Markets surge in early trade after UPA wins trust vote

GOOD OPENING: At 0956 hrs IST, the Sensex was up 647 points at 14,751.

Featured Blog

Rajdeep Sardesai

Television, for politicians with a vision

Featured Slideshows

Related Headlines

powered by

• Sensex rises past 10,900 level
• Manic Monday: Sensex nosedives 700 points
• Sensex up on oil, tech and banks

Keywords: Stocks, Shares

Mumbai: Markets have opened sharply higher after the United Progressive Alliance Government won the vote of confidence by 19 votes wherein 275 members were in favour of the Congress-led Government and 256 members voted against them.

At 0956 hrs IST, the Sensex was up 647 points at 14,751 and Nifty up 190 points at 4,430.

US market recovered from day’s low to end near days high in late trade prompted by fall in crude prices and continued strength in financial sector.

Dow Jones ended up 135 points at 11602, recovered nearly 215 points from days low. Nasdaq ended up 24.4 points at 2304, recovered nearly 52 points from days low.

Market cues:

• UPA govt wins trust vote with 275 votes in their favour
• Crude prices slide to $127/bbl, global markets positive
• FIIs net sell $27.7 mn in equity on July 21: SEBI
• NSE F&O Open Interest up by Rs 2,995 cr at Rs 76,859 crore

F&O cues:

• Futures Open Interest up by Rs 709 cr and Options Open Interest up by Rs 2,286 crore
• Nifty July Futures shed 8.6 lakh shares in Open Interest
• Nifty Aug Futures add 10.6 lakh shares in Open Interest
• Nifty July at 10-pt premium, Aug at 6-pt discount
• Nifty Open Interest PCR at 1.24 Vs 1.31
• Nifty Puts add 18 lakh shares in Open Interest
• Nifty Calls add 30.6 lakh shares in Open Interest
• Nifty Jul 4000 Put adds 3.7 lakh shares in Open Interest
• Nifty Aug 4000 Put adds 3.3 lakh shares in Open Interest
• Nifty Jul 4200 Put adds 3.3 lakh shares in Open Interest
• Nifty 4500 Call adds 8.5 lakh shares in Open Interest
• Nifty 4300 Call adds 8.3 lakh shares in Open Interest
• Nifty 4400 Call adds 7.8 lakh shares in Open Interest