Pre Session- Sensex may open lower on weak inflation, IIP data 13/08/2014

Pre Session- Sensex may open lower on weak inflation, IIP data
13/08/2014 08:20
The key domestic benchmarks are tipped to witness a negative opening today as investors and speculators book profits after a sharp rally in the past two sessions as acceleration in consumer inflation dimmed hopes of any further monetary easing in the near-term in Asia’s third biggest economy. India’s consumer prices climbed 7.96 per cent in July 2014 from the same month a year ago, above the annual 7.46 per cent rise in June 2014. Industrial output growth slowed to 3.4 per cent, year on year in June 2014 from the annual 5 per cent rise in May 2014, signaling a lingering slowdown. ONGC and Tata Steel will unveil their quarterly earnings today.

On the Asian front, stocks were trading with slim gains as investors awaited Chinese economic data due later today. China’s Shanghai Composite and Hang Seng were trading higher ahead of Chinese retail sales and industrial output data which may offer further cues over the recovery in the world’s second biggest economy. Japan’s Nikkei 225 was up even as Japan’s economy shrank an annualized 6.8 per cent in the June quarter amid a higher sales tax rate.

Top traded Volumes on NSE Nifty – Tata Motors Ltd. 14729593.00, Tata Power Company Ltd. 7891284.00, NTPC Ltd. 7532806.00, Hindalco Industries Ltd. 7032239.00 and DLF Ltd. 6717783.00.

On BSE, total number of shares traded was 39.38 Crore and total turnover stood at Rs. 2339.74 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 360163 with a total turnover of Rs. 13779.68 Crore. Along with this total number of contracts traded in stock futures were 542069 with a total turnover of Rs. 21485.33 Crore. Total numbers of contracts for index options were 3403128 with a total turnover of Rs. 131067.49 Crore and total numbers of contracts for stock options were 263110 with a total turnover of Rs. 10673.88 Crore.