Nifty choppy with positive bias; ONGC, TCS, Wipro slip
Published on Wed, Jan 20, 2010 at 10:23 | Source : Moneycontrol.com
Updated at Wed, Jan 20, 2010 at 11:26
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Nifty choppy with positive bias; ONGC, TCS, Wipro slip
At 10:16 hours IST, the benchmark Nifty was trading off day's high on the back of selling in FMCG, oil marketing and select technology companies' shares. HDFC Bank, ONGC, Cairn, Axis Bank and Tata Motors were the other losers.
The Dow Jones Industrial Average ended up 116 points at 10,725. The Nasdaq Composite was up 32 points at 2,320 and S&P 500 up 14.2 points at 1,150.
Commodity:
CRB Commodity Index was up 0.7%.
Nymex February Crude gained 1.3% at USD 79 a barrel, due for expiry today.
Crude prices had declined 5.7% previous week.
Copper was up 2%. It traded at one week high.
Gold was up 0.9% at $1140.5/ounce and silver up 2% at $18.8/ounce.
Sugar made fresh 29-year high.
Baltic Dry Index was down 2.6%.
Market cues:
-FIIs net buy USD 64 million on January 18 -Total F&O Open Interest up by Rs 1623 crore at Rs 114,035 crore -FIIs net sell Rs 362 crore in cash on January 19 (Prov) -DIIs net buy Rs 22 crore in cash on January 19 (Prov) -FIIs net sell Rs 272 crore in F&O on January 19
F&O cues:
-Total Futures Open Int down by Rs 6 crore, Total Options Open Int up by Rs 1629 crore -Stock Futures Add 1.4 crore shares in Open Int -Nifty Calls add 22.5 lakh shares, Nifty Puts add 4 lakh shares in Open Int -Nifty PCR at 1.28 versus 1.34 -Nifty Futures add 4 lakh shares, Futures at a 12 point discount -Nifty 5200 Call Adds 8.2 lakh shares in Open Int -Nifty 5300 Call Adds 8.5 lakh shares in Open Int -Nifty 5200 Put Sheds 5.8 lakh shares in Open Int -Nifty 5300 Put Sheds 4.3 lakh shares in Open Int
