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Markets open in positive terrain on good Asian cues
Published on Thu, Jun 26, 2008 at 10:15, Updated on Thu, Jun 26, 2008 at 10:51 in 
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Mumbai: The markets have opened in a positive terrain following good Asian cues and continued Wednesday's momentum further. Bankings, technology, and select oil and capital goods stocks are giving support to the markets.
At 0956 hrs IST, the Sensex was up 94 points at 14,314 and the Nifty up 18 points at 4,271. The Nifty June Futures was trading at 11 points discount and July Futures at 36 points discount. The CNX Midcap was up 60 points at 5,671.
Top gainers are Reliance Industries, HDFC, ICICI Bank and L&T. Other gainers amongst frontliners are Idea Cellular, Unitech, Suzlon, Hindalco, SBI, JP Associates, Tata Comm, Tata Steel and ITC. However, Bharti Airtel, HUL, Hero Honda, ONGC, DLF and Maruti Suzuki are draggers.
Asian markets were trading higher barring Shanghai. Hang Seng, Nikkei and Kospi gained 0.6 per cent each. Jakarta Composite rose one per cent and Straits Times up 0.8 per cent. However, Shanghai Composite fell 1.1 per cent.
The US markets ended on a positive note after some volatile action following the Fed's decision to interest rates unchanged. A drop in oil prices and modestly encouraging economic reports helped prop up the market.The Dow Jones advanced 4.40 points, or 0.04 per cent, to 11,811.83. The S&P's 500 Index gained 7.68 points, or 0.58 per cent, to 1,321.97, and the Nasdaq was up 32.98 points, or 1.39 per cent, to 2,401.26.
Market cues:
- FIIs net buy $ 68 mn in equity
- NSE F&O Open Interest up by Rs 3,621 crore at Rs 85,484 crore
F&O cues:
- Marketwide rollover at 62.5 per cent Vs 43.1 per cent a day ago
- Nifty rollover at 63 per cent Vs 44.7 per cent a day ago
- Rollover picks up in last 2 days; selective long rollover seen in next series
- Futures Open Interest up by Rs 2,024 crore and Options Open Interest up by Rs 1,596 crore
- Nifty net Futures up 5.5 per cent in Open Interest; add 24.6 lakh shares in Open Int
- Nifty June Futures at 7 pts discount Vs 19 pts discount a day ago
- Nifty July Futures at 46.6 pts discount Vs 50.7 pts discount a day ago
- Nifty Open Interest Put-Call ratio at 1.01 Vs 1.08
- Nifty Puts add 6 lakh shares in Open Interest
- Nifty Calls add 32.5 lakh shares in Open Interest
- Nifty July 4200 Call add 12.6 lakh shares in Open Interest
- Nifty July 4300 Call add 11.8 lakh shares in Open Interest
- Nifty June 4100 Put add 7.15 lakh shares in Open Interest
- Nifty July 4000 Put add 7 lakh shares in Open Interest
- Nifty June 4400 Put sheds 10.8 lakh shares in Open Interest
- Nifty Futures rollover at 3 cr shares Vs 2.6 cr shares last expiry
- Nifty Futures rollover at Rs 12,580 cr Vs Rs 12,952 cr last expiry
- Stock Futures rollover at 68 cr shares Vs 73 cr shares last expiry
- Stock Futures rollover at Rs 16,166 cr Vs Rs 18,801 cr last expiry
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