India Stock Market: Sensex Down 70.31 Points On Monday

Sensex (^BSESN) fell 70.31 points or 0.4% to 16740.50
Nifty (^NSEI) fell 26.15 points or 0.5% to 4979.90.
Mid Cap fell 1.8%. Small Cap fell 1.3%.
BSE 500 fell 0.9%. Sensex losers: 16

Of 13 BSE Sectoral indices 10 posted losses
Advancers: 992, Decliners: 1743, Unchanged: 67
Advance/Decline Ratio: 5:9

Sensex Day’s Range: 16398.88- 16706.08
Nifty Day’s Range: 5033.75 - 4961.35
52-Week Range: 17493.17- 7697.39
52 Week Change: (%) -4.3

Sensex losers included DLF -5.4%, JP Associates -3.5%, Hindalco -3.1%, Reliance Comm -2.8%, Reliance Infra -2.4%, State Bank -2.1% and Reliance -1.6%.

Sensex gainers included Tata Motors +1.9%, Tata Steel +1.8%, ITC +1.8%, HDFC +1.7%, NTPC +1.2%, Sun Pharma +1% and Grasim 1%.
Realty index fell 4.6% led by Unitech -6%, DLF -5.4%, Orbit Corp -4.7%, Indiabulls Realty -4.5%, Omaxe -4.2% and Peninisula Land -4.2%.

Capital Goods index slipped 2.7% aided by Punj Lloyd -16.5%, Havells India -5.5%, SKF India -4.7%, Suzlon Energy -3.9%, AIA Engg -3.4% and Praj Ind -3.1%.

Bankex dragged lower 2.1% supported by Karnataka Bank -9.3%, Union Bank -6.8%, IndusInd Bank -4.3%, Canara Bank -4.1%, Indian Overseas -3.6% and Yes Bank -3.4%.

Metal index tanked 1.8% helped by JSW Steel -4.5%,Jai Corp -3.8%, Hindalco -3.1%, Sesa Goa -2.6%, NMDC -2.5% and Jindal Saw -2.5%.

Oil & Gas index lost 1.6% facilitated by Aban Offshore -10.4%, Essar Oil -4.9%, Reliance Natural -4.6%, HPCL -3%, Cairn India -1.8% and Reliance Ind -1.6%.

Power index dropped 1.5% led by Suzlon Energy -3.9%, Torrent Power -3.6%, Reliance Infra -2.4%, Crompton Greaves -2.2% and Lanco Infratech -1.9%.

Other sectoral losers were: Healthcare -1.5%, PSU -1.4% and Auto -1%.

The sectoral gainers were: FMCG 1%, IT +0.8% and Teck +0.6%.

Volume shockers on BSE:
Thinksoft 17.92 million shares, Unitech 10.38 million shares and

Turnover:
Total traded turnover was at Rs 1, 05,933.59 crore. This included Rs 15,692.49 crore from the NSE cash segment, Rs 85,283.71 crore from the NSE F&O and the balance Rs 4,957.39 crore from the BSE cash segment.

Buzzers:
Thinksoft +31% at Rs 164.30, Madhusudan Securities +20% at Rs 60, Lotus Chocolate +20% at Rs 26.10, Zee News +20% at Rs 26.10, Citurgia Biotech +20% at Rs 72.15, Josts Engineering +16.1% at Rs 368, Natco Pharma +10.2% at Rs 124.85 and Hi-Tech Gears +10% at Rs 100.20.

Heavy Losers:
Punj Lloyd -16.5% at Rs 217.65, Auto Corp Goa -11% at Rs 198.35, Suraj Stainless -10.9% at Rs 100.35, Aban Offshore -10.4% at Rs 1381.05, Aurinpro Solutions -10% at Rs 210.70, Tanfac -10% at Rs 31.05 and Deepak Nitrite -9.8% at Rs 20.25.

DLF major Sensex loser; Drags down 5.4 pct:
The respective index fell 4.6% post the news that the Income Tax Department has sent DLF a showcause notice on September 30, sources told CNBC-TV18. It is likely to scrutinize the books of accounts for assessment year 2007-08. The audit for assessment 2006-07 was ordered earlier. It recommended reassessing Rs 1,200 crore as additional income. This could lead to Rs 300-400 crore increased liability for the realty major it is feared.

Punj Lloyd tumbles 16.5 pct after bad results:
Punj Lloyd, an infrastructure company, tumbled 16.5% on disappointing set of numbers and traded volumes jumped over 600% on five-day average basis. Its Q2 consolidated net profit declined 63.3% to Rs 53 crore on 1.7% lower sales of Rs 2,876 crore. The company reported poor set of numbers on the back of Simon Carves’ cost overruns. Simon Carves incurred Rs 130 crore of loss.

Buzzing Zee:
Shares of Zee group skyrocketed on the back of restructuring news. Zee News will demerge its the Regional Entertainment Channel Business Undertaking (comprising of 6 television channels viz. Zee Marathi, Zee Talkies, Zee Bangla, Zee Telugu, Zee Kannada & Zee Cinemalu) into Zee Entertainment Enterprises (ZEEL) under a Scheme of Arrangement.

Zee News was locked at 20% upper circuit at Rs 26.10 and its volumes increased over 450% on five-day average basis. Zee Entertainment Enterprises surged 9.5% to Rs 248.65 with jump in volumes of nearly 600%.

Midcap Gainers:
Kansai Nerolac, Balrampur Chini, Jagran Prakashan, Rei Agro and Gammon Infra gained 3.7-8%.

Midcap Losers:
Aban Offshore, Karnataka Bank and Dena Bank fell 9-10.4% on disappointing numbers. Prism Cement was down 7.8%.

Smallcap Gainers:
Natco Pharma, HBL Power, Agro Tech Foods and Shristi Infra went up 7-10%.

Smallcap Losers:
Suraj Stainless, aurionPro Solutions, Shriram EPC, Cambridge Solutions and Dhanalakshmi Bank slipped 8.5-11%.

South Korean Economy Expands at Fastest Pace in Seven Years:
Gross domestic product increased 2.9 percent in the third quarter from three months earlier, when it expanded 2.6 percent, the central bank said today in Seoul.

That was the fastest since the first quarter of 2002 and compared with a median estimate of 1.9 percent growth in a Bloomberg survey. From a year earlier, GDP rose 0.6 percent.

South Korea led a regional rebound with China and Singapore as companies including Hyundai Motor Co. and Samsung Electronics Co. reported surging profits, driven by exports. The nation may become the second in the Group of 20 after Australia to raise its benchmark interest rate since the height of the global financial crisis, BNP Paribas SA said this month.

Asian Markets:
Asian markets ended higher; Nikkei was up 0.8% and Kospi up 1%. Taiwan Weighted, Straits Times, Shanghai and Jakarta Composite were flat.

European Markets:
European markets were trading: FTSE: +0.4%, DAX: +0.7, CAC +0.6%

Crude:
Crude was quoting at $80.24 a barrel.

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