Sensex down 300 pts; HK, China down on asset bubble worries

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 recovered from the day's low amid mix economic data. Commodities declined as USD rebounded.

The Dow Jones Industrial Average ended down 12 points at 9,097, after seeing recovery of 90 points from day's low of 9,007.

The Nasdaq Composite was up 7.6 points at 1,976, after seeing recovery of 28 points from day's low of 1,948 and the S&P 500 Index was down 2.5 points at 980, after seeing recovery of 10 points from day's low of 970.

Commodities:

The CRB Index was down 1%.

Crude declined 1.7% at $67.23/bbl.

LME metals index was down 1.2%.

Copper was down 1%, Nickel down 2%, Tin down 3% and Zinc down 2%.

Gold was down 1.7% at $938/ounce, at 1-week lows.

Baltic Dry index was up 2%.

Market cues:

-FIIs net buy USD 92.5 million in equity on July 27
-MFs net sell Rs 176.8 crore in equity on July 27
-NSE F&O Open Int up by Rs 1960 crore at Rs 96,180 crore
-FII turnover as a % of Total F&O turnover at 27.7% versus 17.6%
-FIIs net buy Rs 59 crore in cash markets on July 28 (Prov)
-DIIs net buy Rs 448 crore in cash markets on July 28 (Prov)
-FIIs net sell Rs 670 crore in F&O on July 28

F&O cues:

-Stock Futures add 51 lakh shares in Open Int
-Futures Open Int up by Rs 1171 crore and Options Open Int up by Rs 789 crore
-Nifty July Futures shed 26.7 lakh shares in Open Int
-Nifty Aug Futures add 41.4 lakh shares in Open Int
-Nifty Aug Futures at 10-pt premium versus 11-pt premium
-Nifty IVs at 34-37%
-Nifty Open Int Put Call Ratio remains at 1.31
-Nifty Puts add 7.7 lakh shares in Open Int
-Nifty Calls add 6.2 lakh shares in Open Int
-Nifty August 4500 Put adds 3.75 lakh shares in Open Int
-Nifty August 4600 Put adds 3.4 lakh shares in Open Int
-Nifty July 4600 Call adds 3.4 lakh shares in Open Int
-Nifty August 4600 Call adds 2.6 lakh shares in Open Int