Mumbai: Continuing the downward rally of last week, the benchmark Sensex further slipped over 600 points on Monday to 15370 on Bombay Stock Exchange even as Nifty tumbled over 150 points in the early trade on extended lack of buying interest amid prevailing negative global cues.
Last week the key indices of the Indian bourses plunged over nine per cent and further in the opening session of this week, market plunged surprisingly, following the weak global cues after US employment data heightened fears of a US recession. The worries has knocked Asian markets lower, brokers opined.
On Monday morning, the markets opened lower mirroring weak cues across the globe and with heavy selling pressure across the sectors like capital goods, banking, power and realty.
All BSE indices were trading in the red. Market breadth was negative in morning trade. At 0957 am, the Sensex was down 483 points to 15,492.08 in the first five minutes of trade and the Nifty dropped by 136.95 points to 4,634.65.
Losers in largecaps are L&T (biggest loser on bourses), Unitech, Dr Reddy's Labs, Tata Power, Reliance Energy, Siemens, Tata Motors, Wipro, ABB and ICICI Bank.
Rupee is trading at around 40.64 per dollar, Nymex crude at USD 104.91 per barrel. Asian markets were tarding lower. Hong Kong's Hang Seng was down 1.41 per cent or 318.25 points at 22,183.08.
Japan's Nikkei plunged 1.74 per cent or 222.81 points at 12,559.99. Taiwan's Taiwan Weighted declined 2.66 per cent or 227.10 points at 8,304.28. Singapore's Straits Times fell 2.06 per cent or 58.94 points at 2,807.34. South Korea's Seoul Composite tumbled 1.86 per cent or 30.97 points at 1,633.
The US markets on Friday, were hammered yet again, pushing the Dow below the key psychological level of 12,000, after fed action to stem the credit crunch failed to offset the damage from February job losses seen as the most blatant sign yet of recession.
The Dow Jones ended 147 points down to close at 11,894, the Nasdaq ended 8 points lower to shut shop at 2,212, the S&P 500 closed down 10.97 points at 1,293.37.
Market cues:
> FIIs net sell $ 32.1 m in equity
> MFs net sell Rs 280 cr in equity
> NSE F&O Open Interest down by Rs 242 crore at Rs 64,889 crore
F&O cues:
> Futures Open Interest down by Rs 1,518 crore
> Options Open Interest up by Rs 1,276 crore
> Nifty Futures add 13.8 lakh shares in Open Interest, at 45-point discount
> Nifty Open Interest Put-Call ratio at 1.06 Vs 1.19
> Nifty Puts add 5.3 lakh shares in Open Interest
> Nifty Calls add 17.7 lakh shares in Open Interest
> Nifty 4700 Put adds 4.6 lakh shares in Open Interest
> Nifty 4600 Put adds 2.2 lakh shares in Open Interest
> Nifty 4900 Call adds 5.2 lakh shares in Open Interest
> Nifty 4700 Call adds 4.7 lakh shares in Open Interest
> Stock Futures shed 1.4 cr shares in Open Interest
Comments
0 comment