Indices fall to levels of Feb 2010. Sensex falls below 16,000

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Indices fall to new low. Sensex falls below 16,000
The two major indices, Sensex and Nifty, reached touched new intra-day low as traders are squaring of their positions in today's trade to have a neutral position so as to kick-start a new stance from Monday after the speech of Fed chairman.

Sensex closed below 16,000, last time it traded at this level was during February 2010. The day's intra-day low was 15,765.53 and the index closed the day at 15,848.83. It witnessed a fall of 297 points representing 1.84%.

The S&P CNX Nifty also saw a fall of 1.90% to 4,747.80, it fell by 91.80 points. Its intra-day low was at 4724.60. This index too has not seen similar levels since February 2010.

Of the 13 sectoral index on th BSE, none managed to close on the positive side. BSE IT which fell the least was down by 0.35% to 4,736.63. The worst hit on the stock exchange was BSE realty that fell by 4.09%.

Defensive sectors such as Pharma and FMCG saw their sectoral indices fall by 1.17% and 2.05% respectively.

Of the Sensex stock, the Jai Prakash fell the most by 7.58%.

There were only three stocks that manged to close in on the positive. They were, Infosys (0.68%), Mahindra & Mahindra (1.2%) and Hero Moto Corp (2.7%).

The list of most traded stock in terms of value on the NSE was led by the State Bank of India which fell by 3.46%, followed by Infosys that gained 1.13%. And the most active stock on the in terms of sheer quantity on the exchange was Treehouse, Suzlon, KS oils, Unitech and Rcom.

4.34 p.m

Indices fall to new low. Sensex falls below 16,000

The BSE Sensex reaches new intra-day low, the broad index touched 15,959.00 showcasing a loss of 219.43 or a fall 1.36%. Meanwhile the 50-stock index, NSE Nifty too fell by 60.95 points signifying 1.26% to 4,778.65.

Among the sectoral indices of the Bombay Stock Exchange, only BSE IT and BSE Auto was in the positive territory. All other indices showed negative sentiment. The hardest hit was Realty with a fall of 3.26% showing a fall of 54.59 points. Then other sector hit was metal, down by 342 points (2.96%) at 11,229 level.

Of the sensex stocks, jaiprakash Associates fell the most with 5.81% followed by DLF (4.45%), Tata Steel (4.01%). Only six stocks of the 30 in the index showed positive movement, these were Bajaj Auto, BHEL, Bharti Airtel, Mahindra & Mahindra, Infosys and Hero Moto Co.

Top losers in the BSE Mid-Cap index were, MTNL (down 5.85%), Dish TV India (down 5.48%), IVRCL (down 5.43%), Videocon Industries (down 5.10%) and SKS Microfinance (down 4.99%).

Top losers in the BSE Small-Cap index were, Bodal Chemicals (down 12.42%), Ess Dee Aluminium (down 9.74%), Mercator Lines (down 7.78%), Pradip Overseas (down 7.64%) and Moser Baer India (down 7.61%).

2.43 p.m.

Markets on a downward decend. Sensex falls 74.83 point

NSE major index, S&P CNX Nifty has fallen by 21 points to 4818, representing a fall of 0.43%. Meanwhile the BSE Sensex too has taken to downward movement, it is being traded at near its day low of 16,070.48 signifying a downfall of 74.83 point or 0.46%.

Among the sensex stocks Infosys and TCS were the main leaders, Infosys got a boost in its arm as Goldman Sachs upgraded the stock for long-term performance. Bharti Airtel, ONGC and HDFC Bank too supported the index.

However, NTPC, SBI, Reliance Industries, ITC and DLF fell the most nearly 1-3.5%. Reliance Communications was the biggest loser as it lost as much as 5.5%.

Among the mid-cap space, Sun Pharma, ABG Shipyard, Bajaj Finance, J&K Bank and Bajaj Finserv gained as much as 2.5-4%. But then stocks like IVRCL, Dish TV India, KGN Industries, SKS Microfinance and MTNL lost 5%.

Meanwhile among the smallcap companies, Gokaldas Export, Advanta, Asian Hotel, Marathon Nextgen and Global Offshore increased by 5-9%. But then stock like Pradip Overseas, ESS DEE, AGC Networks, Bodal Chemicals and Moser Baer slipped 6-12%.

1.p.m.

Markets up in green. Sensex at 16,175 levels

The benchmark index on Bombay Stock Exchange, the Sensex opened with a downtrend reaching its low of 16,113.82 around 9.30 a.m. It is currently trading at 16,175.24 level up by 28.91 points representing 0.18% increase.

Meanwhile the other major benchmark S&P CNX Nifty also followed a similar trend as it fell on starting and then as the market progressed. The index touched its low at 9.26 a.m. of 4830 points. The index is trading up by 0.24% at the level 4851 by 11.45 points.

Its Asian peers are also showing a mixed response ahead of Jackson Hole meeting in US on Friday (August 26, 2011), where the Federal Reserve Chairman is expected to speak.

Stocks which have performed well in the opening leg of the market are PNB, HDFC, Kotak Mahindra Bank, Infosys, L&T, BHEL and Tata Motors.

Meanwhile following stocks have seen selling pressure on their counter. Reliance Capital, JSPL, SAIL, Tata Steel, Jaiprakash Associates, DLF and HUL.

The market breadth was mixed with 402 shares goinf up and 365 shares witnessing a decline on National Stock Exchange.

10.57 a.m.

Read more about: bse, sensex, nifty, markets
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