Sensex opens above 14,500: cement pack strong

New Delhi: The markets took a huge jump in the opening Thursday on the back of strong cues from the global markets. Asian markets are trading strong following rally in US markets on Wednesday.

Broad based buying was seen in the openiong trade, however cement, metals and FMCG stocks were in demand on Thursday. Market breadth was impressive with good volume.

At 9:56 am, Sensex was up 292 points at 14541 and Nifty was up 84 points at 4234. Major gainers in the opening move today were Hindalco, Ambuja Cement, ITC, Rel Comm, Sun Pharma, Sterlite Inds, L&T, Infosys, Satyam and Tata Steel.

Asian Granito Lists at Rs 99 versus its issue price of Rs 97.

Asian markets:

Asian markets are trading higher on Friday. Hong Kong's Hang Seng gained 2.55 per cent or 570.19 points at 22,917.07, Japan's Nikkei spurted 2.47 per cent or 392.96 points at 16,293.60, Taiwan's Taiwan Weighted surged 2.55 per cent or 216.69 points at 8,710.15, Singapore's Straits Times rose 2.56 per cent or 85.14 points at 3,406.64 and South Korea's Seoul Composite advanced 2.59 per cent or 45.50 points at 1,805.

US markets:

The Dow rose 145.27 points, or 1.11 per cent, to 13,236.13. Broader stock indicators jumped as well. The Standard & Poor's 500 index rose 16.95 points, or 1.17 per cent, to 1,464.07, while the Nasdaq composite index gained 31.50 points, or 1.25 per cent, to 2,552.80.

Market cues:

FIIs net sell $2.4 mn in equity on August 21.
• MFs net sell Rs 16.5 crore (Rs 165 million) in equity on August 21.
• NSE F&O Open Interest down Rs 271 crore (Rs 2.71 billion) at Rs 82,283 crore (Rs 822.83 billion).
• CPM Comm set to empower Politburo to decide when and how to withdraw support.

F&O cues:

NSE F&O Open Interest down by Rs 271 crore (Rs 2.71 billion) at Rs 82,283 crore (Rs 822.83 billion).
• Futures Open Interest down by Rs 175 crore (Rs 1.75 billion), Options Open Interest down by Rs 96 crore (rs 960 million).
• Nifty Futures shed 23 lakh shares in Open Interest.
• Nifty Open Interest Put-Call ratio unchanged at 1.16.
• Nifty Puts add marginal OI, Calls shed marginal Open Interest.
• Nifty 4000 Put adds 4.7 lakh shares in Open Interest.
• Nifty 4200 Put adds 3.7 lakh shares in Open Interest.
• Nifty 4400 Put sheds 5.355 lakh shares in Open Interest.
• Nifty 4500 Put sheds 2.423 lakh shares in Open Interest.
• Nifty 4000 Call adds 2.16 lakh shares in Open Interest.
• Nifty 4200 Call adds 1.86 lakh shares in Open Interest.
• Nifty 4300 Call sheds 2.42 lakh shares in Open Interest.

(With inputs from moneycontrol.com)