Weak Start @ 12.00p.m.

The markets had opened on a subdued note, seemingly on the back of the setbacks suffered by the global indices. While Pharma and telecom stocks were trading firm, banking, cement and software stocks were featuring among the losers. The overall market breadth was negative with losers outnumbering gainers in the ratio of 1.6:1 on the NSE.  

Sensex was trading at 17712.02, down 110 points while the Nifty was trading at 5236.95, down 31 points. The rupee was trading at 39.25 to the dollar. 

BSE Indices: PSU (-0.46%), Mid Cap (-0.41%), Capital Goods (-0.39%), Bank (-1.21%), Oil & Gas (-0.95%), IT (-0.47%), Tech (-0.26%), Power (-0.45%), Reality (-0.62%), Small Cap (-0.49%) were trading in Red whereas Auto (+0.2%), FMCG (+0.04%), Metal (+0.48%), Healthcare (+0.67%) were trading in green . 

Sensex/Nifty: Hindalco (+3.50%), Cipla (+1.76%), Satyam (+1.50%), M&M (+1.26%), HDFC Bank (+0.77%), Hero Honda (+2.78%), Sun Pharma (+2.53%), NALCO (+2.44%), Sterlite Ind (+2.28%) were among top gainers whereas Ambuja Cem (-2.56%), SBI (-2.07%), Reliance (-1.76%), ACC (-1.57%), ICICI Bank (-1.32%), HCL Tech (-2.63%), PNB (-2.35%), Reliance (-2.03%) were among top losers. 

Shares of metal companies were top gainers on Nifty, with Hindalco and National Aluminium Co up around 4% each. Technology shares were the worst hit on Nifty. Infosys Technologies and HCL Technologies were down 1% each.  

Oil stocks were trading weak with RIL and Cairn India each down 1% being the key losers. The centre has rejected a demand by RIL and ONGC to relax, by five years, the deadline by which they have to complete exploration of hydrocarbon blocks in the Kerala Konkan basin. This follows from the decision of the empowered committee of secretaries, which decided against the extension asked for by the two companies because it would set the wrong precedent. RIL and ONGC had asked that the government give a research and development (R&D) status for their blocks in the Kerala Konkan basin. That would have given them more time to develop the blocks according to prevailing policies. ONGC however was trading marginally higher.  

What’s in F&O? 

FII Investment:

EQ (+350.45 Cr.) 

Open Interest (OI) positions:

Market wide: up Rs. 496 Cr at Rs 81707 Cr.

Index : up Rs. 767 Cr at Rs. 43921

Stock : down Rs. 271 Cr at Rs. 37786

Nifty: -0.03 % 

 PCR (Nifty) 1.04(1.01)

Active Contracts – Nifty, Nifty March, REL, Ril, RelCapital, Ril March

Top Gainers – Sun Pharma, Glaxo, M&M, HDFC, BHEL, Siemens, Ranbaxy, LT, Maruti, PNB

Top Losers – Grasim, REL, NALCO, Tata Com, Sterlite Ind, Suzlon, Satyam Comp, Infosys Tech

Active Calls – 5300, 5400, 5200, 5500 March, 5500, 5100, 5400 March, 5300 March, 5000, 5350

Active Puts – 5300, 5200, 5400, 5000 March, 5100, 5500, 5300 March, 5000, 4800 March, 5200 Mar.