Mumbai: The benchmark indices have slipped further and continued Tuesday's weak trend for another day. Weak global cues are putting pressure on our markets. Banking, metal, telecom, power and real estate stocks are under pressure.
At 9:56 am, the Sensex went down 155 points to 8,945 and the Nifty lost 41 points at 2,755. CNX Midcap 100 slipped 1% to 3,454.
NTPC, Suzlon Energy, ICICI Bank, Wipro, Unitech, Reliance Infrastructure, Bharti Airtel, HDFC Bank, Tata Motors, Reliance Communication, Nalco, DLF, Hindalco, HDFC and Dr Reddys Labs are biggest losers.
Wipro lost over 4%, after its third quarter numbers. Satyam went up 5%, as L&T is believed to have evinced interest to buy the company.
Asian markets are trading lower. Hang Seng, Nikkei, Straits Times, Kospi and Jakarta markets lost 1-2%. Taiwan and Shanghai are flat.
NYMEX February crude gained 6.1% to settle at $38.74 a barrel. NYMEX March declined 4% to settle at $40.84 a barrel.
Strong US dollar, weak equities and easing in global concerns weighed on the crude prices. US inventory data today may show increase in stockpiles for 15th in 17 weeks, which is also putting pressure on prices. It is currently trading at USD 41.14 a barrel, up USD 0.30/bbl.
US markets ended sharply lower as worst than expected corporate results and fears that banks will need to raise additional capital overshadowed Barrack Obama inauguration speech.
Dow Jones ended down 4% or 332 points at 7,949, after hitting an intraday low of 7,920. Nasdaq closed down 5.5% or 88.5 points at 1,440, after hitting an intraday low of 1,440. S&P 500 plunged 5.3% or 45 points at 805, after hitting an intraday low of 805.
Market cues:
FIIs net sell USD 109 million in equity on January 19
MFs net buy Rs 111.6 crore in equity on January 19
NSE F&O Open Int up by Rs 1,297 crore to Rs 52,603 crore
F&O cues:
Nifty rollover at 15%
Nifty ends down 1.7%, total Fut OI up by 22.5 lakh shares
Nifty Feb Futures add 21.5 lakh shares in Open Int
Total Fut up Rs 541 cr in Open Int, total Options add Rs 756 cr in Open Int
Nifty Jan Fut discount at 22-pts from 13-pts discount
Total Stock Futures add 1.7 cr shares in Open Int
Nifty Open Int (Put-Call Ratio) PCR slides to 0.84 from 0.91
Nifty Calls add 27 lakh shares in Open Int, Puts shed 4.2 lakh shares in Open Int
Nifty 2800 Call adds 9.2 lakh shares in Open Int
Nifty 2700 Call adds 7 lakh shares in Open Int
Nifty Feb 2900 Call adds 4.2 lakh shares in Open Int
Nifty Feb 2700 Put adds 2.7 lakh shares in Open Int
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