatile session of trade
Sensex ends down pts 139 at 13330.5; Nifty down 9 pts at 4040
CNX Midcap Index down 0.35%; BSE Small Cap Index down 1.1%
Ranbaxy loses 10.7% on concerns that a probe by the U.S. FDA may hit sales significantly
Axis Bank down 5.7% even after the company reported stellar results, NII up 81% at 810 cr, Net profit up 89% at 330 cr
IT Stocks continue their losing streak; BSE IT Index down 6% Satyam down 7.8%;Infy down 7.2%;HCL Tech down 5.7% TCS down 3.4%;
BSE Bank Index down 1.23%; Axis Bank down 4.6%, HDFC Bank down 3.4%, SBI up 3%,PNB up 2.4%
BSE Metals Index up 1.5%; Sterlite up 3.7%,Tata Steel up 2.6%, Nalco up 2.5%; SAIL up 2.1%
BSE Oil and Gas Index up 1.1%; ONGC up 3.1%; Reliance Ind up 1.4%
Index Gainers: NTPC up 3.1%, HUL up 2.8%, Cipla up 2.2%; Reliance Infra up 2.1%, Ambuja Cem up 1.9%
Index Losers: Unitech down 3.8%, BHEL down 3.6%, ITC down 3.4%, Hindalco down 3.3%, HDFC down 3.2%
NSE Advance Decline at 1 : 2
Total F&O turnover at Rs 40,096 cr Vs Rs 50,150 cr
Total Market Turnover at Rs 54916 cr Vs Rs 67781 cr on Friday
New Listing: KSK Energy closes at Rs 191.7 Vs lisitng price of Rs 220 ((Issue Price Of Rs 240))
Nifty discount trims further; signs of more short covering pushes the discount to single digits
Nifty July 3700, 3800 and 3900 puts add OI; PCR inches up
Trading action increases on news driven stocks
Short covering seen in beaten down sectors
Huge Short Buildup seen in:Ranbaxy: Down 10%; 30% OI buildupAxis Bank: Down 4.6%; 50% OI buildup seen Satyam Comp and Infosys: both down around 7%; 15% OI buildup seen
Fresh Shorts:Banks: Axis Bank, Kotak Mah Bank, J&K BankIT: Infosys, Satyam, TCSMisc: ITC, Crompton Greaves, BHEL, NCC
Fresh Longs: Misc: SAIL, RNRL, Oswal Chem, Tata Motors, SBI
Short Covering:Power: NTPC, Power Grid, Reliance InfraMisc: DLF, Ambuja Cem, IDBI, Essar Oil , Balrampur chini, Banks: Allahabad Bank, Canara Bank


The information in this publication is provided by is intended for use for Readers & Traders . Every effort is made to provide accurate information, but cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.

free counter