Pre Session- Sensex set to open higher; IIP data eyed 12/08/2014

Pre Session- Sensex set to open higher; IIP data eyed
12/08/2014 08:19
The key domestic benchmarks may open on a positive note today amid fading geopolitical concerns. Asian stocks were trading mixed as speculation heightened that tensions in Ukraine may ease on the arrival of a Red Cross aid mission while hopes rose that US airstrikes may contain militancy in Iraq, boosting the appeal of risky assets such as equities. While China’s Shanghai Composite and Hang Seng retreated as investors booked profits after yesterday’s sharp rally when below target inflation gave policymakers room to inject stimulus to spur growth in the world’s second biggest economy, Japan’s Nikkei 225 extended gains.

On the domestic front, all eyes will be on the IIP data due after market hours today which may show that industrial output rose for the third month on the trot in June, signaling a recovery in Asia’s third biggest economy. India’s industrial output may have risen 5.6 per cent, year on year in June 2014, up from an annual 4.7 per cent rise in the previous month. However, acceleration in consumer inflation will signal limited room to ease monetary policy, and may weigh on sentiment at Dalal Street. Consumer inflation may have accelerated to 7.4 per cent in July 2014 from 7.3 per cent in June 2014 as food inflation quickened, analysts say. Sun Pharma, Coal India and Tata Power will report their quarterly earnings today.

Top traded Volumes on NSE Nifty – NTPC Ltd. 8927798.00, Sesa Sterlite Ltd. 8673449.00, Tata Motors Ltd. 8643044.00, DLF Ltd. 6407943.00 and IDFC Ltd. 5387657.00.

On BSE, total number of shares traded was 44.25 Crore and total turnover stood at Rs. 3785.18 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 223395 with a total turnover of Rs. 8468.19 Crore. Along with this total number of contracts traded in stock futures were 478905 with a total turnover of Rs. 18642.14 Crore. Total numbers of contracts for index options were 2273825 with a total turnover of Rs. 87152.26 Crore and total numbers of contracts for stock options were 236556 with a total turnover of Rs. 9225.01 Crore.

The FIIs on 11/08/2014 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 2757.51 Crore and gross debt purchased stood at Rs. 1682.67 Crore, while the gross equity sold stood at Rs. 3224.92 Crore and gross debt sold stood at Rs. 1583.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -467.41 Crore and Rs. 99.26.