Friday, February 20, 2009

Market Cues - 20-02-09

The benchmark indices have opened lower on the last day of the week, following negative global cues. Sell-off is seen in capital goods, telecom, realty, metal and banking stocks.

At 9:56 am, the Sensex was trading at 8,892, down 149 points and the Nifty was at 2,743, down 45 points. CNX Midcap 100 fell 25 points, to 3,260.

Among frontliners, ICICI Bank, DLF, Unitech, Tata Communication, ABB, Nalco, L&T, Reliance Communication, Tata Steel, Bharti Airtel, Zee Entertainment, ONGC, Infosys and HDFC are under pressure.

Satyam surged over 5%, as Company Law Board finalised the company stake sale plan. Sources said the company is likely to sell 26% stake to strategic partner. Maytas Infra locked at 5% lower circuit.

Among midcaps, Educomp and Spice Communication fell nearly 4% each. Areva T&D has bagged orders worth Rs 200 crore, the stock gained 2.7%. Firstsource gained 2.5%.

Asian markets are trading lower on the back of bad loan concerns, barring Shanghai. Kospi fell over 3% and Hang Seng down over 2%. Taiwan, Straits Times and Nikkei lost around 1.5%. However, Shanghai gained 0.6%.

US markets slipped on dismal manufacturing report and weak outlook from Hewlett-Packard. The fears of bank nationalization continue to drag financials.

Dow Jones closed below November closing lows and hit 6-year low, ended 90 points down at 7466. It hit a low of 7,448 and slipped 150 points from days high of 7,615. Its November intraday low was at 7,392.

The Nasdaq was down 25 points, to 1,443, which slipped 43 points from days high of 1,485. Its November closing low was at 1316 and intraday low at 1295.

The S&P 500 ended down 9.5 points at 779, which slipped 19 points from days high of 798. Its November closing low was at 752 and intraday low at 741.

April crude oil futures went up nearly 6% to $39.8 a barrel. Its March crude oil was up 14% at $39.5/bbl. March crude futures will expire today. Unexpected decline in US crude inventories, down 138000 to 350.6mln bbls.

Market cues:

FIIs net sell USD 107 million in equity on February 18

MFs net sell Rs 107 crore in equity on February 18

F&O cues:

Nifty Rollover at 29% versus 23% one day ago

Marketwide Rollover at 23.6%

Total Futures Open Int up by Rs 767 crore , Total Options Open Int up by Rs 557 crore

Nifty up 0.5%, Futures Open Int up 3%

Stock Futures add 2 cr shares in Open Int

Nifty Feb Futures discount at 3 pts versus 13 pts

Nifty IVs at 32-37% levels

Nifty Open Int Put-Call ratio up from 1.14 to 1.15

Nifty Calls add 5.59 lakh shares in Open Int; Nifty Puts add 9.33 lakh shares in Open Int

Nifty March 2500 Put adds 3.16 lakh shares in Open Int

Nifty March 3000 Call adds 2.54 lakh shares in Open Int

Nifty March 2800 Call adds 2.27 lakh shares in Open Int

Nifty March 2900 Call 2.07 lakh shares in Open Int

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