Sensex inching towards 16K; pharma, auto gain

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 witnessed worst weekly loss in 5 months and snapped seven straight months of gains. These markets slid 2.5% on Friday ((biggest 1 day % drop since July)) while they gained 0.8% on Monday but slipped from day's high. ((The Dow Jones ended down 250 poonts on Friday while gained 77 points on Monday))

US financials hit on Friday after an analyst comment that Citigroup may have to take another $10 bullion in write-downs and likely CIT bankruptcy filing in next few days.

The Dow Jones Industrial Average ended up 77 points at 9,789 on Monday, after slipping 70 points from day's high of 9,858.

The Nasdaq Composite was up 4 points at 2,049 on Monday, after slipping 20 points from day's high of 2,069 and the S&P 500 Index ended up 6.7 points at 1,043 on Monday, after slipping 10 points from day's high of 1,052.

Market cues:

-FIIs net buy Rs 576 crore in cash on October 30
-DIIs net buy Rs 593 crore in cash on October 30
-FIIs net buy Rs 2070 crore in F&O on October 30

F&O cues:

-Total F&O Open Interest up by Rs 3478 crore at Rs 81,625 crore
-Total Futures Open Interest down by Rs 704 crore
-Nifty down 0.8%, Futures Open Interest up 2%
-Nifty Nov Futures trading at a 4-pt discount
-Nifty PCR ratio down from 1.28 to 1.13
-Nifty IVs at 25-27%
-Nifty Calls add 59 lakh shares in Open Interest
-Nifty Puts add 17 lakh shares in Open Interest
-Nifty 4800 Call adds 19.1 lakh shares in Open Interest
-Nifty 4900 Call adds 12 lakh shares in Open Interest
-Nifty 4700 Call adds 8.5 lakh shares in Open Interest
-Nifty 5000 Call adds 6.3 lakh shares in Open Interest
-Nifty 4800 Put sheds 5.3 lakh shares in Open Interest
-Stock Futures shed 2.9 cr shares in Open Interest