January 18, 2011 / 10:44 IST
The benchmark Nifty started the day on a positive note and touched the 5700 level in early trade, led by financial, metal, cement and metal stocks. Even the Sensex got back above 19,000 level on strong pullback after a massive sell-off seen in last week.
TCS rallied 3.8% post good set of numbers. Its Q3 consolidated net sales were up 4% at Rs 9,663.35 crore and net was up 9% at Rs 2,369.83 crore as against estimates of Rs 9653.82 crore and Rs 2203.250 crore, respectively.Wipro was up 2% while Infosys was marginally in red.Among frontliners, SAIL, Tata Steel, Suzlon Energy, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Jaiprakash Associates, SBI, Hindalco, M&M and ACC were on buyers' radar.After huge sell-off seen on Monday, Anil Dhirubhai Ambani Group companies' shares like Reliance Capital, Reliance Communications, Reliance Power and Reliance Broadcast bounced back with 1-2% gains.However, Infosys, Hero Honda, ONGC, Tata Power and Maruti Suzuki were witnessing selling pressure.Midcap & Smallcap spaceIndiabuls Real Estate gained 3.8% ahead of numbers. The company will demerge power operations from company and merge power operations with arm Indiabulls Infra.PSL was up 3.7%. Bajaj Finserv and Cadial were up 1.5-2.5% ahead of earnings today. Orchid Chemical, City Union Bank, IFCI, LIC Housing, Apollo Tyres, Canara Bank, PFC, IDFC, Bharat Forge, Yes Bank and Punj Lloyd were up 1-2.5%.HCC tanked 5% as Environment ministry said gross violations made by Lavasa. "It is difficult to okay project."_PAGEBREAK_Asian markets were trading with moderate gains. Hang Seng, Straits Times, Kospi, Taiwan and Nikkei were up 0.2-0.9%.CommoditiesCrude oil was down 0.6% at USD 91/barrelGold rose 0.14% at USD 1362/ounceSilver went up 0.1% at USd 28.34/ounceCopper was down 0.6%Natural Gas was up 0.8%Sugar fell 4%F&O cues: Total Nifty futures up Rs 75 crore, Options up Rs 2206 croreNifty Fut Open Int net add 2.7 lakh shares in Open Int; Nifty futures prem at 3 pts versus flat Nifty Open Int PCR up at 0.91 from 0.90Nifty Put add 20.6 lakh shares in Open Int, Call add 16.7 shares in Open IntHighest Open Int outstanding on call side at 6200 call, 5600 PutNifty 5700 Call adds 15.5 lakh shares in Open Int; prem down from 68 to 62Nifty 5400 put adds 12.1 lakh shares in Open Int; prem down from 27.3 to 16.8 Nifty 5500 Put add 10.2 lakh shares in Open Int; prem down from 45 to 33Nifty Feb 5600 Put adds 4.5 lakh shares in Open Int; prem down from 151 to 138Nifty 5600 Call adds 4.2 lakh shares in Open IntNifty Feb 5500 Put add 3.14 lakh shares in Open Int; prem down 120 to 104Nifty 5800 Put shed 7 lakh shares in Open IntNifty 5600 Put shed 4.7 lakh shares in Open Int Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
