At 10:16 hours IST - the 30-share BSE Sensex was trading lower on the back of profit booking in banking & financial, realty, cement, oil & gas exploration, select capital goods and power stocks.
The US markets ended flat for the fifth day running on mixed data while posted second weekly gain.
The S&P 500 Index held 17-month high at 1150. The Dow Jones Industrial Average gained 12.85 points at 10,624.7 and and Nasdaq dipped 1 point to close at 2,367.6.
Commodities:
Crude ended at USD 80.9 a barrel, down 0.3%. It lost 1% on Friday.
Baltic dry index was up 5.7% (highest level since December 15).
Market cues:
Inflation data will be announced today. CNBC-TV18 poll sees February inflation at 9.78% as against 8.56% on month-on-month basis.
FIIs were net buyers to the tune of USD 98.3 million while MFs net sellers of Rs 244 crore in equities on March 11, according to SEBI website.
NSE F&O Open Interest was up by Rs 4,613 crore at Rs 1,19,452 crore.
As per provisional data, FIIs were net buyers to the tune of Rs 371 crore while DIIs net sellers of Rs 91 crore in cash markets on March 12. FIIs net bought Rs 424 crore in F&O.
F&O cues:
Futures Open Interest was up by Rs 31 crore while Options Open Interest up by Rs 4,582 crore
Nifty Futures open interest (OI) unchanged, at 8-point premium
Nifty Open Interest PCR at 1.44 versus 1.50
Nifty Puts add 5 lakh shares in Open Interest
Nifty Calls add 26 lakh shares in Open Interest
Nifty 5200 Call adds 12 lakh shares in Open Interest
Nifty 5100 Call added 11 lakh shares in Open Interest
Stock Futures added 2 crore shares in Open Interest