Pre-Session –Market seen opening flat; LIC Housing, Allahabad Bank
eyed
25/07/2014 08:21
Tracking muted cues from Asian peers, the domestic equity market is likely to open flat on Friday. Even, Nifty India stock futures in Singapore were trading flat with negative bias, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading on subdued note taking some breathe after recent rally. In overnight trading, Wall Street ended ended flat amid mixed earnings and dat, though the S&P 500 set another record closing high. Back home, investors will keep an eye on earnings report of Allahabad Bank, Ashok Leyland, LIC Housing Finance, Novartis India, Punjab National Bank, UCO Bank, which will be announced today.
On Thursday, the Indian benchmark indices ended higher for eighth straight session, helped by gains in steel, metal and mining stocks after Chinese manufacturing PMI topped estimates. The China HSBC Manufacturing PMI rose to 52 in July from 51.8 in June, the highest reading since January 2013, signaling that the world’s second-biggest economy is gaining traction, and the government’s stimulus efforts are injecting new vigor into the economy. Among others, shares of insurance companies rallied after the Cabinet approved 49 per cent foreign direct investment (FDI) in insurers.
The BSE SENSEX closed at 26271.85 up by 124.52 points or by 0.48 per cent, while the NSE Nifty ended at 7830.6 up by 34.85 points or by 0.45 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26292.66 and intraday low of 26077.70, while the NSE Nifty touched intraday high of 7835.65 and intraday low of 7771.65.
Bucking the trend, the broader market continued its lackluster trade on Thursday and closed on mixed note. The BSE MIDCAP closed at 9293.46 down by 18.26 points or by 0.2 per cent, while the BSE SMLCAP ended at 10229.33 up by 25.15 points or by 0.25 per cent.
On the Sectoral front, metal and IT indices gained 1.47 per cent and 0.9 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3213, shares advanced were 1576 while 1498 shares declined and 139 were unchanged.
The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 197.55,+2.30%), Tata Steel Ltd. (Rs. 567.05,+2.18%), Hindustan Unilever Ltd. (Rs. 642.30,+1.55%), Wipro Ltd. (Rs. 576.80,+1.31%), ITC Ltd. (Rs. 356.25,+1.09%), among others.
On the flip side, GAIL (India) Ltd. (Rs. 429.45,-2.04%), Dr. Reddy's Laboratories Ltd. (Rs. 2713.95,-0.73%), Hero MotoCorp Ltd. (Rs. 2536.30,-0.66%), Cipla Ltd. (Rs. 439.30,-0.61%), Axis Bank Ltd. (Rs. 1996.65,-0.22%), were among notable losers on BSE.
Extending their support to Indian markets, the FIIs turned net buyer in both debt and equity market for the fifth straight day. Gross equity purchased stood at Rs. 3822.31 Crore and gross debt purchased stood at Rs. 1488.30 Crore, while the gross equity sold stood at Rs. 2982.93 Crore and gross debt sold stood at Rs. 668.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 839.38 Crore and Rs. 819.50.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 14784601.00, Cairn India Ltd. 8770595.00, IDFC Ltd. 8629790.00, Tata Steel Ltd. 6388530.00, DLF Ltd. 6273538.00. On NSE, total number of shares traded was 84.12 Crore and total turnover stood at Rs. 15780.14 Crore.
25/07/2014 08:21
Tracking muted cues from Asian peers, the domestic equity market is likely to open flat on Friday. Even, Nifty India stock futures in Singapore were trading flat with negative bias, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading on subdued note taking some breathe after recent rally. In overnight trading, Wall Street ended ended flat amid mixed earnings and dat, though the S&P 500 set another record closing high. Back home, investors will keep an eye on earnings report of Allahabad Bank, Ashok Leyland, LIC Housing Finance, Novartis India, Punjab National Bank, UCO Bank, which will be announced today.
On Thursday, the Indian benchmark indices ended higher for eighth straight session, helped by gains in steel, metal and mining stocks after Chinese manufacturing PMI topped estimates. The China HSBC Manufacturing PMI rose to 52 in July from 51.8 in June, the highest reading since January 2013, signaling that the world’s second-biggest economy is gaining traction, and the government’s stimulus efforts are injecting new vigor into the economy. Among others, shares of insurance companies rallied after the Cabinet approved 49 per cent foreign direct investment (FDI) in insurers.
The BSE SENSEX closed at 26271.85 up by 124.52 points or by 0.48 per cent, while the NSE Nifty ended at 7830.6 up by 34.85 points or by 0.45 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26292.66 and intraday low of 26077.70, while the NSE Nifty touched intraday high of 7835.65 and intraday low of 7771.65.
Bucking the trend, the broader market continued its lackluster trade on Thursday and closed on mixed note. The BSE MIDCAP closed at 9293.46 down by 18.26 points or by 0.2 per cent, while the BSE SMLCAP ended at 10229.33 up by 25.15 points or by 0.25 per cent.
On the Sectoral front, metal and IT indices gained 1.47 per cent and 0.9 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3213, shares advanced were 1576 while 1498 shares declined and 139 were unchanged.
The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 197.55,+2.30%), Tata Steel Ltd. (Rs. 567.05,+2.18%), Hindustan Unilever Ltd. (Rs. 642.30,+1.55%), Wipro Ltd. (Rs. 576.80,+1.31%), ITC Ltd. (Rs. 356.25,+1.09%), among others.
On the flip side, GAIL (India) Ltd. (Rs. 429.45,-2.04%), Dr. Reddy's Laboratories Ltd. (Rs. 2713.95,-0.73%), Hero MotoCorp Ltd. (Rs. 2536.30,-0.66%), Cipla Ltd. (Rs. 439.30,-0.61%), Axis Bank Ltd. (Rs. 1996.65,-0.22%), were among notable losers on BSE.
Extending their support to Indian markets, the FIIs turned net buyer in both debt and equity market for the fifth straight day. Gross equity purchased stood at Rs. 3822.31 Crore and gross debt purchased stood at Rs. 1488.30 Crore, while the gross equity sold stood at Rs. 2982.93 Crore and gross debt sold stood at Rs. 668.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 839.38 Crore and Rs. 819.50.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 14784601.00, Cairn India Ltd. 8770595.00, IDFC Ltd. 8629790.00, Tata Steel Ltd. 6388530.00, DLF Ltd. 6273538.00. On NSE, total number of shares traded was 84.12 Crore and total turnover stood at Rs. 15780.14 Crore.
