Pre Session- Positive opening on the cards at Dalal Street
10/10/2016 08:25
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Indian equity benchmarks are likely to witness a gap up opening on Monday as investor optimism over the Q2 quarterly earnings season and improved outlook for Asia’s third biggest economy bolster risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,746.50, up by 32.5 points or 0.37 per cent at 10:32 AM Singapore time, signal that the Sensex may open higher today. In a truncated trading week with markets closed on Tuesday and Wednesday, the focus will be on September quarter earnings from IT giants TCS and Infosys on October 13 and October 14, respectively. The IIP data for August and consumer inflation numbers for September to be released on Monday, will offer further cues over monetary easing by the Reserve Bank of India in the near-term. In July, India’s industrial output contracted 2.4 per cent, on the year, while retail inflation eased to a five-month low of 5.05 per cent, triggering a 25 bps interest rate cut earlier this month. The recent cut in borrowing costs, ninth straight manufacturing expansion in September and an upgrade of the country’s economic growth forecast to 7.6 per cent from 7.4 per cent in FY 2016-17 by IMF has signaled upbeat economic prospects for the country. Caution amid fears over a Fed rate hike in December amid steady jobs data, steep fall in the pound and volatility in crude oil prices may keep a lid on gains at D-Street this week. The 30-share Sensex last week rallied 195.18 points or 0.70 per cent to end at 28,061.14 points as traders cheered the RBI rate cut.
Asian stocks were trading mixed as traders eyed the second US Presidential debate even as Republican nominee Donald Trump’s chances of getting elected to the office took a severe blow after the surfacing of a 2005 video in which he made degrading comments about women. Strong US jobs data for September suggested that the Fed may lift interest rates in December as the world’s biggest economy added 156,000 workers, following an upwardly revised 167,000 addition in August. China’s Shanghai Composite rose as energy producers led the gains as the country’s markets re-opened after a week-long holiday. Hang Seng and Nikkei 225 were closed today. US stocks fell on Friday as the jobs data raised speculation that the Fed may go-ahead with a rate hike in December.
Top traded Volumes on NSE Nifty – Aurobindo Pharma Ltd. 19421500.00, State Bank of India 11934100.00, Tata Steel Ltd. 11610384.00, ICICI Bank Ltd. 9551571.00, and Tata Motors Ltd. 9122002.00.
On BSE, total number of shares traded was 28.10 Crore and total turnover stood at Rs. 3207.39 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 183844 with a total turnover of Rs. 12752.50 Crore. Along with this total number of contracts traded in stock futures were 514826 with a total turnover of Rs. 37984.25 Crore. Total numbers of contracts for index options were 2368689 with a total turnover of Rs. 166916.30 Crore. and total numbers of contracts for stock options were 291799 with a total turnover of Rs. 21600.94 Crore.
The FIIs on 07/10/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 3628.52 Crore and gross debt purchased stood at Rs. 427.15 Crore, while the gross equity sold stood at Rs. 3267.97 Crore and gross debt sold stood at Rs. 1375.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 360.55 Crore and Rs. -948.10 Crore.
10/10/2016 08:25
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Asian stocks were trading mixed as traders eyed the second US Presidential debate even as Republican nominee Donald Trump’s chances of getting elected to the office took a severe blow after the surfacing of a 2005 video in which he made degrading comments about women. Strong US jobs data for September suggested that the Fed may lift interest rates in December as the world’s biggest economy added 156,000 workers, following an upwardly revised 167,000 addition in August. China’s Shanghai Composite rose as energy producers led the gains as the country’s markets re-opened after a week-long holiday. Hang Seng and Nikkei 225 were closed today. US stocks fell on Friday as the jobs data raised speculation that the Fed may go-ahead with a rate hike in December.
Top traded Volumes on NSE Nifty – Aurobindo Pharma Ltd. 19421500.00, State Bank of India 11934100.00, Tata Steel Ltd. 11610384.00, ICICI Bank Ltd. 9551571.00, and Tata Motors Ltd. 9122002.00.
On BSE, total number of shares traded was 28.10 Crore and total turnover stood at Rs. 3207.39 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 183844 with a total turnover of Rs. 12752.50 Crore. Along with this total number of contracts traded in stock futures were 514826 with a total turnover of Rs. 37984.25 Crore. Total numbers of contracts for index options were 2368689 with a total turnover of Rs. 166916.30 Crore. and total numbers of contracts for stock options were 291799 with a total turnover of Rs. 21600.94 Crore.
The FIIs on 07/10/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 3628.52 Crore and gross debt purchased stood at Rs. 427.15 Crore, while the gross equity sold stood at Rs. 3267.97 Crore and gross debt sold stood at Rs. 1375.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 360.55 Crore and Rs. -948.10 Crore.
