Market makes smart recovery during the day in line with the global markets; Nifty managed to close over 4100, Sensex managed to close over 14000 mark;

Market made smart recovery during the day in line with the global markets. Nifty managed to close over 4100 while Sensex managed to close over 14000 mark. Sensex ended down 217 points at 14141.5. It recovered 362 points from days low. Nifty ended down 71 points at 4108. It recovered 100 points from days low. CNX Midcap Index was down 2% while BSE Small-cap Index was down 1.3%. All the BSE Sectoral Indices ended in the red barring Reality Index. BSE Metal Index was down 4.7%, BSE IT Index was down 3% while BSE FMCG Index was down 2.3%.

Index Losers were HPCL, down 8.5%, Sterlite, down 7.2%, Satyam, down 5.8% and Tata Steel, down 5.4%. Index Gainers were RIL, up 0.80%, Sun Pharma, up 1.8% and Wipro, Siemens were up 1% each. NSE Advance Decline ratio stood at 1:4. Total market turnover was at Rs 86945.69 crore vs Rs 63845.27 crore on Thursday.

Rupee depreciated by 0.08% at 41.375 while Yen depreciated by 16 bps at 113.22 (hits intra-day high of 111.57 and intra-day low of 114.09).

Zylog Systems listed on the bourses today which closed at Rs 427.5 vs listing price of Rs 435 (issue price Rs 350).

Recovery in the Indices

Index	Low	Recovery (%)
Sensex	13779.88	2.62
Nifty 50	4002.2	2.64
CNX Midcap 100	5519.4	2.38
BSE Small Cap	7534.59	2.13

Index	Low	Recovery (%)
BSE Realty Index	6713.42	4.56
IT Sector	4356.76	3.3
Bank Index	7178.89	2.4
Healthcare Index	3410.08	2.26
Oil and Gas Index	7266.42	2.21
Capital Goods Index	11781.06	2.11
Auto Index	4506.67	1.2
FMCG	1796.16	0.86
Metals Index	9724.78	0.89

F&O Snapshot:

Nifty futures discount narrowed 15 points vs 35 points on Thursday (has narrowed to 6 & widened to 50 points during the day). Nifty futures turnover was 45% of total FNO turnover. Nifty futures added 56.6 lakh shares in OI. Short covering was seen in the reality stocks (Unitech, GMR) and stocks like L&T, Wipro, REL, and Jindal Stainless. Fresh shorts were seen in technology, metal & capital good stocks. Unwinding of long positions was seen in reality stocks(Lanco, Parsvnath, HDIL).

Long Positions were seen in the following stocks:
Nagarjuna Fertilizers was up 17%, added 1.33 crore shares in OI
RIL was up 1.2%, added 2.8 lakh shares in OI
IndusInd Bank was up 5.5%, added 5.7 lakh shares in OI
Other stocks where long position was seen India Cement, Bank of India, and Moser Baer

Short Covering was seen in the following stocks:
Realty: Unitech, GMR Infra, IVRCL Infra
Biggies: L&T, Wipro, REL, and Jindal Stainless
Other: Chambal Fert, MphasiS, LIC Housing & Triveni Eng

Fresh Shorts were seen in the following stocks:
Tech: Satyam, Patni, I-flex, TCS, Infosys
Metal: Tata Steel, JSW Steel, SAIL (unwinding)
Others; BHEL, DLF, ONGC, ABB

Unwinding:

Reality; Lanco, Parsvnath, HDIL
Others: Bongaigaon Refinery, Balrampur Chini, Praj Industries

Intra day recovery was seen in the following stocks:

Stock Name	Low	Recovery (%)
Indiabulls Finance	402.7	14.45
Indiabulls Real	403	14.14
India Infoline	506.65	11.97
Lanco Infratech	224.2	10.59
IDFC	105.3	8.93
Orbit Corp	403.3	8.36
Punj Lloyd	238.25	6.4
Unitech	455.3	6.31
IVRCL Infrastructure	319	6.24
Infosys	1743.15	6.2
Wipro	445	6.04
Reliance Communication	465.75	5.94
Reliance Energy	681	5.58
Bharti Airtel	750	5.33
Parsvnath Developers	275	5.02
GMR Infrastructure	727.5	4.74
HDIL	480	4.58
India Cement	205.25	4.51