Rising oil, political uncertainty thrash mkts; Realty dn 7%

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?

Markets @ 11:37 am : Markets see-saw

The markets are quiet and trading with some choppiness in a particular range. The Sensex has been hovering in 100 points range. Technology, metal, pharma and oil stocks are witnessing buying interest while realty, banking, auto and power stocks under selling pressure.

Market breadh is negative; about 1098 shares are advancing while 1750 shares declining. Nearly 283 shares are unchanged.

At 11:37 am, the Sensex was down 46 points at 13,755 and the Nifty down 10 points at 4,126. The Nifty July Futures was trading at 55 points discount.

Top losers are HDFC, Grasim, Unitech, Tata Motors and BPCL while BHEL, Hindalco, Satyam, Sterlite Ind and Sun Pharma gainers.

Reliance Ind, Niraj Cement, Reliance Petro and HDFC are most active counters.

BSE IT went up 1.5%, Metal and Healthcare 0.8% each and Oil & Gas 0.6%. However, Realty tumbled -2.7%, Bankex -2.2%, Auto -1.7% and FMCG -0.6%.

Pyramid Saimira Theatre reported Q4 PBT at Rs 18 crore versus Rs 6 crore on sales of Rs 245 crore versus Rs 67 crore. The stock gained nearly 4%.

Markets @ 10:32 am : Mkts rangebound; realty, banks, auto stocks slip

The markets are trading in a rangebound manner and witnessing some volatility. Buying has seen in metal, technology, select oil and pharma stocks while selling realty, banking, auto and FMCG stocks. Market breadth is weak; about 1099 shares are advancing while 1755 shares declining. Nearly 275 shares are unchanged.

At 10:32 am, the Sensex was up 3 points at 13,804 and the Nifty up 9 points at 4,145. The Nifty July Futures was trading at 54 points discount.

Reliance Industries, Infosys, Tata Steel, Satyam, TCS, Wipro and Tata Steel are supporting both indices while ICICI Bank, HDFC, Bharti Airtel, ITC, HDFC Bank and Unitech dragging lower.

Metal Index jumped up by 1.6% due to buying inSterlite Ind, Guj NRE Coke, Tata Steel, Hindalco, Sesa Goa and NALCO.

Technology stocks like I-Flex Solution, Financial Tech, Satyam, Wipro, TCS and Infosys moved up. Index went up 1.35%.

Oil & Gas Index gained 0.9% as buying seen in Cairn India, Petronet LNG, RNRL, Reliance Ind, Essar Oil and ONGC.

However, Realty fell 1.4% on the back of selling in Orbit Corporation, Phoenix Mills, Mahindra Life, Unitech, Indiabulls Real, Sobha Developer and DLF.

Bankex plunged 0.9% due to sell off in ICICI Bank, Kotak Mahindra, PNB, Yes Bank and Karnataka Bank.

Auto Index went down 0.9% as weakness seen in Tata Motors, Cummins, M&M, MRF, Punj Tractors and Hind Motors.

FMCG lost 0.9% due to selling in P & G, Godrej Consumer, Dabur India, Britannia, Marico and United Spirits.

Markets @ 9:59 am : Markets flat in opening trade

The markets have opened on a flat note and witnessing some choppiness. The Nifty is holding its 4100 mark. Buying has seen in technology, select power and metal stocks while selling in realty, and select banking and FMCG stocks. Market breadth was negative; 367 shares are advancing while 427 shares declining.

At 9:59 am, the Sensex was down 51 points at 13,750 and the Nifty down 16 points at 4,120. The Nifty July Futures was trading at 50 points discount. 

Selling has seen in Unitech, Reliance Ind, HDFC Bank, ABB, Idea, Siemens, Reliance Comm and HUL while buying in M&M, Hindalco, Cairn, Infosys, Wipro, Ranbaxy Labs, HCL Tech and Sterlite Industries.

US markets finished lower for second consecutice day led by surging oil prices and a fresh round of banking troubles. The Dow fell 106.91, or 0.93 percent, to 11,346.51. The Nasdaq composite index fell 5.74, or 0.25 percent, to 2,315.63 and Standard & Poor's 500 index fell 4.77, or 0.37 percent, to 1,278.38.

Market cues:

• FIIs net sell $ 116.3 mn in equity
• Domestic mutual funds net buy Rs 276 cr in equity
• NSE F&O Open Interest up by Rs 1,995 cr at Rs 59,999 cr

F&O cues:

• Nearly 60% of stock futures have negative cost of carry
• Futures Open Int down by Rs 414 cr, Option Open Int up by Rs 2409 crore
• Nifty Futures at 70 pts disc; add 3.75 lakh ((1%)) shares in Open Int
• Nifty Open Int PCR at 1.07 Vs 1.11
• Nifty Puts add 21.3 lakh, Nifty Call add 25.9 lakh shares in Open Int
• Nifty July 4000 Put add 8.4 lakh shares in Open Int; up 33%
• Nifty July 4200 Call add 6 lakh shares in Open Int; add 38%
• Nifty July 4400 Call add 4.5 lakh shares in Open Int; add 20%
• Nifty Dec 3800 Put add 4.2 lakh shares in Open Int
• Nifty July 4000 Call add 3.9 lakh shares in Open Int