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Market opens flat; Siemens, Rel Energy up

Apr 29, 2008 10:45 AM IST Business Business
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Mumbai: The markets have opened flat ahead of RBI credit policy announcement. Reliance Energy, Idea Cellular, Tata Steel, Power Grid, Nalco witnessing buying interest. Siemens was up 5 per cent on the back of good results and approved bonus. At 0956 hrs, IST, the Sensex was up 60 points at 17075, and the Nifty up 15 points at 5104. US markets finished flat as concerns about the Federal Reserve's rate decision kept a lid on activity. Wrigley shares soared 23% on news that Buffett is teaming up with Candy Maker Mars to buy the gum maker for 22 billion dollars. The Interest-rate decision and Friday's Nonfarm Payroll Data are likely to dominate the market sentiment as the week progresses. The Dow Jones industrial average slipped 20.11 points, or 0.16%, to 12,871.75. The Standard & Poor's 500 index fell 1.47 points, or 0.11%, to 1,396.37, and the Nasdaq composite index gained 1.47 points, or 0.06%, to 2,424.40. Asian markets trading mixed. Hong Kong's Hang Seng gained 0.28% 75.05 points at 25,738.34. However, Taiwan's Taiwan Weighted declined 0.25% or 18.05 points at 9,057.34. Singapore's Straits Times 0.77% or 24.64 points at 3,176.99. South Korea's Seoul Composite fell 0.45% or 8.14 points at 1,815.03. Market cues: · RBI to present monetary policy today · CNBC-TV18 poll says repo rate hike likely · FIIs net buy $86.5 m in equity on Apr 25 · MFs net sell Rs 73.4 cr in equity on Apr 25 · NSE F&O Open Interest up by Rs 1,625 crore at Rs 55,798 crore F&O cues: · Nifty Futures turnover at Rs 7,552 cr vs avg of Rs 14,720 cr · Stock Futures turnover at Rs 14,644 cr Vs avg of Rs 16,620 cr · Futures Open Int up by Rs 542 crore, Options Open Int up by Rs 1,083 crore · Nifty Futures add 7 lakh shares in OI, at 17-pt premium · Nifty Open Interest PCR at 1.37 Vs 1.40 · Nifty Puts, Calls add 7 lakh shares each in Open Interest · Nifty 4800 Put adds 2.4 lakh shares in Open Interest · Nifty 5000 Put adds 1.6 lakh shares in Open Interest · Nifty 5100 Call adds 2.5 lakh shares in Open Interest · Nifty 5200 Call adds 1.2 lakh shares in Open Interest · Stock Futures add 74 lakh shares in Open Interest