Pre-market: Markets to witness negative opening
28/05/2014 07:28
Indian markets are likely to witness a negative opening tracking the SGX Nifty that is trading 0.56% down. The market direction will be shaped later as China’s reports on industrial profits are released. Meanwhile, providing importers with greater flexibility in hedging, Reserve Bank of India allowed them to book forward foreign exchange contracts to an extent of 50 percent of the eligible limit. Moreover, the results of BHEL and HPCL will be in focus for the day.
It is a mixed bag of performance from the Asian markets with a modest upside seen in few major averages. Albeit, there is an improvement in the market after signs of improvement in the US economy sent the Standard & Poor’s 500 Index to a record high, China’s Shanghai composite is down by 0.34% while Hang Seng and NIKKEI 225 continue trading higher by 0.6% and 1.0% respectively. The trading activity in the Asian markets today will be defined by influences of positive news from the U.S. and nervousness about the state of play in China as reports on industrial-company profits is due to be released later today.
Stocks on Wall-Street continued to perform well throughout the trading session on Tuesday exhibiting positive investor sentiments as infused after upbeat economic data. The gains on the day extended the recent upward move by the markets, with the S&P 500 reaching a new record closing high. While the major averages all closed firmly in positive territory, the tech-heavy NASDAQ outperformed its counterparts. The NASDAQ jumped 51.26 point or 1.2 percent to 4,237.07, while the Dow rose 69.23 point or 0.4 percent to 16,675.50 and the S&P 500 climbed 11.38 points or 0.6 percent to 1,911.91. The strength on Wall Street was partly due to the release of a report from the Commerce Department showing an unexpected increase in durable goods orders for the month of April. Positive sentiment was also generated by a separate report from the Conference Board showing that consumer confidence improved in line with economist estimates in the month of May. Additionally, a separate report from Standard & Poor's showed that home prices in major metropolitan areas rose more than expected in March.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13805470.00, NTPC Ltd. 13100443.00, DLF Ltd. 12407505.00, Bharat Heavy Electricals Ltd. 11950892.00, Sesa Sterlite Ltd. 11599055.00,
On NSE, total number of shares traded was 129.98 Crore and total turnover stood at Rs. 18829.36 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 591605 with a total turnover of Rs. 21839.50 Crore. Along with this total number of contracts traded in stock futures were 1559910 with a total turnover of Rs. 57563.60 Crore. Total numbers of contracts for index options were 4605716 with a total turnover of Rs. 169369.86 Crore. and total numbers of contracts for stock options were 424212 with a total turnover of Rs. 16259.84 Crore.
The FIIs on 27/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5701.40 Crore and gross debt purchased stood at Rs. 2035.70 Crore, while the gross equity sold stood at Rs. 5726.10 Crore and gross debt sold stood at Rs. 251.90 Crore. Therefore, the net investment of equity and debt reported were Rs. -24.70 Crore and Rs. 1783.80
28/05/2014 07:28
Indian markets are likely to witness a negative opening tracking the SGX Nifty that is trading 0.56% down. The market direction will be shaped later as China’s reports on industrial profits are released. Meanwhile, providing importers with greater flexibility in hedging, Reserve Bank of India allowed them to book forward foreign exchange contracts to an extent of 50 percent of the eligible limit. Moreover, the results of BHEL and HPCL will be in focus for the day.
It is a mixed bag of performance from the Asian markets with a modest upside seen in few major averages. Albeit, there is an improvement in the market after signs of improvement in the US economy sent the Standard & Poor’s 500 Index to a record high, China’s Shanghai composite is down by 0.34% while Hang Seng and NIKKEI 225 continue trading higher by 0.6% and 1.0% respectively. The trading activity in the Asian markets today will be defined by influences of positive news from the U.S. and nervousness about the state of play in China as reports on industrial-company profits is due to be released later today.
Stocks on Wall-Street continued to perform well throughout the trading session on Tuesday exhibiting positive investor sentiments as infused after upbeat economic data. The gains on the day extended the recent upward move by the markets, with the S&P 500 reaching a new record closing high. While the major averages all closed firmly in positive territory, the tech-heavy NASDAQ outperformed its counterparts. The NASDAQ jumped 51.26 point or 1.2 percent to 4,237.07, while the Dow rose 69.23 point or 0.4 percent to 16,675.50 and the S&P 500 climbed 11.38 points or 0.6 percent to 1,911.91. The strength on Wall Street was partly due to the release of a report from the Commerce Department showing an unexpected increase in durable goods orders for the month of April. Positive sentiment was also generated by a separate report from the Conference Board showing that consumer confidence improved in line with economist estimates in the month of May. Additionally, a separate report from Standard & Poor's showed that home prices in major metropolitan areas rose more than expected in March.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13805470.00, NTPC Ltd. 13100443.00, DLF Ltd. 12407505.00, Bharat Heavy Electricals Ltd. 11950892.00, Sesa Sterlite Ltd. 11599055.00,
On NSE, total number of shares traded was 129.98 Crore and total turnover stood at Rs. 18829.36 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 591605 with a total turnover of Rs. 21839.50 Crore. Along with this total number of contracts traded in stock futures were 1559910 with a total turnover of Rs. 57563.60 Crore. Total numbers of contracts for index options were 4605716 with a total turnover of Rs. 169369.86 Crore. and total numbers of contracts for stock options were 424212 with a total turnover of Rs. 16259.84 Crore.
The FIIs on 27/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5701.40 Crore and gross debt purchased stood at Rs. 2035.70 Crore, while the gross equity sold stood at Rs. 5726.10 Crore and gross debt sold stood at Rs. 251.90 Crore. Therefore, the net investment of equity and debt reported were Rs. -24.70 Crore and Rs. 1783.80
