After having made 4 months high on Tuesday, the Sensex, tracking global cues, started gap down and extended the losses further as the day progressed. In addition to Eurozone debt woes, profit warnings from U.S. tech companies renewed the global slowdown concerns. Asian and European peers were exhibiting mixed trends. On the domestic front, the traders looked cautious ahead of the result season amid reports of El Nino’s emergence in August. El Nino is usually associated with lower rainfall. Intense profit booking caused the markets to shed 0.73% of its value with the Nifty closing just above 5300.

1. Markets plunge 0.73% on global cues
Market Summary
11-Jul-2012
After having made 4 months high on Tuesday, the Sensex, tracking global cues, started gap down and extended the losses further as
the day progressed. In addition to Eurozone debt woes, profit warnings from U.S. tech companies renewed the global slowdown
concerns. Asian and European peers were exhibiting mixed trends. On the domestic front, the traders looked cautious ahead of the
result season amid reports of El Nino’s emergence in August. El Nino is usually associated with lower rainfall. Intense profit
booking caused the markets to shed 0.73% of its value with the Nifty closing just above 5300.
HDFC Result: HDFC has kick-started the Q1 result season by announcing its numbers for the quarter ended June 30, 2012. For the
period while the Net Sales increased by 29.29%, Net Profit grown by 18.64% and thereby NPM reduced to 20.30% as compared to
22.13% on y-o-y basis. The stock has lost 0.62% on BSE today. (Result)
Back to markets, the market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1175:1622 while
131 scrips remained unmoved.
The BSE Sensex ended at 17489.14, down 129.21 points or 0.73%. The 30 share index touched a high and a low of 17582.99 and
17466.99 respectively. 4 stocks advanced against 26 declining ones on the benchmark index.
The S&P CNX Nifty lost 39.05 points or 0.73% to settle at 5306.30. The index touched high and low of 5336.45 and 5300.25
respectively. 9 stocks advanced against 41 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6298.96 and lost 0.12% while Small-cap index hammered down by 0.24% to 6789.08.
The broader BSE 500 index decreased to 6750.12 (down 0.53%) and S&P CNX 500 index declined to 4210.65 (down 0.59%).
The volatility indicator INDIA VIX gained 3.14% at 18.39 from its previous close of 17.83 on Tuesday.
Sectors in action
On the BSE Sectorial front, Capital Goods (up 0.37%) was the top gainers.
Automobile (down 1.18%), FMCG (down 1.14%) and Real Estate (down 1.06%) were the top losers.
The Angels and the Devils
Larsen And Toubro Limited (up 1.20%), NTPC Limited (up 0.44%), Infosys Limited (up 0.29%) and Coal India Ltd. (up 0.03%) were the
top gainers on the Sensex.
Hindalco Industries Ltd. (down 2.74%), Wipro Ltd (down 2.68%), Tata Motors Limited (down 2.03%), Sterlite Industries ( India ) Limited
(down 1.89%) and Bharti Airtel Limited (down 1.87%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Limited (-29.58 points), ITC Limited (-27.68 points), Larsen And T oubro Limited (11.05 points), T Motors
ata
Limited (-10.41 points) and Bharti Airtel Limited (-9.49 points) were the major Sensex drivers today.
On the other end ITC Limited (-8.65 points), Reliance Industries Limited (-7.84 points), Larsen And T oubro Limited (3.21 points), Tata
Motors Limited (-2.74 points) and Bharti Airtel Limited (-2.33 points) were the major Nifty movers today.
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