Global cues lift Nifty above 5350; auto leads

The benchmark Nifty started the session above 5350 level and the Sensex added more than 200 points in opening trade, following positive global cues. Egypt President Muhammad Hosni Sayyid Mubarak resigned post 30-years and handed over control of the country to the military, which lifted the global markets higher.

Tata Motors and Tata Motors DVR were up 5% each post strong quarterly numbers. Its consolidated profit after tax jumped by 3.7 times at Rs 2,424 crore and operating profit margin too improved at 14.2% versus 11.4% (YoY). Among frontliners,ICICI Bank, IDFC, Maruti, Hero Honda, M&M, Jaiprakash Associates, L&T, Sesa Goa, Sterlite, JSPL, Reliance Power and Axis Bank were on buyers' radar. However, Hindalco lost 2% post below expected numbers. Reliance Industries and Reliance Infrastructure too were down.  Reliance Communications tanked 4% after ADAG concall held on Saturday. At 9:17 hours, the 50-share NSE Nifty was trading at 5,360, down 50 points and the 30-share BSE Sensex rose 166 points to 17,894. The CNX Midcap went up 76 points to 7,560 and the Nifty Junior gained 131 points at 10,537. About 766 shares advanced as against 103 shares declined on National Stock Exchange. Midcap & Smallcap space: Aban Offshore fell 2% on disappointing numbers while IVRCL Infrastructure gained 3% post good set of numbers. Mahindra Satyam rallied 6% ahead of numbers today. Parsvnath Developers gained 4%, which tanked 40% last week. Apollo Tyres was up 4%. Kingfisher Airlines went up 2%. However, Shree Renuka Sugars was down 0.8% and DB Realty lost 7%. _PAGEBREAK_ Asian markets were trading higher. Shanghai and Kospi rose 1.5%. Hang Seng, Nikkei, Straits Times and Taiwan went up nearly 1%. _PAGEBREAK_ Global markets gained post Egypt President Mubarak resigned. The us markets posted 10th weekly gain in 11 weeks. The Dow Jones Industrial Average gained 44 points or 0.36% at 12,273; it was up 1.5% for week and up 6% year-to-date (YTD). The Nasdaq Composite was up 19 points or 0.68% at 2,809; it went up 1.5% for week and up 5.9% YTD. The S&P 500 Index rose 7 points or 0.55% at 1,329; it was up 1.4% for week and, up 5.7% YTD. F&O cues: Total Nifty futures up Rs 1629 crore, Options up Rs 1078 crore Stock futures net add 1.8 cr shares in Open Int Nifty Fut Open Int add 7.2 lakh shares in Open Int; Nifty futures premium at 8 pts versus 4 pts prem Nifty Open Int PCR up at 1.03 Vs 1 Nifty Put add 18 lakh shares, Call add 3.2 lakh shares in Open Int Highest Open Int outstanding at 5100 Put, 5200 Put (from 5400 call), 5400 call Nifty 5200 Call adds 13.5 lakh shares (46%) in Open Int; prem down up from 100 to 150 Nifty 5300 Put add 4.5 lakh shares (9%) in Open Int, prem down from 120 to 72 Nifty 5100 Put add 4.5 lakh shares (6%) in Open Int, prem down from 42 to 18 Nifty 5000 Put add 4.2 lakh shares (10%) in Open Int, prem down from 21 to 10 Nifty 5300 Call shed 6.2 lakh shares (10%) in Open Int Nifty 5400 Call shed 5.5 lakh shares (8%) in Open Int Nifty 5600 Call shed 3.3 lakh shares (6%) in Open Int Nifty 5500 Put shed 3 lakh shares (9%) in Open Int