Nifty hovers around 5100; auto, telecom, realty, SBI up
Published on Tue, Nov 24, 2009 at 11:04 | Source : Moneycontrol.com
Updated at Tue, Nov 24, 2009 at 11:21
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Nifty hovers around 5100; auto, telecom, realty, SBI up
At 11:01 hours IST, the Nifty was consolidating at its previous closing value as traders looked cautious post two-day rally. Shares of telecom, realty, auto and oil marketing companies were seeing buying interest, which capped the losses to some extent. SBI, Cipla and Wipro were the other gainers.
The Dow Jones Industrial Average ended up 133 points or 1.3% at 10,451, which came off 45 points from day's high of 10,495.
The Nasdaq Composite ended up 30 points or 1.4% at 2,176, which came off 14 points from day's high of 2,190. The S&P 500 Index ended up 15 points or 1.36% at 1,106, which came off 6 points from day's high of 1,112.
US existing home sales jumped 10.1% in October, strongest in 2 1/2 years (market expected 2.3%).
Commodities
Reuters CRB Index was up 1.5%.
Crude oil was up 0.2% at $77.56/bbl, which hit $79.92 during the day.
Gold was up 1.5% at $1164/ounce after hitting a new record at $1,173.5/ounce.
Copper rose 2% at $6950/tonne, at 14-month high.
Lead was up 1.8% & Zinc up 1%.
Baltic Dry Index fell 1.8%.
Market cues:
-FIIs net sell USD 27 million on November 20 -Total F&O Open Interest up by Rs 1963 crore at Rs 1,14,957 crore -FIIs net sell Rs 168 crore in Cash on November 23 (prov) -DIIs net buy Rs 132 crore in Cash on November 23 ( prov) -FIIs net buy Rs 394 crore in F&O on November 23
F&O cues:
-Total Futures Open Int up by Rs 1087 crore -Total Options Open Int up by Rs 876 crore -Nifty up 1%, Futures Open Int up 1% -Nifty Dec Futures trading at 14-pt premium -Nifty IVs at 23-26% -Nifty Open Int PCR at 1.65 versus 1.57 -Nifty Calls shed 10 lakh shares in Open Int -Nifty Puts add 22 lakh shares in Open Int -Nifty Nov 5000 Put adds 10.2 lakh shares in Open Int -Nifty Nov 5100 Put adds 4.5 lakh shares in Open Int -Nifty Nov 5200 Put adds 3.8 lakh shares in Open Int -Nifty Nov 5000 Call sheds 8 lakh shares in Open Int -Stock Futures add 1.2 cr shares in Open Interest