Mkts open strong, Sensex up 90 pts

New Delhi: The markets expectedly jumped in the opening trade on account of strong cues from the global markets. Cement, oil and gas and telecom stocks looked firm.

At 9:56 am, Sensex was up 90 points at 14521 and Nifty was up 18 points at 4252. Major gainers in the opening trade were SBI, ONGC, ACC, Ambuja Cement, Grasim and Bharti Airtel. However, Bajaj Auto and Hindalco were trading down.

Meghmani Organics got listed on the bourses at Rs 33.25 on versus issue price of Rs 19. Crude is trading at USD 69.04 per barrel. Rupee is quoting at Rs 40.92 against dollar.

Asian Markets

Asian markets were trading strong. Hong Kong's Hang Seng surged 1.18 per cent or 256.95 points at 21,962.51, Japan's Nikkei gained 0.52 per cent or 93.15 points at 17,942.43, Taiwan's Taiwan Weighted was up 0.26per cent or 23.01 points at 8,867.23, Singapore's Straits Times advanced 0.64 per cent or 22.49 points at 3,527.99 and South Korea's Seoul Composite rose 0.62 per cent or 10.82 points at 1,743.92.

US Markets

The Dow rose 90.07 points, or 0.68 per cent, to 13,427.73, after dropping 77 points earlier in the day. The blue-chip index had lost a total of 208 points in the previous three sessions.

Broader indexes also rose. The Standard & Poor’s 500 index gained 13.45 points, or 0.90 per cent, to 1,506.34, and the Nasadaq composite index jumped 31.19 points, or 1.21 per cent, to 2,605.35.

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Market cues

• FIIs net sell USD 73.5 mn in equity on June 26.
• MFs figures for June 26 not reported.
• NSE F&O Open Interest up by Rs 918 crore (Rs 9.18 billion) at Rs 80,639 crore (Rs 806.39 billion).

F&O cues

• Futures Open Interest up by Rs 295 crore (Rs 2.95 billion); Options Open Interest up by Rs 623 crore (Rs 6.23 billion).
• Marketwide rollover at 60.4 per cent; Nifty rollover at 56.6 per cent.
• Nifty Futures add 1.5 lakh shares in total Open Interest.
• Nifty Open Interest Put-Call ratio down to 1.43 from 1.45.
• Nifty Calls add 7.4 lakh shares in Open Interest.
• Nifty Puts add 7.1 lakh shares in Open Interest.
• Nifty 4300 Calls add 3.1 lakh shares in Open Interest.
• Nifty July 4150 Puts add 2.2 lakh shares in Open Interest.
• Nifty July 4000 Puts add 1.6 lakh shares in Open Interest>
• Nifty July 4100 Puts add 1.5 lakh shares in Open Interest.

(With moneycontrol.com inputs)