The Indian market ended with losses on Thursday as V-Wap based selling was witnessed in the last half an hour of the trading session dragging the indices to end almost at a day’s low. Stock futures from the NSE derivative, especially midcaps witnessed offloading towards the end.
Highest ever turnover as volumes surpass 4000bn mark for the first time. The previous highest turnover was ~3920bn.
The decline was seen despite positive cues from the international equity markets. Majority of the Asian markets ended with gains and even the European markets started off in the green.
Among the major laggards were, the BSE IT index, down 0.8% followed by BSE Oil & Gas and the BSE Metal index declining by 0.7% each. The BSE Consumer Durables and BSE Capital Goods index were among the other losers.
Even the BSE Mid-Cap and the Small-Cap index lost 0.5% and 0.75% respectively.
Finally, BSE Sensex closed at 19323, down 93 points over the previous close. It had earlier touched a day's high of 19504 and a day's low of 19302. It opened at 19479.
The NSE Nifty closed at 5,870, down 35 points over the previous close. It earlier touched a day’s high of 5,930 and a day’s low of 5864. It opened at 5,930.
Bharti Airtel, Tata Motors, ONGC, Dr Reddys Lab, Maruti Suzuki and Tata Steel were among gainers in Sensex and Nifty.
RIL, TCS, Infosys, Wipro, NTPC, Sun Pharma, BHEL, HDFC , SBI, ICICI Bank, Hero MotoCorp, ONGC, Bajaj Auto, Coal India, M&M, HUL and ITC were among losers in Sensex and Nifty.
The advance decline ratio was in favour of the bears. 1666 stocks declined against 1227 advancing stocks. Only 133 stocks remained unchanged.
The INDIA VIX on NSE was down 2.5% to end at 13.74. It hit a day’s high of 14.34 and day's low of 13.62.
Stocks which hit 52-week high during the week were, Lakshmi Mach, Madras Cements, MRF, JK Lakshmi Cem and Federal Bank.
Stocks which hit 52 week low during the week were, NIIT, EIH, Geodesic, Cimmco and Lynx Machinery.
Globally, in Asia, the Japanese stocks rallied to their highest level since the March 2011 earthquake. The Nikkei index in Japan was up 1% among the other major gainers in the Asian region was the Hang Seng index in Hong Kong up 0.35%, the Straits Times edged higher by 0.15%, the Kospi index rose 0.26% and Taiwan index added 0.2%.
Only the Shanghai Composite index in China ended lower by 0.60%.
On the other hand, Park Geun-Hye, daughter of former president Park Chung-Hee, defeated her progressive rival Moon Jae-In to become the first female president of South Korea, according to reports.
In Europe, the stock markets were trading with smart gains on Thursday, as hopes for stimulus in Japan spurred optimism. The FTSE index in UK was up 0.2%, the CAC index in France added 0.62% and the DAX index in Germany rose by 0.20%.