BIGGEST RISE & FALLS OF MARKET

FEBRUARY 26 Sensex tanks 317 pts to 3-mth low on global woes, freight hike The BSE benchmark index Sensex today widened early losses to end 316.55 points down at 3-month low of 19,015.14, wiping out over Rs 1 lakh crore wealth as Rail Budget failed to inspire investors, already rattled by fears of worsening EU debt crisis following poll stalemate in Italy. The Bombay Stock Exchange 30-share S&P BSE Sensex resumed lower on the back of weak Asian cues following steep 216-point fall on Wall Street yesterday on concerns over Italian elections and looming spending cuts in the US. Sensex continued to reel under selling pressure breaching the 19K level to a low of 18,976.94 before settling at 19,015.14 -- a loss of 316.55 points or 1.64 per cent. This was its lowest close since 18,842.08 on November 27, 2012. Similarly, the 50-issue CNX Nifty of the NSE also plunged by 93.40 points or 1.60 per cent to end below 5,800-mark at a three-month low of 5,761.35. Presenting the Railway Budget in the Lok Sabha today, Railway Minister Pawan Kumar Bansal hiked freight tariff of less than five per cent, effective from April 1 this year. "There was nothing exciting in the budget and the freight rate hike could push up prices," said Pankaj Pandey, Head Research, ICICIdirect. 25 out of 30 Sensex-based scrips fell. Losses were led by RIL, HDFC, Tata Motors, ONGC, M&M, Bajaj Auto and CIL all of whom shed 3-4 per cent each. Mid-cap and small-cap counters bled for the second straight day today with their BSE indices losing 1.76 and 2.43 per cent respectively. Railway-linked stocks like Kalindee Rail Nirman and Titagarh Wagons fell between 8-12 per cent. The total market capitalisation tanked by Rs 1.07 lakh crore today to end at Rs 661.4 lakh crore, BSE data showed. Global markets turned out a poor performance with Asian markets ending 1-2 per cent down. European indices were trading with deep losses of of 1.5 per cent each in afternoon. "Global cues were poor today. This dragged down Indian markets," said Saurabh Mukherjea, Head of Equities, Ambit Capital. Reports said an inconclusive result to parliamentary elections in Italy sparked off fresh fears over EU debt crisis.

 APRIL 4

Falling for the second day, the BSE Sensex today plummeted nearly 292 points to end at four-month low level of 18,509.70 on all-round panic selling, including ITC, Infosys and ICICI on concerns of corporates posting poor results and tension simmering in the Korean peninsula. Across market two stocks fell for every counter that rose and as a result Rs 1 lakh crore investor wealth was wiped off. Selling was so strong that all 13 sectoral indices closed with losses in 0.42 per cent and 3.39 per cent range with realty, IT, consumer durable, banking, metal and power hit maximum. After opening weak, the 30-share Sensex dropped by 291.94 points, or 1.55 per cent, to end at 18,509.70, a level last seen on November 23 as overseas funds remained net sellers. The index had lost 239 points yesterday. "Current market movement is driven by global worries over Korea and at the domestic front political inability of the government, as major key bills which could open some positives for Indian economy are still pending," said a report by UK-based advisory company Equentis Capital. Besides worries over economic health of US, IT stocks saw selling ahead of FY13 earnings of Infosys next week. Infosys and TCS lost over 2 per cent each. Private banks, including ICICI Bank and HDFC Bank, fell on worries over loan growth amid a subdued economic scene. Sensex heavyweights Reliance Industries (RIL) and ITC saw sharp losses on heavy selling by foreign funds, said brokers. The metal pack like Tata Steel, Jindal Steel and Sterlite faced steep losses of 3-4 per cent. The broad-based National Stock Exchange index Nifty plunged below 5,600 level by losing 98.15 points, or 1.73 per cent, to 5,574.75. Investors also feared the fourth quarter earning season give a gloomy picture, traders said. In Asia, Singapore, Hong Kong, S Korea and Indonesia markets suffered as reports said North Korea appears to have moved a medium range missile capable of hitting targets in South Korea. However, Japan's Nikkei closed 2 per cent higher. 
MAY 13

There was blood-bath in markets today as a wave of selling, triggered by a slew a factors like profit-booking and ballooning trade deficit, shaved over 430 points off Sensex -- its biggest fall in 14 months -- to end at one-week low, leaving investors poorer by Rs 1 lakh crore. Ignoring a fall in retail inflation to 9.4 per cent, April trade deficit data at USD 17.8 billion weighed on the stock market as the BSE benchmark ended 430.65 points lower, or 2.14 per cent, at 19,691.67. This is the biggest fall since Sensex lost nearly 478 points on February 27, 2012. Selling was seen across-the-spectrum as all 13 sectoral indices closed with losses in 0.94-3.17 per cent range with FMCG, capital goods, metal and auto shares leading downslide. All 30 Sensex-based scrips closed with sharp to moderate losses with ITC suffering over 5 per cent drop after recent rally. L&T, TCS, ICICI Bank, Tata Motors, RIL and HDFC Bank were among major losers. Bharti Airtel and Tata Steel fell by over 4 per cent each. "Poor trade deficit data sparked off worries on the CAD front. A weak rupee that went close to 55-level also hit sentiments. Political situation is sensitive after two ministers resigned. Stocks had gone up substantially recently and so some correction was in the offing," said Gautam Sinha Roy, VP – Equities, Motilal Oswal Securities Ltd. 

Similarly, the broad-based 50-issue CNX Nifty of the NSE also slumped by 126.80 points, or 2.08 per cent, to end below 6K-mark at 5,980.45. The MCX-SX flagship index SX40 closed 228.64 points, or 1.92 per cent, lower at 11,662.34 points. Market breadth was negative as 1,542 stocks closed down while just 808 finished higher. BSE market capitalisation fell by over Rs 1 lakh crore to Rs 67.03 lakh crore today. Weakness in global markets also kept the market subdued. Globally, Asian stock indices closed mixed with downward bias with sentiment hit by selling in commodities triggered by a strong dollar. European markets were trading weak in their early trade.

 MAY 15

Markets were in a jubilant mood today with BSE Sensex zooming 490 points to close at 28-month high of 20,200 and NSE Nifty soaring over 150 points to 6,100- level on buying in realty, banks and auto shares after RBI's "happy" remark on falling inflation fuelled rate cut hopes.

 Investor wealth, as measured by market capitalisation, surged by a staggering Rs 1.30 lakh crore as three stocks rose for fall of every two. This more than recovers Rs 1 lakh crore that was wiped off on across-the-board selling on Monday. The Bombay Stock Exchange 30-share barometer today resumed higher and gradually rose to settle at 20,212.96, a rise of 490.67 points or 2.49 per cent. Previously, it had concluded at 20,301.10 on January 5, 2011. Today's gain is the highest in percentage terms since June 2012. NSE Nifty index jumped by 151.35 points or 2.52 per cent to end at 6,146.75. Similarly, MCX-SX flagship index SX40 closed 245.6 points, or 2.10 per cent, higher at 11,925.14. "We certainly will take note of the softening of inflation and the external payments situation in the next mid-quarter policy statement on June 17," RBI Governor D Subbarao said in Frankfurt. He said, he was happy to see that inflation has come down to below 5 per cent. 

The BSE benchmark Sensex today tumbled by 455 points to close below key 20000-mark, wiping off Rs 1.1 lakh crore in investor wealth, on panic selling in realty, banks and PSUs as hopes of rate cut crashed after RBI comments amid GDP growth slumping to decade-low of 5 per cent. The 30-share barometer, after gaining 68 points in the previous session, tumbled 455.10 points, or 2.25 per cent to 19,760.30. This is its biggest daily loss since March 2012. HDFC, HDFC Bank and ICICI Bank fell in 3-4 per cent range. Heavyweights ITC and RIL dropped by over 3.5 per cent each. L&T, SBI, ONGC and Sun Pharma also witnessed selling. All sectoral indices, barring IT, lost upto 3.3 percent. Similarly, the NSE index Nifty plunged by 138.10 points, or 2.26 percent to 5,985.95. MCX-SX flagship index, SX40 today closed 258.98 points lower, or 2.16 per cent, at 11731.91. Belying hopes of further rate cuts, the Reserve Bank Governor D Subbarao's comments that there are still upside risks to inflation spooked stock markets. Additionally, RBI's concern about widening country's current account deficit amid rupee falling to over 10-month lows, also put pressure. Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 per cent in the January-March quarter and fell to a decade's low of 5 per cent for the entire 2012-13 fiscal. "The main fears in the mind of investors are ballooning current account deficit and how soon can the interest rate come down. Market is nervous also because of likely portfolio changes due to changes in the MSCI index," said Motilal Osswal, CMD, Motilal Oswal Financial Services. The realty sector index suffered the most by losing 3.38 per cent to 1,684.92 as DLF fell 5.41 per cent to Rs 194.85, its lowest in more than 8 months after its first quarterly loss since at least 2007. Oil and gas index was second worst performer by falling 2.71 per cent to 8,654.79 as the energy major Reliance Industries tumbled 3.62 per cent to Rs 805.60. A subdued trend in the overseas markets as investors awaited reports on American consumer confidence and business activity, also influenced the market sentiment. 

JUNE 20

There is a big chaos in INDIAN MARKETS on 20th June, 2013...Stock Market, Forex market and Bullion Market reacted sharply on the Federal Reserve Chairman Bernanke's comments on withdrawal of Stimulus...SENSEX plunged by 520 points and Indian Currency Rupee recorded Lifetime low....

The US Fed's monetary stimulus exit plan spooked markets today with S&P BSE Sensex plunging over 526 points, its biggest single-day fall in nearly two years, on massive offloading of shares by investors across the spectrum, amid the rupee hitting a lifetime low of 59.93. After Fed Chairman Ben Bernanke last night said central bank will likely slow its bond-buying programme this year and end it in 2014, global markets went into a tizzy as USD 85 billion-a-month scheme offered easy money, said traders. The Sensex opened with a sharp downside gap and continued to decline further amid rupee falling like a stone to hit record low of 59.93 against the dollar. Sensex kept falling even as finance ministry officials tried to sooth frayed nerves. It ended down 526.41 points, or 2.74 per cent, at over 2-month low of 18,719.29. The 526-point drop is the biggest since 704-point crash in September 2011. 28 out of 30 Sensex scrips closed down. With overall 1,650 stocks ending as losers, investor wealth worth Rs 1.57 lakh crore vanished in today's session. "It was absolute bedlam in financial markets triggered by comments from the Federal Reserve overnight...there was nothing new in Fed statement but huge build up of leveraged positions led to the cascading fall across asset classes," said Amar Ambani, Head of Research, India Infoline. Sustained outflows, weakness in European markets and tepid Chinese manufacturing activity also affected markets. 

Market saw across-the-board sell-off as all 13 indices closed with losses of up to 5.1 per cent. Concerns over withdrawal of funds by FIIs and consequent impact on rupee as well as financing of CAD, hit sentiments further, said Dipen Shah, Head-PCG Research, Kotak Securities. The National Stock Exchange index Nifty dipped below 5,700 level by losing 166.35, or 2.86 per cent to close at 5,655.90. Also, SX40, the flagship index of MCX-SX, closed 308.22 points, or 2.70 per cent, down at 11,118.85. Globally, benchmark indices in China, Hong Kong, Japan, Singapore, Taiwan and South Korea fell by 1.35-2.88 per cent. Euorpean markets were also trading lower in early trade as indices in France, Germany and the UK fell by 2 per cent.

AUGUST 6

Stung by rupee hitting historic low, stock markets today collapsed on all-round selling with S&P BSE Sensex nosediving by 449.22 points to end below the 19,000-mark, edging India out of the trillion dollar club. Sentiment was extremely poor on Dalal Street as the rupee plunged to record low of 61.80 against the US dollar, stoking fears of a higher current account gap as import costs surge. The Bombay Stock Exchange 30-share barometer resumed weak and continued its downslide to end at 18,733.04, a steep fall of 449.22 points or 2.34 per cent. In the last ten trading sessions, Sensex has fallen in nine days while yesterday has managed to settle in positive terrain. After today's plunge and the rupee's decline, India's market capitalisation stood at Rs 60.18 lakh crore, which translates to USD 989 billion at exchange rate of 60.8 versus dollar. The rupee retreated from record lows to trade at 60.8 levels at 1710 hours. Dipen Shah, Head of PCG Research, Kotak Securities said: "Markets ended sharply lower on the back of continuing concerns about the rupee and some disappointing results. The rupee traded at a new low and that caused concerns in market." Across-the-board selling was seen as all 13 sectoral indices closed in the red between 0.40 per cent and 5.62 per cent, with consumer durable, realty, banking, metal, power, refinery, PSU, capital goods and FMCG dragging markets down. An estimated Rs 5,600 crore payment crisis continued to overhelm National Spot Exchange Ltd, which raised concerns that problems may spill over to stock markets, brokers said. The Nifty index on the National Stock Exchange tumbled 143.15 points, or 2.52 per cent, to 5,542.25, led by stocks of consumer durables, metals, banks and other interest-rate sensitive sectors. SX40 index, the flagship index of MCX-SX, closed at 11,125.38, down 303.34 points, or 2.65 per cent. Globally, Asian stocks ended mixed as stronger growth in American service industries fuelled speculation that the US Federal Reserve will soon be able to reduce economic stimulus. 

Key benchmark indices in China and Japan firmed up by 0.49 per cent to 1.00 per cent while indices in Hong Kong, Singapore, South Korea and Taiwan dropped by 0.50 per cent to 1.34 per cent. European markets were trading marginally higher as indices in France, Germany and the UK inched up by 0.10 per cent to 0.44 per cent. Turning back to the domestic market, 27 scrips out of the 30-share Sensex ended lower while three finished higher. Tata Power was the top loser from the Sensex pack with a fall of 14.76 per cent after company reported a consolidated net loss in its first quarter. Other major losers were BHEL (6.58 pc), HDFC (5.90 pc), Sterlite Ind (5.18 pc), Tata Steel (4.47 pc), ICICI Bank (4.03 pc), Bharti Airtel (3.92 pc), HDFC Bank (3.91 pc), Bajaj Auto (3.49 pc), ONGC (3.29 pc), Jindal Steel (2.96 pc), SBI (2.47 pc), RIL (2.38 pc) and L&T (2.27 pc). Among the sectoral indices, the S&P BSE-CD fell by 5.55 per cent, followed by S&P BSE-Realty (4.45 pc), S&P BSE-Bankex (3.90 pc), S&P BSE-Metal (3.24 pc), S&P BSE-Power (3.21 pc), S&P BSE-Oil&Gas (2.65 pc), S&P BSE-PSU (2.57 pc), S&P BSE-CG (2.56 pc) and S&P BSE FMCG (2.02 pc). "Global markets are giving mixed cues and quarterly results for FY14 have also not been much encouraging. As most of the stocks and the index as well has reached oversold zone, we expect some recovery in coming sessions," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio Limited. The market breadth remained negative, with 1,599 shares shares ending lower and 655 finishing higher. 124 shares ruled steady. Total turnover dropped further to Rs 1,682.11 crore from 1,765.97 crore yesterday. 

AUGUST 16 

 

AUGUST 27

The benchmark S&P BSE Sensex today plunged 590 points to end below the 18,000 mark as the rupee fell past the 66-mark to a lifetime low and concerns were raised about the subsidy burden after passage of the Food Security Bill.

Chaos returned to the stock markets after three sessions of gains as foreign funds sold heavily. Investor sentiment was unchanged after Finance Minister P Chidambaram said the fiscal deficit would be contained at 4.8 per cent of GDP even after doling out subsidies to implement the Food Security Bill. The 30-share Sensex remained in negative terrain since the opening and touched a low of 17,921.82 before ending at 17,968.08, a fall of 590.05 points or 3.18 per cent. In the previous three sessions, the index added 652.22 points. The broader Nifty on the National Stock Exchange slumped 189.05 points or 3.45 per cent to 5,287.45. The SX40 on the MCX-SX closed down 391.41 points at 10,629.77. "The Food Security Bill was passed yesterday, which is expected to add to the fiscal burden. We believe crude oil has emerged as a key risk in the near term, which is not a good sign for the rupee. Thus, on an overall basis, the macroeconomic outlook has weakened and risks have clearly strengthened."  " said Sanjeev Zarbade, VP at Kotak Securities. Reports said Brent crude was close to a 5-month high amid tension after a suspected chemical weapons attack in Syria. Investors lost Rs 1.7 lakh crore in wealth as 1,538 stocks closed lower and 719 advanced. The rupee fell to a lifetime low of 66.07 against the dollar on month-end demand from importers, capital outflows and food bill subsidy concerns.

Twelve of the 13 sectoral indices closed lower, led by banking, capital goods and power shares. HDFC Bank, HDFC and ICICI Bank together contributed 251.54 points to the Sensex's decline. The biggest losers on the index were Bharat Heavy Electricals, HDFC Bank and HDFC. Among the gainers, Infosys added Rs 27.55, or 0.91 per cent, to Rs 3,058.10. Foreign institutional investors sold a net Rs 607.43 crore of shares yesterday, as per provisional exchange data. Chidambaram attributed the present economic woes to the stimulus provided to the industry to tide over the global financial meltdown of 2008, which cost the government in terms of fiscal deficit and current account deficit. Referring to the Cabinet Committee on Investment approving 27 projects envisaging an investment of Rs 1.83 lakh crore, the minister said once the investment cycle and manufacturing pick up, there will be positive impact on the economy and in particular, the current account deficit.