Pre Session- Positive opening on the cards for D-Street as inflation cools
14/10/2016 08:25
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Indian equity benchmarks are likely to witness a bullish opening on Friday as easing inflation bolsters the case for further interest rate cuts from the Reserve Bank of India, boosting risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,600, up by 24 points or 0.28 per cent at 10:22 AM Singapore time, signal that the Sensex may have a gap up opening today. Retail inflation fell sharply for the second month on the trot, coming in at 4.31 per cent in September 2016, a 13-month low, from 5.05 per cent in August 2016 as food inflation declined sharply. With the RBI’s 5 per cent consumer inflation target for March 2017 looking likely to be met, another rate cut in the near-term could be in the offing. Shares of TCS may witness some upward momentum as the country’s largest IT software exporter on Thursday in after-market hours posted better-than-expected Q2 earnings. The company reported a 4.5 per cent sequential rise in net profit at Rs 6,603 crore in the September 2016 quarter. All eyes will be on Infosys which will unveil its Q2 report card. Analysts expect Infosys to post a 1.8 per cent sequential growth in net profit at RS 3,500 crore in Q2 FY 2016-17. Bajaj Corp, CRISIL and DCB Bank will also report their September quarter earnings. Unnerved by fears over an imminent Fed rate hike and weakness in Chinese exports, the 30-share Sensex closed at a three-month low on Thursday, plunging 439.23 points or by 1.56 per cent to end at 27,643.11.
Most Asian stocks advanced after positive China inflation data signaled some strength in the world’s second biggest economy. China’s factory gate prices rose for the first time since 2012, up 0.1 per cent in September 2016 from a year earlier while consumer price inflation at 1.9 per cent beat estimates, accelerating from August’s 1.3 per cent. However, Shanghai Composite was down despite the positive inflation data, Hang Seng rose and Nikkei 225 logged slim gains with oil explorers and insurers showing strength. US stocks fell on Thursday amid worries that sagging global growth may weigh on the US economy when the Fed is all set to begin tightening monetary policy.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 18851638.00, State Bank of India 18050638.00, Bank of Baroda 12034390.00, Idea Cellular Ltd. 11479724.00 and Tata Steel Ltd. 11106052.00.
On BSE, total number of shares traded was 33.30 Crore and total turnover stood at Rs. 3945.28 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 316129 with a total turnover of Rs. 21694.01 Crore. Along with this total number of contracts traded in stock futures were 598735 with a total turnover of Rs. 42899.56 Crore. Total numbers of contracts for index options were 6715673 with a total turnover of Rs. 483218.99 Crore. and total numbers of contracts for stock options were 453560 with a total turnover of Rs. 32084.63 Crore.
The FIIs on 13/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 1786.40 Crore and gross debt purchased stood at Rs. 1164.31 Crore, while the gross equity sold stood at Rs. 2270.50 Crore and gross debt sold stood at Rs. 521.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -484.10 Crore and Rs. 642.78 Crore.
14/10/2016 08:25
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Indian equity benchmarks are likely to witness a bullish opening on Friday as easing inflation bolsters the case for further interest rate cuts from the Reserve Bank of India, boosting risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,600, up by 24 points or 0.28 per cent at 10:22 AM Singapore time, signal that the Sensex may have a gap up opening today. Retail inflation fell sharply for the second month on the trot, coming in at 4.31 per cent in September 2016, a 13-month low, from 5.05 per cent in August 2016 as food inflation declined sharply. With the RBI’s 5 per cent consumer inflation target for March 2017 looking likely to be met, another rate cut in the near-term could be in the offing. Shares of TCS may witness some upward momentum as the country’s largest IT software exporter on Thursday in after-market hours posted better-than-expected Q2 earnings. The company reported a 4.5 per cent sequential rise in net profit at Rs 6,603 crore in the September 2016 quarter. All eyes will be on Infosys which will unveil its Q2 report card. Analysts expect Infosys to post a 1.8 per cent sequential growth in net profit at RS 3,500 crore in Q2 FY 2016-17. Bajaj Corp, CRISIL and DCB Bank will also report their September quarter earnings. Unnerved by fears over an imminent Fed rate hike and weakness in Chinese exports, the 30-share Sensex closed at a three-month low on Thursday, plunging 439.23 points or by 1.56 per cent to end at 27,643.11.
Most Asian stocks advanced after positive China inflation data signaled some strength in the world’s second biggest economy. China’s factory gate prices rose for the first time since 2012, up 0.1 per cent in September 2016 from a year earlier while consumer price inflation at 1.9 per cent beat estimates, accelerating from August’s 1.3 per cent. However, Shanghai Composite was down despite the positive inflation data, Hang Seng rose and Nikkei 225 logged slim gains with oil explorers and insurers showing strength. US stocks fell on Thursday amid worries that sagging global growth may weigh on the US economy when the Fed is all set to begin tightening monetary policy.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 18851638.00, State Bank of India 18050638.00, Bank of Baroda 12034390.00, Idea Cellular Ltd. 11479724.00 and Tata Steel Ltd. 11106052.00.
On BSE, total number of shares traded was 33.30 Crore and total turnover stood at Rs. 3945.28 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 316129 with a total turnover of Rs. 21694.01 Crore. Along with this total number of contracts traded in stock futures were 598735 with a total turnover of Rs. 42899.56 Crore. Total numbers of contracts for index options were 6715673 with a total turnover of Rs. 483218.99 Crore. and total numbers of contracts for stock options were 453560 with a total turnover of Rs. 32084.63 Crore.
The FIIs on 13/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 1786.40 Crore and gross debt purchased stood at Rs. 1164.31 Crore, while the gross equity sold stood at Rs. 2270.50 Crore and gross debt sold stood at Rs. 521.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -484.10 Crore and Rs. 642.78 Crore.
