Nifty volatile; HUL, Hindalco, Sterlite top gainers
Equity benchmarks were quiet in opening trade on Tuesday following lacklustre trade in Asian markets. Indices could be waiting for some major trigger for further direction like government policies, EGoM meet etc.
Equity benchmarks were quiet in the opening trade on Tuesday following lacklustre trade in Asian markets. Indices could be waiting for some major triggers for further direction like government policies, EGoM meet, global event etc. The Nifty was hovering around the 5550 level.
Among frontliners, BPCL and ONGC were on buyers' radar ahead of EGoM meeting tomorrow. Sterlite Industries was also gained. Hindalco rallied 2% as fourth quarter profit after tax was better-than-expected. Company reported PAT of Rs 708 crore, up 7% on YoY basis while CNBC-TV18 expected at Rs 578 crore.HUL gained another 2% as company is going to demerge exports business.However, Ranbaxy Labs was down 2.5% ahead of fourth quarter numbers today.SBI, ICICI Bank, IDFC, Kotak Mahindra Bank, Hero Honda, Maruti Suzuki, Jaiprakash Associates, JSPL, Tata Steel, SAIL and Ambuja Cements were putting pressure on markets.At 9:20 hours IST, the 30-share BSE Sensex was trading at 18,508, down 20 points and the 50-share NSE Nifty fell just 6 points to 5,545.New listing - Future Ventures was trading at Rs 8.5, down 15% as compared to issue price of Rs 10 a share.Midcap & Smallcap spaceJubilant Foodworks tumbled 4% on profit booking after seeing rally in previous few sessions.Piramal Healthcare lost 0.5%. Allied Digital plunged 10%. Hathway Cable slipped 1.5% post disappointing numbers.SKS Microfinance bounced back with 10% gain after witnessing sharp fall in previous few sessions.HOEC and PTC gained 3% on strong set of numbers. PVR rallied 6%._PAGEBREAK_Global cues:Asian markets were mixed in trade. Shanghai and Straits Times were marginally in green while Nikkei was down 0.24%.The US markets ended marginally up amid news of increase in crude oil margin and Greece downgrade by S&P.CME raised crude oil futures margins by 25% and also increased brent futures margins by 23.8% while RBOB gasoline margins by 21.7%.The Dow Jones Industrial Average ended up 46 points at 12,685. NASDAQ Composite was up 16 points at 2,843 and S&P 500 Index was down 6 points at 1,346.CommoditiesCRB Commodity Index bounced back 2% after falling 9% last week.June crude oil contract rallied 5.4% at USD 102.55/barrel. It fell back to USD 100 post margin increase.June gold contract went up 0.8% at USD 1503/ounce.July silver contract was up 5.2% at USD 37.13/ounce.June natural gas contract was down 1.7% at USD 4.16 per MMBtu.((CME hiked crude oil margin by USD 1,250/contract, OI outstanding at 1.65 million lots last week, that would amount to an over USD 2 billion increase in total).F&O cues: Total Futures Open Int up Rs 21 crore, Total Options Open Int up Rs 1485 croreTotal stock futures OI add 1.6 crore shares in Open Int Nifty futures Open Int shed 3.90 lakh shares in Open Int, premium at 7.55 pts vs premium at 3.55 ptsNifty Open Int PCRORE at 0.97 versus 0.94Total Put adds 22.08 lakh shares, call sheds 0.12 lakh shares Highest OI outstanding at 5800 call, 6000 call and 5900 callNifty 5500 put adds 9.04 lakh (19%) shares in Open Int Nifty 5400 put adds 4.53 lakh (8%) shares in Open Int Nifty June 5200 put adds 2.75 lakh (21%) shares in Open Int Nifty 5300 put adds 2.68 lakh (6%) shares in Open Int Nifty 5800 call adds 2.54 lakh (4%) shares in Open IntNifty 5500 call sheds 4.57 lakh (12%) shares in Open Int Nifty 5600 call sheds 3.05 lakh (6%) shares in Open Int Nifty 5100 put sheds 1.65 lakh (8%) shares in Open Int Nifty 5700 call sheds 1.37 lakh (2%) shares in Open Int Nifty 6200 call sheds 1.17 lakh (5%) shares in Open Int India VIX up 2.53 % at 21.50 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!
