Pre-market: Sensex to open in red ahead of Economic Survey 2013-14 09/07/2014

Pre-market: Sensex to open in red ahead of Economic Survey 2013-14
09/07/2014 08:17
The 30-share barometer index of the Bombay Stock Exchange is likely to open in red tracking weak cues across the global markets. After Rail Budget failed to impress the markets, domestic investors are expected to turn even more cautious ahead of the Union Budget 201-15, which will be announced tomorrow. The investors will also be eyeing Economic Survey 2013-15 that will be presented by the Finance Minister Arun Jaitley today.

In the overnight trading, US markets ended lower, following which the Asian markets opened in red on Wednesday ahead of the quarterly earnings session. Hong Kong’s Hang Seng was trading as low as 23,243, down by 297 points; Taiwan Index was down by 36 points at 9,494; Japan’s Nikkei 225 was at 15,276, down by 38 points; and China’s Shanghai Composite was at 2,060, down by nearly 3 points.

On Tuesday, the BSE’s SENSEX closed at 25582.11, down by 517.97 points or by 1.98 per cent and the NSE’s wide-based Nifty ended at 7623.2, down by 163.95 points or by 2.11 per cent. On BSE, total number of shares traded was 39.54 Crore and total turnover stood at Rs. 4295.79 Crore.

The FIIs on 08/07/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6277.00 Crore and gross debt purchased stood at Rs. 1809.98 Crore, while the gross equity sold stood at Rs. 5493.51 Crore and gross debt sold stood at Rs. 235.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 783.49 Crore and Rs. 1574.48.