India Stock Market: Sensex Down 491.34 Points On Tuesday

Sensex (^BSESN) down 491.34 points on Tuesday (November 3, 2009)
-6th consecutive decline
-Huge sell off by FIIs on global jittery
-All sectoral indices in the red

Sensex fell 491.34 points or 3.1% to 15404.94
Nifty (^NSEI) fell 147.80 points or 3.1 to 4563.90
Mid Cap fell 3.7%. Small Cap fell 4.5%.
BSE 500 fell 3.2%. Sensex losers: 27

All 13 BSE Sectoral indices posted losses
Advancers: 546, Decliners: 2155, Unchanged: 58
Advance/Decline Ratio: 1:4

Sensex Day’s Range: 15957.06 - 15322.98
Nifty Day’s Range: 4729.85 - 4538.50
52-Week Range: 17493.17- 8047.17
52-Week change (%): -11.9%

Sensex gainers were: Bharti Airtel +2.7%, Maruti Suzuki +1.1% and Sun Pharma +0.3%.

Sensex losers included Hindalco -10.5%, DLF -9%, JP Associates -7.5%, Sterlite Ind -6.4%, ACC -6.2%, Reliance Infra -6%, Reliance Ind -5.7% and Rel Comm -5.7%.

Realty index tanked 9.8% led by Indiabulls Realty -16.2%, Sobha Developers -10.6%, Anant Raj Ind -9.9%, Unitech -9.2%, DLF -9% and Parsvnath -9%.

Metal index slipped 6% supported by Guj NRE Coke -13%, Hindalco -10.5%, JSW Steel -9.9%, Jai Corp -6.5%, Sterlite Ind -6.4% and Sesa Goa -6.1%.

Oil & Gas index declined 4.1% helped by Aban Offshore -13.4%, Essar Oil -8.3%, Reliance Ind -5.7%, Indian Oil (IOC) -2.8%, Cairn India -2.5% and HPCL -2.1%.

Power index nosedived 3.5% aided by Suzlon Energy -12.9%, Lanco infratech -6%, Reliance Infra -6%, Crompton Greaves -4.9% and ABB -4.7%.

IT index tumbled 3.4% due to selling in Rolta -13.5%, NIIT -8.4%, Aptech -7.8%, Moser Baer -7.7% and HCL Technologies -7.5%.

Capital Goods index fell 3.2% led by Suzlon Energy -12.9%, Reliance infra -9.2%, Elecon Engineering -7.4%, Gammon India -7.2% and Punj Lloyd -6.1%.

Other sectoral losers were: PSU -2.7%, Teck -2.6%, FMCG -2.6%, Consumer Durables -2.5%, Bankex -1.9%, Auto -1.1% and Healthcare -0.5%.

Turnover:
Volumes remained above the Rs 1 lakh crore mark; total traded turnover was at Rs 1, 04,071.99 crore. This included Rs 17, 384.07 crore from the NSE cash segment, Rs 81,574.39 crore from the NSE F&O and the balance Rs 5,113.53 crore from the BSE cash segment.

Buzzers:
Hawkins Cooker +14.3% at Rs 532.80, Morganite India +13.3% at Rs 85.85, Oriental Carbon +12% at Rs 54.95, Citurgia Biochem +10% at Rs 164.45, Ushdev International +10% at Rs 146.35, Lotus Chocolate +10% at Rs 45.10 and Tasty Bite +10% at Rs 96.55.

Heavy Losers:
India Gelatine -19.9% at Rs 47.05, Indiabulls Securities -19.1% at Rs 37.40, Indiabulls Finance -18.9% at Rs 135.85, Genus Power -18% at Rs 133.60, Garware Poly -16.7% at Rs 29.90, Indiabulls Realty -16.2% at Rs 209.45 and Trent (E) -15.8% at Rs 48.

Midcap Gainers:
Jet Airways gained 7%. MRF, Bayer Cropscience, Marico and Indian Hotels were up 3-5%.

Midcap Losers:
Indiabulls Financial slipped 18.87% and Indiabulls Real fell 16.15%. Rolta, Aban Offshore and Gujarat NRE Coke declined 13-13.5%.

Smallcap Gainers:
Hawkins Cooker surged 14% and Ushdev Int was up 10%. Mukand, Geekay Finance and Falcon Tyres went up 4.5-6%.

Midcap Losers:
Indiabulls Securities fell 19% and Genus Power lost 18%. ICSA, Godawari Power and Gwalior Chemical declined 13%.

Global worries intensify:
Jon Greenlee, the associate director of the Fed’s Division of Banking Supervision and Regulation, said US banks were at risk for sizable new loan losses, particularly on commercial property, and some banks may not have enough capital to fully cushion against setbacks.

Metals drop:
Today, industrial metals slid on concern that construction and manufacturing demand is set to slow. Copper dropped $150 a metric ton to $6,405 a ton on the London Metal Exchange.

Gold:
Gold for December delivery in New York rallied $6.30 an ounce, or 0.6 percent, to $1,060.20 as the Reserve Bank of India purchased 200 tons of the metal from the International Monetary Fund.

RBS, Lloyds get $51 billion in second biggest bank bailout:
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer in return for putting a cap on bonuses.

The Treasury will inject 25.5 billion pounds of capital into RBS, for a total of 45.5 billion pounds, making it the costliest bailout of any bank worldwide.

Asian Markets:
Asian markets ended lower barring Shanghai. Hang Seng and Jakarta slipped 1.6-1.8%. Straits Times and Kospi fell 0.6-0.9%. Taiwan Weighted lost 0.17%. However, Shanghai gained 1.2%. Nikkei was shut today.

European Markets:
European markets were quoting: FTSE 100 was -2.1%, the CAC 40: -1.6% and the DAX 30: -2.0%

Crude:
Crude was quoting at $77.40 per barrel.

Concern:
Central banks and governments are preparing to remove stimulus measures after spending a total of $12 trillion, by Internatio

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