Markets open in red, Sensex below 17,500
Markets open in red, Sensex below 17,500
Breadth is extremely weak as the CNX Midcap has opened with a cut of one per cent.

Mumbai: The markets have opened in red in line with its Asian peers. Nifty is trading just above 5100 mark while Sensex is below 17,500. The cues from Asia are not very encouraging as most of the Asia is trading in red. Wall Street slipped on Thursday; Dow was down 143 points.

Breadth is extremely weak as the CNX Midcap has opened with a cut of one per cent.

At 1005 hrs IST, the Sensex is down 243.74 points or 1.37 per cent at 17490.94.

About 1173 shares have advanced, 1766 shares declined, and 92 shares are unchanged.

A couple of technology and bank stocks are seeing in a green tick. Centurion BoP is up seven per cent and is the top traded counter.

Bajaj Auto, ABB, GAIL, HDFC, DLF, Reliance Energy, Reliance, ICICI Bank, NTPC, HUL, SBI were among the top laggards on the indices.

Rupee opened at Rs 39.92 per dollar and is trading at 39.99 levels.

Asian markets were trading weak. Hong Kong's Hang Seng fell 1.93 per cent, Japan's Nikkei slipped 1.93 per cent, Taiwan's Taiwan Weighted was down 0.40 per cent, Singapore's Straits Times plunged 0.92 per cent, South Korea's Seoul Composite declined 1.58 per cent.

Market cues:

  • FIIs net buy USD 14.1 million in equity
  • MFs net sell RS 191.3 crore in equity
  • NSE F&O Open Interest up by Rs 1,462 crore at Rs 76,515 crore

F&O cues:

  • Futures Open Interest up by Rs 1,117 crore and Options Open Interest up by Rs 345 crore
  • Nifty Feb Futures shed 25 lakh shares in Open Interest
  • Nifty Mar Futures add 24 lakh shares in Open Interest
  • Nifty Feb at 10-pt discount; Mar at 36-pt discount
  • Nifty Open Interest Put-Call ratio at 0.95 Vs 0.96
  • Nifty Puts add 2 lakh shares in Open Interest
  • Nifty Calls add 3.4 lakh shares in Open Interest
  • Nifty 5200 Put adds 0.7 lakh shares in Open Interest
  • Nifty 5300 Call adds 1.3 lakh shares in Open Interest
  • Nifty 5500 Call adds 1.2 lakh shares in Open Interest
  • Stock Futures add 1.2 cr shares in Open Interest

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