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Markets open higher on good Infosys results
Published on Fri, Jul 11, 2008 at 10:18, Updated on Fri, Jul 11, 2008 at 11:06 in 
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ON A HIGH: Buying is seen in capital goods, cement, realty and select technology stocks.
Mumbai: Markets have opened higher on the back of good IT bellwether Infosys Technologies' first quarter numbers and positive US markets' cues but it could not maintain that gain for long. It immediately turned flat. Buying has been seen in capital goods, cement, realty and select technology stocks.
At 0956 hrs IST, the Sensex was up 22 points at 13,947 and Nifty up 17 points at 4,178. Nifty July Futures was trading at 20 points discount.
Amongst frontliners, Cairn India, DLF, TCS, Wipro, Grasim, BHEL, ITC, ACC and Ambuja Cements have gained.
Crude has rebounded by more than $ five to settle at more than $141 a barrel.
US markets managed to end in the green after a wild session. The Dow gained 81.58 points, or 0.73 per cent, at 11,229.02. The Standard & Poor's 500 index rose 8.70 points, or 0.70 per cent, to 1,253.39, while the Nasdaq composite index added 22.96 points, or 1.03 per cent, to 2,257.85.
Market cues:
- FIIs net sell $ 71.3 mn in equity on July 9: SEBI
- MFs net buy Rs 204.7 cr on July 9: SEBI
- NSE F&O Open Int up by Rs 379 cr at Rs 71, 545 crore
- Nifty up 0.12 per cent; OI down by four per cent
- Futures Open Int down by Rs 358 crore; Option Open Int up by Rs 737 crore
- Nifty Futures at 16 points discount Vs 20 points discount a day ago
- Nifty Futures OI down by 16 lakh shares in Open Interest
- Stock Futures add 46 lakh shares in Open Interest
- Nifty Open Int Put-Call ratio at 1.27 Vs 1.26
- Nifty Puts add 7.9 lakh, Nifty Calls add 4.4 lakh shares in Open Interest
- Nifty 4100 Puts add 3 lakh shares in Open Interest
- Nifty 4000 Puts add 2.9 lakh shares in Open Interest
- Nifty 4300 Calls add 1.8 lakh shares in Open Interest
- Nifty 4200 Calls add 1.6 lakh shares in Open Interest
F&O cues:
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