Mkts volatile in early trade; metals, realty decline

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

The US markets slid on the back of weaker-than-expected jobless report. Crude and metals dropped. The S&P 500 fell for a third straight week, but was still up 32.5% from March 09 low.

The Dow Jones Industrial Average dropped 223 points or 2.6% to 8,280.7 and the S&P 500 Index slid 26.9 points or 2.9% to 896.4. The Nasdaq Composite tumbled 49.2 points or 2.7% to 1,796.5.

Commodities

Crude oil tumbled 3.7% to $66.7 a barrel.

Gold was down $10 at $931/ounce.

Gauge of 6 metals in London dropped 1.2%.

Copper was down 1% and Aluminium fell 1.5%. Lead declined 2.2%.

Baltic Dry Index lost 1.8% to a three-week low; was down 5.8% for the week.

Sugar declined 1% to 17.58.

Market cues:

-FIIs net buy USD 34 million on July 1
-MFs net sell Rs 166 crore on July 1
-Total F&O Open Interest up by Rs 2183 crore to Rs 62842 crore
-FIIs net buy Rs 247 crore in cash on July 2 (prov)
-DIIs net buy Rs 212 crore in cash on July 2 (prov)
-FIIs net buy Rs 96 crore in F&O

F&O cues:

-Total Futures Open Interest down by Rs 149 crore, Total Options Open Interest up by Rs 2,332 crore
-Nifty remains unchanged, Futures remain flat
-Nifty July Futures trading at 3-pt discount
-Nifty Open Interest Put Call Ratio at up from 0.92 to 0.93
-Nifty Calls Add 23.2 lakh shares in Open Interest, Nifty Puts Add 24.6 lakh shares in Open Interest
-Nifty IVs at 42-45% levels
-Nifty 4800 Call Adds 8.6 lakh shares in Open Interest
-Nifty 4300 Call Adds 6.6 lakh shares in Open Interest
-Nifty 3900 Put Adds 5.6 lakh shares in Open Interest
-Nifty 4200 Put Adds 4.1 lakh shares in Open Interest
-Nifty 4000 Put Adds 3.6 lakh shares in Open Interest
-Nifty 4700 Call Adds 3.5 lakh shares in Open Interest
-Stock Futures Shed 1.2 cr shares in Open Interest