Mkts open flat: Midcaps, bank, cap goods down

New Delhi: The markets have opened flat after seeing huge losses on Monday's trade. Cues from Asian peers are not very bad on Tuesday as Asia is trading mixed.

Both the frontline indices have slipped in red as there is selling pressure in stocks across sectors. Breadth is not convincing with the midcap ndex in red.

At 09.57 hrs (IST), the Sensex is down 36.75 points or 0.22 per cent at 16641.13, and the Nifty up 13.00 points or 0.26 per cent at 4966.00.

About 800 shares have advanced, 2168 shares declined, and 77 shares are unchanged.

RPL, PNB, Ranbaxy, Siemens, Maruti, Reliance Energy, Cipla opened in green.

Wipro, Nalco, L&T, NTPC, HDFC, Rel Comm, ABB, Sun Pharma were among the top losers.

Asian markets were trading mixed. Hong Kong's Hang Seng gained 0.23 per cent or 53.56 points at 23,638.53.

Taiwan's Taiwan Weighted advanced 2.07 per cent or 170.75 points at 8,433.62. Japan's Nikkei rose 0.34 per cent or 43.65 points at 13,035.83. South Korea's Seoul Composite shot up 0.08 per cent or 1.27 points at 1,673.

However, Shanghai Composite was down 0.67 per cent or 29.79 points at 4,408.48. Jakarta Composite went down 1.01 per cent or 26.91 points at 2,625.40. Singapore's Straits Times was down 0.75 points or 0.03 per cent at 2,925.80.

Wall Street recovered from earlier losses to finish flat after a volatile session. The main factors were weak economic data, big decline in auto sales and concerns about the fallout of housing slump.

The Dow Jones industrial average fell 7.49 points, or 0.06 per cent, to 12,258.90. The Standard & Poor's 500 index gained 0.71 points, or 0.05 per cent, to 1,331.34, while the Nasdaq composite index was down 12.88 points, or 0.57 per cent, to 2,258.60.

Market cues:

• Nifty closed well below 200 DMA of 5,052.
• FIIs net sell $60.5 million in equity on February 29.
• MFs net buy Rs 456.40 cr in equity on February 29.
• NSE F&O Open Int up by Rs 602 crore at Rs 63,984 crore.

F&O cues:

• Futures Open Int at Rs 52,218 cr.
• Index Futures at Rs 22,426 cr (43 per cent).
• Stock Futures at Rs 52,218 cr (57 per cent)>
• Futures Open Interest down by Rs 1,343 crore and Options Open Interest up by Rs 1,945 crore.
• Nifty Futures add 29 lakh shares in OI; discount at 59 pts.
• Nifty Open Int PCR at 1.18 Vs 1.31.
• Nifty Puts add 14 lakh shares in Open Interest.
• Nifty Calls add 20 lakh shares in Open Interest.
• Nifty 4600 Put adds 6.3 lakh shares in Open Interest.
• Nifty 4900 Put adds 3.3 lakh shares in Open Interest.
• Nifty 5000 Call adds 4 lakh shares in Open Interest.
• Nifty 5100 Call adds 3.6 lakh shares in Open Interest.
• Nifty Dec 5000 Call active; premium at Rs 543.
• Stock Futures shed 57 lakh shares in Open Interest.

(With moneycontrol.com inputs)