Markets open flat: Bharti, HDFC, Satyam gains

New Delhi: The markets opened with moderate gains very much in line with its Asian peers. Pharma and IT stocks were firm on Tuesday.

Ankit Metal & Power got listed on Monday on the bourses at Rs 36.65 versus its issue price of Rs 36.

At 9:56 am (IST), Sensex was up 54 points at 15100 and Nifty was up 11 points at 4430. Major gainers in the opening trade were Bharti, Infosys, Tata Motors, Infosys, Maruti, HDFC and Cipla.

Asian markets

Asian indices were mixed today, with Japan's Nikkei 225 lower on banking stocks such as Mitsubishi UFJ Financial Group, while South Korea's Kospi and Singapore's Straits Times Index touched intraday record highs.

Japan's Nikkei slipped 0.22 per cent or 40.62 points at 18,221.36, Taiwan's Taiwan Weighted was down 0.10 per cent or 9.16 points at 9,360.68.

However, Hong Kong's Hang Seng gained 0.26 per cent or 58.74 points at 22,876.17, Singapore's Straits Times was up 0.30 per cent or 10.88 points at 3,637.60 and South Korea's Seoul Composite rose 0.13 per cent or 2.4 points at 1,885.99.

US markets

The Dow Jones industrials rose 38.29 points, or 0.28 per cent, to 13,649.97. The blue chip index came within about seven points of its record close of 13,676.32 before falling back.

Broader market indexes were also higher. The Standard & Poor's 500 index rose 1.41 points, or 0.09 per cent, to 1,531.85, and the Nasdaq composite index added 3.51 points, or 0.13 per cent, to 2,670.02.

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Market cues

• FIIs net buy USD 79.10 mn in equity on July 6.
• MFs net sell Rs 25.8 crore (Rs 258 million) on July 6.
• NSE F&O Open Interest up by Rs 2,336 crore (Rs 23.36 billion) at Rs 71,676 crore (Rs 716.76 billion).

F&O cues

• Futures Open Interest up by Rs 1,435 crore (Rs 14.35 billion); Options Open Interest up by Rs 901 crore (Rs 9.01 billion).
• Nifty Futures add 8.5 lakh shares in Open Interest.
• Nifty Futures discount at 14-points.
• Nifty Open Interest Put-Call ratio up to 1.54 from 1.52.
• Nifty Calls add 4.8 lakh shares in Open Interest.
• Nifty Puts add 10.2 lakh shares in Open Interest.
• Nifty 4350 Put adds 8.6 lakh shares in Open Interest.
• Nifty 4400 Put adds 4.7 lakh shares in Open Interest.
• Nifty 4300 Put adds 2.5 lakh shares in Open Interest.
• Nifty 4400 Call adds 2.2 lakh shares in Open Interest.
• Nifty 4200 Put sheds 7.9 lakh shares in Open Interest.

(With moneycontrol.com inputs)