Pre Session: Muted opening on the cards for D-Street; RBI policy eyed
04/10/2016 08:30
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Indian equity benchmarks are likely to witness a subdued opening on Tuesday ahead of the Reserve Bank of India's policy review later in the day, tracking a muted trend across markets in Asia amid worries over the health of German lender Deutsche Bank and renewed concerns about the UK's exit from the European Union. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,783.50, down by 4.5 points at 10:38 AM Singapore time, signal that the Sensex may open lower today. At the same time, 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.
On Monday, the Indian stocks ended higher, helped by value buying in frontline stocks, in anticipation of a rate cut by the Reserve Bank of India (RBI) tomorrow. Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment. The 30-share BSE SENSEX closed at 28243.29, up by 377.33 points or by 1.35 per cent, and the NSE Nifty ended at 8738.1, up by 126.95 points or by 1.47 per cent.
On the global front, most of Asian stocks were trading mixed as rebound in oil prices and growth in US manufacturing bolstered sentiment. Shanghai Composite was closed due to a holiday, Japan’s Nikkei 225 rallied over 0.8 per cent as a weaker yen bolstered the lure for exporter stocks, while Hang Seng fell 0.15 per cent. Wall Street ended lower in overnight trade on Monday amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data. 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.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16420289.00, State Bank of India 9314647.00, Hindalco Industries Ltd. 9299252.00, ITC Ltd. 6465942.00, Idea Cellular Ltd. 6320690.00.
On NSE, total number of shares traded was 101.22 Crore and total turnover stood at Rs. 20433.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 245710 with a total turnover of Rs. 17076.04 Crore. Along with this total number of contracts traded in stock futures were 573646 with a total turnover of Rs. 41855.32 Crore. Total numbers of contracts for index options were 2691415 with a total turnover of Rs. 188980.30 Crore and total numbers of contracts for stock options were 281053 with a total turnover of Rs. 20630.55 Crore.
The FIIs on 03/10/2016 stood as net buyer in debt but turned net seller in equity segment. Gross equity purchased stood at Rs. 5293.71 Crore and gross debt purchased stood at Rs. 1146.17 Crore, while the gross equity sold stood at Rs. 5477.54 Crore and gross debt sold stood at Rs. 1099.74 Crore. Therefore, the net investment of equity and debt reported were Rs. -183.83 Crore and Rs. 46.43.
04/10/2016 08:30
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Indian equity benchmarks are likely to witness a subdued opening on Tuesday ahead of the Reserve Bank of India's policy review later in the day, tracking a muted trend across markets in Asia amid worries over the health of German lender Deutsche Bank and renewed concerns about the UK's exit from the European Union. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,783.50, down by 4.5 points at 10:38 AM Singapore time, signal that the Sensex may open lower today. At the same time, 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.
On Monday, the Indian stocks ended higher, helped by value buying in frontline stocks, in anticipation of a rate cut by the Reserve Bank of India (RBI) tomorrow. Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment. The 30-share BSE SENSEX closed at 28243.29, up by 377.33 points or by 1.35 per cent, and the NSE Nifty ended at 8738.1, up by 126.95 points or by 1.47 per cent.
On the global front, most of Asian stocks were trading mixed as rebound in oil prices and growth in US manufacturing bolstered sentiment. Shanghai Composite was closed due to a holiday, Japan’s Nikkei 225 rallied over 0.8 per cent as a weaker yen bolstered the lure for exporter stocks, while Hang Seng fell 0.15 per cent. Wall Street ended lower in overnight trade on Monday amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data. 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.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16420289.00, State Bank of India 9314647.00, Hindalco Industries Ltd. 9299252.00, ITC Ltd. 6465942.00, Idea Cellular Ltd. 6320690.00.
On NSE, total number of shares traded was 101.22 Crore and total turnover stood at Rs. 20433.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 245710 with a total turnover of Rs. 17076.04 Crore. Along with this total number of contracts traded in stock futures were 573646 with a total turnover of Rs. 41855.32 Crore. Total numbers of contracts for index options were 2691415 with a total turnover of Rs. 188980.30 Crore and total numbers of contracts for stock options were 281053 with a total turnover of Rs. 20630.55 Crore.
The FIIs on 03/10/2016 stood as net buyer in debt but turned net seller in equity segment. Gross equity purchased stood at Rs. 5293.71 Crore and gross debt purchased stood at Rs. 1146.17 Crore, while the gross equity sold stood at Rs. 5477.54 Crore and gross debt sold stood at Rs. 1099.74 Crore. Therefore, the net investment of equity and debt reported were Rs. -183.83 Crore and Rs. 46.43.
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