Pre-Market: Market set to open in green
12/06/2014 08:04
Indian markets are likely to see yet another flat opening on the bourses given the concerns in the global economy. SGX Nifty too directs a flat opening. Meanwhile, Europe will continue to add to the gains on ECB induced optimism. In stock specific news, French retail giant Carrefour begins talks with Wal-Mart and looks to sell its cash and carry stores in India. Additionally, the offer for sale of L&T Finance Holdings has been subscribed 3.2 times on the National Stock Exchange. Parent Larsen & Toubro had offered 16.5 million shares for sale, leading to a dilution of 0.96 per cent stake, at a floor price of Rs 74 each. It had said it may sell up to 11 million shares, in addition to the sale of shares. Moreover in a move to assure investor’s to meet short term liquidity crunch, The Securities and Exchange Board of India has written to the Reserve Bank of India to explore the possibility of mutual fund schemes being granted an ongoing window. Asian shares are trading mixed in today’s session, with Japan resisting the largely downward trend, as Hong Kong retreated from gains during the past two sessions. The Nikkei 225 of Japan advanced 0.5% to 15069.48 as the stock gauge recovered from a 0.9% loss a session earlier. Tokyo stocks soared on prospects that Japan’s $1.26 trillion public pension fund will say it will increase investments in stock and foreign-bond in early autumn. As per the Wall Street journal, the fund targets injections into the local stock market to increase to 17% from the current 12%, a policy that would see more money enter the market. Other markets in Asia swung between break-even and a little lower level. Although the Dow Jones Industrial Average closed at a record on Tuesday, the gain was not sufficient to provide motivation for Asian markets.
After ending the previous session nearly unchanged, stocks moved mostly lower over the course of the trading session on Wednesday. Renewed concerns about the outlook for the global economy weighed on the investor sentiments. The major averages climbed off their worst levels late in the day but still closed in the red. Citing poor weather in the U.S., financial market turbulence and the Ukrainian crisis, the World Bank said it now expects the global economy to grow by 2.8 percent in 2014 compared to its previous forecast for 3.2 percent growth. At the same time, the World Bank left its growth forecasts for 2015 and 2016 broadly unchanged at 3.4 percent and 3.5 percent, respectively. Some traders also took the opportunity to cash in the on the recent strength in the markets, which lifted the Dow and the S&P 500 to record highs and the Nasdaq to its best levels in three months.
The Dow fell 102.04 points or 0.6 percent to 16,843.88, the NASDAQ edged down 6.06 points or 0.1 percent to 4,331.93 and the S&P 500 slid 6.90 points or 0.4 percent to 1,943.89.
Top traded Volumes on NSE Nifty – NTPC Ltd. 11838396.00, DLF Ltd. 11552956.00, Hindalco Industries Ltd. 11473448.00, ITC Ltd. 11292614.00, Tata Power Company Ltd. 9263934.00, Top traded Volumes on NSE Nifty – NTPC Ltd. 11838396.00, DLF Ltd. 11552956.00, Hindalco Industries Ltd. 11473448.00, ITC Ltd. 11292614.00, Tata Power Company Ltd. 9263934.00,
On NSE Future and Options, total number of contracts traded in index futures was 470798 with a total turnover of Rs. 18069.55 Crore. Along with this total number of contracts traded in stock futures were 1065155 with a total turnover of Rs. 42136.95 Crore. Total numbers of contracts for index options were 3836360 with a total turnover of Rs. 146975.49 Crore and total numbers of contracts for stock options were 464932 with a total turnover of Rs. 18586.33 Crore.
The FIIs on 11/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5407.77 Crore and gross debt purchased stood at Rs. 2450.31 Crore, while the gross equity sold stood at Rs. 4636.00 Crore and gross debt sold stood at Rs. 638.06 Crore. Therefore, the net investment of equity and debt reported were Rs. 771.77 Crore and Rs. 1812.25
12/06/2014 08:04
Indian markets are likely to see yet another flat opening on the bourses given the concerns in the global economy. SGX Nifty too directs a flat opening. Meanwhile, Europe will continue to add to the gains on ECB induced optimism. In stock specific news, French retail giant Carrefour begins talks with Wal-Mart and looks to sell its cash and carry stores in India. Additionally, the offer for sale of L&T Finance Holdings has been subscribed 3.2 times on the National Stock Exchange. Parent Larsen & Toubro had offered 16.5 million shares for sale, leading to a dilution of 0.96 per cent stake, at a floor price of Rs 74 each. It had said it may sell up to 11 million shares, in addition to the sale of shares. Moreover in a move to assure investor’s to meet short term liquidity crunch, The Securities and Exchange Board of India has written to the Reserve Bank of India to explore the possibility of mutual fund schemes being granted an ongoing window. Asian shares are trading mixed in today’s session, with Japan resisting the largely downward trend, as Hong Kong retreated from gains during the past two sessions. The Nikkei 225 of Japan advanced 0.5% to 15069.48 as the stock gauge recovered from a 0.9% loss a session earlier. Tokyo stocks soared on prospects that Japan’s $1.26 trillion public pension fund will say it will increase investments in stock and foreign-bond in early autumn. As per the Wall Street journal, the fund targets injections into the local stock market to increase to 17% from the current 12%, a policy that would see more money enter the market. Other markets in Asia swung between break-even and a little lower level. Although the Dow Jones Industrial Average closed at a record on Tuesday, the gain was not sufficient to provide motivation for Asian markets.
After ending the previous session nearly unchanged, stocks moved mostly lower over the course of the trading session on Wednesday. Renewed concerns about the outlook for the global economy weighed on the investor sentiments. The major averages climbed off their worst levels late in the day but still closed in the red. Citing poor weather in the U.S., financial market turbulence and the Ukrainian crisis, the World Bank said it now expects the global economy to grow by 2.8 percent in 2014 compared to its previous forecast for 3.2 percent growth. At the same time, the World Bank left its growth forecasts for 2015 and 2016 broadly unchanged at 3.4 percent and 3.5 percent, respectively. Some traders also took the opportunity to cash in the on the recent strength in the markets, which lifted the Dow and the S&P 500 to record highs and the Nasdaq to its best levels in three months.
The Dow fell 102.04 points or 0.6 percent to 16,843.88, the NASDAQ edged down 6.06 points or 0.1 percent to 4,331.93 and the S&P 500 slid 6.90 points or 0.4 percent to 1,943.89.
Top traded Volumes on NSE Nifty – NTPC Ltd. 11838396.00, DLF Ltd. 11552956.00, Hindalco Industries Ltd. 11473448.00, ITC Ltd. 11292614.00, Tata Power Company Ltd. 9263934.00, Top traded Volumes on NSE Nifty – NTPC Ltd. 11838396.00, DLF Ltd. 11552956.00, Hindalco Industries Ltd. 11473448.00, ITC Ltd. 11292614.00, Tata Power Company Ltd. 9263934.00,
On NSE Future and Options, total number of contracts traded in index futures was 470798 with a total turnover of Rs. 18069.55 Crore. Along with this total number of contracts traded in stock futures were 1065155 with a total turnover of Rs. 42136.95 Crore. Total numbers of contracts for index options were 3836360 with a total turnover of Rs. 146975.49 Crore and total numbers of contracts for stock options were 464932 with a total turnover of Rs. 18586.33 Crore.
The FIIs on 11/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5407.77 Crore and gross debt purchased stood at Rs. 2450.31 Crore, while the gross equity sold stood at Rs. 4636.00 Crore and gross debt sold stood at Rs. 638.06 Crore. Therefore, the net investment of equity and debt reported were Rs. 771.77 Crore and Rs. 1812.25
