Mumbai: Markets have recovered early trade losses and trading flat with some choppiness as buying is seen in technology, select realty, pharma and banking stocks while selling in select oil, metal, auto and FMCG stocks.
At 10:13 hrs IST, the Sensex rose by 20 points at 14,744 while Nifty fell 11.45 points at 4,419. Nifty August Futures is trading with 8 points premium. BSE Midcap and Small cap indices are also flat.
Markets breadth is negative; about 1,333 shares have advanced while 1,624 shares declined. Nearly 205 shares are unchanged.
Top gainers are Infosys, Wipro and Satyam while losers are Hindalco, Sterlite, Reliance Comm and Ambuja Cements.
Indian Rupee is trading at 43.2650 per dollar.
BSE IT Index rose over 2 per cent and Healthcare was up half a per cent. However, Metal and Oil and Gas lost nearly 1 per cent each. Auto and Power fell 0.5 per cent each.
Hindalco Industries plunged 4.5 per cent as its board panel finalised rights issue at Rs 96 per share to raise over Rs 4,000 crore.
Markets @ 9:56 hrs IST: Trade lower on higher inflation, weak Asian cues
Markets have opened lower following weak Asian cues and increase in inflation numbers for week-ended August 2 at 12.44 per cent as against 12.01 per cent in previous week. Selling is seen in oil and gas, banking, power, metal, auto and capital goods stocks.
At 9:56 hrs IST, the Sensex fell 60 points at 14,663 and Nifty down 24 points at 4,406.
Amongst frontliners, Hindalco, Maruti Suzuki, Sterlite Ind and Ambuja Cements have lost ground while Infosys, Satyam and Wipro have gained.
Reliance Communication fell 2.5 per cent in early trade as its subsidiary, Reliance Infratel has scrapped IPO plans as Sebi deadline lapses.
Currently crude oil is trading above $ 114.55 per barrel on the NYMEX. It has hit a low of $ 111.34/bbl on Friday for the first time since May. Crude oil has lost 24 per cent since the all-time peak.
US markets ended mixed. The Dow advanced 43.97 points, or 0.38 per cent, to 11,659.90. The SandP 500 index gained 5.26 points, or 0.41 per cent, to 1,298.20, while the Nasdaq declined 1.15 points, or 0.05 per cent, to 2,452.52.
Market cues:
* Inflation for week-ended Aug 2 at 12.44 per cent Vs 12.01 per cent
* Crude hovering around $ 114/bbl after falling to a low of $112/bbl
* FIIs net sell $160.2 mn in equity on Aug 13: SEBI
* NSE F&O Open Int up by Rs 151 crore at Rs 76,656 crore
F&O cues:
* Futures Open Int down by Rs 1341 crore, Options Open Int up by Rs 1,492 crore
* Nifty futures shed 4 lakh shares in Open Int, at 7-point premium
* Nifty Open Int PCR at 1.15 vs 1.24
* Nifty Puts shed 11 lakh shares, Calls add 15.7 lakh shares in Open Int
* Nifty 3900 Put adds 2 lakh shares in Open Int
* Nifty 4500 Put sheds 7 lakh shares in Open Int
* Nifty 4300 Put sheds 2.8 lakh shares in Open Int
* Nifty 4500 Call adds 4.5 lakh shares in Open Int
* Nifty 4700 Call adds 3.7 lakh shares in Open Int
* Stock futures Open Int unchanged
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