Mumbai: The markets opened with decent gap up in line with its global peers on Tuesday but could not maintain the gains for long and turned choppy and traded flat through the day before ending flat.
Sensex ends with a modest loss but the Nifty managed to close in green. RBI also disappointed the markets by keeping the interest rates unchanged.
Analyst were strongly expecting little reduction in the rates which didnot happen and as a result the interest rate sensitive sectors like banking, realty and auto were badly hit. Banking and the realty stocks were severly hitm, however the FMCG, IT and oil & gas stocks traded firm through the day.
The market breadth remained very thin but positive and the volume was also truncated. The Sensex ended down 60.84 points or 0.34 per cent at 18091.94, and the Nifty closed up 6.70 points or 0.13 per cent at 5280.80. On BSE, about 1460 shares advanced, 1473 shares declined, and 56 shares remained unchanged. BSE midcap ended up 0.43% at 8021.24 and BSE smallcap was up 0.72% at 10377.67.
The BSE auto index ended down 0.05 per cent at 4923.74. Tube Investment, Bajaj Auto Hero Honda ended in red. BSE bankex was down 3.48 per cent at 11120.42. Bank O India, Canara Bank, IOB were were the top losers. BSE capital good index was down 0.90% at 16962.06. Punj Lloyd, Bharat Electronics and Reliance Infra were the top losers.
BSE realty index closed down 2.7% at 10401.07. Unitech, mahindra Life and HDIL lost maximum in the realty space. BSE FMCG index ended up 2.67% at 2205.71. Tata Tea, HUL, Nestle were the top gainers in thos space.
BSE IT index was up 1.93% at 3730.67. HCL Tech, Infosys, Wipro werethe top gainers in the IT sector. BSE metal index 0.63% at 15540.75. In the metal space, top gainers were Hindalco, JSW Steel, Tata Steel.
BSE oil & gas index was ended up 0.94% at 11181.77. Essar Oil, Reliance Petro and ONGC were the top gainers in this space. BSE power index ended up 0.6% at 3936.16. Suzlon, CESC and Torrent Power the top gainers.
Turnover today:
> BSE Cash - Rs 4783.07 cr
> NSE cash - 12071.47 cr
> NSE F&O - 56019.95 cr
> Total - 72874.49 cr
Markets snapshot:
> Markets end weak after falling from intra-day high on credit policy day
> RBI keeps Bank rate, Repo rate, Reverse Repo rate unchanged
> Sensex ends down 61 pts at 18092; swings 563 pts during the day
> Nifty ends up 6.7 pts at 5281; swings 166 pts during the day
> Interest rate sensitives like bank, realty and auto stocks hit the most as RBI keeps headline rates unchanged
> BSE Bank Index down 3.5%, ICICI Bk down 4.2%, SBI down 3.6%, HDFC Bank down 3.3%
> Realty stocks: Unitech down 5.6%, HDIL down 5.45%, Orbit Corp down 4.7%
> Auto stocks: Bajaj Auto down 3.5%, Eicher Motor down 1.4%, Hero Honda down 1%
> Index Gainers; Suzlon up 8.7%, Sun Pharma up 7%, Cairn India up 6.9%
> CNX Midcap Index down 0.36%; BSE Small Cap Index up 0.72%
> Midcap Buzzers: IVR Prime up 13%, NIIT up 11%, Great Offshore up 9.5%, Praj Ind up 8.8%, Guj NRE Coke up 8.5%
> NSE Advance Decline breadth improves; ends at 7:5
> Total market turonver improves compated to last 2-3 days; total mkt turnover at Rs 72,874 Cr Vs Rs 58,520 Cr
F&O updates:
> Turnover picks up; at 56019 cr vs 43396 cr yesterday
> Nifty Feb series trades at a steeper discount to Jan series
> Nifty witnesses aggressive rollover of short positions
> Cost of Carry for select stock futures is subdued on account of less aggressive long rollovers
> Strongest rolls seen in textile, cement and power space
> Significantly Lower Open Interest in stock futures to be rolled compared to last few expiries
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