19 May 2010 Morning Market Updates

19 May 2010 Morning Market Updates  08:50

Today market will open gap down as weak global scenario.Nifty has a support at 4950-4970 levels.

F&O cues:

Futures Open Int up Rs 408 crore, Options Open Int up Rs 1244 crore
Nifty futures shed 2 lakh shares in total Open Int
Nifty May futures at 3-point discount
Nifty Open Int PCR at 1.08 versus 1.10
Nifty Puts add 2.8 lakh shares, Nifty Calls add 14 lakh shares in Open Int
Nifty 5000 Put adds 6 lakh shares in Open Int
Nifty 5000 Call adds 2.7 lakh shares in Open Int
Stock futures add 1.2 cr shares in Open Int
FIIs in F&O on May 18
Net buy Rs 457 cr in Nifty futures, Open Int down 46,268 contracts
Net sell Rs 381 cr in Stock futures, Open Int up 10,259 contracts
Net sell Rs 89 cr in Nifty options, Open Int up 9,980 contracts

US Markets :
The drop in U.S. stocks came as the euro fell to a four-year low on continued concerns over whether the bailout plan announced last week will be enough to contain sovereign-debt woes in the euro zone. Helping exacerbate the concerns, Germany's finance ministry said the country would ban naked short-selling of shares in 10 leading German financial institutions and in euro government bonds.Dow Jones closed at 10511 by loosing 115 points and Nasdaq lost 37 points to close at 2317.