India Stock Market: Sensex Down 213.84 Points On Wednesday

Sensex(^BSESN)  down 213.84 points on Wednesday (October 21, 2009)
- Weak global cues add to the negative sentiment

Sensex fell 213.84 points or 1.2% to 17009.17
Nifty (^NSEI) fell 50.85 points or 1% to 5063.60.
Mid Cap fell 1.1%. Small Cap rose 0.2%.
BSE 500 fell 1.1%. Sensex losers: 24

Of 13 BSE Sectoral indices 10 posted losses
Advancers: 1177, Decliners: 1565, Unchanged: 92
Advance/Decline Ratio: 3:4

Sensex Day’s Range: 17248.69- 16997.86
Nifty Day’s Range: 5117.45 - 5051.65
52-Week Range: 17493.17- 7697.39
52 Week Change: (%) -2.8

Sensex gainers were: TCS +1.9%, Tata Power +1.6%, Bharti Airtel +1.2%, DLF +0.7%, Wipro +0.4% and NTPC +0.1%.

Sensex losers included Tata Steel -4%, JP Associates -3.6%, State Bank -3.2%, HDFC -3.1%, Hero Honda -2.9% and Tata Motors -2.9%.

Auto index tanked 2.4% led by Amtek Auto -6.2%, MRF -3.3%, Hero Honda -2.9%, Tata Motors -2.9%, Maruti Suzuki -2.6% and Bharat Forge -2.6%.

FMCG index fell 2.1% helped by Dabur India -3.1%, ITC -2.7%, United Spirits -2.3%, HUL -2.2% and Tata Tea -1.4%.

Bankex slipped 2% supported by Bank of Baroda -4.5%, Yes Bank -3.8%, IDBI Bank -3.4%, Indian Overseas Bank -3.3% and State Bank -3.2%.

Metal index dived 1.7% aided by Sesa Goa -7.9%, Tata Steel -4%, Welspun Gujarat -2.3%, SAIL -2.1% and Ispat Industries -2.1%.

Healthcare index declined 1.4% due to selling in Divis Labs -5.4%, Dishman Pharma -4.8%, Aurobindo Pharma -4.5%, Piramal Healthcare -4.2% and Lupin -2.7%.

Other sectoral losers were: Consumer Durables -1.2%, PSU -1.2%, PSU -1.2%, Oil & Gas -0.6%, Consumer Durables -0.5% and Power -0.4%.

The sectoral movers were: Realty +0.3%, Teck +0.04% and IT +0.03%.

Volume shockers on BSE:
Ispat Ind 11.93 million shares, Unitech 11.54 mln shares, GVK Power 7.52 mln shares and Polaris 5.65 mln shares

Turnover:
Total traded turnover stood at Rs 91,898.92 crore. This included Rs 17,981.61 crore from the NSE cash segment, Rs 67,936.99 crore from the NSE F&O and the balance Rs 5,980.32 crore from the BSE cash segment.

Buzzers:
Ajmera Realty +20% at Rs 289.40, Money Matters +20% at Rs 132.80, Softsol India +19.9% at Rs 67.40, International Combustion +17.4% at Rs 314.85, Elgi Equipments +17.3% at Rs 87.95 and India Glycols +17% at Rs 138.90.

Heavy Losers:
Trent (W) -18.8% at Rs 69, Ramco System -10% at Rs 100.90, Asian Granito -10% at Rs 63.25, Liberty Phosphate -10% at Rs 38.90, Vikas WSP -9.8% at Rs 29.50, Parle Software -9.4% at Rs 70.10 and Shree Ram Urban -9.3% at Rs 126.

Mixed trend in sugar:
Andhra Sugar, Dhampur Sugar, Dharani Sugars, Dwarikesh Sugar, EID Parry, Mawana Sugars, Oudh Sugar Mill, Shree Renuka, Simbhaoli Sugar, Upper Ganges and Uttam Sugar declined 2-4%.

However, Sakthi Sugars shot up 5%, as its Q3CY09 net profit shot up 1909% to Rs 43.4 crore and net sales increased 87% to Rs 415 crore (YoY). DCM Shriram Ind shot up 13.1% to Rs 169.35 on the BSE. India Glycols, which also has sugar division shot up 17% to Rs 138.90.

Airline stocks fly higher:
However, airline stocks witnessed buying interest with huge volumes. Jet Airways shot up 8% and SpiceJet up 10%. Kingfisher Airlines was up 1.7%.

Midcap Movers:
SKF India, Tata Investment Corp, Monnet Ispat and Marico gained 3-6.5%.

Midcap Losers:
Amtek Auto and Parsvnath fell 6%.

Smallcap Movers:
Ajmera Realty and Money Matters locked at 20% upper circuit. Elgi Equipments, India Glycols and Polaris went up 16-17%.

Smallcap Losers:
However, Vikas WSP, Shree Ram Urban, Banco Products and SRF lost 6-6-10%.

RBI may keep interest rate unchanged:
The Reserve Bank of India (RBI) may keep rates steady at its policy meet on Oct. 27, mainly on slower loan growth and also on political pressure due to uncertainties relating to the drought, HSBC said in a note on Wednesday

Asian Markets:
Asian markets also ended 0.3-0.7% lower.

European Markets:
European markets were trading: FTSE: -1.1%, DAX: -1%, CAC +1.3%.

Crude:
Crude was quoting at $78.20 a barrel.

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