Mumbai: The markets opened lower on account of terror attack in Mumbai but immediately rebounded with marginal gains along with extreme choppiness. Settlement for the November series which was postponed by a day due to the terror strikes is also adding to the volatility.
At 10 am, the Sensex fell 24 points to 9,002 and the Nifty lost 2.05 points to 2,750. CNX Midcap fell 1% to 3,256.
ONGC, Bharti Airtel, NTPC, BHEL, Infosys, HDFC Bank, TCS, HCL Tech are trading higher. However, Sun Pharma, Reliance Communication, Reliance Power, Tata Steel, ICICI Bank, L&T, HDFC, SAIL and Reliance Infrastructure. are losers.
Hotels shares are taking beating after that terror attack, as terrorist attacked major Hotels in Mumbai like Taj and Oberoi. Indian Hotels fell 13% and EIH lost 7%. Taj GVK plunged 10%. CB Bhave, Chairman, Securities and Exchange Board of India, said that the exchanges will trade today. However, the final call on resuming trade will be taken later.
The forex, money, bond and commodity exchanges have opened already. Both the Bombay Stock Exchange and the National Stock Exchange remained closed on Thursday, as per the directive of the capital market regulator, due to the terror attacks in Mumbai.
Asian markets are trading mixed. Hang Seng rose 1.96%. Kospi gained 1.14%. Nikkei and Jakarta rose 0.4-0.8%. However, Shanghai and Straits Times fell over 1%. Taiwan lost marginally.
Crude January Future is trading at USD 53-54 to a barrel on the NYMEX, ahead of OPEC meet.
US stocks and bond markets closed on Thursday in observance of Thanksgiving. Markets will reopen on Friday for a half day.
Market cues:
Biggest ever terrorist attack in Mumbai
SGX Nifty down 2.4% yesterday
NSE F&O Nov series expiry today
NSE F&O Open Interest up by Rs 2,888 crore at Rs 56,337 crore
F&O cues:
Marketwide rollover at 60% versus 51% seen on D-1 of last series
Nifty rollover at 54% versus 52% seen on D-1 of last series
Nifty Futures rolled 2.3 crore shares vs 2.3 crore shares last expiry (in-line)
Stock Futures rolled 53 crore shares versus 47 crore shares last expiry
Nifty Nov at 5-point premium, Dec at 16-point premium
Nifty Open Int PCR at 0.89 versus 0.84
Nifty Puts add 23 lakh shares, Calls shed 2 lakh shares in Open Int
Nifty 2600 Put adds 10 lakh shares in Open Int
Nifty 2500 Put adds 3.6 lakh shares in Open Int
Nifty 2700 Call adds 3 lakh shares in Open Int
Nifty 2800 Call adds 2 lakh shares in Open Int
Stock futures add 1.6 cr shares in Open Int
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