Nifty slips over 2%, breaches 4900 on Dubai's debt concerns
Published on Fri, Nov 27, 2009 at 09:49 | Source : Moneycontrol.com
Updated at Mon, Nov 30, 2009 at 15:28
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Nifty slips over 2%, breaches 4900 on Dubai's debt concerns
The Nifty drifted sharply lower in opening trade and continued yesterday's sharp sell-off on the back of Dubai's debt concerns. Dubai accumulated USD 80 billion of debt by expanding in banking, real estate and transportation.
Crude was down 2.5% at $76/barrel, which was down 0.6% this week.
Copper fell 1.5%. Nickel and Zinc were down 2%.
Aluminium was down 1%.
Baltic Dry Index was down 2.5%.
Market cues:
-FIIs net buy USD 14.1 million in equity on November 25 -MFs net buy Rs 158.2 crore on November 25 -Highest ever F&O turnover: Rs 1.37 lakh crore -Highest ever total turnover: Rs 1.59 lakh crore -FIIs net sell Rs 70 cr in cash mkts on November 26 (prov) -DIIs net buy Rs 150.5 cr in cash mkts on November 26 (prov) -FIIs net buy Rs 210 cr in F&O on November 26
F&O cues:
-Nifty down 2% -Nifty Dec futures trade at 13-pt discount versus 12-pt premium -Nifty IVs at 23-27% -Nifty Dec Open Interest PCR at 1.26 vs 1.28 at the start of Nov Series -Nifty Puts add 30.3 lakh, Calls add 60.6 lakh shares in Open Int (Nov Data Excluded) -Nifty Dec 5100 Call adds 21.5 lakh shares in Open Int -Nifty Dec 5200 Call adds 11.5 lakh shares in Open Int -Nifty Dec 5000 Call adds 8.7 lakh shares in Open Int -Nifty Dec 5200 Put adds 6 lakh shares in Open Int
