It has been a remarkable come back for the markets, after opening in deep red the markets ended the day in the positive terrain with significant gains.
The initial fall can be attributed weak global cues and approaching F&O expiry but heavy buying in banking and other index pivotals pulled back the markets.
The Sensex had slipped below 9900 level in the initial trade but bounced back to close at 10,215.37 up 129.46 points.
The Nifty finished at 2986 up 41 points.
The Asian indices opened in red but showed some recovery during the later part of the day and the European indices have also opened in the green
The BSE Small Cap Index closed at 4,758.26, down 56 points.
The BSE Midcap Index ended at 4,012.48, down 18 points.
About 1214 shares advanced, 1066 shares declined, and 78 shares were unchanged.
All the BSE sectoral indices closed mixed. Banking stocks were the star performers and led the rally.
The BSE Bankex was up 4.83% at 4,388.67. Bank of India, Bank of Baroda, UTI Bank, ICICI Bank and IOB made some very handsome gains today. .
The BSE IT Index was up by 1.7% at 3,808.97 moved up. Mphasis BFL, Wipro, Satyam and I-Flex Solution jumped
The BSE Oil and Gas Index rose 0.6% at 4,888.84. ONGC, Kochi Refinery, HPCL and Reliance advanced higher.
The BSE Auto Index added 0.6% at 4,213.18. Escorts, Sundaram-Clayto, Maruti Udyog, MRF and M&M closed in positive terrain.
The BSE Capital Goods Index was up 0.4% at 6,394.21. L&T, BHEL, Dredging Corp, Lakshmi Machine and Ingersoll Rand closed higher.
The BSE Health Care Index was down by 0.15% at 3,073.48. Pfizer, Nicholas Pirama, Novartis India, Cipla and Biocon were among the losers.
The BSE FMCG Index was down 0.4% at 1,842.83. Britannia, ITC, Nestle, Shaw Wallace and Nirma closed in red.
The BSE Metal Index was down 0.7% at 7,540.41. JSW Steel, Nalco, Welspun Guj, SAIL and Jindal Steel witnessed sellig pressure.
The BSE Consumer Durables Index was down 0.75% at 2,515.33. Su-Raj Diamonds, Titan Industries, BPL and Blue Star closed lower.
The NSE cash turnover was at Rs 5573.61 crore and the NSE F&O turnover was at Rs 30774.91 crore. The BSE cash turnover was Rs 2509.14 crore. Total market wide turnover was at Rs 38857.66 crore.
Markets Today
- Markets recover led by banking stocks
- Sensex up 1.28% or 129.46 points at 10215.37; swings 377.40 points during the day
- Nifty up 1.39% or 40.85 points at 2985.85; slips below 2,900 during the day
- BSE Banking Index up 4.83%; ICICI Bank up 6.22%; SBI up 3.44%
- BSE IT Index up 1.70%; Wipro, Satyam, TCS gains over 3% each
- CNX Midcap Index ends marginally lower; banking stocks gain, sugar stocks end down
- Vijaya Bank up 16.6%, ING Vysya up 12.8%, Syndicate Bank up 6.8%, Balrampur Chini down 8.3%
- BSE Small-Cap Index down 1.17%
- NSE Advance Decline ratio at 1:2
- Total market turnover at Rs 38857.66 cr Vs Rs 29283.9 cr on Friday
Sensex @ 1410 hrs
The markets have bounced back and are trading strong taking cues from recovering Asian markets. At 2:10 pm, the Sensex was up 81 points at 10,167.08 and the Nifty was up 22 points at 2967.
About 722 shares have advanced, 1471 shares declined, and 60 shares are unchanged.
Banking stocks are leading the rally with ICICI Bank being the star performer. The other gianers on the indices are HDFC Bank, ONGC and Wipro.
Among the major laggards were Hindalco, Cipla, Grasim and Tata Steel.
Heavyweights like HLL and Reliance have also moved in the green. HLL was trading at Rs 227.00 up 1.41% from its previous close of Rs 223.85 and Reliance was trading at Rs 970.80 up 0.34% from its previous close of Rs 967.55.
Sensex @ 1300 hrs:
The markets have shown a smart recovery and have moved in the green on account of buying in select banking and IT stocks. At 1:00 pm, the Sensex was trading at 10,164.64 up 78.73 points. The Nifty was trading at 2965 up 20 points.
The Asian indices have also shown some recovery and are off their day's low. The European indices have opened in green.
About 605 shares have advanced, 1481 shares declined, and 58 shares are unchanged.
BSE sectoral indices are trading mixed. Banking stocks have seen a significant run up followed by select IT stocks.
The major gainers on the indices were ICICI Bank, HDFC Bank, Satyam, ONGC, PNB and Oriental Bank.
Among the major laggards were Hindalco, Cipla, Ranbaxy Labs, Tata Steel, NALCO, SAIL and BPCL.
Sensex @ 1205 hrs:
The markets have shown some recovery and are off their day's low. At 12:05 pm, the Sensex was trading at 10,064.16 down 21.75 points and the Nifty was trading at 2934 down 10 points.
About 467 shares have advanced, 1523 shares declined, and 47 shares are unchanged.
The major laggards on the indices were Hindalco down 2.95%, Tata Steel down 2.83%, Bajaj Auto down 2.67% and Cipla down 2.36%.
Banking stocks are providing support at the lower level. ICICI Bank up 5.89%, HDFC Bank up 2.93%, Satyam up 2.23%, SBI up 1.75% were the major gainers.
However FMCG majors are still in red, Hindustan Lever was trading at Rs 220.20 down 1.63% from its previous close of Rs 223.85 and ITC was trading at Rs 163.45 down 2.24% from its previous close of Rs 167.20.
Sensex @ 1110 hrs:
The markets continue to trade at the lower levels on the back of heavy selling in scrips across sectors. At 11:10 am, the Sensex was trading at 9,967.91 down 118 points and the Nifty was trading at 2908 down 36 points.
About 287 shares have advanced, 1445 shares declined, and 34 shares are unchanged.
The major losers on the indices were Bajaj Auto, Tata Steel, NTPC, Hindalco, NALCO, BPCL and ABB.
Among the few gainers on the indices were ICICI Bank, Satyam, Dr Reddys Labs and PNB.
Heavyweight Hindustan Lever was trading at Rs 217.35 down 2.9% from its previous close of Rs 223.85.
Index heavyweight Reliance was trading at Rs 948.55 down 1.96% from its previous close of Rs 967.55.
Tech major Infosys was trading at Rs 1,583.00 down 1.28% from its previous close of Rs 1,603.50.
Cigarette major ITC was trading at Rs 162.30 down 2.93% from its previous close of Rs 167.20.
Refinery major HPCL was trading at Rs 208.00 down 3.1% from its previous close of Rs 214.65.
Sensex @ 1000 hrs:
The markets opened weak in line with its Asian peers. At 10:00 am, the Sensex was down 135 points at 9951 and the Nifty was down points 43 at 2903.
Asian markets were trading weak; Nikkei is down 1.5%, Taiwan is down 1.5% and Kospi is down 1.5% Hang Seng was down 82.90 points or 0.50% and Straits Times also slipped 0.47%.
The FIIs have been net sellers in the equity to the tune of USD 69.8 million and the MFs were net sellers to the tune of Rs 80 crore (Rs 800 million) in equity on July 20.
On the F&O front, Futures Open Interest down by Rs 315 crore (Rs 3.15 billion), Options Open Interest up by Rs 687 crore (Rs 6.87 billion) and Nifty Futures add 7 lakh shares in total Open Interest. Nifty July discount at 8 points, August discount at 37 points.Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
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