Nifty trades above 4950; metal, IT, auto, pharma up

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Sensex flat; SBI, ICICI Bank, DLF, HDFC, RComm dip

The Sensex was flat in the opening trade and continued its consolidation in today's trade as well. Realty and telecom stocks slipped in red today as well while select metal and cement stocks were the gainers.

At 9:56 am, the Nifty was down 6 points at 4,875 and the Sensex fell just 22 points at 16,417. However, the CNX Midcap was up just 6 points at 7,003. About 373 shares advanced while 320 shares declined on the NSE. 

Among the frontliners, Sterlite Industries, M&M, Tata Motors (moved to Rs 600), Reliance Industries, Reliance Infrastructure, Cipla, ACC and Ambuja Cements were gainers.However, Idea Cellular, Bharti Airtel, Reliance Communications, Suzlon Energy, Maruti, DLF, Unitech, SBI and Cairn declined.

Midcap space:

Eastern Silk shot up 9%. Golden Tobacco was up 5% as it reacted positively to GST news.

Taj GVK, HMT and ITI were up 1% each. NMDC was up another 7.5%, after 20% upper circuit for last two days.

Educomp gained 3.5%. Sesa Goa and Mercator Lines were up 2-3%.

However, Pyramid Saimira lost 10% as the SEBI barred company from securities market for 7 years in IPO irregularity case.

Jai Corp fell 5% after rally in last few days.

Global Cues:

Asian markets were mixed in trade. Taiwan Weighted gained 1% and Hang Seng was up 0.75%. Straits Times and Jakarta were up 0.2% each. However, Shanghai fell 0.64% and Kospi was down 0.2%.

The US markets ended flat after trading in a narrow range. The S&P 500 index end in the red after six straight days of gains; it continued to face resistance at 1,100, which was 2009 high.

The Dow Jones Industrial Average was up 20 points at 10,247. The S&P 500 index ended flat at 1,093 and the Nasdaq was down 3 points at 2,151.

Commodities:

Reuters CRB Index was down 0.7%, which gained 1.7% on Monday.

Crude was down 0.5% to $78.9/bbl.

Gold ended flat at $1103/ounce.

Sugar prices declined for third day in India and abroad.

Baltic Dry Index was up 3.8%.

Market cues:

-FIIs net buy USD 139.4 million on November 9
-MFs net buy Rs 182 crore on November 9
-Total F&O Open Int up by Rs 483 crore at Rs 95,310 crore
-FIIs net buy Rs 259 crore in cash on November 10 (prov)
-DIIs net buy Rs 183 crore in cash on November 10 ( prov)
-FIIs net buy Rs 657 crore in F&O on November 10

F&O cues:

-Total Futures Open Int down by Rs 1281 crore, Total Options Open Int up by Rs1765 crore
-Nifty down 0.3%, Futures Open Int down 5%
-Nifty Nov futures trading at 7 pt discount against 5 pt premium
-Nifty Open Int PCR down from 1.42 to 1.34
-Nifty Calls add 28.4 lakh shares in Open Int, Nifty Puts shed 28 thousand shares in Open Int
-Nifty 4900 Call adds 12.1 lakh shares in Open Int
-Nifty 5000 Call adds 7.5 lakh shares in Open Int
-Nifty 5100 Call adds 3 lakh shares in Open Int
-Nifty 4800 Put adds 7 lakh shares in Open Int
-Stock Futures shed 1.48 cr shares in Open Int