Nifty trades lower; telecom, Suzlon, GAIL outperform

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?

The US markets slipped from day's high in half-hour of trading post Fed's comment. Commodities gained as Dollar Index witnessed biggest percentage intraday slide in a month.

Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent.

The Dow Jones Industrial Average ended up 30 points at 9,802, after slipping 126 points from day's high of 9,928.

The Nasdaq Composite ended down 2 points at 2,055, after slipping 26 points from day's high of 2,081. The S&P 500 Index ended up 1 point at 1,046, after slipping 15 points from day's high of 1,061.

Commodities:

Crude gained 1% at $80.4/bbl.

Gold made record high at $1097.2/ounce on Wednesday.

Copper was up 2% to $6570 a tonne.

Baltic Dry Index was up 1.5% to 3295.

Market cues:

-FIIs net sell USD 63.9 million in cash on November 3
-MFs net sell USD 63.9 million in cash on November 3
-Total F&O Open Int up by Rs 1954 crore at Rs 86,530 crore
-FIIs net buy Rs 234 crore in cash on November 4
-DIIs net buy Rs 557 crore in cash on November 4
-FIIs net buy Rs 2639 crore in F&O on November 4

F&O cues:

-Total Futures Open Int down by Rs 57 crore
-Total Options Open Int by Rs 2012 crore
-Nifty up 3.2%, Futures Open Int down 7%
-Nifty IVs at 27-30%
-Nifty Fut trading at 6-pt discount versus 5-pt discount
-Nifty Call shed 13.8 lakh shares in Open Int
-Nifty Puts add 49.6 lakh shares in Open Int
-Nifty 4600 Put adds 13.2 lakh shares in Open Int
-Nifty 4400 Put adds 10.5 lakh shares in Open Int
-Nifty 4500 Put adds 9 lakh shares in Open Int
-Nifty 4600 Calls shed 5.1 lakh shares in Open Int
-Nifty 4700 Calls shed 4.8 lakh shares in Open Int
-Stock Futures shed 18.6 lakh shares in Open Int