Mkts surge as UPA wins trust vote, global cues strong
Published on Wednesday, July 23rd, 2008 at 5:00 AMAuthor: admin (5507 Articles)
Markets have opened sharply higher as UPA government has won vote of confidence by 19 votes wherein 275 seats were in favour of them and 256 in against of them. Good gain in US markets on the back of fall in crude oil price and financial stocks, also weighed positively on the markets.
Most beaten down sectors like banking, realty, power and capital goods stocks have rallied very sharply on the bourses.
At 9:56 am, the Sensex was up 647 points at 14,751 and Nifty up 190 points at 4,430. Market breadth is positive; 798 shares have advanced while 65 shares declined on the NSE. BSE Midcap and Small Cap went up 3-3.5%.
Top gainers are ICICI Bank, HDFC, Reliance Infra, Unitech and DLF while Wipro and Cairn India losers.
BSE Bankex, Realty and Power indices gained 7-8%. Capital Goods rose 6%. Oil & Gas, Metal, Auto and FMCG shot up 2-4%. IT and Healthcare rose over 1%.
Asian markets are trading higher. Hang Seng, Nikkei, Straits Times, Kospi and Taiwan Weighted went up 1.5-3.5%.
US market recovered from day’s low to end near days high in late trade prompted by fall in crude prices and continued strength in financial sector. Dow Jones ended up 135 points at 11602, recovered nearly 215 points from days low. Nasdaq ended up 24.4 points at 2304, recovered nearly 52 points from days low.
Market cues:
- UPA govt wins trust vote with 275 votes in their favour
- Crude prices slide to $127/bbl, global markets positive
- FIIs net sell $27.7 mn in equity on July 21: SEBI
- NSE F&O Open Interest up by Rs 2,995 cr at Rs 76,859 crore
F&O cues:
- Futures Open Interest up by Rs 709 cr and Options Open Interest up by Rs 2,286 cr
- Nifty July Futures shed 8.6 lakh shares in Open Interest
- Nifty Aug Futures add 10.6 lakh shares in Open Interest
- Nifty July at 10-pt premium, Aug at 6-pt discount
- Nifty Open Interest PCR at 1.24 Vs 1.31
- Nifty Puts add 18 lakh shares in Open Interest
- Nifty Calls add 30.6 lakh shares in Open Interest
- Nifty Jul 4000 Put adds 3.7 lakh shares in Open Interest
- Nifty Aug 4000 Put adds 3.3 lakh shares in Open Interest
- Nifty Jul 4200 Put adds 3.3 lakh shares in Open Interest
- Nifty 4500 Call adds 8.5 lakh shares in Open Interest
- Nifty 4300 Call adds 8.3 lakh shares in Open Interest
- Nifty 4400 Call adds 7.8 lakh shares in Open Interest
Source : MoneyControl
Subscribe to my newsletter filling the form below. I'll try to make you happy.
Related Posts :
|
|
|
Market Live |
|
|
Loading ...