Nifty holds 5400; metal, realty, auto up

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Nifty above 5450; Tata Steel, JSPL, Hindalco lead recovery

At 09.06 hrs IST, the Indian markets opened on a positive note on back of positive global cues. The benchmark index Nifty gained close to 1% in the opening bell. The broader markets too opened on a strong note. BSE Midcap and Smallcap index were up 1.3% and 1.4% respectively.

Metal, realty, consumer durables, capital goods, auto and banking stocks led the recovery. All BSE sectoral indices were trading in green.

The Sensex was up 184.46 points or 1.02% at 18182.87, and the Nifty was up 52.60 points or 0.97% at 5461.30. About 1764 shares advanced, 1240 shares declined, and 381 shares remain unchanged.

Tata Steel, JSPL, Sterlite Ind, Hindalco, ICICI Bank, JP Associates, Tata Motors, ONGC, DLF, GAIL, Axis Bank were gainers in the Nifty. Sun Pharma, HUL and NTPC were trading marginally lower.

In the midcap space, Kwality Dairy, Apollo Tyres, Indiabulls, Sintex India and SKF India were up 3-6%. On the losing side,  AstraZeneca, Coromandel Int, Guj Ind Power and Atlas Copco were down 1-2%.

In the smallcap space, Raj Oil Mills, Ruby Mills, PNB Gilts, Venus Remedies and Gokaldas Export were up 7-13%. AP Paper Mills, Nirlon, Zylog Systems and Symphony ConfSy were down 2-3%.

Asian markets were trading higher. Nikkei surged 3%.Seoul Composite and Taiwan Weighted Shanghai Composite gained 1%.

Japanese shares jumped over 3 percent while the yen fell as the Bank of Japan held an emergency meeting to curb a rise in the Japanese currency that is threatening a fragile economic recovery.

The strengthening Japanese currency, which hit a 15-year high of 83.58 yen against the dollar last week, has taken its toll on the country's exporters, pushing the Nikkei down nearly 20 percent since its peak in early April.

On Friday US markets witnessed the best gain in three weeks after better than expected GDP numbers and Bernanke's comment.

Market cues:
DTC to be presented in parliament today
US mkts surge on Friday, Dow ends above 10,000
Asian markets firm in early trade
FIIs were net buyers of USD 33.5 million in equities on August 26
NSE F&O Open Int was up by Rs 8811 crore at Rs 1.41 lakh crore

As per provisional data of August 27, FIIs were net sellers of Rs 108 crore; DIIs were net buyers of Rs 240 crore in cash markets. FIIs were net buyers of Rs 2484 crore in F&O.

F&O cues:
Futures Open Int up Rs 194 crore
Options Open Int up Rs 8617 crore
Nifty Futures add 6.2 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.45 versus 1.41
Nifty Puts add 94 lakh shares in Open Int
Nifty Calls add 50 lakh shares in Open Int
Nifty 5400 Put adds 15 lakh shares in Open Int
Nifty 4900 Put adds 15 lakh shares in Open Int
Nifty 5100 Put adds 12 lakh shares in Open Int
Nifty 5400 Call adds 12 lakh shares in Open Int
Nifty 5700 Call adds 9.4 lakh shares in Open Int
Stock Futures add 3.1 crore shares in Open Int

FIIs in F&O on August 27
Net sell Rs 222 crore in Nifty Futures
Net buy Rs 2806 crore in Nifty Options