Mkts open with modest dip: RIL, SAIL, L&T, SBI down

New Delhi: The markets opened on quiet note in modest red on the back of weak cues from the global markets. Selling pressure was seen in IT, cap goods and metal sectors.

At 9:56 am, Sensex was down 29 points at 15475 and Nifty was down 9.65 points at 4465. Major losers in the opening trade were Ranbaxy, Rel Energy, Zee, SAIL, M&M, Reliance, SBI, L&T, Grasim, Hero Honda and Infosys. However, ACC, Satyam, HUL, ONGC and NTPC were up.

Nagreeka Cap lists at Rs 114 (Upper Circuit) against its base price of Rs 95.

Asian markets trading was weak on Tuesday. Japan’s Nikkei fell 1.77 per cent or 286.11 points at 15,841.31, Hong Kong’s Hang Seng slipped 0.41 per cent or 100.51 points at 24,498.83, Singapore’s Straits Times was down 0.34 per cent or 11.99 points at 3,464.32, South Korea’s Seoul Composite declined 0.95 per cent or 17.8 points at 1,853.88.

US markets:

The Dow Jones industrial average fell 39.10 points, or 0.29 per cent, to 13,403.42. Broader Stock indicators showed somewhat steeper losses.

The Standard & Poor’s 500 index fell 7.60 points, or 0.51 per cent, to 1,476.65, and the Nasdaq composite index lost 20.52 points, or 0.79 per cent, to 2,581.66. The Russell 2000 index, which tracks small company stocks, fell 7.68 points, or 0.98 per cent, to 775.81.

Market cues:

• FIIs net buy $284 mn in equity on September 14.
• MFs net sell Rs 215 crore (Rs 2.15 billion) in equity on September 14.
• NSE F&O Open Interest up by Rs 1,851 crore (Rs 18.51 billion) at Rs 85,800 crore (Rs 858 billion).

F&O cues:

• Futures Open Interest up by Rs 939 crore (Rs 9.39 billion), Options Open Interest up by Rs 912 crore (Rs 9.12 billion).
• Nifty September Futures add 2.4 lakh shares in Open Interest.
• Nifty October Futures add 3.4 lakh shares in Open Interest.
• Nifty September at 8-point discount, October at 26-point discount.
• Nifty Open Interest Put-Call ratio at 1.50 Vs 1.52.
• Nifty Puts add 8.6 lakh shares in Open Interest.
• Nifty Calls add 8 lakh shares in Open Interest.
• Nifty 4300 Put adds 2.3 lakh shares in Open Interest.
• Nifty October 4500 Put adds 1.9 lakh shares in Open Interest.
• Nifty September 4500 Put adds 1.5 lakh shares in Open Interest.
• Nifty October 4600 Call adds 1.8 lakh shares in Open Interest.
• Nifty September 4500 Call adds 1.6 lakh shares in Open Interest.
• Stock Futures add 2.4 cr shares in Open Interest.

(With inputs from moneycontrol.com)