The benchmark indices continued the downtrend for the second consecutive day and ended sharply lower amid high volatility. Shares of oil exploration, capital goods, metal, telecom, and select power and banking companies witnessed a steep fall. The sell-off was also seen in broader indices. However, frontline technology, FMCG, OMCs and select auto stocks remained on the higher side. Wednesday's culprit Satyam has seen quite sharp cut today as well. The stock has touched a new 52-week low of Rs 6.30 on the NSE and lost around 41%, to close at Rs 23.75. There were still pending sell orders of 224,349 shares, with no buyers available. It traded with volumes of 215,560,932 shares, an increase of 149.46% compared to its 5-day average of 86,411,144 shares. Friday was the last day of the stock in the BSE Sensex and NSE Nifty, which will be replaced by Sun Pharma and Reliance Capital from January 12, respectively. The 50-share NSE Nifty went closer to 2800 level and hit a low of 2810.25 during the day. It shut shop at 2,873, down by 1.62% or 47.40 points from previous close. The 30-share BSE Sensex was down more than 300 points during the day and touched a low of 9,250.82. It was down by 180.41 points or 1.88%, to settle at 9,406.47. Leading contributors to this fall were Reliance Industries, ONGC, Reliance Communication, L&T, SAIL, DLF, Sterlite Industries, Bharti, Tata Steel and BHEL (Also See : Top Losers). However, NTPC, TCS, Infosys, Wipro, Sun Pharma, Maruti and HUL tried to support the markets a bit. In the F&O segment, Nifty futures added 28 lakh shares in open interest (OI) and ended at discount of 12 points. Stock futures added 2.5-3 crore shares in OI. Nifty PCR remained unchanged around 1.12. Nifty 2500 put added 7.8 lakh shares in OI, 2900 call added 7.5 lakh shares in OI and 2800 call added 4.8 lakh shares in OI (Also See : Active Calls) while 2900 put shed 11.5 lakh shares in OI and 3000 put shed 5.5 lakh shares in OI (Also See : Active Puts). Satyam ended down 43% and add 73 lakh shares in OI. DLF ended down 9% and added 22.5 lakh shares in OI; DLF posted third highest turnover in F&O post Nifty and RIL. (Also See : Stocks those seen an increase in open interest along with a decrease in price) Inflation for the week-ended December 27 came in at 5.91% compared to 6.38% last week. This was better-than-expectations, as CNBC-TV18 poll saw inflation for week-ended December 27 coming in lower at 6.11%. WPI for week-ended November 1 is revised to 8.7% vs 8.98% (Provisional). Metal stocks took huge beating on the bourses today, after the news that Goldman Sachs downgraded POSCO to neutral from buy. Index tumbled 7.16% or 401.38 points to 5,203.86. Sterlite Industries, SAIL and Tata Steel went down 8-9.6%. JSL, Jindal Saw, JSW Steel, NALCO and Hindalco fell 3.8-6%. Selling was also seen in real estate space. Realty Index was down by 101.11 points or 5.15% at 1,864.09. DLF lost 7.25% and Unitech fell 1.37%. DLF recovered nearly 50% from day's low, as Ramesh Sanka, CFO cleared that he has not resigned from the company. Capital Goods Index fell 329.35 points or 4.7%, to close at 6,679.42. HSBC downgraded L&T to neutral from overweight and cut target price to Rs 882 from Rs 1,250, the stock was down 7.15%. BHEL fell 1.61%. Punj Lloyd tumbled 16.64%, as its wholly-owned UK subsidiary, Simon Carves (SCL), has commenced adjudication proceedings against SABIC Petrochemicals UK (SABIC). These proceedings are ultimately aimed at seeking restitution of 28.5 million pounds sterling or Rs 220 crore through the UK Courts. Siemens went down 12.525, as Siemens India is going to sell 100% stake in IT subsidiary to Siemens AG Arm. Oil & Gas Index took a knock due to downtrend in oil exploration stocks, down 2.81% or 166.82 points at 5,777.59. Reliance Petroleum, Reliance Industries and ONGC were down 2.9-4.6%. Oil marketing companies like BPCL, IOC and HPCL went down 1-3.9%. Crude February Futures was trading at around USD 42 a barrel on the NYMEX. Power stocks like GMR Infra, Reliance Infrastructure, Tata Power and Reliance Power fell 5-8%. Power Index lost 36.24 points or 1.99%, to 1,780.87. However, CESC gained 6.58% and NTPC rose 4.03%. Bankex tumbled 107.88 points or 1.97%, to 5,381.36. ICICI Bank was down 2.82% and SBI down 1.84%. Axis Bank and Kotak Mahindra fell 5-7%. HDFC Bank rose 0.12%. Telecom stocks have also seen selling pressure. Reliance Communication tanked 9.61%. Idea Cellular fell 6.82%. Tata Communication fell 3.48% and MTNL was down 2.915. Bharti Airtel lost 1.84%. Healthcare Index ended with a loss of 13.40 points or 0.46% at 2,872.75. Glenmark and Ranbaxy Labs were down over 7%. Wockhardt, Pfizer and Dr Reddys Labs were other losers. However, Sun Pharma gained 5.7%. However, FMCG Index went higher by 24.11 points or 1.22%, to close at 1,993.96. HUL, Nestle, Dabur India and ITC were gainers. There was mixed picture in auto space, though Index was up by 25.19 points or 1.01% at 2,523.51. Hero Honda, M&M and Maruti Suzuki shot up 3.5%. However, Tata Motors lost 5.44% and Bharat Forge fell 2.03%. Buying was also seen only in major technology stocks. TCS went up 6.34% and Wipro up 3.02%. Infosys was up 0.67%. BSE IT Index gained just 3.83 points at 2,131.99. However, other technology stocks were under pressure. Market breadth was in favour of declines throughout the session, due to weak broader indices. About 731 shares advanced while 2,067 shares declined. Nearly 80 shares remained unchanged. Among the broader indices, BSE Midcap index was down by 77.12 points or 2.41% at 3,120.79 and Small Cap Index fell 2.92% or 106.92 points, to close at 3,555.60. In the midcap space, Tanla Solutions, Nagarjuna Construction, ICSA, Shaw Wallace and Bombay Dyeing were down 14-19%. Among the small cap stocks, Swaraj Mazda, JSW Holdings, Kernex Micro, Transport Corp and Shrenuj fell 10.5-19%. Volumes were better in today's trade as well. Total traded turnover was at Rs 64,891.47 crore. This includes Rs 12,984.81 crore from NSE Cash segment Rs 47,709.01 crore from NSE F&O and the balance Rs 4,197.65 crore from BSE Cash segment. On the global front, Asian markets ended mixed. Straits Times fell 1.18% and Kospi down 2.05%. Taiwan, Nikkei and Hang Seng lost 0.27-0.73%. However, Shanghai rose 1.42% and Jakarta went up 1%. European markets were trading marginally lower. FTSE went down 26.5 points to 4,478. CAC was down 13 points to 3,311 and DAX lost 20 points at 4,859, at 3:42 hours IST. Among the US futures, the Dow Jones Futures was down 31 points at 8,665 and Nasdaq fell 10.5 points to 1,239. Market Snapshot Market recovers from day's low amid volatile session; realty stocks bounces from day's low Sensex ends down 180 points at 9406; recovers 155 points from days low of 9250 Nifty ends down 47 points at 2873; recovers 63 points from days low of 2810 CNX Midcap, BSE Small-cap Indices down 3% BSE Realty Index recovers 25%, Cap Goods, CNX IT Index nearly 4% from days low Auto, Oil and Gas Index recovers 3% from days low Satyam falls to Rs 6.3/sh during the day, recovers to end at Rs 23.7/sh DLF recovers 50%, Unitech 20% from days low DLF bounces back as Ramesh Sanka, CFO clears that he has not resigned from the co

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