Market slump | Rs 6-trillion loss | Udayan's view | Blog

Mumbai: The markets closed in red but showed remarkable recovery and were off the lows.

It was yet another scary session, which opened with circuit down, and the markets were shut for an hour then recovered a bit after opening but continued to witness some wild swings.

However, markets got some buying support towards the end with some positive cues of recovery in European markets. The Finance Ministry has ruled out foul play in the stock market.

Nifty ended down 310 points recovered nearly 450 points from the day's low. NSE Advance:Decline ratio was at 1:18; which was as bad as 1:87 at one of time.

Sensex closed down 850 points, it recovered over 1400 points from the day's low.

Bharti Airtel, Infosys, Reliance Energy, Idea, SBI, Nalco and Sesa Goa were among the stocks providing support at the lower levels.

ITC, M&M, Ambuja Cements, Hero Honda, ONGC, Sun Pharma, Ranbaxy are the top losers. The other losers were Tata Steel, Satyam, PNB, Maruti, Cipla and HUL. Markets show remarkable recovery: Sensex recovers 1600 pts

The markets are again showing smart recovery with Sensex recovering nearly 1600 points from the day's low. Nifty has recovered 500 points from the day's low.

Europe has also shown good recovery and FTSE is trading in green.

Sensex has bounced back and is up over 17,000 mark. The NSE Advance:Decline ratio at 1:30. Nifty after breaching 4500 mark is trading above 4900 levels.

Idea had a smart pullback and is up two per cent, SBI up over one per cent, Nalco is up four per cent, Sesa Goa up seven per cent.

At 1450 hrs IST, the Sensex is down 652.68 points or 3.71 per cent at 16952.67, and the Nifty down 247.65 points or 4.75 per cent at 4961.15.

About 219 shares have advanced, 2724 shares declined, and 39 shares are unchanged.

ONGC, Sun Pharma, Ranbaxy are the top losers down over nine per cent each. Tata Steel, Satyam, PNB, Maruti, Cipla and HUL were the top losers among the index counters.

However, Bharti Airtel, GAIL, Infosys, Suzlon, Grasim were providing some support at the lower levelsCarnage in markets: Sensex down 9.5 per cent; Nifty down 11 per cent

The markets have slipped again and Sensex is down 9.5 per cent and Nifty is down 11 per cent. Europe has opened in deep red.

It has opened with a sharp cut, CAC is down 6.8 per cent, DAX is down five per cent, FTSE down three per cent. The NSE Advance:Decline ratio at 1:40.

At 1418 hrs IST, the Sensex is down 1,667.82 points or 9.47 per cent at 15937.53, and the Nifty down 489.70 points or 9.40 per cent at 4719.10.

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About 203 shares have advanced, 2741 shares declined, and 38 shares are unchanged.

Tata Steel, Satyam, PNB, Maruti, Cipla and HUL were the top losers among the index counters. However, Bharti Airtel, GAIL, Infosys, Suzlon, Grasim were providing some support at the lower levels.

BSE Smallcap index was down over 12 per cent. Major losers in the smallcap space were Adlabs Films down over 27 per cent, IFCI down over 24 per cent, Bajaj Hindustan down 23 per cent, Peninsula Land down 23 per cent, Core Projects down over 20 per cent.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34 per cent, Ispat Industries at 31.20 down 28.77 per cent, Chennai Petro at 210.50 down 27.77 per cent, Triveni Engg at 83.50 down 26.91 per cent, Sterlite Techno at 170.00 down 25.96 per cent and CESC at 380.10 down 25.74 per cent.Market show remarkable recovery: Sensex down seven per cent

The markets have shown remarkable recovery Sensex has recoverd nearly 1200 points and Nifty is up 300 points from the day's lo

Nifty after 4500 mark is trading above 4700 levels.

The NSE Advance:Decline ratio at 1:26. Nifty is down 400 points and Sensex down 1000 points. Sensex is down nearly seven per cent and Nifty is down eight per cent.

Europe has opened with a sharp cut CAC is down 6.8 per cent, DAX is down five per cent, FTSE down three per cent.

At 1333 hrs IST, the Sensex is down 1,264.06 points or 7.18 per cent at 16341.29, and the Nifty down 466.50 points or 8.96 per cent at 4742.30.

About 204 shares have advanced, 2745 shares declined, and 33 shares are unchanged.

Bharti Airtel, GAIL, Infosys, Suzlon, Grasim are providing the support at the lower levels.

Suzlon Energy is the only Nifty stock trading in green.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40 per cent sheding two third of its market cap along with Oswal down 41 per cent. Sterlite is down 45 per cent.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70 per cent, Cipla at 172.10 down 9.64 per cent, Ambuja Cements at 115.95 down 8.81 per cent, ITC at 186.50 down 8.29 per cent.

BSE Smallcap index was down over 12 per cent. Major losers in the smallcap space were Adlabs Films down over 27 per cent, IFCI down over 24 per cent, Bajaj Hindustan down 23 per cent, Peninsula Land down 23 per cent, Core Projects down over 20 per cent.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34 per cent, Ispat Industries at 31.20 down 28.77 per cent, Chennai Petro at 210.50 down 27.77 per cent, Triveni Engg at 83.50 down 26.91 per cent, Sterlite Techno at 170.00 down 25.96 per cent and CESC at 380.10 down 25.74 per cent.

PAGE_BREAKMarkets recover: Sensex recovers 900 pts; above 16K

The markets have shown some recovery. Sensex has recoverd nearly 900 points and Nifty is up 300 points. Nifty after 4500 mark is trading above 4700 levels.

The NSE Advance:Decline ratio at 1:47. Nifty is down 400 points and Sensex down 1200 points.

At 1236 hrs IST, the Sensex is down 1,355.99 points or 7.70 per cent at 16249.36, and the Nifty down 438.60 points or 8.42 per cent at 4770.20.

About 200 shares have advanced, 2745 shares declined, and 37 shares are unchanged.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40 per cent sheding two third of its market cap along with Oswal down 41 per cent. Sterlite is down 45 per cent.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70 per cent, Cipla at 172.10 down 9.64 per cent, Ambuja Cements at 115.95 down 8.81 per cent, ITC at 186.50 down 8.29 per cent.

BSE Smallcap index was down over 12 per cent. Major losers in the smallcap space were Adlabs Films down over 27 per cent, IFCI down over 24 per cent, Bajaj Hindustan down 23 per cent, Peninsula Land down 23 per cent, Core Projects down over 20 per cent.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34 per cent, Ispat Industries at 31.20 down 28.77 per cent, Chennai Petro at 210.50 down 27.77 per cent, Triveni Engg at 83.50 down 26.91 per cent, Sterlite Techno at 170.00 down 25.96 per cent and CESC at 380.10 down 25.74 per cent.Blood on trading floor: Sensex down 10 per cent; Nifty down 11 per cent

It has been an absolute mayhem and bloodshed on the Dalal street. After hitting the the down circuit the markets opened with some recovery. But this recovery was short lived as markets slipped again near the day's low. Nifty is down 14 per cent and the NSE Advance:Decline ratio at 1:76. Nifty is down 600 points and Sensex down 2000 points.

It has been the biggest intra day fall and Nifty has breached 4500 mark.

Stock Futures have shed over 6 crore in open interest. RNRL has seen an open interest cut of 1.1 crore, Ispat 60 lakh crore, RPL 59 lakh and IFCI 62 lakh.

At 1211 hrs IST, the Sensex is down 1,946.58 points or 11.06 per cent at 15658.77, and the Nifty down 745.55 points or 14.31 per cent at 4463.25.

About 202 shares have advanced, 2741 shares declined, and 38 shares are unchanged.

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40 per cent sheding two third of its market cap along with Oswal down 41 per cent. Sterlite is down 45 per cent.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70 per cent, Cipla at 172.10 down 9.64 per cent, Ambuja Cements at 115.95 down 8.81 per cent, ITC at 186.50 down 8.29 per cent.

BSE Smallcap index was down over 12 per cent. Major losers in the smallcap space were Adlabs Films down over 27 per cent, IFCI down over 24 per cent, Bajaj Hindustan down 23 per cent, Peninsula Land down 23 per cent, Core Projects down over 20 per cent.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34 per cent, Ispat Industries at 31.20 down 28.77 per cent, Chennai Petro at 210.50 down 27.77 per cent, Triveni Engg at 83.50 down 26.91 per cent, Sterlite Techno at 170.00 down 25.96 per cent and CESC at 380.10 down 25.74 per cent.

PAGE_BREAKMarkets slide again: Nifty at day's low, Midcap index down 17 per cent

The markets are sliding again Nifty down four per cent and Midcap index down 17 per cent. Stocks across indices and sectors are nosediving.

All Nifty stocks are in red. The markets are again at the lows of the day just when we thought that we were recovering. Nifty is trading at the day's low at 4500 mark and NSE Advance:Decline at 1:75.

Stocks are down between 40 per cent-50 per cent, Reliance Energy down 30 per cent, RNRL down 48 per cent, IFCI, Nagarjuna Fert down 40 per cent.

At 1140 hrs IST, the Sensex is down 1,636.47 points or 9.30 per cent at 15968.88, and the Nifty down 418.50 points or 8.03 per cent at 4790.30.

About 216 shares have advanced, 2728 shares declined, and 37 shares are unchanged.

Among the frontliners the top laggards are DLF at Rs 816.00 down 9.70 per cent, Cipla at 172.10 down 9.64 per cent, Ambuja Cements at 115.95 down 8.81 per cent

ITC at 186.50 down 8.29 per cent.

On NSE advance decline ratio was 1:88. Midcap, power, realty, metal and oil & gas stocks were the worst hit counters during this mayhem. All these indices were trading with a huge cut of over 10 per cent. Realty index was down over 14 per cent.

BSE Smallcap index was down over 10 per cent. major losers in the smallcap space were Adlabs Films down over 27 per cent, IFCI down over 24 per cent, Bajaj Hindustan down 23 per cent, Peninsula Land down 23 per cent, Core Projects down over 20 per cent.

In the absolute mayhem and bloodshed Neyvelli Lignite is down 40 per cent sheding two third of its market cap.

NSE top losers JaiprakashHydro trading at 60.15 down 30.34 per cent, Ispat Industries at 31.20 down 28.77 per cent, Chennai Petro at 210.50 down 27.77 per cent, Triveni Engg at 83.50 down 26.91 per cent, Sterlite Techno at 170.00 down 25.96 per cent and CESC at 380.10 down 25.74 per cent.Market recovers significantly

The markets have recovered significantly after an hour of halt on the back of down circuit it hit in the opening move.

They have recovered basically on account of Finance Miniter's assurance of enough liquidity in the economy. Sensex and Nifty were down over seven per cent.

Most of the index stocks were still trading in deep red. Market breadth was in negative but has improved from its morning levels.

On NSE advance decline ratio was 1:25. Midcap, power, realty, metal and oil & gas stocks were the worst hit counters during this mayhem. All thes indices were trading with a huge cut of over 10 per cent. Realty index was down over 14 per cent.

At 1113 hrs IST, the Sensex is down 1,078.20 points or 6.12 per cent at 16527.15, and the Nifty down 425.15 points or 8.16 per cent at 4783.65.

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About 238 shares have advanced, 2709 shares declined, and 34 shares are unchanged.

Top gainers on the Sensex are Bajaj Auto at Rs 2,200 up 6.57 per cent, Wipro at Rs 447 up 1.64 per cent and Ranbaxy Labs at Rs 365 up 0.50 per cent.

Top losers on the Sensex are DLF at Rs 820 down 9.26 per cent, Grasim at Rs 2,750 down 9.09 per cent and Reliance Energy at Rs 1,640 down 7.66 per cent.Markets hit lower circuit; trading stopped for an hour

It seems that pain is not yet over and the markets once again opened on extremely disappointing note after yesterday's catastrophic meltdown. Cues from the Asian markets added more pain to our markets.

Sensex and Nifty both opened with over 10 per cent cut and hit the lower circuit and the trading got halted for one hour only fourth time in Indian history.

Sensex opened down 9.75 per cent or 1716.41 points at 15888.94 and Nifty was down 12.10 per cent or 630.45 points at 4578.35. Sensex so far was down 25 per cent and Nifty 28 per cent from its all time high.

Major losers in the opening trade were ICICI bank, RPL, RNRL, NTPC, Rel Comm, RIL, SAIL, Unitech, Infosys.