Nifty flat; Hong Kong, Tokyo, South Korea at 6-month high
The Indian market opened on a negative note tracking weak global cues. The Nifty is now trading at the highest level in more than six months. China reiterated that the country will continue to invest in European government debt to help resolve Europe’s debt problems. Key benchmark indices in Hong Kong, Tokyo and South Korea also rallied to six-month highs.
The Sensex was down 36.33 points or 0.20% at 18166.08, and the Nifty was down 16.15 points or 0.29% at 5515.80. About 748 shares advanced, 441 shares declined, and 2210 shares remain unchanged.
The US markets closed lower. The Dow logged its sharpest decline this year as the deadlock over the Greece debt situation made investors nervous. Apple tumbled in trade closing below 500 dollars a share, thereby weighing heavy on the S&P and the Nasdaq.
Market cues:
FIIs net buy USD 232 million in cash market on Jan 14
MFs net buy Rs 52 crore in cash market on Jan 14
Sensex rallied 17.5%, Nifty up 19% YTD
Dow Jones has steepest fall in 2012
Express intent to expand investment in Europe
Eurozone finance officials looking to delay part of Greek bailout until after the country’s April elections, without triggering a default.
F&O cues:
Nifty PCR rose to 1.61 from 1.47
Total Put adds 52.1 lakh shares, call sheds 15.8 lakh shares
Nifty 5300 Put, 5400 Put and 5200 Put seeing highest Total OI
5500 Put saw selling; adds 33 lakh (166%) shares in OI; prem down 66%
5600 Put saw selling; adds 15.20 lakh (400%) shares in OI; prem down 54.5%
5800 Call saw buying; adds 2.2 lakh (18.7%) shares in OI; prem up 106.5%
5700 Call saw buying; adds 16.2 lakh (53.5%) shares in OI; prem up 152%
5600 Call saw buying; adds 10.19 lakh (23.7%) shares in OI; prem up 180.5%
Stock futures OI adds 4.2 Cr shares in OI
Nifty future sheds 15.3 lakh shares in OI
Nifty Feb futures trading at 20.6 premium versus 24.3 premium to spot
India VIX closed at 22.1 down by 2.69%
