Mkt witnesses sharp recovery; banks, oil&gas stocks up

The markets have recovered from its morning blues on the back of heavy buying witnessed in the index heavyweights at lower level. Banking, FMCG and oil & gas stocks were trading firm but realty, power, capital godds and auto stocks were still struggling to keep its head up.

At 10.40 am, the Sensex is up 18.06 points or 0.10% at 17578.04, and the Nifty down 28.65 points or 0.55% at 5186.65. About 1378 shares have advanced, 1587 shares declined, and 86 shares are unchanged.

Top gainers on the Sensex are Ambuja Cements at Rs 146 up 4.58%, ICICI Bank at Rs 1,042.15 up 1.77% and SBI at Rs 1,695.25 up 1.66%.

Top losers on the Sensex are Bharti Airtel at Rs 934 down 3.56%, Mah and Mah at Rs 705 down 3.18% and Tata Motors at Rs 763 down 2.3%.

Top gainers on the Nifty are Ambuja Cements at Rs 145 up 3.87%, BPCL at Rs 333 up 2.98% and Zee Entertain at Rs 308 up 2.33%.

Top losers on the Nifty are Bharti Airtel at Rs 929.80 down 4.76%, Unitech at Rs 303.10 down 3.3% and Mah and Mah at Rs 708.95 down 3.14%.

Most active shares on BSE are Ambuja Cements at Rs 146 with 48,154,075 shares, UB Holdings at Rs 909 with 2,787,412 shares and Reliance Energy at Rs 1,319 with 408,404 shares.

Mkts open with huge gap down on weak global cues

The markets opened with huge gap down today on account of weak cues from the global markets. Asian markets were down with significant cuts and the US markets ended in deep red on Friday. Heavy selling was seen across the board today led by power, capital good and metal stocks

At 9:56 am, Sensex was down 388 points at 17,170 and Nifty was down 140 points at 5075. Major losers were BHEL, Cipla, Rel Comm, Rel Energy, Rel Petroleum, L&T, Suzlon, Tata Power. Market breadth was negative with nearly 200 stocks on the advanciong side and over 900 stocks on the down side on NSE.

Asian indices declined today in the wake of a sell-off on Wall Street. Hong Kong's Hang Seng tumbled 3.2% or 943.35 points at 28,521.70, Japan's Nikkei plunged 3.2% or 537.27 points at 16,277.10, Taiwan's Taiwan Weighted fell 3.06% or 294.10 points at 9,317.62, Singapore's Straits Times declined 2.2% or 82.53 points at 3,665.45 and South Korea's Seoul Composite was down 3.63% or 71.51 points at 1,898.59.

Market cues:

• Global markets slide led by US markets
• SEBI says FIIs net buy USD 31.2 mn in equity on Oct 18
• SEBI had earlier reported prov sell figure of about USD 300 mn for Oct 18
• MFs net sell Rs 265.5 cr in equity on Oct 18
• NSE F&O Open Interest down by Rs 2,397 crore (Rs 23.97 billion) at Rs 94,617 crore (Rs 946.17 billion)

F&O cues:

• Futures Open Interest down by Rs 2,975 crore (Rs 29.75 billion), Options Open Interest up by Rs 577 crore (Rs 5.77 billion)
• Stock Futures shed 5 cr shares in Open Interest
• Nifty Oct Futures shed 19 lakh shares in Open Interest
• Nifty Nov Futures add 26 lakh shares in Open Interest
• Nifty Oct at 22-point, Nov at 41-point discount
• Marketwide rollover at 13%, Nifty rollover at 28%
• Nifty Open Interest PCR at 1.14 Vs 1.23; Nifty IVs surge to 53-55%
• Nifty Puts shed 4 lakh shares in Open Interest
• Nifty Calls add 14 lakh shares in Open Interest
• Nifty 5000 Put sheds 2.4 lakh shares in Open Interest
• Nifty 5700 Put sheds 1.85 lakh shares in Open Interest
• Nifty 5300 Call adds 3.56 lakh shares in Open Interest
• Nifty 5400 Call adds 3.44 lakh shares in Open Interest
• Nifty 5200 Call adds 2.90 lakh shares in Open Interest