Markets open flat; IT, cement stocks up

New Delhi: The markets have opened flat on Tuesday in line with its Asian peers. IT, auto and cement pack were strong in the opening trade.

However, metals and oil refineries were little subdued. Volume was low in the opening trade On Tuesday.

At 9:56 am, Sensex was up 58 points at 15480 and Nifty was up 13 points at 4488. Major gainers in the opening move were Infosys, Wipro, TCS, BHEL, ICICI Bank, HDFC Bank, ACC, Rel Petroleum, Ambuja Cement, L&T. However, Tata Motors, BPCL, Hindalco and Bharti Airtel were down.

Asian markets trading mixed. Japan's Nikkei plunged 0.42 per cent or 70.15 points at 16,454.78, Taiwan's Taiwan Weighted declined 0.62 per cent or 55.83 points at 8,924.13, Singapore's Straits Times was flat at 3,386.62 and South Korea's Seoul Composite was flat at 1,882.03. However, Hong Kong's Hang Seng gained 0.14 per cent or 33.37 points at 23,937.46.

Market cues:

• FIIs net buy USD 167.6 mn in equity on August 31.
• MFs net buy Rs 463.6 cr in equity on August 31.
• NSE F&O Open Interest up by Rs 3,678 crore (Rs 36.78 billion) at Rs 67,940 crore (Rs 679.40 billion).
• NSE F&O Open Interest up by Rs 8,720 crore in first two days of September series.

F&O cues:

• Stock Futures add 7.5 cr shares in Open Interest.
• Stock Futures have added nearly 18 cr shares in first 2 days of September series.
• Futures Open Interest up by Rs 2,232 crore (Rs 22.32 billion), Options Open Interest up by Rs 1,446 crore (Rs 14.46 billion).
• Nifty Futures add 6 lakh shares in Open Interest, discount at 32-points.
• Nifty Open Interest Put-Call ratio at 1.53 Vs 1.45.
• Nifty Puts add 17 lakh shares in Open Interest.
• Nifty Calls add 5.5 lakh shares in Open Interest.
• Nifty 4400 Put adds 7.7 lakh shares in Open Interest.
• Nifty 4400 Put now has Open Int of Rs 1,712 cr.
• Nifty 4300 Put adds 3.7 lakh shares in Open Interest.
• Nifty 4500 Call adds 1.93 lakh shares in Open Interest.

(With inputs from moneycontrol.com)