22 December 2006

today market summery

The markets opened in pain today following yesterday's slump on the back of profit booking and unwinding of the open positions by the institutional buyers and foreign funds. Markets witnessed heavy selling across the sectors. IT and bank scrips were leading losers.
Analysts are of the view that the pain is still not over and trading in such a volatile market is challenging. Market is likely to remain volatile ahead of December contracts derivative expiry on 28th of this month as foreign funds that hold 30% of open positions are winding up their position.
At 9:58 am, the Sensex was down 91points, at 13250 and the Nifty was down 33 points at 3781. The leading gainers in the morning trade were Tech mahindra, ITC, HLL, HPCL. However, TCS, ONGC, ICICI Bank, Reliance, SBI, Tata Steel, Satyam, Siemens were trading weak.
Asian shares were mixed today, Nikkei gained 55.28 points or 0.32% at 17,066.32, Indonesia's Jakarta Composite was up 13.38 points or 0.76% at 1,780.18, Singapore's Straits Times was up 8.28 points or 0.28% at 2,929.11. However, Hong Kong's Hang Seng fell 40.07 points or 0.21% at 19,200.05, South Korea's Seoul Composite fell 4.76 points or 0.33% at 1,437.52 and Taiwan's Taiwan Weighted was down 2.52 points or 0.03% at 7,645.83.
The Dow fell 7.45 points, or 0.06%, to 12,463.87.
Market cues:
FIIs net sell USD 148.1 million in equity on December 19
MFs net buy Rs 10.69 crore in equity on December 19
NSE F&O Open Interest up Rs 384 crore at Rs 53,115 crore
NSE F&O cues:
Futures Open Interest down Rs 104 crore, Options Open Interest up Rs 488 crore
Nifty December Futures shed 16 lakh shares in Open Interest
Nifty January Futures add 24 lakh shares in Open Interest
Nifty December at 20-point discount, January at 14-point discount
Nifty Open Interest Put-Call ratio falls further to 1.19
Nifty Puts add 5 lakh, Calls add 6.6 lakh shares in Open Interest
Nifty IVs touch 31% on high volatility
Nifty December 3800 Call adds 3.2 lakh shares in Open Interest
Stock Futures shed 1 crore shares in Open Interest

by erectusplus at 15:52:00 |

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