Nifty volatile; HDFC Bank, L&T, BHEL, SBI, Hero Honda dip
The benchmark Nifty started the session on a flat note on lack of global cues. The index was quite volatile in trade and was near to its previous closing value.
January 07, 2011 / 10:22 IST
The benchmark Nifty started the session on a flat note on lack of global cues. The index was quite volatile in trade and was near to its previous closing value. Overall it was a consolidation after a fall in previous two days due to rate sensitives.
Among frontliners, HDFC Bank, PNB, SBI, M&M, Maruti Suzuki, Hero Honda, Ambuja Cements, ACC, Sesa Goa, JSPL, Sterlite Industries, BHEL and L&T were witnessing selling pressure.However, indices were getting support from TCS, Wipro, Bajaj Auto, Suzlon Energy, ICICI Bank, Kotak Mahindra Bank, Sun Pharma, ITC, HUL and NTPC.At 9:17 hours IST, the 50-share NSE Nifty was trading at 6,036, down 12 points and the 30-share BSE Sensex was at 20,161, down 23 points. The CNX Midcap fell 13 points to 8,673 and the Nifty Junior lost 37 points to 11,836. About 304 shares advanced as against 385 shares declined on NSE.Midcap & Smallcap space:Godrej Consumer rose 2% as Chairman of Godrej group Adi Godrej said company would hike product prices on higher raw material costs.Hindustan Copper was up 2% as company's follow-on public offer (FPO) is unlikely this fiscal, said Finance Ministry sources.Orient Paper rallied 4%. Aptech, KPIT Cummins and Patni were marginally in green.Nagarjuna Fertiliser, Chambal Fertiliser and RCF bounced back.ITI jumped 4.5%.However, Ashok Leyland was down 1.5% and Yes Bank down 2%._PAGEBREAK_Global cues:Asian markets were mixed in trade. Shanghai rose 1.4% while Taiwan was down 1% and Straits Times down 0.35%. Others were flat.The US markets continued to consolidate amid uninspiring economic data on Thursday.The Dow Jones Industrial Average ended down 26 points at 11,697. The Nasdaq Composite rose 8 points at 2710 while the S&P 500 Index fell 3 points at 1274.CommoditiesSugar futures fell 6.1% at USD 0.3024 per poundFebruary crude oil contract shed 2.1% at USD 88.38/barrel on Thursday; were down sharply for last 2 daysCrude oil has lost over 4% since 2-year highFebruary natural gas was down 1.1% at USD 4.43 per MMBtu February gold contract went down by USD 2 to USD 1371.7/ounce; declined for a fourth consecutive sessionSilver was down 7.2 cents at USD 29.13/ounce Baltic Dry Index was down 4.7%F&O cues: Total Nifty Futures was up Rs 166 croreTotal Options was up Rs 5213 crore Stock Futures net adds 2 cr shares in Open IntNifty Fut Open Int net adds 2 lakh shares in Open IntNifty Futures prem unchanged at 24 pts Nifty Open Int PCR down at 1.25 versus 1.31Nifty Puts add 28.4 lk shares in Open Int Nifty Calls add 46.5 lakh shares in Open IntHighest Open Int outstanding at 6200 Call, 6000 Put Nifty 6100 Call adds 19.3 lakh shares in Open IntNifty 6100 Call: Prem down from 107 to 79 Nifty 6200 Call adds 10.8 lakh shares in Open IntNifty 6200 Call: Prem down from 60 to 41 Nifty Feb 5600 Put adds 5.2 lakh shares in Open IntNifty 5900 Put adds 5 lakh shares in Open IntNifty Feb 6400 Call adds 4.3 lakh shares in Open IntNifty 6000 Call adds 4 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!
