Overseas Market & Cues – 18 Sep’2012

  • Asian markets were trading lower. China’s Shanghai Composite was down 0.48% or 9.92 points at 2,068.58.
  • Japan’s Nikkei was flat at 9,163.77.
  • Singapore’s Straits Times was down 0.25% or 7.58 points at 3,071.14.
  • South Korea’s Seoul Composite was down 0.21% or 4.16 points at 1,998.19.
  • Taiwan’s Taiwan Weighted was down 0.42% or 32.80 points at 7,729.42.
  • Hong Kong’s Hang Seng was up 0.16% or 32.58 points at 20,690.69.
  • The US markets snap a four-day rally, pulling back from Fed-fueled multi-year highs, amid fresh geopolitical worries and following a sharp drop in oil prices. Despite the day’s pullback, all three major averages are still up more than 3% for the month.
  • Dow Jones Industrial Average was down 0.3% or 40.27 points at 13553.1. Nasdaq Composite was down 0.17% or 5.28 points at 3178.67. Standard & Poor’s 500 was down 0.31% or 4.58 points at 1461.19.
  • In stock specific action Apple crossed USD 700 a share in after-hours trading after closing at a new all-time high after the company said iphone 5 sales set a record over the weekend.
  • On economic data front, factory activity in New York state contracted for a second month in a row in September, falling to its lowest level in nearly 3-1/2 years as new orders shrank further.
  • In key data to watch out for in US today, housing market index is expected to rise to 38 in September.
  • In the currency space, the dollar hovers around 7-month lows against a basket of major currencies. The dollar index was below the 79 mark.
  • In commodities, Brent crude slipped to USD 111 levels in 3 minutes yesterday. It pares its losses to trade back above USD 114. In the meanwhile the US commodity futures trading commission is looking into the reason for the fall.
  • From the previous metals space, gold prices slip marginally to USD 1760 levels.
  • Indian ADRs ended lower on Monday. In the IT space, Wipro was down 0.78% at USD 8.92, Patni was down 0.21% at USD 19.06 and Infosys was up 0.08% at USD 48.19.
  • In the Banking space, HDFC Bank was down 0.32% at USD 37.02 and ICICI Bank was up 2.38% at USD 39.1. In the Telecom space, Tata Communication was down 1.22% at USD 8.88 and MTNL was down 2.04% at USD 1.44.
  • In the other space, Sterlite was up 0.13% at USD 7.69, Tata Motors was down 1.61% at USD 25 and Dr Reddys was down 2.83% at USD 30.93.

Market cues:

  • FIIs net buy USD 522 million in cash market on Sep 14
  • MFs net sell Rs 202 crore in cash market on Sep 14
  • As per provisional data of September 17, FIIs were net buyers of Rs 2252 crore in cash market. FIIs were net buyers of Rs 1976 cr in F&O. DIIs were net sellers of Rs 838 cr in cash market.

F&O cues:

  • Nifty options suggest market range of 5400-5700
  • Total Puts add 42.4 lakh shares in Open Interest
  • Total Calls adds 10.3 lakh shares in Open Interest
  • 5800 Call adds 22 lakh shares in Open Interest
  • 5700 Call adds 7.7 lakh shares in Open Interest
  • 5600 Put adds 11 lakh shares in Open Interest
  • 5500 Put adds 9 lakh shares in Open Interest
  • 5600 Call sheds 14 lakh shares in Open Interest
  • Total Nifty Futures added 12.3 lakh shares in OI
  • Stock Futures adds 62.2 lakh shares in OI
  • Nifty PCR rose to 1.1 from 1.03
  • India VIX closed at 17.78 up by 15.6%
  • FIIs in F&O on Sep 17
  • FIIs net buy Rs 1122 cr in Index Futures; Index Futures Open Int contracts up by 21420
  • FIIs net buy Rs 541 cr in Index Options; Index Options Open Int contracts up by 118440
  • FIIs net buy Rs 428 cr in Stock Futures; Stock Futures Open Int contracts up by 11715

Overseas Market View – F&O Cues

  • The US markets eased off their session lows but still ended in the red, with the S&P 500 snapping a six-day winning streak, amid fears of a global economic slowdown. The CBOE volatility index fell below 14 to its lowest level in almost five years.
  • Dow Jones Industrial Average was down 0.29% or 38.52 points at 13169.43. Nasdaq Composite was up 0.05% or 1.66 points at 3022.52. Standard & Poor’s 500 was down 0.13% or 1.76 points at 1404.11.
  • In key data to watch out for in the US today, the producer price index for the month of July is expected to edge up 0.2%. And retail sales may see a 0.3% growth in July.
  • In the currency space, the euro holds on to its yesterday gains ahead of the GDP data due from Germany and France.
  • In commodities, Brent crude prices retreat to USD 113 levels after touching an intraday high of USD 115 levels yesterday.
  • Indian ADRs ended lower on Monday. In the IT space, Infosys was down 0.93% at USD 41.4, Wipro was down 0.61% at USD 8.1 and Patni was down 0.58% at USD 18.6505.
  • In the Banking space, ICICI Bank was down 1.52% at USD 34.39 and HDFC Bank was down 0.93% at USD 35.25. In the Telecom space, Tata Communication was down 1.97% at USD 8.42 and MTNL was up 1.33% at USD 1.216.
  • In the other space, Dr Reddys was down 1.57% at USD 29.41, Tata Motors was down 1.09% at USD 20.81 and Sterlite was up 0.5% at USD 8.09.

F&O cues:

  • Nifty options suggest market range of 5200-5400
  • Total Puts add 15.4 lakh shares in Open Interest
  • Total Calls shed 3.6 lakh shares in Open Interest
  • Highest OI buildup seen in 5000 Put & 5500 Call
  • 5000 Put sheds 1.75 lakh shares in Open Interest
  • 5500 Call adds 29K shares in Open Interest
  • 5300 Put adds 8.82 lakh shares in Open Interest
  • 5200 Put adds 5.25 lakh shares in Open Interest
  • 4900 Put adds 4 lakh shares in Open Interest
  • 5400 Call sheds 5.95 lakh shares in Open Interest
  • 5300 Call adds 22K shares in Open Interest
  • Total Nifty Futures added 10.4 lakh shares in OI
  • Stock Futures adds 1.7 cr shares in OI
  • Nifty PCR rose to 1.2 from 1.17
  • India VIX closed at 16.01 down by 0.37%
  • FIIs in F&O on August 13
  • FIIs net sell Rs 28 cr in Index Futures; Index Futures Open Int Contracts up by 22065
  • FIIs net sell Rs 410 cr in Index Options; Index Options Open Int Contracts up by 17193
  • FIIs net sell Rs 442 cr in Stock Futures; Stock Futures Open Int Contracts up by 5226