Mkts bounce back on global cues

New Delhi: The markets bounced back on Wednesday in the opening session on the back of good show by cement, banking and IT stocks.

Global cues helped the stock markets to marginally recover the overnight losses and the benchmark Sensex was up by over 62 points.

The Sensex was at 14,104 and Nifty was up 20 points at 4,086 level in morning trade.

Major gainers in the opening trade were ACC, ICICI Bank, SBI, Guj Ambuja, Grasim, Satyam, NTPC, Bharti, HLL and Rel Comm.

However, Cipla and Tata Motors were among the major losers.

Though the market showed some sign of recovery, outlook remained cautious ahead of the expiry of January series tomorrow, analysts said adding that a sharp spurt in world oil prices could dampen the sentiments later in the day.

On Wall Street, the Dow Jones Industrial Average and the Nasdaq Composite Index finished in green while most of the Asian markets also displayed a firm trend early Wednesday morning.

Market cues:

* FIIs net buy USD 71.7 million in equity on January 23

* MFs net sell Rs 54.2 crore (Rs 542 million) in equity on January 23

* NSE F&O Open Interest down by Rs 338 crore (Rs 3.38 billion) at Rs 61,966 crore (Rs 619.66 billion)

F&O cues:

* Futures Open Interest down by Rs 590 crore (Rs 5.90 billion); Options Open Interest up by Rs 252 crore (Rs 2.52 billion)

* Marketwide rollover at 44.6 per cent; Nifty at 33.6 per cent

* Nifty Futures shed 4.6 lakh shares in total Open Interest

* Nifty Jan at 7-pt premium, Feb at 13-pt premium

* Nifty Open Interest Put-Call ratio down to 1.59 from 1.67

* Nifty Calls add 6.2 lakh shares in Open Interest

* Nifty Puts shed 1.7 lakh shares in Open Interest

* Nifty Jan 4100 Call adds 1.9 lakh shares in Open Interest

* Nifty Feb 4100 Call adds 1.2 lakh shares in Open Interest