Markets open flat on Asian cues

Mumbai: The markets have opened flat on Tuesday morning on the back of mixed cues from Asian markets and flattish closing of US markets on Monday.

At 0956 hrs IST, Sensex was up 6 points at 14502 and Nifty was up 2 points at 4268.

Major gainers in the opening trade were Reliance Industries, Rel Comm, Cipla, Tata Steel, Hindalco, BHEL, HLL and ONGC. However, SBI, Hero Honda, Grasim, Infosys, HLL, Tata Steel were trading down.

Asian Markets

Asian stocks were mixed on Tuesday, with Japanese markets trading slightly higher. Japan's Nikkei surged 0.21% or 36.98 points at 18,010.40. Taiwan's Taiwan Weighted was up 0.07% or 5.57 points at 8300.36. However, Hong Kong's Hang Seng slipped 0.28% or 58.58 points at 20,671.01, Singapore's Straits Times fell 0.21% or 7.43 points at 3571.92 and South Korea's Seoul Composite were down 0.55% or 9.57 points at 1728.02.

Market cues

* FIIs net buy USD 114.5 mn in equity on June 1

* MFs net buy RS 101 crore (Rs 1.01 billion) in equity on June 1

* NSE F&O Open Interest up by Rs 2,117 crore (Rs 21.17 billion) at Rs 53,925 crore (Rs 539.25 billion)

F&O cues

* Futures Open Interes up by Rs 846 crore (Rs 8.46 billion); Options Open Interest up by Rs 1,271 crore (Rs 12.71 billion)

* Nifty Futures add 8.2 lakh shares in Open Interest

* Nifty Futures at 20 point discount

* Nifty Open Interes Put-Call ratio down to 1.60 from 1.63

* Nifty Calls add 9.2 lakh shares in Open Interest

* Nifty Puts add 12.7 lakh shares in Open Interest

* Nifty 4300 Call adds 3.2 lakh shares in Open Interest

* Nifty 4300 Put adds 1.2 lakh shares in Open Interest

* Nifty Implied Volatility rises to around 25-26% levels

(With inputs from moneycontrol.com)