Pre-Session-Sensex may open lower on Asia sell-off; F&O expiry eyed
27/10/2016 08:34
Indian equity benchmarks are likely to witness a bearish opening on Thursday, the day of the October derivative expiry, tracking negative cues from markets across Asia as a renewed slump in oil prices and disappointing earnings outlook from the likes of Apple Inc. signaled weakness in the global economy, curbing risk taking appetite. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,584, down by 31 points or 0.36 per cent at 10:44AM Singapore time, signal that the Sensex may have a gap down opening today. Shares of Emami, Glenmark Pharma, IOC, ONGC, JSW Steel, Maruti Suzuki and Vijaya Bank will be in focus today as the companies unveil their September quarter earnings. Two-wheeler giant Hero MotoCorp may witness buying momentum after it on Wednesday in after-market hours reported that its net profit for Q2 FY 2016-17 rose by 27.7 per cent year-on-year to a record Rs 1,004.2 crore on highest ever sales volume. Volatility may remain high at the domestic bourses as traders roll over their positions amid the October Futures & Options (F&O) contract expiry. On the economic front, India has moved up one place in the latest World Bank’s Doing Business Rankings to 130 but gaps between policy reforms and their implementation remain. Caution ahead of the October F&O expiry and selling pressure in Axis Bank which tanked over 8 per cent amid a quarterly profit slump, pushed down the 30-share Sensex by 254.91 points or by 0.91 per cent to 27,836.51 on Wednesday.
Asian stocks fell as investors weighed a mixed bag of earnings and falling oil prices. Traders are cautious amid growing speculation of a Fed interest rate hike in the near-term and the US Presidential elections next month. Shanghai Composite fell, Hang Seng tumbled over 1 per cent and Nikkei 225 was trading in the red. Wall Street ended mostly in the red on Wednesday amid tepid outlooks from Apple and Bayer AG. However, acceleration in US private sector growth in October and rise in new home sales in September to almost an eight-year high, signaled a pickup in the world’s biggest economy, supporting sentiment. A combined gauge measuring US manufacturing and services rose to 54.9 in October, up from 52.3 in September, with a reading above 50 signaling expansion. Sales of US new homes rose by 3.1 per cent to a 593,000-annualized rate in September.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 38780250.00, ICICI Bank Ltd. 27288854.00, ITC Ltd. 23931286.00, Idea Cellular Ltd. 18478633.00 and State Bank of India 15020687.00.
On BSE, total number of shares traded was 33.87 Crore and total turnover stood at Rs. 3597.50 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 380733 with a total turnover of Rs. 26211.40 Crore. Along with this total number of contracts traded in stock futures were 1459192 with a total turnover of Rs. 102055.15 Crore. Total numbers of contracts for index options were 6393555 with a total turnover of Rs. 445426.15 Crore and total numbers of contracts for stock options were 609215 with a total turnover of Rs. 44315.27 Crore.
The FIIs on 26/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3555.39 Crore and gross debt purchased stood at Rs. 2258.28 Crore, while the gross equity sold stood at Rs. 4060.40 Crore and gross debt sold stood at Rs. 1710.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -505.01 Crore and Rs. 547.73 Crore.
27/10/2016 08:34
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Asian stocks fell as investors weighed a mixed bag of earnings and falling oil prices. Traders are cautious amid growing speculation of a Fed interest rate hike in the near-term and the US Presidential elections next month. Shanghai Composite fell, Hang Seng tumbled over 1 per cent and Nikkei 225 was trading in the red. Wall Street ended mostly in the red on Wednesday amid tepid outlooks from Apple and Bayer AG. However, acceleration in US private sector growth in October and rise in new home sales in September to almost an eight-year high, signaled a pickup in the world’s biggest economy, supporting sentiment. A combined gauge measuring US manufacturing and services rose to 54.9 in October, up from 52.3 in September, with a reading above 50 signaling expansion. Sales of US new homes rose by 3.1 per cent to a 593,000-annualized rate in September.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 38780250.00, ICICI Bank Ltd. 27288854.00, ITC Ltd. 23931286.00, Idea Cellular Ltd. 18478633.00 and State Bank of India 15020687.00.
On BSE, total number of shares traded was 33.87 Crore and total turnover stood at Rs. 3597.50 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 380733 with a total turnover of Rs. 26211.40 Crore. Along with this total number of contracts traded in stock futures were 1459192 with a total turnover of Rs. 102055.15 Crore. Total numbers of contracts for index options were 6393555 with a total turnover of Rs. 445426.15 Crore and total numbers of contracts for stock options were 609215 with a total turnover of Rs. 44315.27 Crore.
The FIIs on 26/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3555.39 Crore and gross debt purchased stood at Rs. 2258.28 Crore, while the gross equity sold stood at Rs. 4060.40 Crore and gross debt sold stood at Rs. 1710.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -505.01 Crore and Rs. 547.73 Crore.
