Mumbai: The markets have shown some recovery following some recovery in Asian markets but still trading with choppy mode a bit. Technology, pharma, and FMCG stocks are supportive while realty, banking, capital goods and auto under selling pressure.
Midcap and small cap indices are on the weaker side. Both major indices are hovering around 15500 and 4600 levels. On the global front, Asian markets have recovered from their days low and trading mixed.
Market breadth is negative, 444 shares advanced while 739 shares declined on the NSE. about 1086 shares have advanced, 1844 shares declined, and 183 shares are unchanged on the BSE.
At 1136 hrs IST, the Sensex was up 92 points at 15,607 and the Nifty down 39 points at 4625. Midcap and small cap indices are flat with negative bias.
IT Index was up nearly 3 per cent, Healthcare and FMCG gained over 1 per cent; Metal and Power also up over 0.7 per cent. However, Realty Index fell 2 per cent, Bankex down 0.8 per cent, Capital Goods and Auto down marginally.
ONGC is the only stock among frontliners, which has been holding its gain of 5-6 per cent since yesterday though others also witnessing some buying interest.
Top gainers were ONGC, Satyam, Infosys, HUL, Tata Power, Sun Pharma and GAIL while BHEl, DLF, Ambuja Cements, HDFC Bank, Cairn and Power Grid losers.
At 0956 hrs IST, the Sensex was up 34 points at 15,548 and the Nifty up 28 points at 4614. The CNX Midcap was up 11 points at 6211.
Buying was seen in ONGC, TCS, Ranbaxy, BPCL, Infosys, Unitech, ACC, NTPC, Suzlon and Hindalco while selling in Maruti, Zee, M&M, Reliance Industries, ICICI Bank, ITC and DLF.
Asian markets were trading lower. Shanghai Composite was down 1.02 per cent or 34.39 points at 3,335.52. Nikkei 225 Average plunged 0.71 per cent or 102.42 points at 14,333.15. Jakarta Composite was down 0.22 per cent or 5.24 points at 2,357.35. Straits Times fell 17.05 points or 0.54 per cent at 3,117.75. Seoul Composite was down 0.67 per cent or 12.24 points at 1,821.57. Taiwan Weighted fell 0.51 per cent or 44.06 points at 8,583.74. However, Hang Seng recoverd smartly.
It was a volatile session for the US markets. Banks fell to their lowest level in eight years on Fed Chairman Ben Bernanke's warning that inflation is still a concern. The Dow Jones industrial average slipped 12.37 points, or 0.10 per cent, to 12,390.48. The Standard & Poor's 500 index was down 0.45 points, or 0.03 per cent, to 1,377.20, while the Nasdaq advanced 22.66 points, or 0.91 per cent, to 2,503.14.
Market cues:
- FIIs net sell $236 mn in equity on June 3
- MFs net buy Rs 124.1 cr in equity on June 3
- NSE F&O Open Interest up by Rs 868 crore at Rs 67,564 crore
F&O cues:
- Futures Open Interest down by Rs 764 crore, Options Open Interest up by Rs 1,632 crore
- Nifty Futures add 8 lakh shares in Open Interest
- Nifty Open Interest Put-Call ratio at 1.59 Vs 1.67
- Nifty Puts add 13.5 lakh shares in Open Interest
- Nifty Calls add 16.6 lakh shares in Open Interest
- Nifty 4500 Put adds 11 lakh shares in Open Interest
- Nifty 4800 Put sheds 8 lakh shares in Open Interest
- Nifty 4600 Call adds 5 lakh shares in Open Interest
- Stock Futures shed 61 lakh shares in Open Interest
Comments
0 comment