Indian Stock Markets: Sensex Down 103.00 Points On Tuesday

Sensex fell 103.00 points or 0.6% to 17223.01
Nifty fell 27.35 points or 0.5% to 5114.45.
Mid Cap rose 0.1%. Small Cap rose 0.2%.
BSE 500 fell 0.5%. Sensex losers: 18

Of 13 BSE Sectoral indices 9 posted losses
Advancers: 1322, Decliners: 1471, Unchanged: 92
Advance/Decline Ratio: 9:10

Sensex Day’s Range: 17457.26- 17185.04
Nifty Day’s Range: 5181.95 - 5102.65
52-Week Range: 17493.17- 7697.39

Sensex losers included Mahindra & Mahindra -3%, Reliance Comm -2.9%, ONGC -2.5%, Reliance Industries -1.8%, Grasim -1.8% and HUL -1.8%.

Sensex gainers included Hindalco +4.7%, TCS +2.1%, Tata Steel +2.1%, JP Associates +2%, Wipro +1.9% and Maruti Suzuki +1.7%.

Oil & Gas index tanked 1.7% led by Essar Oil -4%, ONGC -2.5%, Reliance Ind -1.8%, Cairn India -1.7% and Aban Offshore -1.6%.

Consumer Durables index fell 1.5% helped by Titan Ind -2.6%, Gitanjali Gems -2.1% and Blue Star -2.1%.

Capital Goods index dropped 1.2% supported by Lakshmi Machine -4.3%, Kalpataru Power -4%, Suzlon Energy -3%, Crompton Greaves -3%, and Jyoti Structure -2.6%.

Healthcare index slipped 0.7% led by Bilcare -2.6%, Orchid Chem -2.6%, Sun Pharma -2.4%, Biocon -2%, Opto Circuits -1.7% and Divis Labs -1.3%.

Other sectoral losers were: Power -0.7%, Teck -0.4%, Bankex -0.4%, PSU -0.4% and FMCG -0.4%.

Realty index climbed 0.9% aided by Peninsula +2.3%, Mahindra Life +2.2%, Unitech +1.8%, Anant Raj Ind +1.6% and DLF +1.5%.

Metal index advanced 0.8% facilitated by+4.7%, SAIL +4%, Jindal Saw +3%, Tata Steel +2.1%, Ispat Ind +1.9% and JSW Steel +1.1%.

Other sectoral movers were IT 0.3% and Auto +0.2%.

Volume shockers on BSE:
Reliance Natural 15.07 million shares, GVK Power 9.61 mln shares and Unitech 8.83 mln shares

Turnover:
Total traded turnover was at Rs 96,659.06 crore. This included Rs 17,195.90 crore from the NSE cash segment, Rs 74,134.92 crore from the NSE F&O and the balance Rs 5,328.24 crore from the BSE cash segment.

Buzzers:
Sukhjit Starch +20% at Rs 116.40, Ajmera Realty +20% at Rs 241.20, Steelcast +20% at Rs 100, Pritish Nandy +20% at Rs 34.55, Xpro India +19.9% at Rs 33.50 and Uni Abex Alloys +17.9% at Rs 145.90.

Heavy Losers:
Trent (W) -19.1% at Rs 72, Ramc0 Systems -10% at Rs 112.10, Ken Financial -9.9% at Rs 38.50, Merck -9.4% at Rs 556.45, Natco Pharma -9.4% at Rs 120.25, Deepak Nitrite -9.1% at Rs 24 and Acrysil India -8.9% at Rs 119.90.

Sugar Stocks Buzz:
Sugar stocks were buzzing today. Cabinet passed resolution to replace sugar SMP (Statutory Minimum Price) with FRP (Fair & Remunerative Price), reports CNBC-TV18 quoting Sources. The government is proposing new FRP at Rs 135 against SMP of Rs 107.

Bajaj Hindusthan surged 8%. Balrampur Chini, Shree Renuka and Triveni Engg were up 3-5%. Andhra Sugar, Bannariamman, Dhampur Sugar, Dwarikesh Sugar, Oudh Sugar Mill, Rajshree Sugars, Sakthi Sugars, Simbhaoli Sugar, Upper Ganges and Uttam Sugar gained 1-4%.

Midcap Movers:
STC India, HCL Info, BF Utilities and Atlas Copco gained 6.7-8%.

Midcap Losers:
Dish TV India, J&K Bank, Kalpataru Power, EIH and Prism Cement fell 4-4.7%.

Smallcap Movers:
Ajmera Realty locked at 20% upper circuit. Shristi Infra, SRF, Oil Country and Century Enka went up 10-14%.

Smallcap Losers:
Merck, Natco Pharma, Sanwaria Agro, Arshiya Intl and Taj GVK Hotels slipped 5.5-9%.

India GDP growth pegged at 6-6.5%.
The Indian economy will expand at 6-6.5 percent in the year to March 2010, the prime minister said on Tuesday, despite uncertainty whether signs of a global recovery will lead to a return to a sustained growth path

Asian Markets:
Asian markets ended higher. Shanghai rose 1.5%. Nikkei, Hang Seng and Kospi were up 0.6-1%. Straits Times and Taiwan Weighted were flat in trade. However, Jakarta fell 0.7%.

European Markets:
European markets were trading: FTSE: +0.1%, DAX: +0.3%, CAC +0.3%.

Crude:
Crude was quoting at $79.38 a barrel.

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