Markets dip in red: Cement, telecom down

Mumbai: The bulls have given up the holding to bears. Cement, real estate, telecom and capital goods stocks have dragged the market lower.

At 1027 hrs IST, the Sensex was down 10 points at 14,869 and the Nifty was down 9.3 points at 4350.

DLF's listing could not hold the market on the higher side, which also impacted on other real estate stocks.

The market breadth turned into negative, with 332 shares advancing and 668 shares declining.

The top losere were Ambuja Cements, Bharti Airtel, ABB, BHEL and Ranbaxy Labs whereas gainers like Larsen, HUL, ICICI Bank, Maruti Udyog and M&M.

Nifty July Futures was trading at a discount of 8.5 points at 4,342.

DLF, UTI Bank, NTPC, Vishal Retail and IFCI were the most active shares on the bourses.

Market cues

* FIIs net buy USD 100.6 mn in equity on July 3

* MFs net buy Rs 54.7 crore (Rs 547 million) on July 3

* NSE F&O Open Interest up by Rs 2,025 crore (Rs 20.25 billion) at Rs 68,692 crore (Rs 686.92 billion)

F&O cues

* Futures Open Interest up Rs 602 crore (Rs 6.02 billion); Options Open Interest up by Rs 1,423 crore (Rs 14.23 billion)

* Nifty Futures sheds 1.66 lakh shares in Open Interest

* Nifty Open Interes Put-Call ratio down at 1.47 from 1.54

* Nifty Calls add 13.9 lakh shares in Open Interest

* Nifty Puts add 12.5 lakh shares in Open Interest

* Nifty Aug 4350 Put adds 3.2 lakh shares in Open Interest

* Nifty Aug 4350 Call adds 3.17 lakh shares in Open Interest

* Nifty 4350 Put adds 3.07 lakh shares in Open Interest

* Nifty 4400 Call adds 2.54 lakh shares in Open Interest

* Nifty 4300 Call adds 2.07 lakh shares in Open Interest