Pre Session- Gap down opening seen for Sensex on Asia weakness; TCS earnings, inflation data eyed
13/10/2016 08:30
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Indian equity benchmarks are likely to witness a bearish opening on Thursday, after a two-day trading holiday, as negative cues from most markets in Asia amid speculation of a near-term US Federal Reserve interest rate hike curbed risk taking appetite. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,678, down by 26 points or 0.30 per cent at 10:40 AM Singapore time, signal that the Sensex may open lower today. FOMC minutes released on Wednesday showed that several policymakers called for rate tightening “relatively soon” with improved economic data and fears over an acceleration in inflation also bolstering the case to raise borrowing costs. Traders will react to the August IIP data released in after-market hours on Monday. India’s factory output shrank for a second straight month, falling 0.7 per cent, year-on-year in August 2016 amid contractions in mining and manufacturing and a steep plunge in capital goods output, signalling underlying weakness in Asia’s third biggest economy. The focus today will be on the September consumer inflation data to be released in after-market hours, and which may offer further cues over policy easing by the RBI in the coming months. Analysts expect retail inflation to hit a one-year low of 4.8 per cent in September 2016 from August’s 5.05 per cent. All eyes will also be fixated on TCS as the country’s biggest software exporter reports its September quarter earnings. TCS may report a sequential drop of 0.9 per cent in its net profit to Rs 6260 crore in Q2 FY17. The 30-share Sensex snapped a three-day drop on Monday, ending up by 21.2 points or by 0.08 per cent to 28082.34 ahead of key macro data.
Most Asian stocks fell as a stronger greenback hit commodity producers while the Fed indicated that a rate hike was probably imminent. Shanghai Composite was trading tad higher even as China’s exports fell the most in seven months, down 10 per cent in September 2016 from a year ago. Hang Seng tanked over 1 per cent and Nikkei 225 fell despite a weaker yen. US stocks ended mostly higher on Wednesday as the Fed indicated that it may undertake interest rate tightening soon but maintain a gradual approach to further rate hikes.
Top traded Volumes on NSE Nifty – Tata Steel Ltd. 11642373.00, State Bank of India 9399844.00, Hindalco Industries Ltd. 8157913.00, ICICI Bank Ltd. 6010192.00 and ITC Ltd. 5046890.00.
On BSE, total number of shares traded was 24.50 Crore and total turnover stood at Rs. 2502.09 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 119994 with a total turnover of Rs. 8416.46 Crore. Along with this total number of contracts traded in stock futures were 382088 with a total turnover of Rs. 28600.07 Crore. Total numbers of contracts for index options were 2011641 with a total turnover of Rs. 145521.07 Crore. and total numbers of contracts for stock options were 229025 with a total turnover of Rs. 17049.13 Crore.
The FIIs on 10/10/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 3305.14 Crore and gross debt purchased stood at Rs. 718.51 Crore, while the gross equity sold stood at Rs. 3240.14 Crore and gross debt sold stood at Rs. 1736.60 Crore. Therefore, the net investment of equity and debt reported were Rs. 65.00 Crore and Rs. -1018.09 Crore.
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13/10/2016 08:30
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Most Asian stocks fell as a stronger greenback hit commodity producers while the Fed indicated that a rate hike was probably imminent. Shanghai Composite was trading tad higher even as China’s exports fell the most in seven months, down 10 per cent in September 2016 from a year ago. Hang Seng tanked over 1 per cent and Nikkei 225 fell despite a weaker yen. US stocks ended mostly higher on Wednesday as the Fed indicated that it may undertake interest rate tightening soon but maintain a gradual approach to further rate hikes.
Top traded Volumes on NSE Nifty – Tata Steel Ltd. 11642373.00, State Bank of India 9399844.00, Hindalco Industries Ltd. 8157913.00, ICICI Bank Ltd. 6010192.00 and ITC Ltd. 5046890.00.
On BSE, total number of shares traded was 24.50 Crore and total turnover stood at Rs. 2502.09 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 119994 with a total turnover of Rs. 8416.46 Crore. Along with this total number of contracts traded in stock futures were 382088 with a total turnover of Rs. 28600.07 Crore. Total numbers of contracts for index options were 2011641 with a total turnover of Rs. 145521.07 Crore. and total numbers of contracts for stock options were 229025 with a total turnover of Rs. 17049.13 Crore.
The FIIs on 10/10/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 3305.14 Crore and gross debt purchased stood at Rs. 718.51 Crore, while the gross equity sold stood at Rs. 3240.14 Crore and gross debt sold stood at Rs. 1736.60 Crore. Therefore, the net investment of equity and debt reported were Rs. 65.00 Crore and Rs. -1018.09 Crore.
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