Pre Session- Positive opening likely for Sensex as Asian stocks
rise
The key domestic benchmarks are likely to open higher today tracking gains in Asian stocks as a slowdown in China’s inflationary pressures left room for a much needed injection of stimulus to spur growth in the world’s second biggest economy. Consumer prices in China rose by 1.8 per cent in April 2014 from the same month a year ago, compared to an annual 2.4 per cent gain in March 2014. China’s Shanghai Composite was trading with slim gains as metal producers advanced while Hang Seng rose. Japan’ Nikkei 225 posted impressive gains. Back home, the Sensex may remain in consolidation mode as trading volumes remain low while caution persists ahead of the key election results due next week which will shape the outlook for Asia’s third biggest economy.
Most US stocks ended lower on Thursday driven by losses in utility and energy stocks. The number of Americans who filed for jobless claims last week fell more than expected, signaling a pickup in the labour market of the world’s biggest economy, supporting sentiment. US jobless claims fell 26,000 to 319,000 last week, the Labour Department said. US Federal Reserve Chairman Janet Yellen said that interest rates are unlikely to rise until there is a strong economic recovery. Yellen expects a pickup in the US economic growth rate in the current quarter but signaled that the recent weakness in the country’s housing sector may weigh on the economy. As expected, the European Central Bank (ECB) left interest rates unchanged even as inflation remains well below the ECB’s target rate. The ECB maintained its key benchmark interest rate at a record low of 0.25 per cent. While the Dow Jones Industrial Average closed higher, the Nasdaq Composite and S&P 500 ended in the red.
The FIIs on 08/05/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 4265.00 Crore and gross debt purchased stood at Rs. 1243.40 Crore, while the gross equity sold stood at Rs. 4116.90 Crore and gross debt sold stood at Rs. 1485.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 148.10 Crore and Rs. -242.10 crore.
Top traded Volumes on NSE Nifty – DLF Ltd. 10142516.00, ITC Ltd. 5542843.00, IDFC Ltd. 4694851.00, Sesa Sterlite Ltd. 4545744.00 and Hindalco Industries Ltd. 4178306.00.
On BSE, total number of shares traded was 19.27 Crore and total turnover stood at Rs. 2299.87 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 286188 with a total turnover of Rs. 9486.45 Crore. Along with this total number of contracts traded in stock futures were 503386 with a total turnover of Rs. 15751.32 Crore. Total numbers of contracts for index options were 995396 with a total turnover of Rs. 34431.02 Crore and total numbers of contracts for stock options were 161297 with a total turnover of Rs. 5237.34 Crore.
The key domestic benchmarks are likely to open higher today tracking gains in Asian stocks as a slowdown in China’s inflationary pressures left room for a much needed injection of stimulus to spur growth in the world’s second biggest economy. Consumer prices in China rose by 1.8 per cent in April 2014 from the same month a year ago, compared to an annual 2.4 per cent gain in March 2014. China’s Shanghai Composite was trading with slim gains as metal producers advanced while Hang Seng rose. Japan’ Nikkei 225 posted impressive gains. Back home, the Sensex may remain in consolidation mode as trading volumes remain low while caution persists ahead of the key election results due next week which will shape the outlook for Asia’s third biggest economy.
Most US stocks ended lower on Thursday driven by losses in utility and energy stocks. The number of Americans who filed for jobless claims last week fell more than expected, signaling a pickup in the labour market of the world’s biggest economy, supporting sentiment. US jobless claims fell 26,000 to 319,000 last week, the Labour Department said. US Federal Reserve Chairman Janet Yellen said that interest rates are unlikely to rise until there is a strong economic recovery. Yellen expects a pickup in the US economic growth rate in the current quarter but signaled that the recent weakness in the country’s housing sector may weigh on the economy. As expected, the European Central Bank (ECB) left interest rates unchanged even as inflation remains well below the ECB’s target rate. The ECB maintained its key benchmark interest rate at a record low of 0.25 per cent. While the Dow Jones Industrial Average closed higher, the Nasdaq Composite and S&P 500 ended in the red.
The FIIs on 08/05/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 4265.00 Crore and gross debt purchased stood at Rs. 1243.40 Crore, while the gross equity sold stood at Rs. 4116.90 Crore and gross debt sold stood at Rs. 1485.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 148.10 Crore and Rs. -242.10 crore.
Top traded Volumes on NSE Nifty – DLF Ltd. 10142516.00, ITC Ltd. 5542843.00, IDFC Ltd. 4694851.00, Sesa Sterlite Ltd. 4545744.00 and Hindalco Industries Ltd. 4178306.00.
On BSE, total number of shares traded was 19.27 Crore and total turnover stood at Rs. 2299.87 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 286188 with a total turnover of Rs. 9486.45 Crore. Along with this total number of contracts traded in stock futures were 503386 with a total turnover of Rs. 15751.32 Crore. Total numbers of contracts for index options were 995396 with a total turnover of Rs. 34431.02 Crore and total numbers of contracts for stock options were 161297 with a total turnover of Rs. 5237.34 Crore.
