Sensex volatile; broader indices 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 31/05/12 Are Mutual Funds betting on Nifty?

Sensex bounces back on +ve US cues; telecom, IT up

The Sensex started the day on a positive note following good US cues and recovered Tuesday's losses. Buying in telecom, technology, oil & gas exploration, capital goods, realty, select metal and power stocks was helping the markets.

At 9:02 hours IST, the Sensex was trading at 17,576, up 90 points and the Nifty was at 5,253, up 27.5 points. The CNX Midcap was up 58 points at 7,830, as about 679 shares advanced while 104 shares declined on the NSE.

Among the frontliners, Siemens, Reliance Infrastructure, ICICI Bank, SAIL, NTPC, Bharti Airtel, Infosys, Unitech, Jindal Steel & Power, BHEL, Ranbaxy Labs, Reliance Industries, Reliance Communications and ONGC were the gainers.

Wipro gained 1% post better-than-expected third quarter numbers. 

However, ITC and HUL fell over 0.5%. Hero Honda and Ambuja Cements were the other losers.

Midcap & Smallcap space:

MindTree gained 1.5% post good set of third quarter numbers.

Lupin was up 2.5%, as its Mandideep facility cleared by USFDA, reports CNBC-TV18 quoting sources.

MRPL went up 2.8% on good numbers.

Fertiliser companies' shares like RCF was up 3%, Madras Fertiliser up 10% and FACT up 5%.

Gujarat based companies witnessed huge buying interest. GNFC was up 6%, GSFC up 7.6%, GMDC up 5% and GSPL up 2%.

South Indian Bank was up 0.5%.

Post earnings, ENIL was up 1.9% while Tata Elxsi fell 2% and Religare Enterprises lost 1.5%.

HMT was down 2.8% and ITI down 2%.

Global cues:

Asian markets were trading mixed. Shanghai and Hang Seng declined 1% each. Taiwan fell 0.3%. However, Jakarta and Nikkei gained 0.5% each. Kospi was up 0.3% and Straits Times up 0.12%.

The US markets ended at fresh 15-month highs after a long holiday and there was no economic data released.

The Dow Jones Industrial Average ended up 116 points at 10,725. The Nasdaq Composite was up 32 points at 2,320 and S&P 500 up 14.2 points at 1,150.

Commodity:

CRB Commodity Index was up 0.7%.

Nymex February Crude gained 1.3% at USD 79 a barrel, due for expiry today.

Crude prices had declined 5.7% previous week.

Copper was up 2%. It traded at one week high.

Gold was up 0.9% at $1140.5/ounce and silver up 2% at $18.8/ounce.

Sugar made fresh 29-year high.

Baltic Dry Index was down 2.6%.

Market cues:

-FIIs net buy USD 64 million on January 18
-Total F&O Open Interest up by Rs 1623 crore at Rs 114,035 crore
-FIIs net sell Rs 362 crore in cash on January 19 (Prov)
-DIIs net buy Rs 22 crore in cash on January 19 (Prov)
-FIIs net sell Rs 272 crore in F&O on January 19

F&O cues:

-Total Futures Open Int down by Rs 6 crore, Total Options Open Int up by Rs 1629 crore
-Stock Futures Add 1.4 crore shares in Open Int
-Nifty Calls add 22.5 lakh shares, Nifty Puts add 4 lakh shares in Open Int
-Nifty PCR at 1.28 versus 1.34
-Nifty Futures add 4 lakh shares, Futures at a 12 point discount
-Nifty 5200 Call Adds 8.2 lakh shares in Open Int
-Nifty 5300 Call Adds 8.5 lakh shares in Open Int
-Nifty 5200 Put Sheds 5.8 lakh shares in Open Int
-Nifty 5300 Put Sheds 4.3 lakh shares in Open Int