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| November 20, 2013 | 5:30 PM
| Benchmarks record biggest 1-day percentage fall; Banks weigh
Indian shares marked their biggest single-day percentage fall in nearly 1-1/2 months, as blue chips slumped on profit-booking after three consecutive sessions of gains. The BSE Sensex fell 1.22% and the Nifty was down by 1.30%. |
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| Major headlines |
| | | Indian indices
Indian stock markets ended sharply lower as investors booked profits after recent rally with index heavyweights and private banks leading the decline. Broader markets maintained uphold by outperforming its BSE benchmark with BSE Small-cap up by 0.23% and Mid-cap marginally down by 0.10%.
Benchmark shares indices came off their day's lows in late noon trades after index heavyweight in Reliance Industries pared early losses to turn positive. Further, recovery in select financials also helped markets trim losses. Later, the benchmark indices traded volatile in a narrow range with Sensex and Nifty making wild swings.
Markets extended losses to end lower with rate sensitive stocks leading to a major downfall as weak global cues coupled with profit booking in heavyweights like ICICI Bank, HDFC Bank, Infosys and L&T weighed on the indices.
The Sensex fell to an intraday low of 20,579.94 while the 50-share Nifty slipped below 6150 mark to hit day's low of 6106.95 recording its highest single-day loss since September 30, 2013.
On currency front, the rupee weakened by 17 paise today due to dollar buying by banks. Subdued equity markets also impacted the rupee. The rupee was trading at Rs62.52 compared with previous close of Rs62.38 per dollar.
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INDEX PERFORMANCE |  |
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| MARKET INDICATORS |
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Jaypee Infratech | 19.65
| 4.52 |
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| Bharat Forge |
286.85 | -4.16
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| Zee Enterprises |
266.60 | -4.15
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| Bank of India |
225.70 | -4.10
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The S&P BSE Sensex shed 255.69 points to close at 20635.13 while Nifty slipped 80.45 points to end at 6122.90.
Following are the stocks/sectors which were in news today:
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Wyeth hit 20% upper circuit at Rs776.80, after the pharmaceutical company announced the amalgamation of the company with Pfizer.
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Shriram EPC gained 2.07%, after the company said it has received multiple orders amounting to Rs214 crore.
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Shares of sugar companies surged after the sugar mills in Uttar Pradesh (UP) announce suspension of operations. At the end of the day - Sakthi Sugars up 17.67%, Dhampur Sugar Mills up 18.98%, Dwarikesh Sugar Industries up 18.32%, Triveni Engineering & Industries up 12.09% and Bajaj Hindusthan up 13.85%
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Just Dial outshined the D Street and surged 15.48%, on back of heavy volumes on the bourses.
| Market sentiment
The market breadth stood in favor of declines. Of the 2658 stocks traded on the BSE, 1247 (46.91%) rose, 1268 (47.71%) fell and 143 (5.38%) stocks remained unchanged.
| Sectoral & stock screening
All the sectoral indices closed in the red zone except S&P BSE Metal which was the only sector to end 0.16% higher. Top Losers- S&P BSE Bankex down by 1.76%, S&P BSE CD fell by 1.63%, S&P BSE Auto down by 1.23%.
Among 'A' group stocks, top three gainers - JP Infratech rose by 4.52%, Wockhardt gained by 4.26% and Amara Raja Batteries up by 3.63%. Top three losers - Bharat Forge declined by 4.16%, Zee Entertainment down by 4.15% and Bank of India fell by 4.10%. |
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Global signals
US stock index futures poised for a lower opening at the Wall Street on Wednesday.
European stocks were steady in early trade on Wednesday, following sharp losses in the previous session, as nagging worries over the global economic outlook and corporate profits kept investors on edge.
Asian shares mostly tracked Wall Street stocks lower on Wednesday but dovish comments from Federal Reserve Chairman Ben Bernanke helped to limit their losses, lifting commodity prices, and putting pressure on the dollar.
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| Commodity Hit List for 20-11-2013 - Evening session
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| | Support Levels |
LTP |
Resistance Levels | Action |
| S2 |
S1 | R1 |
R2 | |
Gold Cash USD ($) |
1260.00 |
1267.00 | 1271.50
| 1276.00 |
1285.00 |
Buy Above R1/Sell below S1 | |
Gold MCX Dec |
30000.00 | 30250.00
| 30415.00 |
30500.00 |
30730.00 | Buy Above R1/Sell below S1
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Silver Cash USD ($) |
20.00 | 20.15
| 20.32 |
20.42 |
20.60 | Buy Above R1/Sell below S1
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Silver MCX Nov | 44800.00
| 45300.00 |
45600.00 |
45850.00 | 46300.00
| Buy Above R1/Sell below S1 |
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Copper MCX Nov | 431.00
| 434.60 |
437.00 |
439.00 | 443.00
| Buy Above R1/Sell below S1 |
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Zinc MCX Nov | 115.80
| 116.70 |
117.20 |
117.60 | 118.50
| Buy Above R1/Sell below S1 |
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Nickel MCX Nov | 842.00
| 847.00 |
852.40 |
857.00 | 865.00
| Buy Above R1/Sell below S1 |
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Aluminium MCX Nov |
108.60 | 109.40
| 110.20 |
110.60 |
111.50 | Buy Above R1/Sell below S1
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Lead MCX Nov | 129.00
| 129.90 |
130.25 |
130.80 | 132.00
| Buy Above R1/Sell below S1 |
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Crude Oil USD ($) |
93.22 | 93.83
| 94.19 |
94.55 |
95.38 | Buy Above R1
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Crude Oil MCX Dec |
5848.00 | 5890.00
| 5932.00 |
5950.00 |
6000.00 | Buy Above R1
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Natural Gas MCX Nov |
222.00 | 223.00
| 224.40 |
225.00 |
227.00 | Buy Above R1
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