Pre Session: Sensex seen opening flat on muted global cues 07/10/2016 08:29

Pre Session: Sensex seen opening flat on muted global cues
07/10/2016 08:29

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Indian equity benchmarks are likely to witness a flat opening on Friday tracking a bearish trend across markets in Asia and a flat finish at Wall Street overnight as traders remained wary ahead of US September jobs report. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,737.50, down by 3 points at 10:20 AM Singapore time, signal that the Sensex may open flat today. An improved outlook for Asia’s third biggest economy amid the 25 basis points interest rate cut by the Reserve Bank of India (RBI) this week which may help revive investment and boost consumption, may support sentiment at Dalal Street.

On Thursday, the Indian equities ended lower for the second day as selling intensified in final hour of day's trade across realty, power, banking, IT, pharma, auto and capital goods stocks. Further, weak opening of European markets amid concerns that ECB may withdraw stimulus also weighed on market sentiments. The 30-share BSE SENSEX closed at 28106.21, down by 114.77 points or by 0.41 per cent, and the NSE Nifty ended at 8709.55, down by 34.4 points or by 0.39 per cent.

on the global front, Asian stocks retreated on Friday as weakness in the pound rattled traders, while investors remained sidelined ahead of the key US September jobs report due later today. Shanghai Composite remained closed due to a holiday, Hang Seng fell 0.35 per cent, and Japan’s Nikkei 225 was down 0.2 per cent as a stronger yen dampened the lure for exporter stocks. In the overnight trade, Wall Street settled with modest gain ahead of Friday’s job data amid speculation that the US Federal Reserve may cut interest rates this year as data suggested that the US economy was regaining momentum.

Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 13604084.00, ICICI Bank Ltd. 12594971.00, State Bank of India 11081154.00, Axis Bank Ltd. 10646794.00, Bharat Heavy Electricals Ltd. 9079770.00.

On NSE, total number of shares traded was 120.35 Crore and total turnover stood at Rs. 22278.94 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 230561 with a total turnover of Rs. 16244.18 Crore. Along with this total number of contracts traded in stock futures were 613046 with a total turnover of Rs. 46462.38 Crore. Total numbers of contracts for index options were 5705519 with a total turnover of Rs. 427170.98 Crore and total numbers of contracts for stock options were 342971 with a total turnover of Rs. 26121.86 Crore.

The FIIs on 06/10/2016 stood as net buyer in equity but turned net seller in debt segement. Gross equity purchased stood at Rs. 3860.44 Crore and gross debt purchased stood at Rs. 1460.62 Crore, while the gross equity sold stood at Rs. 3204.79 Crore and gross debt sold stood at Rs. 3803.20 Crore. Therefore, the net investment of equity and debt reported were Rs. 655.65 Crore and Rs. -2342.58.

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