Pre Session- Gap up opening on the cards for D-Street on Asia rebound
03/10/2016 08:33
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Indian equity benchmarks are likely to witness a positive opening on Monday tracking a bullish trend across markets in Asia as worries over the health of German lender Deutsche Bank ebbed after reports emerged that it was set to be nearing a less-costly settlement than earlier feared, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,662.5, up by 0.13 per cent or 11.5 points at 10:38 AM Singapore time, signal that the Sensex may open higher today. At the same time, worries over Brexit and fears over escalation in tensions between India and Pakistan after last night’s terror attack at a BSF camp in Baramulla, which claimed the life of one soldier, may curb gains at Dalal Street. Caution ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel may also weigh on the Sensex. Traders are hoping that the newly constituted Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation. Auto stocks will be in focus amid the September sales numbers. The focus will also be on September manufacturing PMI to be released today, and the services PMI later in the week, which will offer further cues over the health of Asia’s third biggest economy. Globally, the US jobs data for September will be eyed this week which may provide some insights over the next Fed rate hike. The 30-share Sensex last week tumbled 802.26 points or 2.80 per cent to end at 27,865.96 as Indo-Pak tension and worries over European banks weighed heavily.
On the Asia front, easing fears over European banks bolstered sentiment even as traders weighed UK Prime Minister Theresa May’s statement that she will start pulling out the country from the European Union in the first quarter of next year. Shanghai Composite was closed due to a holiday, Hang Seng jumped over 1 per cent and Nikkei 225 also rallied over 1 per cent as a weaker yen bolstered the lure for exporter stocks. Wall Street ended higher on Friday as financial shares jumped on reports that Germany’s Deutshe Bank is closing in on a USD 5.4 billion deal with the Justice Department, less than half an initial request, for settlement of a probe related to bad mortgages. Meanwhile, US consumer spending was little changed in August from July, while a gauge measuring consumer sentiment rose to 91.2 in September from 89.8 in August, marking the first gain in four months.
Top traded Volumes on NSE Nifty – State Bank of India 14826293.00, ICICI Bank Ltd. 13731746.00, Idea Cellular Ltd. 9836110.00, ITC Ltd. 9545123.00 and Hindalco Industries Ltd. 9167292.00.
On BSE, total number of shares traded was 30.98 Crore and total turnover stood at Rs. 3594.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 282006 with a total turnover of Rs. 19404.98 Crore. Along with this total number of contracts traded in stock futures were 581225 with a total turnover of Rs. 40925.20 Crore. Total numbers of contracts for index options were 2738029 with a total turnover of Rs. 188222.42 Crore and total numbers of contracts for stock options were 284699 with a total turnover of Rs. 20430.68 Crore.
The FIIs on 30/09/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11492.67 Crore and gross debt purchased stood at Rs. 2194.65 Crore, while the gross equity sold stood at Rs. 8081.64 Crore and gross debt sold stood at Rs. 789.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 3411.03 Crore and Rs. 1404.85 Crore.
03/10/2016 08:33
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Indian equity benchmarks are likely to witness a positive opening on Monday tracking a bullish trend across markets in Asia as worries over the health of German lender Deutsche Bank ebbed after reports emerged that it was set to be nearing a less-costly settlement than earlier feared, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,662.5, up by 0.13 per cent or 11.5 points at 10:38 AM Singapore time, signal that the Sensex may open higher today. At the same time, worries over Brexit and fears over escalation in tensions between India and Pakistan after last night’s terror attack at a BSF camp in Baramulla, which claimed the life of one soldier, may curb gains at Dalal Street. Caution ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel may also weigh on the Sensex. Traders are hoping that the newly constituted Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation. Auto stocks will be in focus amid the September sales numbers. The focus will also be on September manufacturing PMI to be released today, and the services PMI later in the week, which will offer further cues over the health of Asia’s third biggest economy. Globally, the US jobs data for September will be eyed this week which may provide some insights over the next Fed rate hike. The 30-share Sensex last week tumbled 802.26 points or 2.80 per cent to end at 27,865.96 as Indo-Pak tension and worries over European banks weighed heavily.
On the Asia front, easing fears over European banks bolstered sentiment even as traders weighed UK Prime Minister Theresa May’s statement that she will start pulling out the country from the European Union in the first quarter of next year. Shanghai Composite was closed due to a holiday, Hang Seng jumped over 1 per cent and Nikkei 225 also rallied over 1 per cent as a weaker yen bolstered the lure for exporter stocks. Wall Street ended higher on Friday as financial shares jumped on reports that Germany’s Deutshe Bank is closing in on a USD 5.4 billion deal with the Justice Department, less than half an initial request, for settlement of a probe related to bad mortgages. Meanwhile, US consumer spending was little changed in August from July, while a gauge measuring consumer sentiment rose to 91.2 in September from 89.8 in August, marking the first gain in four months.
Top traded Volumes on NSE Nifty – State Bank of India 14826293.00, ICICI Bank Ltd. 13731746.00, Idea Cellular Ltd. 9836110.00, ITC Ltd. 9545123.00 and Hindalco Industries Ltd. 9167292.00.
On BSE, total number of shares traded was 30.98 Crore and total turnover stood at Rs. 3594.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 282006 with a total turnover of Rs. 19404.98 Crore. Along with this total number of contracts traded in stock futures were 581225 with a total turnover of Rs. 40925.20 Crore. Total numbers of contracts for index options were 2738029 with a total turnover of Rs. 188222.42 Crore and total numbers of contracts for stock options were 284699 with a total turnover of Rs. 20430.68 Crore.
The FIIs on 30/09/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11492.67 Crore and gross debt purchased stood at Rs. 2194.65 Crore, while the gross equity sold stood at Rs. 8081.64 Crore and gross debt sold stood at Rs. 789.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 3411.03 Crore and Rs. 1404.85 Crore.
