Mumbai: The benchmark indices retreated a bit on the back of sell-off in oil & gas, metal, banking, select technology and capital goods stocks. However, realty moved up ahead of Interim Budget.
At 9:58 am, the Nifty went down 19 points, to 2,929 and at 1200 hrs the Sensex was trading at 9,583, was down 208.55 points. However, CNX Midcap 100 gained 3.45 points at 3,506.
Among frontliners, ONCC, Bharti, SAIL, SBI, Reliance Communication, Wipro, Tata Communication, BHEL, Reliance Industries, NALCO, BPCL, ACC, Reliance Power and Infosys have lost ground. However, DLF, Tata Motors, Unitech and ABB are gainers in the early trade.
Bartronics India jumped over 6% as the company said it will earn minimum revenue of Rs 5000 crore over 9 years in Delhi kiosks project.
Maytas Infra locked at 5% lower circuit, after seeing gains in last three days, wherein it locked 5% upper circuit for last three days.
Asian markets are trading mixed. Shanghai gained 1.3%. However, Hang Seng fell 1.7%. Nikkei, Straits Times, Kospi and Taiwan fell marginally.
US markets slipped as financials slide post Lloyds Banking Group posted a big loss at its HBOS unit, Lloyd tumbled 33%. Crude gained over 11% to end near $38 a barrel. Senate passed $787 billion Stimulus Plan and President Barack Obama will officially sign the same on Tuesday.
Dow Jones Industrial Average ended down 1% or 82 points at 7,850 and was down 5.2% for the week. It lost 10.5% YTD. Dow Jones closed below 8,000 for fourth consecutive day, longest sub-8,000 streak since March 2003.
Nasdaq was down 0.5% or 7 points at 1,534. It fell 3.6% for the week and lost 2.7% YTD. S&P 500 ended down 1% or 8.35 points at 826. It was down 4.8% for the week and lost 8.5% YTD.
Market cues:
Interim budget to be announced today
FIIs net sell USD 41.1 million in equity on February 12
MFs net sell Rs 203.5 crore in equity on February 12
NSE F&O Open Int up by Rs 1,600 crore to Rs 56,698 crore
F&O cues:
Nifty up 1.9%; Feb Open Int up by 9.3 lakh shares or 3%
Total Fut Open Int up by Rs 1,306 cr, total Options Open Int up by Rs 294 crore
Nifty Feb Fut discount ends at 2 pts versus 5 pts a day ago
Stock Fut add 2.5 cr shares in Open Int
Nifty Open Int Put-Call ratio up from 1.29 to 1.33
Nifty Calls shed 3.8 lk shrs in Open Int; Puts add 8.5 lk shrs in Open Int
Nifty Feb 3100 Call adds 4 lakh shares in Open Int
Nifty Feb 3000 Put adds 3.2 lakh shares in Open Int
Nifty Feb 2900 Put adds 2.9 lakh shares in Open Int
Nifty Mar 2900 Put adds 2.3 lakh shares in Open Int
Nifty Feb 2800 Put sheds 8.8 lakh shares in Open Int
Nifty Feb 2900 Call sheds 4.2 lakh shares in Open Int
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