Nifty choppy, awaits RIL, BHEL, ITC nos; Wipro dips
The benchmark Nifty retreated on Friday and shaved off yesteday's gains amid extreme volatility. The index was trying to hold 5700 level and the Sensex too with 19000-mark.
January 21, 2011 / 09:29 IST
The benchmark Nifty retreated on Friday and shaved off yesteday's gains amid extreme volatility. The index was trying to hold 5700 level and the Sensex too with 19000-mark. Technology, metal, FMCG and private financial companies' shares were on sellers' radar whereas capital goods, Anil Dhirubhai Ambani Group and stocks (which will announce results today) were on buyers' radar.
Wipro tanked 3% post Q3FY11 numbers. Its Q3 net profit was up 3.4% to Rs 1,319 crore and dollar denominated Global IT revenues went up by 5.6% to USD 1.34 billion (QoQ). Suresh Vaswani and Girish Paranjpe stepped down as Joint CEOs. Now TK Kurien will be new CEO of Wipro. Among frontliners, Sterlite Industries, Hindalco, Power Grid, BPCL, Bharti Airtel, Tata Motors, ICICI Bank, HDFC Bank, Axis Bank, ONGC, Infosys and TCS were witnessing selling pressure.However, Reliance Industries, BHEL and PNB were trading with 0.7% rise ahead of their numbers today.L&T and NTPC were other gainers in trade.At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,964, down 84 points and the 50-share NSE Nifty slipped 23 points to 5,688.However, the CNX Midcap rose 11 points to 8,213 and the Nifty Junior went up just 9 points to 11,361. About 345 shares advanced as against 280 shares declined on National Stock Exchange.Midcap & Smallcap space:NIIT Limited rallied 5% ahead of numbers. KPIT Cummins was up 0.9%.Orchid Chemical up 1%. Shasun Chemical and Cadila Healthcare jumped 3% each.TVS Motor rose 2%. SREI Infra was up 3%._PAGEBREAK_Global cues:Asian markets were trading mixed. Shanghai bounced back with 1.9% jump. Hang Seng and Taiwan rose 0.2-0.5%. However, Nikkei and Kospi fell 0.9% each.The US markets recovered from day's low amid mixed economic data, results from US and continuous interest rate hike talks from China post strong macro data. Commodities retreated on Thursday.The Dow Jones Industrial Average ended down 2.5 points at 11823, after showing recovery of 78 points from day's low of 11,745.The Nasdaq Composite was down 21 points at 2,704, after seeing recovery of 19 points from day's low of 2686. The S&P 500 Index ended down 1.7 pionts at 1280, after seeing recovery of 9 points from day's low of 1,271.CommoditiesFebruary gold contract was down 1.5% at USD 1345.6/ounce, hit its lowest levels in 2 monthsMarch silver contract declined 4.2% at USD 27.47/ounce, lowest levels in over 1.5 monthsMarch crude oil contract was down 2.3% at USD 89.61/bbl, hit its worst levels in about two weeksFebruary natural gas contract was up 2.5% at USD 4.69 per MMBtu F&O cues: Total Nifty futures up Rs 818 crore, Options down Rs 801 croreStock futures net add 3.45 crore shares in Open IntNifty Fut Open Int net shed 1.8 lakh shares in Open Int; Nifty futures prme at 8 pts versus discount at 2 pts Nifty Open Int PCR up at 0.91 from 0.88Nifty Put add 6.5 shares in Open Int, Call shed 23.4 shares in Open IntHighest Open Int outstanding on call side at 6200 call, 6000 call, 5600 Put, 5500 putNifty Feb 5600 Put add 4.7 lakh shares in Open IntNifty Feb 5500 Put add 4.5 lakh shares in Open IntNifty Feb 5900 Call add 2.8 lakh shares in Open IntNifty Feb 5400 Put add 2.8 lakh shares in Open IntNifty Jan 5700 Call shed 15.8 lakh shares in Open IntNifty Jan 6200 Call shed 5.6 lakh shares in Open IntNifty Jan 5900 Call shed 4.9 lakh shares in Open IntNifty Jan 5800 Call shed 2.8 lakh shares in Open Int Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
