Mkts open positive; metals, infra, oil & gas exploration up

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The US markets gained as oil gained 3.5%. Madoff sentenced to 150 years in prison.

The Dow Jones Industrial Average gained 91 points or 1% at 8,529. The S&P 500 was up 8.3 points or 0.91% at 927.2 and the Nasdaq Composite rose 6 points or 0.32% to 1,844. No major economic news was released in the US Market.

Commodities

Crude Nymex August gained 3.4% at $71.5 a barrel. It surged 44% last quarter.

Crude gained after Nigerian militants shut a field operated by Royal Dutch Shell Plc.

Copper was up 1.3%, at 2-week highs.

The Baltic Dry Index was up 0.8%.

Gold declined $0.40 at $940.6/ounce.

Market cues:

-Total F&O Open Int up by Rs 2,172 crore to Rs 56,464 crore
-FIIs net buy Rs 292 crore in cash market on June 29 (prov)
-DIIs net buy Rs 143 crore in cash market on June 29 (prov)
-FIIs net sell Rs 69 crore in F&O

F&O cues:

-Total Futures Open Int up by Rs 339 crore, Total Options Open Int up by Rs 1,833 crore
-Nifty up 0.35%, Nifty Futures Open Int down by 1.2%
-Nifty Put Call Ratio at 0.9 versus 0.94
-Nifty Calls add 22 lakh shares in Open Int, Nifty Puts add 11 lakh shares in Open Int
-Nifty 4600 Call adds 5.4 lakh shares in Open Int
-Nifty 4800 Call adds 4 lakh shares in Open Int
-Nifty 4400 Call adds 2.8 lakh shares in Open Int
-Nifty 4700 Call adds 2.3 lakh shares in Open Int
-Nifty 3800 Put adds 2 lakh shares in Open Int
-Stock Futures add 2.6 cr shares in Open Int