Mkts back in momentum, Sensex regains 15k level

New Delhi: After witnessing a 400 points nosedive, markets were back in momentum on Thursday as BSE Sensex traded higher despite volatility across Asian markets.

All the indices witnessed buying interest while cement, telecom, metal, oil, capital goods and banking stocks emerged toppers.

At 11:53 hours , the Sensex was up 155.53 points or 1.04 per cent at 15,091.30, and the Nifty up 44.00 points or 1.01 per cent at 4,389.85.

Markets breadth remained positive. ACC, Ambuja Cements, Reliance Communication and GSK Pharma were the top gainers while Tata Motors, HDFC Bank, Wipro, Hero Honda and Nalco top losers.

ACC has sold 1.64 million tonnes (MT) cement in July 2007 as against 1.43 MT in July 2006. The stock was up 4.1 per cent at 1,005.5 on BSE.

Hindustan Dorr-Oliver has bagged order worth Rs 70 crore from Bharat Oman Refineries. The share has surged 5 per cent at 113.75.

IFCI, Everonn Systems, HDIL, Reliance Industries and GMR Infrastructure are most active shares on the bourses.

Index heavyweight Reliance was trading at Rs 1,834.75 up 2.04% from its previous close of Rs 1,798. Refinery major HPCL was trading at Rs 249.20 up 1.57% from its previous close of Rs 245.35.

Market cues

• FIIs net buy USD 106.3 mn in equity on July 31
• Mutual Funds net buy Rs 186.3 cr on July 31
• NSE F&O Open Interest down by Rs 2,573 crore (Rs 25.73 billion) at Rs 74,989 crore (Rs 749.89 billion)

F&O cues

• Futures Open Interest down by Rs 1,574 crore (Rs 15.74 billion), Options Open Interest down by Rs 999 crore (Rs 9.99 billion)
• Nifty Futures add 35 lakh shares in Open Interest
• Nifty Futures discount widens to 58 points
• Stock Futures shed 1.63 cr shares in Open Interest
• Nifty Open Interest Put-Call ratio down from 1.43 to 1.31
• Nifty Puts add 22.6 lakh shares in Open Interest
• Nifty Calls add 11.5 lakh shares in Open Interest
• Nifty 4400 Call adds 14 lakh shares in Open Interest, premium drops to Rs 80
• Nifty 4300 Call adds 5 lakh shares in Open Interest
• Nifty 4200 Put adds 5 lakh shares in Open Interest
• Nifty 4400 Put sheds 2.7 lakh shares in Open Interest
• Nifty 4400 Put premium surges to Rs 194 as Put writers scramble to cover
• Nifty 4500 Put sheds 2.3 lakh shares in Open Interest

With excerpts from a moneycontrol.com report

Original news source