The markets have opened flat. Modest buying interest is seen in metal, realty, pharma and banking indices. However, IT, auto stocks are trading in red.
At 09.56 am, the Sensex is down 61.86 points or 0.35% at 17429.04, and the Nifty down 6.80 points or 0.13% at 5185.45.
About 1499 shares have advanced, 1359 shares declined, and 226 shares are unchanged.
Relaince Petroleum, Idea Cellular, Sterlite Industries and Cairn India are among major gainers.
TCS, Infosys, Bharti Airtel, NTPC are among major losers.
Asian Markets
Asian markets were trading lower. China’s Shanghai Composite dropped 1.80% or 67.81 points at 3,693.20. Hong Kong’s Hang Seng fell 0.35% or 91.10 points at 26,092.85. Taiwan’s Taiwan Weighted was down 0.18% or 16.11 points at 8,820.96. Singapore’s Straits Times declined 0.22% or 7.28 points at 3,240.76. However, South Korea’s Seoul Composite was up 0.13% or 2.32 points at 1,850.59.
US Markets
US markets fell on worry that Bank of America may renegotiate its deal to buy Countrywide, while record oil prices above USD 120 a barrel increased worry about consumer spending. The Dow shed 89 points to close at 12,970. While the Nasdaq lost 13 points and shut at 2,464. The S&P 500 also lost 6 points and shut shop at 1,407.
Market cues:
FIIs net buy $178.5 mn in equity on May 2
MFs net sell Rs 76.2 cr in equity on May 2
NSE F&O Open Int up by Rs 1021 crore at Rs 67706 crore
F&O cues:
Futures Open Int down by Rs 165 cr, Options Open Int up by Rs 1185 crore
Nifty Futures add 2.5 lakh shares in Open Int
Nifty Open Int Put-Call ratio at 1.41 Vs 1.40
Nifty Puts add 11.4 lakh, Calls add 7.3 lakh shares in Open Int
Nifty 5200 Put adds 3.6 lakh shares in Open Int
Nifty 5200 Call adds 4 lakh shares in Open Int
Stock Futures’ Open Int unchanged
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