Sensex up 200 pts; L&T, Ashok Leyland see follow up buying
The Indian markets opened on a quiet note. The benchmark index Nifty was marching towards 5450 mark. Larsen continues its dream run after surprising streets with margin picture. The broader indices too were trading marginally in green
The Indian markets opened on a strong note. The benchmark index Nifty was marching towards 5500 mark. Larsen continues its dream run after surprising streets with margin picture. The broader indices too were trading marginally in green. Recent listings started to get whack in early trade. Ashok Leyland was big star of the morning.
At 09.33 hrs IST, the Sensex was up 177 points or 1% at 18318, and the Nifty up 56.70 points or 1.04% at 5484.80.
About 872 shares have advanced, 445 shares declined, and 2324 shares remain unchanged.ITC Ltd, the country's top cigarette maker, will be on the radar as it reports quarterly results.Movers & ShakersNifty gainers: Larsen, Kotak Mahindra, Hindalco, IDFC and GAIL were up 1.7-3.4%. Nifty losers: Cairn India, HCL Tech, Reliance Industries and Infosys were trading weak.Midcap gainers: Voltas, Emami, SKS Microfinance, Hind Oil Exploration and UCO Bank were up 2-5%. Midcap losers: Kwality Dairy, WABCO-TVS, Kirloskar Oil, Puravankara Projects and Page Industries were down 1.5-8%. Smallcap gainers: NRB Bearings, Vakrangee, Accentia Techno, Automotive Axle and Dolphin Offshore were up 5-7%. Smallcap losers: Empire Industries, Empee Sugars, Carol Info, Heritage Foods and Tuni Textile were down 3-7%.Day trading strategy: "Market would remain rangebound between 5400 and 5480 levels. Break out of either levels would dictate the intraday trend for NIFTY." says IFIN reserach reportStocks to watchGammon Infrastructure Projects Ltd after its board approved a 2 billion rupees rights issue. It also deferred considering issue of preference shares to Gammon India Ltd.Jet Airways Ltd, India's No. 1 carrier, after its FY11 net loss narrowed to 858.4 million rupees from 4.2 billion rupees a year ago.Drugmaker Wockhardt Ltd after it swung to a net profit of 1.62 billion rupees in the March quarter.Crompton Greaves Ltd after it said it bought Sweden based Emotron Group for an enterprise value of 57.8 million euros.Global cues: The US markets ended higher despite mostly weak economic news and falling oil prices as Linkedin became the first major US social networking company to go public in a soaring debut. Dow Jones Industrial Average was up 0.36% or 45.14 points at 12605.32. Nasdaq Composite was up 0.3% or 8.31 points at 2823.31. Standard & Poor's 500 was up 0.22% or 2.92 points at 1343.6.Market cues: Results Today: Arvind, Divis, IRB Infra, ITC, Karur Vysya Bank, MOIL, Zee Learn
FIIs net sell USD 58 million in the cash market on May 18
MFs net sell Rs 130 cr in the cash market on May 18
NSE F&O Open Int was up Rs 961 cr at Rs 1.51 lakh crF&O cues: Total Futures Open Int up Rs 495 cr, Total Options Open Int up Rs 466 cr
Total stock futures Open Int add 2.21 cr shares in Open Int
Nifty futures Open Int shed 5.40 lakh shares in Open Int, discount at 3.30 pts vs premium at 3.45 pts
Nifty Open Int PCR at 0.88 versus 0.89
Total Put sheds 1.64 lakh shares, call adds 4.07 lakh shares
Highest Open Int outstanding at 5600 call, 5500 call and 5400 put
Nifty 5400 call adds 4.92 lakh (8%) shares in Open Int
Nifty 5300 put adds 4.28 lakh (8%) shares in Open Int
Nifty June 5300 call adds 1.83 lakh (37%) shares in Open Int
Nifty June 5300 put adds 1.47 lakh (7%) shares in Open Int
Nifty 5400 put adds 1.46 lakh (2%) shares in Open Int
Nifty 5500 put sheds 5.93 lakh (12%) shares in Open Int
Nifty 5600 put sheds 3.33 lakh (11%) shares in Open Int
Nifty 5600 call sheds 3.3 lakh (4%) shares in Open Int
Nifty 5500 call sheds 1.57 lakh (2%) shares in Open Int
Nifty 6000 call sheds 1.56 lakh (3%) shares in Open Int
India VIX down 1.45 % at 20.41
Deccan Chronicle, PFC, Punj Lloyd, and Orchid Chem in F&O ban(With inputs from Reuters) 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!
