Most Active Stocks ended 12 MAY 2012 SATURDAY

Most Active Stocks ended 12 MAY 2012 SATURDAY

Most Active Stocks

The 20 most active stocks traded in terms of value of shares traded and their weekly % change.

Security Name	Close	% Change
STATE BANK	1853.60	-7.15
ICICI BANK	813.20	-2.42
TCS	1230.75	-3.61
TATA MOTORS	297.50	-1.43
INFOSYS	2311.30	-5.36
RELIANCE INDS	697.20	-4.03
AXIS BANK	1000.20	-0.95
LARSEN & TOUBRO	1138.00	-0.80
ITC	234.25	-1.64
JSW STEEL	627.50	-6.18
BHEL	221.10	3.29
HDFC BANK	510.55	-5.02
HDFC	645.80	-2.15
IRB INFRASTRUCTURE DEVELOPERS	105.25	-18.26
HOUSING DEV & INFRA	64.40	-12.27
TATA STEEL	412.00	-4.74
JAIPRAKASH ASSOC	62.90	-11.54
HERO MOTOCORP	1843.70	-6.77
HINDALCO	113.15	-2.38
IDFC	120.85	5.86

Biggest Weekly % Gainers

The following list shows the stocks (over Rs.10/share) that had the biggest gains over last week. Gains are measured on a percentage basis. For example, a stock moving from 20 to 25 had a 5 point or 25% gain. Often stocks appearing on this list had some type of positive news (e.g., big earnings report, new product announcement, etc.).

Security Name	Close	% Change
M AND B SWITCHGEARS	75.70	32.92
CHEMPLAST SANMAR	14.55	25.97
CELESTIAL BIOLAB	15.95	25.10
SHALIMAR PAINTS	445.55	17.07
MVL INDS	10.05	15.52
OMKAR SPECIALITY CHEMICALS	74.25	15.38
MANGALORE CHEMICALS & FERTILIZERS	41.70	14.09
NELCAST	28.90	13.11
GOENKA DIAMOND & JEWELS	133.40	12.20
VINATI ORGANICS	99.70	12.09
GLOBAL OFFSHORE SERVICES	73.40	11.55
MUTHOOT FINANCE	129.35	11.36
WELSPUN (I)	47.30	10.39
BERGER PAINTS	129.85	10.18

Biggest Weekly % Losers

The following list shows the stocks (over Rs.10/share) that had the biggest losses over last week. Losses are measured on a percentage basis. For example, a stock moving from 20 to 15 had a 5 point or 25% loss. Often stocks appearing on this list had some type of negative news (e.g., bad earnings report, lower analyst rating, product delay announcement, etc.).

Security Name	Close	% Change
BARTRONICS (I)	25.55	-24.52
SANWARIA AGRO OILS	24.75	-23.85
JUBILANT INDUSTRIES	206.95	-22.42
ORBIT CORPORATION	36.90	-19.34
IRB INFRASTRUCTURE DEVELOPERS	105.25	-18.25
GMR INFRASTRUCTURE	21.00	-18.13
TTK PRESTIGE	2893.90	-17.55
JINDAL SOUTH WEST HOLDINGS	510.50	-17.37
KIRI INDS	47.30	-17.31
NEHA INTERNATIONAL	38.65	-16.97
UNITED SPIRITS	614.40	-16.89
NCC	35.75	-16.37
UNITECH	20.45	-16.36
ROLTA INDIA	69.70	-15.92
CENTRAL BANK OF INDIA	77.80	-15.85
GVK POWER & INFRASTRUCTURE	12.05	-15.73
TIPS INDUSTRIES	57.15	-15.40
JAI BALAJI INDS	32.50	-14.47
TIL	243.10	-14.46
SUZLON ENERGY	18.95	-14.06
INDIAN BANK	179.60	-14.05
ADANI POWER	52.10	-13.67
SHEKHAWATI POLY-YARN	27.80	-13.13
ALLAHABAD BANK	148.00	-12.97
HOUSING DEV & INFRA	64.40	-12.26
IVRCL ASSETS & HOLDINGS	39.00	-12.26
DIAMOND POWER INFRASTRUCTURE	92.35	-12.26
INDIABULLS POWER	11.55	-12.17
MANAPPURAM FINANCE	23.05	-12.02
CREST ANIMATION	32.85	-11.69
JAIPRAKASH ASSOC	62.90	-11.53
INDIA INFOLINE	46.10	-11.52
DECCAN CHRONICLE HOLDING	34.60	-11.51
EMKAY GLOBAL FINANCIAL SERVICES	26.05	-11.39
GAMMON (I)	39.80	-11.16
PATEL ENGINEERING	91.70	-11.14
UB ENGG	34.10	-10.97
IVRCL	51.15	-10.97
PAREKH ALUMINEX	279.60	-10.96
ARSS INFRASTRUCTURE PROJECTS	85.70	-10.91
ARVIND	76.65	-10.72
EVERONN SYSTEMS (I)	198.60	-10.64
PRITHVI INFORMATION SOLUTIONS	16.40	-10.63
PBA INFRASTRUCTURE	29.45	-10.62
PROVOGUE (I)	12.25	-10.58
NITCO	29.75	-10.53
KAMDHENU ISPAT	15.35	-10.50
ALCHEMIST	57.65	-10.41
EVEREADY INDS	18.50	-10.41
KOPRAN	14.25	-10.38
R S SOFTWARE	66.65	-10.36
GUJ NRE COKE	17.75	-10.35
BOMBAY DYEING	446.70	-10.31
MOTILAL OSWAL FINANCIAL SERVICES	95.30	-10.31
BEDMUTHA INDUSTRIES	16.20	-10.25
VICEROY HOTELS	23.30	-10.04

Stocks with Bullish Engulfing Patterns.

The following stocks have been trending downward in the short and intermediate terms and have formed a bullish engulfing pattern. The probability of an upward reversal in prices has increased.

Security Name	Close
A2Z MAINTENANCE & ENGINEERING SERVICES	101.15
AMARA RAJA BATTE	298.95
BEML	527.45
CELESTIAL BIOLAB	15.95
CREW BOS PRODUCTS	25.75
DEEP INDS	55.65
GIC HOUSING FINA	87.95
GUJ NARMADA	82.20
GUJ STATE PETRONET	65.90
ICRA	1135.80
IDEA CELLULAR	82.05
IDFC	120.85
JMC PROJECTS	102.85
M AND B SWITCHGEARS	75.70
MUTHOOT FINANCE	129.35
NDTV	40.55
NECTAR LIFESCIENCES	22.25
PRICOL	18.00
RALLIS (I)	124.35
RENAISSANCE JEWELLERY	81.65
SHALIMAR PAINTS	445.55
SICAL LOGISTICS	69.00
SPANCO	68.80

Stocks with Bearish Engulfing Patterns.

The following stocks have been trending upward in the short and intermediate terms and have formed a bearish engulfing pattern. The probability of a downward reversal in prices has increased.

Security Name	Close
DIVIS LABS	821.95
EASUN REYROL	63.65
HOUSE OF PEARL FASHIONS	75.90
IL&FS INVESTMENT MANAGERS	27.05
VISAKA INDS	81.10

% Volume Change

The following list shows all stocks whose volumes surged by more than 100% this week compared to the previous week. Upward price movement on large volume change is a bullish (positive) sign for the stock if the stock has been flat or trending downward. Downward price movement on large volume change is a bearish (negative) sign for the stock if the stock has been flat or trending upward. Stocks are arranged in descending order of volume change.

Security Name	Close	% Change	Volume	% Change
GLOBAL OFFSHORE SERVICES	73.40	11.55	206331	3919
JUBILANT INDUSTRIES	206.95	-22.42	269965	3787
M AND B SWITCHGEARS	75.70	32.92	519969	3000
SHALIMAR PAINTS	445.55	17.06	905588	1721
CHEMPLAST SANMAR	14.55	25.97	3638480	1088
CENTRAL BANK OF INDIA	77.80	-15.85	11313347	963
WELSPUN (I)	47.30	10.38	218613	792
MANGALORE CHEMICALS & FERTILIZERS	41.70	14.09	3928928	791
NELCAST	28.90	13.11	556491	545
OMKAR SPECIALITY CHEMICALS	74.25	15.38	177943	426
JINDAL SOUTH WEST HOLDINGS	510.50	-17.38	56558	423
VINATI ORGANICS	99.70	12.08	145402	392
PAREKH ALUMINEX	279.60	-10.96	13468	384
BARTRONICS (I)	25.55	-24.52	1170736	364
MANAPPURAM FINANCE	23.05	-12.03	72102296	326
ROLTA INDIA	69.70	-15.93	5005467	286
BERGER PAINTS	129.85	10.18	1225204	250
ARSS INFRASTRUCTURE PROJECTS	85.70	-10.92	757634	245
GUJ NRE COKE	17.75	-10.36	5025235	222
INDIAN BANK	179.60	-14.05	1841136	193
PRITHVI INFORMATION SOLUTIONS	16.40	-10.63	60093	185
GVK POWER & INFRASTRUCTURE	12.05	-15.74	91704704	184
ORBIT CORPORATION	36.90	-19.35	1440181	169
KIRI INDS	47.30	-17.31	105592	155
JAIPRAKASH ASSOC	62.90	-11.54	122716096	155
TTK PRESTIGE	2893.90	-17.56	1388446	137
EVEREADY INDS	18.50	-10.42	1203989	136
KOPRAN	14.25	-10.38	74066	126
CELESTIAL BIOLAB	15.95	25.09	119127	125
GOENKA DIAMOND & JEWELS	133.40	12.19	719788	123
ARVIND	76.65	-10.72	31608588	121
HOUSING DEV & INFRA	64.40	-12.27	122496992	111
INDIA INFOLINE	46.10	-11.52	3952564	111
MUTHOOT FINANCE	129.35	11.36	904584	109
IVRCL	51.15	-10.97	42132532	104
UNITECH	20.45	-16.36	123271792	103

New Intermediate Uptrend

Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.

The following list shows all stocks & indices beginning a new intermediate uptrend. A new intermediate uptrend normally begins with an upside breakout when demand outstrips supply after a series of falling tops and bottoms.

Security Name	Close
FINOLEX CABLES	37.50

New Intermediate Downtrend

Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.

The following list shows all stocks beginning a new intermediate downtrend. A new intermediate downtrend normally begins with a breakdown when supply soaks up all demand after a series of rising tops and bottoms.
 

Security Name	Close
VIJAYA BANK	52.80
UNITY INFRAPROJECTS	41.45
TTRF	261.30
TINPLATE CO	39.40
TIMKEN INDIA	211.95
TECHNOFAB ENGINEERING	131.80
TATA POWER COMP	92.90
SUNDARAM FASTENE	51.95
SUN PHARMA ADVANCED RESEARCH COMPANY	69.70
SICAGEN (I)	17.50
SHR LAKSMI COTSYN	127.60
SAH PETROLEUMS	30.45
SADBHAV ENGINEERING	131.20
RURAL ELECTRIFICATION CORPORATION	181.70
ROHIT FERRO-TECH	27.75
REDINGTON (I)	83.95
PUDUMJEE PULP	14.75
PRATIBHA INDS	40.95
POWER GRID CORP OF INDIA	101.35
PENINSULA LAND	28.50
PATEL ENGINEERING	91.70
PAREKH ALUMINEX	279.60
ORCHID CHEM	160.30
ORBIT CORPORATION	36.90
ONGC	254.05
NUMERIC POWER SYSTEMS	244.15
NIFTY BENCHMARK EXC. TRD F	499.10
NEHA INTERNATIONAL	38.65
NCL INDS	43.60
MOTILAL OSWAL FINANCIAL SERVICES	95.30
MBL INFRASTRUCTURES	169.15
MARUTI SUZUKI	1235.25
MAGMA FINCORP	63.35
KIRLOSKARB ELECTRIC COMPANY	26.20
JAIPRAKASH POWER VENTURES	37.20
JAIPRAKASH ASSOC	62.90
JAGRAN PRAKASHAN	91.85
J KUMAR INFRAPROJECTS	166.00
INDIAN HOTELS	58.60
IND SWIFT LABS	85.00
HT MEDIA	116.10
HMT	36.35
HIND RECTIFIERS	36.60
HIND COPPER	254.00
HDFC	645.80
HALONIX	50.30
GYSCOAL ALLOYS	11.45
GUJ NRE COKE DVR	12.20
GUJ MINERAL	167.85
GUJ AMBUJA EXPORTS	19.30
GMR INFRASTRUCTURE	21.00
GEOMETRIC SOFTWA	62.05
GAYATRI PROJECTS	111.70
FRESENIUS KABI ONCOLOGY	130.80
DQ ENTERTAINMENT (INTERNATIONAL)	21.40
DHANLAXMI BANK	54.15
DEVELOPMENT CREDIT BANK	39.55
DEN NETWORKS	96.85
DB CORP	195.35
CREST ANIMATION	32.85
COAL INDIA	314.50
CENTURY TEXTILES	278.60
CAIRN INDIA	317.30
C MAHENDRA EXPORTS	124.60
BRIGADE ENTERPRISES	53.00
BOMBAY BURMAH	531.55
BANK OF MAHARASHTRA	48.20
ATLAS CYCLES	302.30
ASTRAZENECA PHARMA IND	1770.20
ASHOK LEYLAND	26.85
ASAHI SONGWON COLORS	82.80
ARVIND	76.65
ACROPETAL TECHNOLOGIES	12.30
ABB	719.65

RAKESH MAKIN

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MARKET ENDED 11.05.2012 FRIDAY

 WERE TODAY'S GAINERS 

MARKET ENDED 11.05.2012 FRIDAY

     SENSEX            16292.98               -127.07

     NIFTY               4928.90                -36.80

     USD/INR            0053.81                +00.71

     NASDAQ            2953.29                +19.65

UPDATEDTIME 09.28 PM  11 MAY  2012

The Sensex slipped sharply in trade after poor IIP data numbers hit investor sentiment. The fall in the index was led by ITC, Infosys and ONGC.

India's industrial output unexpectedly contracted 3.5 percent in March from a year earlier, government data showed on Friday. Analysts expected IIP to grow by 1.8 percent in March 2012 compared to 4.1% in Feburary 2012, according to an ET Now poll. Experts expected the FY12 IIP to grow 3.5-4 percent.

Manufacturing, which constitutes about 76 percent of industrial production, shrank 4.4 percent from a year earlier, the statistics office said.

The capital goods output contracted by 21.3 percent against a growth of 14.5 percent in the same month last year. Larsen & Toubro, part of BSE Capital Goods index ,slipped 1.6 percent after the data was announced. Other capital goods stocks are also losing ground, with construction firm Punj Lloyd down 2.8 percent and Suzlon Energy down 3.3 percent.

The IIP data is very disappointing. The slowdown is due to the manufacturing sector. They need to address the issue of calculating IIP. The RBI is concerned with the high levels of inflation," C Rangarajan, chairman of Prime Minister's Economic Advisory Council.

Keki Mistry, VC & CEO of HDFC Bank, is of the view that hopefully this is the lowest IIP numbers that we are seeing, and we will expect better numbers in the year ahead.

The 30-share Sensex, which had lost 493 points in last three-day, fell further by 127.07 points, or 0.77 per cent to close at 16,292.98, after touching the day's low of 16,233.76.


The Nifty was trading at 4,928.90, down 36.80 points, or 0.6 percent. It touched a high of 4,954.05 and a low of 4,906.15, in today's trade.

The rupee dropped to an intraday low of 53.61 to the dollar while the 10-year bond yield fell 2 basis points to 8.54 percent.

Shares in Jubilant Food Works gain 2.86 percent to Rs 1,081.00 after CLSA upgrades the stock to buy from " outperform," while maintaining its target price at Rs 1,380 after Q4 results.

Shares of SKS Microfinance today surged 19 percent after the Union Cabinet approved a bill to regulate the micro finance industry and bring the micro lenders under the purview of the Reserve Bank.

All sectoral indices, led by realty, capital goods and FMCG, were trading in the negative zone with losses of over 1 percent. The BSE Midcap Index was down 0.9 percent and the BSE Smallcap Index slipped 0.7 percent. The BSE Realty Index slipped 1.7 percent, the BSE FMCG Index dropped 1.1 percent and the BSE IT Index fell 0.9 percent.

Ranbaxy (4.5%), Sun Pharma (3.9%), Tata Power (2.7%), Maruti (2.2%) and Hindalco (2.5%) are among the Sensex losers.

The top Sensex gainers include JP Associates, which was trading 3.2 percent higher at Rs 62.25, and Bajaj Auto, which rose 2 percent to Rs 1,535.38.

BSE-FMCG sector index fell by 1.27 per cent to 4,617.93 while the BSE-Metal index dropped by 1.17 per cent to 10,106.70.

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MARKET ENDED 10.05.2012 THURSDAY

 WERE TODAY'S GAINERS 

MARKET ENDED 10.05.2012 THURSDAY

     SENSEX            16420.05               -59.53

     NIFTY               4965.70                -09.10

     USD/INR            0053.81                +00.71

     NASDAQ            2929.08                -05.63

UPDATEDTIME 09.28 PM  10 MAY  2012

The Sensex ended in the negatitve terrain after paring intraday gains led by losses in metals, auto, power and pharmaceutical stocks.

The BSE index ended at 16,433.70, down 45.88 points, or 0.28 percent. It touched an intraday high of 16,671.81 and a low of 16,377.02.

The Nifty closed at 4,970.50, down 4.30 points, or 0.09 percent. It touched an intraday high of 5,039.30 and a low of 4,950.30.

The BSE Midcap Index was up 0.15 percent and the BSE Smallcap Index slipped 0.21 percent.

Among sectoral indices, the BSE Metal Index was down 1.06 percent, the BSE Auto Index declined 0.79 percent and the BSE Power Index was 0.65 percent lower. The BSE Oil & Gas Index moved up 0.60 percent and the BSE IT Index gained 0.13 percent.

The BSE Midcap Index was up 0.99 percent and the BSE Smallcap Index gained 0.73 percent.

Among sectoral indices, the BSE Bankex was up 1.21 percent, the BSE Capital Goods Index gained 1.20 percent, the BSE Oil & Gas Index was 1.20 percent higher and the BSE Auto Index moved up 0.99 percent. The BSE IT Index was down 0.31 percent.

IDFC (4.12%), Reliance Infrastructure (2.54%), Cairn India (2.33%), Axis Bank (2.15%) and Kotak Bank (2.13%) are among the Nifty gainers.

Ranbaxy Laboratories (1.63%), Maruti Suzuki (1.45%), Infosys Technologies (0.93%), Sun Pharma (0.62%) and Punjab National Bank (0.59%) are among the top losers.

Foreign institutional investors sold shares worth Rs 376.34 crore on Wednesday, as per provisional stock exchange data.

The market breadth was positive on the NSE with 978 gainers against 367 losers
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MARKET ENDED 09.05.2012 WEDNESDAY

 WERE TODAY'S INDEX GAINERS

MARKET ENDED 09.05.2012 WEDNESDAY

     SENSEX            16479.58               -66.60

     NIFTY               4974.80                -25.15

     USD/INR            0053.81                +00.71

     NASDAQ            2937.49                -08.78

UPDATEDTIME 09.28 PM  09 MAY  2012

The Sensex ended a volatile session in the negative terrain on renewed concerns over the eurozone debt crisis. Investors should use the downward correction in the market as an opportunity to cherry pick, analysts said.

Markets are turning defensive, especially as foreign investors show signs of exiting some of their Indian holdings, with net sales of nearly Rs 1,000 crore ($187.88 million) in the last two sessions, according to provisional exchange and regulatory data, the report added.

The Sensex closed at 16,479.58, down 66.60 points, or 0.40 percent. It touched an intraday high of 16,615.74 and a low of 16,422.93.

The Nifty ended at 4,974.80, down 25.15 points, or 0.50 percent. It touched an intraday high of 5,016.25 and a low of 4,956.45.

Investors would do well to pick stocks of their choice as they are available at attractive prices. We will see some kind of a rally in the market in the first and second weeks of JuneHe expects the market to start rallying in June during the onset of monsoon.

If the rains show signs of coming in the first week (of June) in some parts of the country as they normally do and as IMD has been predicting a more or less normal monsoon, it will be the driver of the stock markets.

If the Nifty future breaks below 4,960, it may witness intense selling towards the 4,860-4,820 levels. On the upside, 5,130 would act as an important resistance level where it seeks its 200-day moving average. Sustaining above it could result in some short covering.

The BSE Midcap Index slipped 0.98 percent and the BSE Smallcap Index fell 1.23 percent.

Among sectoral indices, the BSE Realty Index was down 2.99 percent, the BSE Metal Index fell 2.06 percent, the BSE Bankex was 1.89 percent lower and the BSE Power Index slipped 1.84 percent. The BSE FMCG Index gained 2.69 percent and the BSE IT Index moved up 0.21 percent.

DLF (4.18%), State Bank of India (3.64%), M&M (3.21%), NTPC (2.92%) and Jindal Steel (2.90%) were among the top Sensex losers.

Dealers see bearish technical trend emerging in DLF and expect it to slip to Rs 168 levels.

ITC (5.61%), TCS (2.13%), Hindalco Industries (1.36%), Bajaj Auto (1.19%) and Wipro (1.11%) were among the index gainers.

The market breadth was negative on the BSE with 936 gainers against 1,796 losers.

The rupee closed lower against the US dollar in the wake of the eurozone debt crisis. The partially convertible rupee ended at 53.85, down 74 paise against previous close of 53.14.

The European markets continued to remain under pressure. Greece's radical leftist Syriza party has three days to attempt to put together a coalition, reports said. The FTSE 100 was down 1.11 percent, the CAC 40 fell 0.91 percent and the DAX moved 0.43 per cent lower.

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Email:makin_97@yahoo.com

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MARKET ENDED 07.05.2012 MONDAY

 WERE TODAY'S NIFTY GAINERS

MARKET ENDED 07.05.2012 MONDAY

     SENSEX            16912.71               +81.63

     NIFTY               5114.15                +27.30

     USD/INR            0052.90                -00.51

     NASDAQ            2953.19                -03.15

UPDATEDTIME 09.28 PM  07 MAY  2012

The Sensex recovered from early lows to close higher by 82 points after the government deferred the implementation of the General Anti-Avoidance Rules (GAAR) by one year.

The 30-share BSE benchmark dropped 317 points to an intraday low of 16,513.77 on fears that the proposed provisions could lead to a heavy tax burden for foreign investors investing through tax-friendly places like Mauritius.

Buying emerged in the last 30 minutes of trading soon after Finance Minister Pranab Mukherjee announced a slew of measures to provide relief to the equity markets and postponed the implementation of GAAR.

The Sensex bounced back to end 81.63 points, or 0.48 percent, up at 16,912.71 points.

The broad-based Nifty also bounced back from four-month low levels to close higher by 27.30 points, or 0.54 percent, to 5,114.15.

The rally was headed by capital goods, power, metal and consumer durables stocks, even as Reliance Industries and Infosys, two market majors, closed lower.

Significant gains in Larsen & Toubro, Bharat Heavy Electricals Ltd, State Bank of India, Maruti Suzuki,Bajaj Auto, DLF, ICICI Bank, Jindal Steel, NTPC Tata Motors and Tata Steel helped Sensex settle in the positive zone.

Bucking the trend, oil major Reliance Industries fell by 1.53 percent to Rs 715.30 and Infosys by 0.43 percent to Rs 2,430.60.

Foreign institutional investors turned buyers in Indian equities. They bought equities worth Rs 427.92 crore on Friday, as per provisional data. In the last five trading sessions, they bought equities worth Rs 1,224.82 crore.

The rupee is trading near its day's high, now at 53.24/35 versus its previous close of 53.47/48, after the euro recovered from prior falls. The Reserve Bank of India (RBI) is believed to have sold dollars in the morning, according to four dealers.

"The Nifty broke its horizontal range on downside. With that, it also broke the support of 200-DMA. This means the short-term bias for the index is bearish. In that case, we expect a move up to 4,950, which is a 61.8% retracement of the entire advance from 4,531 to 5,630.

If the Nifty breaks 4,950, then the next pivotal point on the way down is 4,768..

The BSE Midcap Index was down 1 percent and the BSE Smallcap Index declined 1.01 percent.

Among sectoral indices, the BSE Realty Index was down 2.3 percent, the BSE Bankex fell 1.93 percent, the BSE FMCG Index was trading 1.3 percent lower and the BSE Oil & Gas Index slipped 1.1 percent.

Jaiprakash Associates (5%), Cairn India (4.4%),State Bank of India (2.5%), Punjab National Bank(3.7%) and Hero MotoCorp (3.4%) are among the top Nifty losers.

BPCL (6.3%), BHEL (3.08%), Ambuja Cements(1.3%), Cipla (0.3%) and Sun Pharma (0.46%) are among the Nifty gainers.

Japan's Nikkei 225 index plunged 2.8 percent to close at 9,119.14 -- its lowest finish in three months -- with the market's export sector also sapped by a rising yen. Hong Kong's Hang Seng slid 2.6 percent to 20,536.59.

Among European markets, Germany's DAX dropped 1.5 percent to 6,463.67 and France's CAC-40 shed 1.6 percent to 3,112.49. Britain's markets were closed for a public holiday.

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