Both Sensex and Nifty had a bad day. Know why

Both the Sensex and the Nifty started the week on a backfoot as concerns of global growth slowing re-emerged across the equity world. Other reasons for stocks remaining in the red in India are that traders are refraining from taking long positions as it is the expiry week in India. Investors are also cautious ahead of the 2-day FOMC meet of the US Fed, which starts on Tuesday in New York. As a consequence, markets in Asia are in a serious downdraft and futures in Europe have opened weaker. Meanwhile, here is a snapshot of how markets are trading around 11:15 pm with a special focus on the futures and options space:

MAJOR INDICES:
NIFTY fell 104 points to 8,418. Tata Steel, Hindalco were the top losers.
SENSEX lost 396 points to quote at 27,716 levels.
HANG SENG Index, in Hong Kong, dropped 3.4 percent to 24,276 points
China's SHANGHAI weighted Index plunged 8.5 percent to 3,759 points at close
Taiwan's TAEIX Index lost 2.4 percent to 8,556 points.


SECTORAL INDICES:
BANK NIFTY fell 305 to 18,330 points.
CNX FMCG Index down 126 at 20,177 points
CNX IT Index dropped 50 at 11,414 points
CNX Metal Index fell 47 to 2,104 points
CNX Pharma Index lost 125 at 12,100 points


FUTURES AND OPTIONS
MAJOR GAINERS
Sun TV
Andhra Bank
IB Real Estate

MAJOR LOSERS
Indian Overseas Bank
Havells
Tata Steel

TOP OI GAINERS
Idea
LIC Hsg Fin
Jubilant Foods

TOP TRADED FUTURES
Reliance Industries
Tata Motors
HDFC Bank

52-WEEK HIGHS
Granules India
Britannia
HPCL

ADVANCE-DECLINE RATIO
Nifty: 8/42
Sensex: 3/27
Futures: 30/130
Broader Market: 1,038/1,469

Imagecredit: Indiatimes