Mkts end in red after 5-day successive rallies

Markets halt their five days winning streak and closed in red. Prior to today's trading session Sensex has gained more than 2300 points in last five trading days. Selling pressure increased after Europe opened on weak note. IT, metal, power, capital goods, bank and FMCG indices were closed negative. However, oil & gas and realty stocks witness buying interest.

Markets are awaiting Inflation numbers and first quarter numbers Index heavyweight Reliance Industries. Inflation numbers for the week ended July 12 is likely to be more than 12% as against 11.91% in earlier week. According to CNBC-TV18, Reliance Industries' net sales are seen up 40% to Rs 41342 crore versus Rs 29524 crore. Its net profit is expected to go up 14.1% to Rs 4142 crore versus Rs 3630 crore.

The Sensex was down 165.27 points or 1.11% at 14777.01. It has touched an intraday high of Rs 15,130.09 and an intra day low of Rs 14,608.05.

The Nifty was down 43.25 points or 0.97% at 4433.55. It has touched an intraday high of Rs 4539.45 and an intra day low of Rs 4385.85.

Markets breadth was negative, about 1388 shares have advanced, 1562 shares declined, and 201 shares are unchanged.

Top losers on the bourses were TCS at Rs 802.75 down 6.49%, Tata Steel at Rs 631 down 5.4%, ACC at Rs 560.75 down 5.13% and Tata Power at Rs 1,047.75 down 6.82%.

However, top gainers on the bourses were NALCO at Rs 422.45 up 6.75%, Zee Entertain at Rs 220.60 up 5.12%, ONGC at Rs 1,027.25 up 3.25%, DLF at Rs 507.20 up 2.35% and Reliance at Rs 2,306.55 up 1.81%.

The BSE midcap and smallcap indices closed down 0.74% and 0.27% respectively

The BSE oil & gas index was up 1.43 % or 141.09 points at 10,005.68. RNRL, ONGC, BPCL, Cairn India, Reliance Ind and IOC gained.

The BSE realty index was up 0.49% or 5.53 points at 5,224.80. Phoenix Mills, Sobha Developers, Anant Raj Ind, DLF and Parsvnath moved up.

The BSE health care index closed flat 0.07% or 3.11 points at 4196.05. Divis Labs, Orchid Chemical, Lupin, Pfizer, GlaxoSmithKline, Biocon, Aurobindo Pharm and Dishman Pharma closed in green.

The BSE auto index was down 0.47 or 17.79 points at 3,750.39. Cummins, Hero Honda, Maruti Suzuki, Hind Motors, Bajaj Auto and Tata Motors slipped.

The BSE FMCG index was down 1.10% or 23.57 at 2,118.27. Ruchi Soya, Marico, United Spirits, HUL, Colgate and ITC slid.

The BSE bankex was down 1.79% or 130.37 points at 7,161.13. Yes Bank, PNB, Bank of Baroda, SBI, Bank of India, Oriental Bank, Union Bank and IOB lost 3-6%.

The BSE capital goods index was dwon 2.12% or 261.14 points at 12,078.63. Everest Kanto, Jyoti Structure, AIA Engineering, Astra Microwave, Praj Industries, Bharat Bijlee, BHEL, Alstom Projects and L&T slipped 2-6%.

The BSE power index was down 2.33% or 63.12  points at 2,643.99. Tata Power, Power Grid Corp, NTPC, GVK Power, Suzlon Energy, Torrent Power fell 2-7%.

The BSE IT index was down 2.86% or 106.69 points at 3,626.82. TCS, Tech Mahindra, Financial Tech, Infosys, HCL Tech, I-Flex Solution and Satyam plunged 2-6.5%.

The BSE metal index was down 3.07% or 400.65 points at 12,669.87. Jindal Steel, Tata Steel, Hind Zinc, Sesa Goa, SAIL, Guj NRE Coke and Sterlite Ind fell 2.5-6%.

Telecom stocks like Reliance Comm, Idea Cellular, Bharti Airtel, Tata Comm and TataTeleservice were down.

Total turnover stood at Rs 83214.40 crore. This includes Rs 17659.23 crore from NSE Cash segment, Rs 58129.42 crore from NSE F&O and the balance Rs 7425.75 crore from BSE Cash segment.

On the global front, European markets are trading negative. FTSE was down 0.56%, DAX down 1.12% and CAC down 0.82% (at 4 pm IST)

Market Snapshot

• Market snaps 5-day gaining streak; off days high on profit booking
• Sensex ends down 165 pts at 14777; slips nearly 350 from days high
• Nifty ends down 43 pts at 4433.5; slips nearly 100 from days high
• CNX Midcap & BSE Small cap Indices down around 0.25%
• BSE IT & Metal Indices end down 3%
• Tech losers; TCS down 6.7%, Infosys down 2.2%, HCL Tech down 2.3%
• Metals losers; Tata Steel down 5.5%, Sterlite down 2.8%, SAIL down 2.5%
• Bharti ends down 2%; announces result which were better than expectations however ARPU decline’s to Rs 350 from Rs 357
• BSE Oil and Gas Index up 1.5%; ONGC up 3.3%, RIL up 1.8%, BPCL up 2.5%, Cairn India up 1.7%
• BSE Bank Index loses after gaining 35% in last 6 sessions; ends down 1.8%
• Banking Losers: SBI down 4.2%, PNB down 5.3%, ICICI Bank down 1.2%
• Results Impact: Patni down 1%, Marico down 5%, UB Holdings up 14%, Hind Zinc down 3.7%, Cummins up 4%, ACC down 5%, NIIT Ltd down 2.5%, United Phos up 3%
• Nifty Gainers: Nalco up 6.8%, Zee Ent up  5%, DLF up 2.5%, Maruti up 1.8%
• Other Gainers: Kolte Patil up 20%, HMT up 19%, Champagne Indage up 18%, RCF up 16%, Selan Exploration up 15% 
• New Listing: Somi Conveyor lists at Rs 37.65 Vs Issue Price Rs 35; ends down 26% at Rs 25.9
• NSE Advance Decline Ratio at 3:5
• Total Cash Turnover at Rs 25,085cr Vs Rs 27,849.6cr
• Total F&O Turnover at Rs 58,129.4cr Vs Rs 68,010 cr
• Total Market Turnover at Rs 83,214.4cr Vs Rs 95,860.3cr

F&O Snapshot

• Nifty fut sees profit booking in todays trade; Premium narrows down to 10 points
• Nifty Rollover seen at 19%
• Sector specific action seen in Stock futures
• IT, Telecom & Steel stocks witness Fresh Short Build up
• Fertilizers stocks see fresh long build ups
• Telecom stocks see fresh short build up 
• Options Activity
  Nifty 4400 put adds 3.7 lakh shares
  Nifty 4000 call sheds 4.5 lakh shares
• Fresh Longs
  Fertilizers : Naga Fert, Oswal Chem, Chambal Fert
  Misc : RNRL,MTNL,ONGC 
• Fresh Shorts
  Telecom : Bharti, Rcom , Idea
  IT : Tcs, Infosys
  Misc: Tata Steel , Tata power, Pnb, Acc, Sbi 
• Short Covering
  GNFC
  Sobha Dev
  MRPL
• Long Unwinding
  R Power
  Essar Oil
  Star Acrolabs

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