Mumbai: The markets are trading in a rangebound territory with small ups and downs. Buying has seen in realty, auto, power, and some capital goods stocks while banking and oil & gas stocks mixed. Midcap and Small cap indices were up 0.5 a percent. On the global front, Asian markets are flat in trade.
At 1035 hrs IST, the Sensex was down 10.82 points at 15,385 and the Nifty down 1.25 points at 4,571. The Nifty June Futures was trading at a discount of 14 points.
Market breadth is positive; about 1085 shares are advancing while 845 shares declining. Nearly 1191 shares are unchanged.
Top gainers were Jaiprakash Associates, Maruti, Cipla, Unitech and BPCL while ICICI Bank, Reliance Communication, Bharti Airtel, Tata Power and Tata Communications losers.
Realty Index was up 1.8per cent due to buying in Indiabulls Real, Phoenix Mills, Unitech, Puravankara Proj, Parsvnath, Omaxe, HDIL and DLF.
Auto stocks like Maruti Suzuki, Punj Tractors, Hero Honda, Escorts, TVS Motor, M&M and Tata Motors are running on the good road. Index was up 0.8per cent.
Capital Goods Index rose marginally by 0.4per cent on the back of buying in Alstom Projects, Areva T&D, Jyoti Structures, BHEL, Siemens and L&T.
Power Index was up 0.4per cent. Stocks like NTPC, GVK Power, Torrent Power, Reliance Power, Power Grid Corp and Suzlon Energy have gained. However, losers were Tata Power and CESC.
Oil & Gas Index fell 0.3per cent due to selling in GAIL, Reliance Ind and Cairn India. However, buying seen in Essar Oil, HPCL and BPCL.
Bankex was down 0.35per cent as selling seen in Union Bank, PNB, ICICI Bank, Karnataka Bank, Axis Bank and Kotak Mahindra. Buying witnessed in IOB, Oriental Bank, Canara Bank, Bank of India, Allahabad Bank and HDFC Bank.
Markets at 0956 hrs IST: Markets flat in opening trade
The markets are flat in the opening trade and witnessing some sort of volatility after yesterday's strong pull back rally. It seemed that market is consolidating at these levels. All indices are nearly flat. Some buying has seen in realty and auto stocks while selling in oil & gas and technology stocks.
At 0956 hrs IST, the Sensex was up 9.42 points at 15,405 and the Nifty up 3.70 points at 4,576. The CNX Midcap was up 8.75 points at 6,159. Market breadth is positive; 473 shares are advancing while 293 shares declining on the NSE.
Amongst frontliners, Reliance Industries, Reliance Comm, Reliance Infra Satyam, Infosys, Wipro, Nalco, ONGC, L&T and Bharti Airtel were losers while Cairn India, Ranbaxy, Hindalco, Cipla, HDFC Bank, Maruti, Ambuja Cem, ICICI Bank, BHEL, NTPC, M&M, HDFC and PNB gainers.
GHCL shot up over 4.5per cent after the news that AL Rostamani is going to buy 15per cent promoters stake in the company.
Asian markets were trading weak barring Hang Seng. Shanghai, Nikkei, Straits Times, Kospi, Jakarta composite and Taiwan Weighted were down.
US markets witnessed volatility through the day. The banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. The Dow Jones industrial average lost 38.27 points, or 0.31per cent, to 12,269.08. The Standard & Poor's 500 index gained 0.11 points, or 0.01per cent, to 1,360.14. The Nasdaq composite index added 20.28 points, or 0.83per cent, to 2,474.78.
Market cues:
- FIIs net sell $12.9 mn in equity
- NSE F&O Open Interest up byRs 46 crore at Rs 82,329 crore
F&O cues:
- Futures Open Interest down by Rs 292 crore and Options Open Interest up by Rs 339 crore
- Nifty Futures shed 20 lakh shares in Open Interest
- Nifty Open Int Put-Call ratio at 1.60 Vs 1.61
- Nifty Puts add 1.3 lakh shares in Open Interest
- Nifty Calls add 2.5 lakh shares in Open Interest
- Nifty 4600 Put adds 4.6 lakh shares in Open Interest
- Nifty 4800 Put sheds 8.8 lakh shares in Open Interest
- Nifty 4800 Call adds 3 lakh shares in Open Interest
- Nifty 4600 Call adds 2.6 lakh shares in Open Interest
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