Indian Stock Markets: Sensex Down 200.88 Points On Friday As Statements From The Fed Towards Supporting The US Dollar Spoil Sentiments

Sensex fell 200.88 points or 1.2% to 16642.66
Nifty fell 57.05 points or 1.1% to 4945.20.
Mid Cap fell 0.7%. Small Cap rose 0.7%.
BSE 500 fell 0.9%. Sensex gainers: 10

Of 13 BSE Sectoral indices 12 posted losses
Advancers: 968, Decliners: 1792, Unchanged: 92
Advance/Decline Ratio: 3:5

Sensex Day’s Range: 16963.08- 16606.95
Nifty Day’s Range: 5032.60 - 4934.55
52-Week Range: 17195.61- 7697.39
52-week% change: -3.2

Sensex losers included Tata Motors -6.7%, Sterlite Ind -3.4%, Reliance Infra -2.9%, Grasim -2.6%, Mahindra & Mahindra -2.4% and Maruti Suzuki -2.4%.

Sensex gainers were: Bharti Airtel +2.5%,ONGC +1.4%, Reliance Comm +1.2% and HUL +0.1%.

Auto index fell 1.7% led by Ashok Leyland, Amtek Auto, M&M, Maruti Suzuki, Bharat Forge and Hero Honda declined 1.4-2.8%. Tata Motors plunged 6.66%, as the company diluted some stake. It raised $ 750 million via GDRs and bonds.

Bankex dropped 1.6% helped by PNB, SBI and ICICI Bank, which were down 2.3-3%. Axis Bank was down 1.6% and HDFC Bank down 0.7%.

Capital goods index fell 1.4% aided by ABB, Punj Lloyd, Siemens, BHEL and L&T, which fell 1-3%.

Power Index slipped 1.4% due to selling in Reliance Infrastructure, GVK Power, NTPC, Suzlon Energy and NHPC, which tanked 1-2.9%.

IT index tanked 1.4% assisted by Patni Computer -4.8%, Rolta -2.9%, Financial Tech -2.8%, Aptech -2.2%, Wipro -2.2% and TCS -2%.

Other sectoral losers were: Healthcare -1.1%, Metal -1.1%, PSU -0.9%, Realty -0.8%, Teck -0.4%, Oil & Gas -0.4% and FMCG -0.2%.

Consumer Durables was the only index, which appreciated 0.4%.

Volume shockers:
Pipavav Shipyard on 50.4 million shares, Unitech 10.6 mln shares and Ispat Industries 9.5 mln shares.

Turnover:
total traded turnover was at Rs 87,905.69 crore as against Rs 97,010.96 crore on Thursday. This included Rs 18,274.4 crore from the NSE cash segment, Rs 63,622.53 crore from the NSE F&O and the balance Rs 6,008.76 crore from the BSE cash segment.

Buzzers:
Ashiana Housing +20% at Rs 106.05, Modern India +19.8% at Rs 214.40, Natural Capsule +19.7% at Rs 38.85, Suashish Diamond +19.3% at Rs 362.40, EIH Associated +14.7% at Rs 120.85, Pioneer Distilleries +13.8% at Rs 56.80 and Taj GVK +13.8% at Rs 146.15.

Heavy Losers:
Novopan Ind -9.4% at Rs 46.45, High Energy Batteries -9.2% at Rs 129.05, Aeonian Pub -9% at Rs 186.40, Astavinayak -8.7% at Rs 58.45, Elnet Tech -8.5% at Rs 55.80, Halonix -8.4% at Rs 95 and KBS Capital -8.1% at Rs 26.10.

Midcap Movers:
Alfa Laval and EIH were up 12-13%. HT Media, Exide Industries and IBN18 Broadcast gained 4-6%.

Midcap Losers:
Asian Star, Patni Computer, Videocon Industries, United Breweries and Shipping Corp fell 4-6.5%.

Smallcap Movers:
Suashish Diamon and Modern India were up 20% each. EIH Associated Hotel, Taj GVK Hotels and Dewan Housing went up 11.7-14.7%.

Smallcap Losers:
Ashtavinayak, Halonix, Zenotech Labs and Vikas WSP lost 6-8.7%.

Telecom shares bounce back:
Telecom stocks bounced back after four days of fall. Bharti Airtel rose 2.5% and Reliance Communication up 1.2%. Tata Communication gained 0.6%.

Pipapav Listing:
Pipavav Shipyard witnessed selling pressure in the second half of the trade. It closed below the issue price on the first day of trading. It ended down 2.07% to Rs 56.80 as against its issue price of Rs 58 per share. Total BSE and NSE turnover of 13.15 crore shares was above the issue size of 8.5 crore shares.

Market this week:
Sensex and Nifty were nearly down 2.9% and 2.7% this week, respectively.

Infosys witness profit booking:
Shares in Infosys, valued at $28 billion, rose as much as 3.7 percent after the results but reversed gains to end down 1.5%, despite reporting better-than- expected numbers for Q2. It reported 0.85% rise in net profit to Rs 1,540 crore and 2.1% rise in revenues to Rs 5,585 crore in Q2. It also raised FY10 dollar EPS guidance by 5-6% to $ 2.09-2.10 per share.

The results from the No. 2 outsourcer showed that hard-hit clients were gradually loosening their purse strings, but a firming rupee is playing spoilsport for the $60 billion sector. The Indian currency’s 13 percent gain against the U.S. dollar since early March is a big dampener for the firm, which earns more than half its revenue from North America, while most of its expenditure is in rupees.

Mastek down 7.4 pct:
Mastek closed 7.4 percent lower at Rs 270.20 after it reported a nearly 36 percent drop in quarterly net profit.

Asian Markets:
Asian markets ended higher. Shanghai shot up 4.76% (it opened after a week holiday). Nikkei and Kospi gained 1.9% each. Taiwan Weighted was up 0.9%. Hang Seng and Straits Times were flat.

European Markets:
Europen markets were trading lower. FTSE: -0.1%, DAX: -0.1%, CAC -0.4%.

Crude:
Crude was quoting at $71.293 a barrel.

Concern:
There have been statements from the US-the Fed will do a bit towards supporting the dollar which is causing the nervousness in the market place at this point of time.

Barack Obama wins Nobel Peace Prize
U.S. President Barack Obama won the Nobel Peace Prize on Friday for giving the world “hope for a better future” and striving for nuclear disarmament, in a surprise award that drew both praise and criticism.

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