This week started with a negative mood in Indian share markets with both nifty and sensex down about 1%. Stocks like Tata Motors, Titan and Tata Steel up more than 2% but UPL, Kotak Bank, Indusind Bank, IOC and Reliance down more than 2%.
Gainers : Tata Motors (4.9%), Titan Company (3.9%), Tata Steel (2.1%), Vedanta (1.9%), Hindalco Industries (1.8%), Eicher Motors (1.7%), Hero MotoCorp (1.6%), JSW Steel (1.5%), State Bank of India (0.9%), Losers : UPL (-5.1%), Kotak Mahindra Bank (-3.0%), IndusInd Bank (-2.9%), Reliance Industries (-2.1%), Indian Oil Corporation (-2.1%), Oil & Natural Gas Corporation (-1.7%)
In the Buy vs Sell bids list more sell is happening which indicates a strong negativity in the overall markets. Stocks like HDFC, Reliance, HUL, ICICI Bank, Axis Bank, HDFC Bank and Kotak Bank has more than 60% sell bids compared to buy bids at 10:30am. This means traders are trying to get rid of rate sensitive finance stocks which are normally very volatile ahead of the Reserve Bank of India rate decision. The Monetary Policy Committee (MPC) of the Reserve Bank is scheduled to announce its decision on August 6. Also investors and traders are keen on RBI’s decision on Loan Moratorium.
Top Buy Bids : Hindalco Industries (16%), Dr. Reddys Laboratories (14%), UltraTech Cement (11%), Tata Steel (11%), Shree Cement (10%), Power Grid Corporation of India (10%), Coal India (10%), Top Sell Bids : Housing Development Finance Corporation (-71%), Reliance Industries (-70%), Hindustan Unilever (-67%), ICICI Bank (-66%), Axis Bank (-64%), HDFC Bank (-63%), Kotak Mahindra Bank (-62%)
Volume Gainers : UPL (29.0%), Tata Motors (-2.9%), Sun Pharmaceutical Industries (-24.7%), Cipla (-35.8%), Hero MotoCorp (-43.0%), Titan Company (-48.2%), Bajaj Auto (-52.1%), Maruti Suzuki India (-52.1%)
Major Recoveries Today : Tata Motors (6.7%), Titan Company (3.5%), Tata Steel (3.3%), Hindalco Industries (3.0%), Vedanta (2.9%), UPL (2.0%), JSW Steel (1.9%), Cipla (1.6%), Grasim Industries (1.5%), Major Drops Today : UPL (-6.8%), Tata Motors (-3.4%), Cipla (-3.1%), Sun Pharmaceutical Industries (-3.0%), Bajaj Auto (-2.8%), IndusInd Bank (-2.6%), Tata Consultancy Services (-2.5%), Kotak Mahindra Bank (-2.3%), Mahindra & Mahindra (-2.2%), Maruti Suzuki India (-2.2%)