Mkts open with modest loss; cap good, metals gain

Following the stupendous run yesterday, the markets opened with modest loss today on the back of weak cues from the global markets. Market breadth was positive with over 550 stocks on the advancing side and about 300 stocks on the decline side.

At 9:56 am, Sensex was down 94 points at 19834 and Nifty was down 1 points at 5937. major gainers in the opening move were Hindalco, L&T, BHEL, Tisco, Tata Motors, Rel Energy, ONGC, Bharti, Airtel and Essar Oil.

Asian markets were trading lower. Hong Kong's Hang Seng plunged 0.53% or 153.32 points at 29,012.69, Taiwan's Taiwan Weighted fell 0.21% or 18.53 points at 8,924.40, Singapore's Straits Times tumbled 0.62% or 22.03 points at 3,502.88, South Korea's Seoul Composite was down 0.30% or 5.95 points at 1,966.63. However, Japan's Nikkei rose 0.34% or 52.53 points at 15,552.09.

US markets: The Dow fell 76.08 points, or 0.57%, to 13,231.01. Broader stock indicators also fell. The Standard & Poor's 500 index lost 10.47 points, or 0.71%, to 1,470.58, while the Nasdaq composite index tumbled 29.33 points, or 1.10%, to 2,644.32.

Market cues:

• SEBI Board approves new derivative products
• New products include mini contracts on indices and volatility index
• FIIs net buy USD 30.3 million in equity on Nov 13
• MFs net sell Rs 12.8 crore in equity on Nov 13
• NSE F&O Open Interest up by Rs 2,182 crore at Rs 98,207 crore

F&O cues:

• Futures Open Interest up by Rs 1,388 crore, Options Open Interest up by Rs 793 crore
• Nifty Futures shed 19 lakh shares in Open Int; at a 21-pt premium
• Stock Futures shed 1 cr shares in Open Interest
• Nifty Open Int PCR at 1.21 vs 1.16
• Nifty Puts add 7.9 lakh shares in Open Interest
• Nifty Calls add 1.8 lakh shares in Open Interest
• Nifty 5900 Put adds 2.6 lakh shares in Open Interest
• Nifty 5700 Put adds 2.6 lakh shares in Open Interest
• Nifty 6200 Call adds 1.65 lakh shares in Open Interest