00:00 Well, the markets had a bit of a dull day today, maybe given the global Q is not that
00:04 supportive and the fact that we've been hitting new highs.
00:07 So a bit of a pause or a bit of a corrective move, but closing above 22,000 if that is
00:13 any solace.
00:14 The bank Nifty led by HDFC Bank may be sulking, but SBI doing okay, kind of fared a bit better
00:23 than what the main index did and courtesy SBI and some others, but the mid caps and
00:32 the small caps and the mid caps in particular had a large corrective move.
00:35 So 1.25% lower, small caps are okay.
00:37 And as a result of which the market breadth looked a bit at worse, 1 is to 3 in favor
00:42 of the declines at close, 582 to 1401.
00:45 So nearly 1 is to 3 in favor of the declines.
00:47 Now get the heat map from the Nifty first and just show you what happened at the large
00:51 cap end of the market.
00:52 Some metal stocks did okay, the likes of JSW Steel and Tata Steel and a bit of gains
00:56 for IndusInd Bank and State Bank of India, but the losers and a lot of PSUs there today.
01:01 So BPCL was down about 3.73%, NTPC down 3%, Coal India 2.8%, Power Grid 2.78%, Hero has
01:09 a tactical sell call by Morgan Stanley, this stock is down as well.
01:13 OMCs fell because of Indus Spark, for example, has come under the note when they are negative
01:17 and therefore if you saw what BPCL, HPCL or IOC did, there is a large corrective move
01:22 that we saw in some of these stocks.
01:24 So grinding lower today and ending at the lowest point of the day, which is actually
01:28 a bit of a worrying sign from a trader perspective, who is long.
01:32 But be that as it may, maybe people turning a bit cautious because of possibility high
01:36 crude prices or what have you, but these stocks which have run up very strongly in the recent
01:41 past saw a bit of a corrective move today.
01:44 What also corrected today was aviation, for example.
01:47 Some of the aviation related stocks, Pizer was down 3.5%, GMR Airports was down nearly
01:52 5%, Interglobe had about a slightly corrective move as well.
01:56 So these two came under a bit of pressure.
01:58 PSUs by and large came under pressure today.
02:01 So it was not just the oil marketing companies.
02:03 If you look at the PSETF losers list, you will see BPCL, there you have on your screen,
02:08 you will see Bhale, NMDC, Power Finance, Oil India, REC, so a lot of moves coming in there.
02:16 The lone star to my mind which did really well was ABB, and which had a big strong move
02:20 today on the back of results and the commentary that the management gave, up about 10% at
02:24 close, 10.6% on close, so really strong show by this one in an otherwise faltering market.
02:29 Thank you.
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