Pre-Session-Gap up opening seen for Sensex; manufacturing PMI eyed
01/11/2016 08:21
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Indian equity benchmarks are likely to witness a bullish opening on Tuesday tracking a positive trend across most major Asian stocks as an improvement in Chinese manufacturing eased concerns over a slowdown in the global economy, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,632, up by 28 points or 0.32 per cent at 10:20 AM Singapore time, signal that the Sensex may open higher today. The focus today will be on the October Manufacturing data set for release, which will offer further cues over the health of Asia’s third biggest economy. The India manufacturing gauge stood at 52.1 in September, with a reading above 50 signalling expansion. The Services PMI and monthly auto sales numbers will also be eyed this week. Shares of Ambuja Cements, Titan, Union Bank and Pfizer will be in focus this week as these companies unveil their September quarter earnings. Dalal Street may witness some volatility with investors across the globe slightly nervous ahead of the results of the US Presidential elections on November 8, 2016. The 30-share Sensex ended flat in Sunday’s special muhurat trading session, closing at 27,930.21, down by 11.3 points or by 0.04 per cent as traders remained wary of risks including US elections while digesting a mixed corporate earnings season so far.
Most Asian stocks rose as China’s manufacturing gauge hit an over two-year high in October, signaling strength in the world’s second biggest economy. The China official manufacturing PMI rose to the highest level since July 2014 at 51.2 in October from 50.4 in September. Shanghai Composite and Hang Seng rose while Nikkei 225 fell amid caution ahead of Tuesday’s Bank of Japan policy review. US stocks ended tad lower on Monday as US Presidential elections loomed closer while increase in deal activity and strong economic data supported sentiment. US consumer spending climbed the most in three months, up 0.5 per cent in September.
Top traded Volumes on NSE Nifty – State Bank of India 2107882.00, ICICI Bank Ltd. 1752296.00, Idea Cellular Ltd. 1147476.00, Axis Bank Ltd. 937701.00 and Oil and Natural Gas Corporation Ltd. 731774.00.
On BSE, total number of shares traded was 9.82 Crore and total turnover stood at Rs. 862.39 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 34855 with a total turnover of Rs. 2386.02 Crore. Along with this total number of contracts traded in stock futures were 74612 with a total turnover of Rs. 5255.07 Crore. Total numbers of contracts for index options were 342119 with a total turnover of Rs. 24504.15 Crore and total numbers of contracts for stock options were 27726 with a total turnover of Rs. 2032.39 Crore.
The FIIs on 28/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 6222.50 Crore and gross debt purchased stood at Rs. 631.27 Crore, while the gross equity sold stood at Rs. 7331.33 Crore and gross debt sold stood at Rs. 1079.31 Crore. Therefore, the net investment of equity and debt reported were Rs. -1108.83 Crore and Rs. -448.04 Crore.
01/11/2016 08:21
Indian equity benchmarks are likely to witness a bullish opening on Tuesday tracking a positive trend across most major Asian stocks as an improvement in Chinese manufacturing eased concerns over a slowdown in the global economy, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,632, up by 28 points or 0.32 per cent at 10:20 AM Singapore time, signal that the Sensex may open higher today. The focus today will be on the October Manufacturing data set for release, which will offer further cues over the health of Asia’s third biggest economy. The India manufacturing gauge stood at 52.1 in September, with a reading above 50 signalling expansion. The Services PMI and monthly auto sales numbers will also be eyed this week. Shares of Ambuja Cements, Titan, Union Bank and Pfizer will be in focus this week as these companies unveil their September quarter earnings. Dalal Street may witness some volatility with investors across the globe slightly nervous ahead of the results of the US Presidential elections on November 8, 2016. The 30-share Sensex ended flat in Sunday’s special muhurat trading session, closing at 27,930.21, down by 11.3 points or by 0.04 per cent as traders remained wary of risks including US elections while digesting a mixed corporate earnings season so far.
Most Asian stocks rose as China’s manufacturing gauge hit an over two-year high in October, signaling strength in the world’s second biggest economy. The China official manufacturing PMI rose to the highest level since July 2014 at 51.2 in October from 50.4 in September. Shanghai Composite and Hang Seng rose while Nikkei 225 fell amid caution ahead of Tuesday’s Bank of Japan policy review. US stocks ended tad lower on Monday as US Presidential elections loomed closer while increase in deal activity and strong economic data supported sentiment. US consumer spending climbed the most in three months, up 0.5 per cent in September.
Top traded Volumes on NSE Nifty – State Bank of India 2107882.00, ICICI Bank Ltd. 1752296.00, Idea Cellular Ltd. 1147476.00, Axis Bank Ltd. 937701.00 and Oil and Natural Gas Corporation Ltd. 731774.00.
On BSE, total number of shares traded was 9.82 Crore and total turnover stood at Rs. 862.39 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 34855 with a total turnover of Rs. 2386.02 Crore. Along with this total number of contracts traded in stock futures were 74612 with a total turnover of Rs. 5255.07 Crore. Total numbers of contracts for index options were 342119 with a total turnover of Rs. 24504.15 Crore and total numbers of contracts for stock options were 27726 with a total turnover of Rs. 2032.39 Crore.
The FIIs on 28/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 6222.50 Crore and gross debt purchased stood at Rs. 631.27 Crore, while the gross equity sold stood at Rs. 7331.33 Crore and gross debt sold stood at Rs. 1079.31 Crore. Therefore, the net investment of equity and debt reported were Rs. -1108.83 Crore and Rs. -448.04 Crore.
