Nifty tests 4950; Bharti, ICICI Bk, Wipro, SBI, TCS drag

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The US markets ended off day's low in late hour of trading, as dollar index gained 0.4%.

The Dow Jones Industrial Average ended down 94 points at 10,332, which came off 75 points from day's low of 10,256.

The Nasdaq ended down 36 points at 2,157, which came off 15 points from day's low of 2,142. The S&P 500 Index ended down 15 points at 1,095, which came off 6 points from day's low of 1,089.

Commodities:

Reuters CRB index was down 1.2%.

Nymex December crude declined 2.6% at $77.4/bbl (due for expiry today).

Crude oil retreated for the fist time in four days.

Baltic Dry index gained 0.4% to 4661, at fresh 14-month high.

Gold held above $1140/ounce.

London Metals Index was down 1.5%.

Market cues:

-FIIs net buy USD 112.9 million on November 18
-MFs net sell Rs 300 crore on November 18
-Total F&O Open Interest down by Rs 1334 crore at Rs 109957 crore
-FIIs net sell Rs 459 crore in Cash on November 19 (prov)
-DIIs net buy Rs 117 crore in Cash on November 19 ( prov)
-FIIs net sell Rs 500 crore in F&O on November 19

F&O cues:

-Total Futures Open Int down by Rs 728 crore, Total Options Open Int down by Rs 606 crore
-Nifty down 1.3%, Futures Open Int remains unchanged
-Nifty Nov futures trading at 2 pt discount
-Nifty IVs at 23-26%
-Nifty Open Int PCR at 1.47 versus 1.54
-Nifty Calls adds 8.3 lakh shares in Open Int, Nifty Puts shed 24.5 lakh shares in Open Int
-Nifty Nov 5000 Call adds 4.9 lakh shares in Open Int
-Nifty Nov 5100 Call adds 4.5 lakh shares in Open Int
-Nifty Nov 5000 Put sheds 11.5 lakh shares in Open Int
-Nifty Nov 4900 Put sheds 6 lakh shares in Open Int
-Nifty Nov 5100 Put sheds 3.6lakh shares in Open Int
-Stock Futures shed 40.1 lakh shares in Open Int