Nifty volatile; NTPC, HDFC, Tata Steel up, SBI dips
The benchmark Nifty started the session on a positive note amid volatility and maintained its upmove for fifth consecutive day.
January 04, 2011 / 10:37 IST
The benchmark Nifty started the session on a positive note amid volatility and maintained its upmove for fifth consecutive day. Metal, FMCG, technology and select power companies' shares gained while banks stocks declined.
Among frontliners, Suzlon Energy, Reliance Infrastructure, Jaiprakash Associates, NTPC, HDFC, IDFC, Kotak Mahindra Bank, Ambuja Cements, Sterlite Industries, Tata Steel, HUL, TCS, Bharti Airtel, Reliance Communications and ITC were on buyers' radar.However, Hero Honda, M&M, ICICI Bank and Bajaj Auto were witnessing selling pressure. Sun Pharma fell 0.4%; subsidiary Caraco is not going to commence manufacturing products from Detroit by FY11.HDFC Bank declined 0.5%; the bank raised its interest rates on retail term deposits by up to 1.25% depending on the maturities. The rate hike will be effective January 1.At 9:17 hours IST, the 30-share BSE Sensex was trading at 20,633, up 72 points and the 50-share NSE Nifty rose 18 points to 6,176. The Nifty January futures were trading at 21 points premium.The CNX Midcap went up 51 points to 8,970 and Nifty Junior rallied 68 points to 12,328. About 555 shares advanced while 119 shares declined on National Stock Exchange.Midcap & Smallcap space:RCF, Chambal Fertiliser, National Fertilisers and Nagarjuna Fertilisers were up 1.5-3.5%.GSPL rose 3% and Pipavav Shipyard gained 0.8%. Uttam Galva was up 1.9% and Jayaswal Neco up 2.3% (Tied up for debt for Rs 3300 crore expansion)Zee Learn moved up 2.5%.Shashun Chemical, Jupiter Bioscience and Bajaj Hindusthan were up 1-1.5%.However, Hexaware was down 0.5%._PAGEBREAK_Global cues:Asian markets were trading higher. Shanghai and Nikkei (which closed on Monday) went up 1.1-1.4%. Hang Seng, Straits Times and Kospi rose 0.3-0.56%.The US markets scored its strongest percentage gain in a month on back of strong economic data.The Dow Jones Industrial Average ended up 93 points at 11671. The Nasdaq Composite was up 39 points at 2691.5 and S&P 500 up 14 points at 1272.CommoditiesCRB Commodity Index ended up 0.1% after gaining almost 0.8% during the dayCrude oil ended up 0.2% at USD 91.55/barrelNatural gas gained 5.5% at USD 4.65 per MMBtu Gold gained 0.1% at USD 1422.9/ounce Silver was up 0.1% at USD 31.13/ounceSugar surged 5.7% F&O cues: Total Nifty futures up Rs 1,645 croreOptions up Rs 4186 croreOptions total Open Int up by Rs 11,975 crore in last 2 daysStock futures net add 4 cr shrs in Open Int Nifty Fut Open Int net add 3 lk shrs in Open IntNifty futures prem at 26 pts versus 28 ptsNifty Open Int PCR unchanged at 1.41Nifty Put add 32.6 lk shrs in Open IntNifty Call adds 24 lk shrs in Open IntHighest Open Int O/S at 6000 Put (60 lakh)Highest Open Int O/S at 5900 Put, 6300 Call Nifty 6200 Put adds 10 lk shrs in Open Int Nifty 6300 Call adds 7.5 lk shrs in Open Int Nifty 6200 Call adds 6.1 lk shrs in Open IntNifty 6500 Call adds 5.7 lk shrs in Open IntNifty 6100 Put adds 5 lk shrs in Open IntNifty 5700 Put adds 4.8 lk shrs in Open IntNifty 6100 Call shed 5 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!
