Relentless selling in all sectors paticularly in Technology, Realty and Bank stocks

Relentless selling in Technology, Realty and Banks sees the Frontline Indices collapse in the second half of trade. Sensex down 425 points at 13570; Nifty down 96 points at 4127. CNX Midcap Index down 1.5%; BSE Small-Cap Index down 1.6%; Nifty Junior down 2.6%. BSE-IT Index down 5.1%; Wipro down 6.2%; Satyam down 6.1%; TCS down 6%; Infosys down 5.3%; HCL Tech up 0.7%. BSE Realty Index down 4.7%; Indiabulls Real down 7.5%; DLF down 6.3%; Unitech down 3.5%; Parsvanath Dev down 3.5%; Akruti City up 3.5%.

BSE Bank Index down 4.2%; ICICI Bk down 5.8%; HDFC Bk down 5.2%; SBI down 4.1%; PNB down 3.2%. Non-Index Banks: Canara Bk down 5.8%; Kotak Mah Bk down 4.1%; Axis Bk down 3.1%; Bank of India down 2.4%. BSE Cap Goods Index down 2.3%; Crompton Greaves down 5.1%; Praj down 3.9%; BHEL down 3.6%; Punj Lloyd down 2%.

 

Auto Losers: Tata Motors down 5.2%; Maruti down 2.8%; Ashok Leyland down 2.2%; M&M down 0.7%. Metals: Tata Steel down 4.8%; Jindal Steel down 3.9%; Ispat down 3.1%; Sterlite down 2.4%; Hindalco down 1.9%; Nalco up 2.8%; Sesa Goa up 2.7%. Index Losers: Ranbaxy down 11%; HDFC down 5.8%;Suzlon down 2.5%; Zee Ent down 2.5%. Non-Index Losers: Deccan Chronicle down 11%; Rolta down 9.6%; GMDC down 9.1%; Moser Baer down 8.5%; Lanco down 7.5%; HDIL down 6%. Index Gainers: Sun Pharma up 3.4%; BPCL up 2.3%; Cairn India up 1.5%; Hero Honda up 1.3%.

 

NSE Advance Decline Ratio 1:4. FNO turnover at Rs 68,369 crore Vs Rs 58,188 crore. Total Market Turnover at Rs 83,294 crore Vs Rs 74,573 crore.

 

FNO Snapshot: Rollover Stats: (D-2) Nifty Rollover at 36.4% Vs 42%; Market wide Rollover at 35.3% Vs 45% in the previous expiry. Short Rollovers pick up in Nifty; Oct series adds 53 lakh shares (48%) in OI; Nifty Sept ends at a 25 point discount. Cement and Metal stocks see a high rollover. Fresh Short Build-up in Real Estate & Banks.

 

Options Activity: Nifty 4100 put adds 2 lakh shares; Nifty 4200 call adds 1 lakh shares.

 

Long dated options: Nifty 4200 Dec call adds 2.3 lakh shares; Nifty 4200 Dec put adds 2.3 lakh shares.

Rollovers:

 

Index Heavy Weights     Rollovers

 

Reliance Inds                  32%

 

SBI                                32%

 

ICICI Bank                    32%

 

DLF                               29%

 

RPL                               31%

 

Tata Steel                       37%

 

Momemtum Stocks  Rollovers

 

Renuka                       26%

 

Ispat                           34%

 

TTML                        35%

 

RNRL                        30%

 

Fresh Shorts: ICICI Bank, DLF, Reliance, HCC, SBI, Unitech