Monday, November 12, 2007

Mkt open with huge gap down on weak global cues

The markets opened with huge cut today in line with its global peers. Asian markets plummeted along with US markets as credit worries persist in the US economy.

At 9:56 am, Sensex was down 448 points at 18459 and Nifty was down 142 points at 5520. Major losers in the opening trade were Rel Energy, Rel Petroleum, RIL, Sterlite, SAIL, BHEL, Hindalco, ICICI Bank.

Asian markets were trading weak. Hong Kong's Hang Seng plunged 3.06% or 881.85 points at 27,901.56, Japan's Nikkei fell 2.4% or 374.64 points at 15,208.78, Taiwan's Taiwan Weighted tumbled 2.91% or 260.80 points at 8,710.12, Singapore's Straits Times declined 2.72% or 97.85 points at 3,501.82 and South Korea's Seoul Composite was down 3.04% or 60.54 points at 1,929.93.

Market cues:

  • All global markets weak on US cues
  • First negative closing for benchmark indices on Mahurat trading in 9 years
  • NSE F&O Open Interest down by Rs 242 crore on Diwali day at Rs 92,769 crore

F&O cues:

  • Futures Open Interest down by Rs 512 crore, Options Open Interest up by Rs 270 cr
  • Nifty Futures add 7 lakh shares in Open Interest, Futures slip into 35-point discount
  • Nifty Open Interest Put-Call ratio at 1.12 vs 1.14
  • Nifty Puts add 0.87 lakh shares in Open Interest
  • Nifty Calls add 2.7 lakh shares in Open Interest
  • Nifty 5700 Put adds 0.39 lakh shares in Open Interest
  • Nifty 5700 Call adds 0.89 lakh shares in Open Interest

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