Mkts turn volatile; FMCG up, oil & gas exploration dip

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The US markets managed to recover from the day's low post improvement in the US services sector, which accounts for 80% of the economy. The CRB (Commodity Research Bureau) was down 2.3%.

The Dow Jones Industrial Average ended up 44 points at 8,325, after seeing recovery of 120 points from day's low of 8,206. The Nasdaq Composite was down 9 points at 1,787, after recovering 17 points from day's low of 1,770. The S&P 500 ended up 2.3 points at 899, after seeing recovery of 13 points from day's low of 886.

Commodities

The CRB Index ended down 2.3%. The US Dollar Index was up 0.6%.

Crude declined 4% at $64 a barrel, at 5-week low.

Gold was down 1% to 2-week lows at $924/ounce.

Baltic Dry index was down 4.1% and took losses since June 3 to 21%.

Copper declined 3% to 2-week lows and Tin declined 1.5%.

F&O cues:

-Stock Futures shed 5 crore shares
-NSE F&O Open Int up by Rs 715 crore at Rs 69,179 crore
-Futures Open Int down by Rs 2,414 crore and Options Open Int up by Rs 3,129 crore
-Nifty Futures add 6 lakh shares in Open Int, at 12-pt discount
-Nifty Open Int Put Call Ratio at 0.86 versus 0.99
-Nifty Puts add 1 lakh shares
-Nifty Calls add 62 lakh shares in Open Int
-Nifty 4000 Put sheds 5.5 lakh shares in Open Int
-Nifty 3900 Put sheds 3.4 lakh shares in Open Int
-Nifty 4400 Call adds 13.5 lakh shares in Open Int
-Nifty 4500 Call adds 9 lakh shares in Open Int
-Nifty 4600 Call adds 9 lakh shares in Open Int