Business | Updated Feb 13, 2008 at 10:58am IST

Markets trade strong: Metal, banks, energy stocks up

Mumbai: The markets opened in green on the back of strong cues from the Asian peers. US stocks ended mixed with Dow was up 133 points, but Nasdaq closed flat. Broader markets have opened quiet. Private banks, power, metal were among the gainers. However, technology started weak.

Sensex opened up 219 points at 16825. The Nifty opened up 63 points at 4901.

Among the major frontline gainers were Reliance, ONGC, ICICI Bank, RPL, Idea Cellular, NTPC, Cairn, Tata Communication, HDFC Bank, Tata Steel, Sterlite, SAIL, Rel Communication.

Among the top losers were technology stocks like Satyam, Infosys and Wipro. Asian markets were trading mixed. Hong Kong's Hang Seng gained 2 per cent, Japan's Nikkei rose 1.39 per cent, Taiwan's Taiwan Weighted advanced 0.75 per cent, Singapore's Straits Times was in red, South Korea's Seoul Composite marginally red.

Rupee was trading at Rs 39.60 per dollar.

Market cues:

> FIIs net sell $457.5 m in equity on Friday, Monday

> MFs net sell Rs 570.8 cr in equity on Feb 11

> NSE F&O Open Int unchanged at Rs 66,620 crore

F&O cues:

> Futures Open Int down by Rs 611 crore and Options Open Int up by Rs 626 crore

> Stock Futures shed 1.75 cr shares in Open Int

> Stock Futures now have Open Int of 110 cr shares, which is lower than seen at Jan lows

> Nifty Feb Futures Open Int unchanged; at 43-point discount

> Nifty March Futures add 3 lakh shares in OI; at 48-point discount

> Nifty Open Int Put-Call ratio at 0.88 Vs 0.91

> Nifty Puts add 3 lakh, Calls add 7 lakh shares in Open Int

> Nifty 4600 Put adds 1.4 lakh shares in Open Int

> Nifty 4900 Put adds 1.2 lakh shares in Open Int

> Nifty 5000 Call adds 2 lakh shares in Open Int

> Nifty 4800 Call adds 1.4 lakh shares in Open Int

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