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Markets ended with marginal loss amid extreme volatility through the day as frontline indices were moving in particular range and consolidating for the next upmove. Selling pressure was seen in major oil, capital goods, select banking and power while buying in metal, pharma and select technology stocks. The Nifty Fifty was hovering around 4400 mark while Sensex remained above 14500. Midcap and small cap stocks held market breadth in positive. About 1993 shares have advanced while 966 shares declined. Nearly 197 shares remained unchanged. The Sensex closed at 14,577.87, down 78.82 points or 0.54% after swinging between high/low of 14,725.94 and 14,503.51, respectively. Nifty lost 18.2 points or 0.41% to settle at 4395.35. It has touched an intraday high of 4436.15 and low of 4362.90. Amongst frontliners, TCS lost -2.73%, Tata Comm -2.96%, BPCL -2.57%, Reliance Ind -2.49%, BHEL -2.41%, ONGC -1.53% and Sterlite Ind -1.38% while HCL Tech gained 6.10%, SAIL 4.39%, Grasim Industries 3.18%, Reliance Petro 3.11%, ABB 2.87%, Ranbaxy Labs 2.80%, Jaiprakash Associates 2.38%, Maruti Suzuki 2.08%, Tata Steel 1.63%, Metal index outperformed other indices, shot up 2.06% or 273.26 points at 13,523.57 as steel manufacturers may raise product prices from August 7. Ispat Industries, JSW Steel, JindalStainless, Mahalaxmi Sm, SAIL, and Welspun Guj gained 4-10%. Pharma stocks like Piramal Health, Aurobindo Pharma, Opto Circuits, Cadila Health, Divis Labs, Matrix Lab, Ranbaxy Labs and Lupin jumped up 2-6%. Healthcare Index was up 1.51% or 63.36 points at 4,254.20. Realty Index ended at 5,231.62, up 0.62% or 32.42 points. Anant Raj Ind, HDIL, Indiabulls Real, Sobha Developer, Parsvnath and Peninsula Land have gained. Bankex gained 0.58% at 6,767.61 due to buying in Yes Bank, Andhra Bank, IOB, Karnataka Bank, Axis Bank, IndusInd Bank, IDBI Bank, Allahabad Bank and Union Bank shot up by 2.5-5%. Technology stocks like HCL Tech, Aptech, Rolta, Patni Computer, Satyam and Infosys also moved up. Index rose 0.40% at 3,815.43. BSE Midcap and Small Cap indices shot up by 1.77% each to 5,742.72 and 7,103.34, respectively. Amongst midcap stocks, Jai Balaji Ind, Guj Ind Power, Ispat Industries, Maytas Infra, Dish TV India, Titan Industries, JindalStainless, Torrent Power, Electrosteel and HCC rose 8-20%. In the small cap space, Sunflag Iron, Nirlon, Zicom Security, RSWM, Lloyds Metals and Titagarh Wagons were up by 12-16%. However, Capital Goods Index fell 103.04 points or 0.85% at 12,028.96. Selling pressure was seen in Crompton Greaves, BHEL, Kirloskar Bros and L&T. Power stocks like Suzlon Energy, Reliance Infra and NTPC lost ground. Index slipped 0.20% at 2,656.33. However, Torrent Power, GVK Power and GMR Infra gained 3.5-8.5%. In the Oil & Gas space, Reliance Ind, BPCL, ONGC and GAIL went down while Essar Oil, Reliance Petro, Aban Offshore, RNRL, IOC, Cairn India and HPCL gained. Index fell 0.18% at 10,028.45. Turnover traded in markets was very low, which stood at Rs 62,875.87 crore. This includes Rs 13,517.94 crore from NSE Cash Segment, Rs 43,364.62 crore from NSE F&O and Rs 5,993.31 crore from BSE Cash segment. Asian markets were trading lower. Hang Seng, Jakarta Composite, Nikkei, Straits Times, Kospi and Taiwan Weighted slipped 0.5-2%.
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