OPENING TRADE
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Mkts crash in opening trade; Sensex slips below 14K
Published on Fri, Jun 27, 2008 at 09:58, Updated on Fri, Jun 27, 2008 at 11:53 in 
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Mumbai: Indian markets were slaughtered in opening trade following a steep fall in US, Asian markets and on concerns of rising oil price.
NYMEX crude hit $140.39 a barrel. The Nifty has slipped below 4,200 again and the Sensex below 14,000 mark; both indices fell over 3 per cent. The Market breadth is worse than ever; 36 shares advanced while 589 shares declined on the NSE. All BSE indices are trading in red.
At 9:58 hrs IST, the Sensex was down 454 points at 13,967 and the Nifty down 128 points at 4,187. The Nifty July Futures was trading at 40 points discount.
Reliance Industries, Reliance Comm, Infosys, L&T and ONGC are dragging both indices sharply lower.
Amongst frontliners, Wipro, Tata Motors, HDFC Bank, ICICI Bank, HDFC and SBI fell very hard. However, Cairn India shot up on higher crude price.
On the primary market front, Bafna Pharma listed at Rs 44 as against issue price of Rs 40 on the BSE.
Asian markets were trading sharply lower; Nikkei, Hang Seng, Shanghai, Taiwan Weighted, and Kospi fell 2-5 per cent.
US markets plunged after a downgrade on brokerage stocks, disappointing earnings from two tech giants and oil's break above $ 140 a barrel. The Dow Jones fell more than 350 points to close at its lowest level since September 2006. The Dow plunged 358.41 points, more than 3 per cent, to close at 11,453.42. The Standard & Poor's 500 fell 38.82 points, about 3 per cent, to 1,283.15, and the Nasdaq composite lost 79.89 points, or 3.3%, to 2,321.37.
Market cues:
* FIIs net sell $25.7 mn in equity
* FIIs have sold $2.6 bn in June series in the cash market
* Total F&O Open Interest at the beginning of new series at Rs 58,004 crore
F&O cues:
* Strong rollovers were witnessed; marketwide rollover at 82 per cent, Nifty rollover at 70 per cent
* Single Stock Futures rollover lower; Nifty Futures witness aggressive short rollover
* Nifty July series Open Interest up 18 per cent at 7,76,850 contracts Vs June series
* Banks, metal & cement witness strong rollover
* Nifty Net Futures up 17.5 per cent; add 83 lakh shares in Open Interest
* Nifty July Futures at 70 pts discount Vs 46.6 pts discount a day ago
* Nifty Open Interest Put-Call ratio at 1.11 Vs 1.01
* Nifty Puts add 31.5 lakh shares in Open Interest
* Nifty Calls add 37.5 lakh shares in Open Interest
* Nifty July 4400 Call add 15.6 lakh shares in Open Interest
* Nifty July 4000 Put add 10.65 lakh shares in Open Interest
* Nifty July 4500 Call add 7.8 lakh shares in Open Interest
* Nifty July 4300 Call add 7.5 lakh shares in Open Interest
* Nifty July 4100 Put add 7.1 lakh shares in Open Interest
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