Pre-Session –Markets seen opening higher; cement stocks eyed
24/07/2014 08:13
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Thursday. Bucking the trend, Nifty India stock futures in Singapore opened on flat note, giving an indication for flat to higher opening for markets. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts. Back home, cement stocks will be on focus as ACC, Ambuja Cements will unveil their earnings today. Among others, Wipro, Bharti Infratel, Biocon, Glenmark Pharmaceuticals,TVS Motor will also announce their earnings today.
Continuing its gaining streak for seventh straight session, the Indian benchmark indices ended higher on Wednesday, led by gains in index heavyweights such as Reliance Industries, HDFC Bank, Bharti Airtel and ITC. On the sectoral front, IT, Teck, realty, power, oil & gas and realty stocks were among notable gainers on BSE. Meanwhile, profit booking were seen in the broader markets which capped upmove.
The BSE SENSEX closed at 26147.33 up by 121.53 points or by 0.47 per cent, while the NSE Nifty ended at 7795.75 up by 27.9 points or by 0.36 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26188.64 and intraday low of 26000.40, while the NSE Nifty touched intraday high of 7809.20 and intraday low of 7752.90.
Back home, the broader market continued its lackluster trade on Wednesday and closed on mixed note. The BSE MIDCAP closed at 9311.72 up by 0.63 points or by 0.01 per cent, while the BSE SMLCAP ended at 10204.18 down by 64.58 points or by 0.63 per cent.
On the Sectoral front, Teck and IT indices gained 2.24 per cent and 1.74 per cent, respectively.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3207, shares advanced were 1389 while 1707 shares declined and 111 were unchanged.
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 3347.00,+3.46%), Hindalco Industries Ltd. (Rs. 193.10,+2.58%), Tata Consultancy Services Ltd. (Rs. 2586.90,+2.21%), Wipro Ltd. (Rs. 569.35,+1.87%), Mahindra & Mahindra Ltd. (Rs. 1197.00,+1.58%), among others.
On the flip side, Tata Steel Ltd. (Rs. 554.95,-1.27%), Tata Power Company Ltd. (Rs. 103.05,-1.25%), Maruti Suzuki India Ltd. (Rs. 2489.10,-0.94%), Oil And Natural Gas Corporation Ltd. (Rs. 405.10,-0.91%), Axis Bank Ltd. (Rs. 2001.15,-0.82%, were among notable losers on BSE.
Adding bullishness to Dalal-Street, the FIIs turned net buyer in both debt and equity market for the fifth straight day. Gross equity purchased stood at Rs. 3450.09 Crore and gross debt purchased stood at Rs. 918.57 Crore, while the gross equity sold stood at Rs. 3077.78 Crore and gross debt sold stood at Rs. 50.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 372.31 Crore and Rs. 868.29.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 16908175.00, IDFC Ltd. 9610494.00, DLF Ltd. 5853901.00, NTPC Ltd. 5435173.00, ITC Ltd. 5164384.00.
On NSE, total number of shares traded was 86.38 Crore and total turnover stood at Rs. 16186.88 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 407470 with a total turnover of Rs. 15834.46 Crore. Along with this total number of contracts traded in stock futures were 793524 with a total turnover of Rs. 31511.20 Crore. Total numbers of contracts for index options were 4534285 with a total turnover of Rs. 175792.21 Crore and total numbers of contracts for stock options were 384821 with a total turnover of Rs. 15158.93 Crore.
24/07/2014 08:13
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Thursday. Bucking the trend, Nifty India stock futures in Singapore opened on flat note, giving an indication for flat to higher opening for markets. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts. Back home, cement stocks will be on focus as ACC, Ambuja Cements will unveil their earnings today. Among others, Wipro, Bharti Infratel, Biocon, Glenmark Pharmaceuticals,TVS Motor will also announce their earnings today.
Continuing its gaining streak for seventh straight session, the Indian benchmark indices ended higher on Wednesday, led by gains in index heavyweights such as Reliance Industries, HDFC Bank, Bharti Airtel and ITC. On the sectoral front, IT, Teck, realty, power, oil & gas and realty stocks were among notable gainers on BSE. Meanwhile, profit booking were seen in the broader markets which capped upmove.
The BSE SENSEX closed at 26147.33 up by 121.53 points or by 0.47 per cent, while the NSE Nifty ended at 7795.75 up by 27.9 points or by 0.36 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26188.64 and intraday low of 26000.40, while the NSE Nifty touched intraday high of 7809.20 and intraday low of 7752.90.
Back home, the broader market continued its lackluster trade on Wednesday and closed on mixed note. The BSE MIDCAP closed at 9311.72 up by 0.63 points or by 0.01 per cent, while the BSE SMLCAP ended at 10204.18 down by 64.58 points or by 0.63 per cent.
On the Sectoral front, Teck and IT indices gained 2.24 per cent and 1.74 per cent, respectively.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3207, shares advanced were 1389 while 1707 shares declined and 111 were unchanged.
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 3347.00,+3.46%), Hindalco Industries Ltd. (Rs. 193.10,+2.58%), Tata Consultancy Services Ltd. (Rs. 2586.90,+2.21%), Wipro Ltd. (Rs. 569.35,+1.87%), Mahindra & Mahindra Ltd. (Rs. 1197.00,+1.58%), among others.
On the flip side, Tata Steel Ltd. (Rs. 554.95,-1.27%), Tata Power Company Ltd. (Rs. 103.05,-1.25%), Maruti Suzuki India Ltd. (Rs. 2489.10,-0.94%), Oil And Natural Gas Corporation Ltd. (Rs. 405.10,-0.91%), Axis Bank Ltd. (Rs. 2001.15,-0.82%, were among notable losers on BSE.
Adding bullishness to Dalal-Street, the FIIs turned net buyer in both debt and equity market for the fifth straight day. Gross equity purchased stood at Rs. 3450.09 Crore and gross debt purchased stood at Rs. 918.57 Crore, while the gross equity sold stood at Rs. 3077.78 Crore and gross debt sold stood at Rs. 50.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 372.31 Crore and Rs. 868.29.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 16908175.00, IDFC Ltd. 9610494.00, DLF Ltd. 5853901.00, NTPC Ltd. 5435173.00, ITC Ltd. 5164384.00.
On NSE, total number of shares traded was 86.38 Crore and total turnover stood at Rs. 16186.88 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 407470 with a total turnover of Rs. 15834.46 Crore. Along with this total number of contracts traded in stock futures were 793524 with a total turnover of Rs. 31511.20 Crore. Total numbers of contracts for index options were 4534285 with a total turnover of Rs. 175792.21 Crore and total numbers of contracts for stock options were 384821 with a total turnover of Rs. 15158.93 Crore.
