Indian Stock Market Wrap-up: Sensex Down 195.67 Points On Monday

Sensex fell 195.67 points or 1.4 to 14326.22
Nifty fell 62.20 points or 1.5% to 4313.60.
Mid Cap index fell 0.6%. Small Cap fell 0.3%.
BSE 500 was down 1.2%. Sensex losers: 23

Of 13 BSE Sectoral indices, 10 posted losses.
Advancers: 1114, Decliners: 1493, Unchanged: 68
Advance/Decline ratio: 3:2

Sensex Day’s Range: 14668.40 – 14269.77
Nifty Days Range: 4352.25 – 4221.90
52-Week Range: 15600.30 - 7697.39
52-week change: -8.2%

Sensex losers included Tata Power -4.9%, Grasim -4.6%, Reliance Infra -4.3%, Reliance Ind -4.3%, Hindalco -4.2%, Mahindra & Mahindra -3.8%, NTPC -3.6% and Ranbaxy -3.4%.

Sensex gainers were: ICICI Bank +1.8%, ITC +1.6%, Maruti +1.5%, L & T +1%, HDFC +0.3%, JP Associates +0.3% and BHEL +0.2%.

Oil & Gas index fell 3.3% led by Reliance Natural -4.7%, Reliance Petro -4.3%, Relaince Ind -4.3%, Cairn India -2.7% and GAIL -2%.

Power index tanked 2.5% helped by Tata Power -4.9%, GMR Infra -4.8%, Reliance Infra -4.3%, NTPC -3.6%, Rel Power -3.1% and Crompton Greaves -3.1%.

Metal index slipped 2.4% assisted by Nalco -4.8%, Jai Corp -4.3%, Ispat Ind -4.2%, Hindalco -4.2%, JSW Steel -3.4% and SAIL -3.2%.

Realty index dropped 2.3% supported by Puravankara Projects, Sobha Developers, Unitech, HDIL, Omaxe, Parsvnath, Orbit Corporation, DLF and Indiabulls Realty, which were down 2.2-4.7%.

Other sectoral losers were: PSU -1.7%, Consumer Durables -1.6%, Teck -1.4%, Auto -1.1%, IT -1% and Healthcare -0.7%.

Sectoral gainers were: FMCG +0.5%, Capital Goods +0.4% and Bankex +0.2%.

Volume Shockers on the BSE:
IFCI 42.68 million shares, Ispat Ind 15.80 mln shares, Suzlon 13.86 mln shares and Reliance Natural 12.64 mln shares.

Turnover:
Total traded turnover dropped to Rs 93, 277.58 crore as against Rs 1, 04,153.24 crore on Friday. This comprised of Rs 16,545.47 crore from NSE cash segment, Rs 71,601.05 crore from NSE F&O and the balance Rs 5,131.06 crore from BSE cash segment.

Buzzers:
Renaissance Jewellery +19.9% at Rs 38.60, Galaxy Multimedia +15.2% at Rs 29.90, Kiri Dyes +14.4% at Rs 233.35, Gruh Finance +12.6% at Rs 206.10, Man Aluminium +10.9% at Rs 36.50, Swiss Glasscoat +10% at Rs 34.10 and Kanani Ind +9.9% at Rs 606.10.

Heavy Losers:
Trinethra Infra -9.7% at Rs 28.85, Spectacle Ind -7.9% at Rs 46.95, Coromandel Fertilizers -7.8% at Rs 182.50, Royal Orchid -7.3% at Rs 59.50 and Savaera Hotels -6.9% at Rs 32.55.

ICICI Bank moves up:
Private-sector lender ICICI Bank ended 1.8 percent to Rs 726.90 after the Mint newspaper said the bank aimed to save up to $270 million in the current financial year that began in April by trimming sales agents and other costs.

McNally Bharat hits upper circuit of 5 pct:
McNally Bharat Engineering hit its upper limit of 5 percent at Rs 109.10 after the company said it won an order worth 306 million rupees from Paradip Port Trust in Orissa.

ABG Shipyard up on good results:
ABG Shipyard rose 3.3 percent to Rs 209.40 after the shipbuilder posted a 13 percent rise in quarterly net profit.

Cements drag:
Cement stocks like Shree Cements, Ultratech Cement, ACC, Ambuja Cements, Grasim and Prism Cement declined 2-4.8%.

Telecom shares fall:
In the telecom pack, MTNL, Tata Teleservices, Tata Communication, Reliance Communication, Idea Cellular and Bharti Airtel were down 1.6-5.4%.

Asian Markets:
Asian markets ended higher. Kospi gained 1.2% and Taiwan Weighted rose 1.8%. Shanghai Composite, Hang Seng and Nikkei went up 0.4-0.8%. However, Straits Times was down 0.3%.

European Markets:
European markets were quoting: FTSE 100 was +1.7%, the CAC 40: -0.1% and the DAX 30: -0.9%. HSBC, Barclays, Standard Chartered and Banco Santander were up 1.7-3 percent.

Crude:
Crude was quoting at $68.30 per barrel.

Concern:
The World Bank raised its growth forecast for India, but warned prospects for the global economy remained “unusually uncertain” and lowered its 2009 growth forecasts for most economies.

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