Market ends with modest loss; Oil & gas, IT gain

At 11.36 a.m., the Sensex is down 16.37 points or 0.09% at 17356.64, and the Nifty down 7.70 points or 0.15% at 5136.95.

About 1466 shares have advanced, 1375 shares declined, and 245 shares are unchanged.

Tata Steel, TCS and ITC  top gainers on the Sensex.

However, BHEL, Bharti Airtel and ICICI Bank top losers on the Sensex.

Most active shares on BSE Aishwarya Tele, Bharti Airtel and Rel Capital.

Markets trade weak; TCS, Cairn India top gainers

The markets are trading quiet with negative bias. Bank, Capital goods, power indices are witnessing selling pressure. However, buying interest has been seen in IT, metal, pharma and FMCG indices. IT stocks continue to trade higher after rupee slipped to 8-month low of Rs 40.96 per US dollar.

At 10.37 hrs IST, the Sensex is down 47.47 points or 0.27% at 17325.54, and the Nifty down 13.35 points or 0.26% at 5131.30.

About 1429 shares have advanced, 1437 shares declined, and 220 shares are unchanged.

TCS, HUL, Tata Steel and Cairn India are top gainers on the bourses. 

However, BHEL, Bharti Airtel, ICICI Bank and BPCL are top losers on the bourses.

The markets have opened with marginally gain, but gave up its gain within a minute, and now its is trading weak. Nifty is hovering around 5120. Power, Oil & Gas and banking indices are witnessing selling pressure. However, buying was seen in IT, Teck and metal space.

At 9:56 am, the Sensex is down 68 points at 17305, and the Nifty down 16 points at 5128.25.

Relaince Petroleum, ACC, PNB, JP Associate, HDFC Bank among major losers.

Satyam, Infosys, Wipro, TCS and HCL Technologies among major gainers.

Asian markets

Asian markets were trading mixed. China's Shanghai Composite rose 0.61% or 22.65 points at 3,756.159. Japan's Nikkei advanced 0.93% or 130.23 points at 14,179.49. Taiwan's Taiwan Weighted gained 1.07% or 94.66 points at 8,952.03. However, Hong Kong's Hang Seng was down 0.24% or 62.46 points at 26,199.67. Singapore's Straits Times fell 0.04% or 1.33 points at 3,247.42. South Korea's Seoul Composite declined 0.06% or 1.19 points at 1,857.87.

US markets

US markets rose to a four month high. Financial and energy shares sparked the positive moves on the US indices. Fannie Mae climbed 8.9% after dropping as much as 7.3% as the government loosed restrictions on the company. The Dow Jones industrial average added 51.29 points, or 0.40%, to 13,020.83.

Market cues:

• FIIs net sell $76 mn in equity on May 5
• MFs net buy Rs 141.3 cr in equity on May 5
• NSE F&O Open Int up by Rs 939 crore at Rs 68645 cror

F&O cues:

• Futures Open Int up by Rs 391 crore, Options Open Int up by Rs 547 crore
• Nifty Futures add 6.7 lakh shares in Open Int
• Nifty Open Int Put-Call ratio at 1.41
• Nifty Puts add 3.5 lakh, Calls add 2.3 lakh shares in Open Int 
• Nifty 5000 Put adds 1.8 lakh shares in Open Int
• Nifty 5200 Put adds 1.5 lakh shares in Open Int
• Nifty 4800 Put sheds 2.4 lakh shares in Open Int
• Nifty 5200 Call adds 1.7 lakh shares in Open Int
• Stock Futures add 71 lakh shares in Open Int