Indian benchmark indices managed to recover its losses in post lunch session after a volatile trading session today. The broad-based index S&P CNX Nifty once seen losing during most of the day; but nonetheless retrieved the major chunk of the losses and managed to stay above another psychological mark of 8100 before closing on a negative note at 8102, down by 25.25 points. Another benchmark index, Sensex closed at 26,908.82, down by 78.64 points.

Greece’s exit from the euro zone along with fears of deflation and tumbling oil prices has compounded worries for global investors in the near term, which has in turn impacted the Indian markets as well. Greece has been plunged in a government debt crisis and has sought the help of its euro zone partners to bail the country out of debt.

The euro hit a nine-year low as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.

USDINR pair ended the day at 63.18, slips 40 paise in the trade today on the back of on fresh selling of dollar by banks on hopes of resumption of capital inflows.

Market breadth on the NSE ended on negative with 879 gainers against 641 losers with 62 remaining unchanged.

Out of 50 stocks of Nifty, 22 advanced and 27 declined and 1 remained without any change.

Top Five Nifty Gainers: HUL topped the Nifty gainers chart today gaining by 3.20% and followed by NTPC (2.69%), Reliance (2.62%), Asian Paints(2.19%) and Powergrid (1.99%).

Top Five Nifty Losers: Today Hindalco emerged the biggest loser on the Nifty plunging by -2.97% and chased by NDMC (-2.82%), BHEL (-2.40%), HCL (-2.35%) and GAIL (-2.25%).

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Indian equity market witnessed the worst daily fall since rupee depreciation crisis September 2013. Worries over falling oil prices and possible exit of Greece crashed the market globally. The broad-based index Nifty sunk over 250 points and closed at 8127 down by -3.0%, while Sensex, plunged by 854 points wrapped up the session below 27000 down -3.07%.

Downward momentum in crude oil price continues on glut concerns. Oil explorers declined tracking the fall in US crude oil below $50 per barrel.

Among the sectoral indices all the major indices ended negative, CNX PSU Bank led the momentum in Red terrain and plunged – 4.12% followed by CNX ENERGY (-4.02%), CNX Finance (-3.51%), CNX REALTY (-3.51%) and CNX METAL (-3.48%%).

Market breadth remained negative today on NSE as 1102 stocks declines against 118 stocks ended in green while 15 remain unchanged.

Out of 50 stocks of Nifty index, 48 declined and 2 advanced.

Meanwhile USDINR pair ended at 63.56 surged by 0.20%, recovered after the early trade losses on the back of fresh dollar demand from banks and importers.

Top Five Nifty gainers: HUL (1.54%) and COAL INDIA (0,07%) were only gainers of the day.
Top Five Nifty Losers: JINDALSTEL (-7.03%), ONGC (-6.06%), SESA STERLITE (-5.32%), TATASTEEL (-5.11%) and HDFC (-5.05%)

After the 6 continous days positive rally, Indian equity market witnessed range bound session & ended the day on a negative note. Nifty was down by 17.05 points & closed at 8378.40 level while Sensex ended the day at 27842.32, plunged 45.58 points.

Shares of Maruti gained momentum in trade as CLSA hiked its target price to Rs. 4400 per share, after better-than-expected sales in the month of December.

Weakness was seen in IT stocks amid concerns over cross-currency movements. The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank.

US crude and Brent futures dropped to fresh 5-1/2-year lows of $51.40 & $55.36 per barrel respectively, as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.

Rupee Ends At 63.39, surged after 4 day continous fall as a weakening dollar prompted exporters to sell the US currency, while a spurt in buying of domestic debt by foreign investors also helped.

The market breadth was positive on the NSE with 618 gainers against 605 losers and 36 remain unchanged.

Top 5 Nifty gainers: MARUTI (2.63%), TATAMOTORS (2.40%), TATASTEEL (1.75%), L&T (1.59%) & IDFC (1.42%).

Top 5 Nifty losers: DLF (2.69%), Dr. REDDY (-2.34%), BHARTI AIRTEL (-2.15%), HINDALCO (-1.94%) & TECH MAHINDRA (-1.84%).

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