Click to play videoMumbai: The markets have opened with huge gap up following positive US cues. SGX Nifty, which rose 7%, has also been suggesting the same. Buying was seen in oil, banking, technology, metal, realty, telecom and power stocks.
At 0956 hrs IST, the Sensex jumped 484 points to 9,529 and the Nifty rose 142 points to 2,839. CNX Midcap 100 gained 2.35% at 3,465.
Reliance Industries, ICICI Bank, SBI, Cairn India, ITC, ONGC, HDFC, Reliance Infrastructure and Suzlon Energy are leaders.
Asian markets are trading mixed. Shanghai and Hang Seng fell 1.5-3%. Nikkei lost 0.7%. However, Straits Times gained 0.91%. Kospi, Taiwan and Jakarta jumped 3-6.6%.
In the US markets, traders shrugged off disappointing GDP data that showed the economy is shrinking in late trade. It was yet again a session of wild swings with last minute gains.
The Dow gained 189.73 points, or 2.11%, to 9,180.69. The S&P 500 index advanced 24 points, or 2.58%, to 954.09, while the Nasdaq composite index surged 41.31 points, or 2.49%, to 1,698.52.
Market cues:
FIIs net sell USD 250.6 million in equity
MFs net buy Rs 503.5 crore in equity
Crude declines to $65/bbl, copper & gold slump
Inflation lower than anticipated at 10.68%; raises expectations of single digit inflation sooner
NSE F&O Nov series begins with Open Int of Rs 36,982 crore versus Rs 54,427 crore in October
F&O cues:
Marketwide rollover at 75% Vs 76% seen last time
Nifty rollover at 62% Vs 63% seen last time
Nifty Futures at 26-point premium Vs 49-point premium at beginning of Oct series
Nifty Open Int PCR at 1.02 vs 1.17 at beginning of Oct series
Nifty 2700 Put adds 12 lakh shares in Open Int
Nifty 2400 Put adds 6 lakh shares in Open Int
Nifty 2700 Call adds 11 lakh shares in Open Int
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