Mkts open with a gap up: Nifty above 5400

The markets opened in green with a gap up after ending higher on the Friday which was the first day of the new series. The cues from global peers were strong as most of the Asia was trading higher. Wall Street also ended in green with moderate gains on Friday; Dow was up 92 points. The broader markets also trading firm giving markets positive breadth. Sensex was up nearly 450 points and Nifty was up nearly 150 points.

Among the major gainers were Rel Communication, , Reliance, ABB, Siemens, BPCL, Infosys, Sterlite, ONGC, Idea Cellular, ICICI Bank, Tata Power, Tata Motors, Rel Energy, ITC.

Real Estate stocks like Parsvnath, Unitech along with bank stocks like Uco Bank opened strong.

The Indian Rupee was at Rs 39.33-39.35 per dollar versus Rs 39.35 Friday.

At 10:00 am, Sensex was at 18,697 up 455 points and Nifty was up 140 points at 5457.

Asian markets were trading higher. Hong Kong's Hang Seng rose 3.71%, Japan's Nikkei gained 2.48%, Singapore's Straits Times shot up 2.40% and South Korea's Seoul Composite was up 3.47%.

Market cues:

* Global markets stable; US mkts gained on Friday, Asia trading in green
* FIIs net sell USD 841.2 million in equity on Jan 31
* NSE F&O Open Int up by Rs 2,601 crore at Rs 63,244 crore

F&O cues:

* Futures Open Interest up by Rs 1,888 crore, Options Open Interest up by Rs 713 crore
* Nifty Futures shed 6 lakh shares in OI; at 4-pt premium Vs 54-pt discount
* Nifty Open Interest Put-Call ratio at 1 Vs 0.81
* Nifty Puts add 13 lakh shares in Open Interest
* Nifty Calls shed 1.7 lakh shares in Open Interest
* Nifty 6050 Call sheds 14.8 lakh shares in Open Interest
* Nifty 5000 Put adds 3.1 lakh shares in Open Interest
* Nifty 5200 Put adds 2.3 lakh shares in Open Interest
* Nifty 5200 Call adds 2.8 lakh shares in Open Interest
* Stock Futures add 1.5 cr shares in Open Interest