Mumbai: The markets have opened on strong note following positive cues from US markets and Asian markets and buying interest in infrastructure, power, realty, oil, banking stocks. Nifty has crossed its 5,000 mark and the Sensex was over 16,500 in morning trade. The market breadth was positive.
At 0956 hours, the Sensex was up 560 points at 16,683 and the Nifty up 125 points at 4,991. L&T, Reliance Industries, NTPC, PFC, ICICI Bank, HDFC Bank, DLF, BHEL, Siemens, ABB, GAIL and Reliance Energy were the gainers.
On the primary market front, Rural Electrification listed at Rs 129.50 versus Rs 105 on the NSE. Asian markets were trading higher. Hong Kong's Hang Seng added 2.84 per cent or 653.36 points at 23,648.71.
Japan's Nikkei surged 2.70 per cent or 341.56 points at 12,999.84. Taiwan's Taiwan Weighted gained 1.83 per cent or 153.50 points at 8,535.10. Singapore's Straits Times rose 2.64 per cent or 75.58 points at 2,936.43. South Korea's Seoul Composite advanced 2.14 per cent or 35.16 points at 1,676.64.
Wall Street rallied the most in five years after the Fed decided to boost liquidity in order to shore up banks battered by mortgage- related losses. The Dow and Nasdaq posted their biggest one-day percentage gains since March 2003. For the S&P 500 index, it was the biggest percentage jump since October 2002.
The Dow gained 416.66 points, or 3.6 per cent, to 12,156.81. The Standard & Poor's 500 index advanced 47.28 points, or 3.7 per cent, to 1,320.65, while the Nasdaq composite index added 86.42 points, or about 4 per cent, to 2,255.76.
Market cues:
> FIIs net sell $ 282 m in equity
> MFs net buy Rs 336.3 cr in equity
> NSE F&O Open Interest up Rs 1,427 cr at Rs 68,218 cr
F&O cues:
> Futures Open Interest up by Rs 687 crore
> Options Open Interest up by Rs 739 crore
> Nifty Futures shed 19.5 lakh shares in Open Int, at 10-point discount
> Nifty Open Interest Put-Call ratio at 0.99 Vs 1.01
> Nifty Puts add 4.8 lakh shares in Open Interest
> Nifty Calls add 7.7 lakh shares in Open Interest
> Nifty 4800 Put adds 1.2 lakh shares in Open Interest
> Nifty 5000 Call adds 3.3 lakh shares in Open Interest
> Nifty 5100 Call adds 2 lakh shares in Open Interest
> Stock Futures add 1 cr shares in Open Interest
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