Pre Session- Sensex may open higher on global cues
The key domestic benchmarks are likely to witness a positive opening today tracking gains in fellow Asian peers and a mostly positive closing at Wall Street overnight. Asian stocks rose after US Federal Reserve Chairman Janet Yellen vowed to continue to support growth in the world’s biggest economy, easing fears that the Fed may raise interest rates immediately after QE ends. China’s Shanghai Composite posted slim gains while Hang Seng rose firmly after China’s exports and imports rose last month, easing fears of a slowdown in the world’s second biggest economy. Chinese exports climbed 0.9 per cent in April 2014 from the same month a year ago, while imports advanced 0.8 per cent. Japan’s Nikkei 225 was trading with impressing gains. Back home, IT stocks will remain in focus after they slumped yesterday due to the downgrade of bellwether Infosys by UBS. TVS Electronics and Union Bank will reveal their March quarter report card today.
Most US stocks closed higher on Wednesday after Fed Chairman Janet Yellen stressed on the case for continued stimulus support for the US economy. Yellen backed a high degree of monetary accommodation to spur economic growth as inflation and employment remain below the central bank’s goals. She insisted that the Fed’s key benchmark interest rate is likely to stay near zero for a considerable time period even after the central bank fully winds up QE. Sentiment was also boosted after consumer credit in the US rose at the fastest pace in more than a year in March 2014, signaling a pickup in consumer spending, going forward. US consumer credit climbed USD 17.5 billion in March 2014 over the previous month. However, internet stocks tumbled led by Groupon after profits and sales trailed estimates in the March quarter. The Dow Jones Industrial Average ended higher, the Nasdaq Composite closed lower and the S&P 500 advanced.
The FIIs on 07/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 1718.40 Crore and gross debt purchased stood at Rs. 540.70 Crore, while the gross equity sold stood at Rs. 1642.40 Crore and gross debt sold stood at Rs. 403.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 76.00 Crore and Rs. 137.20 crore.
Top traded Volumes on NSE Nifty – NTPC Ltd. 9144185.00, DLF Ltd. 8856565.00, Bharti Airtel Ltd. 5881938.00, IDFC Ltd. 5362047.00 and ICICI Bank Ltd. 5150741.00.
On BSE, total number of shares traded was 29.93 Crore and total turnover stood at Rs. 2789.65 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 307857 with a total turnover of Rs. 10223.04 Crore. Along with this total number of contracts traded in stock futures were 579542 with a total turnover of Rs. 18285.75 Crore. Total numbers of contracts for index options were 983539 with a total turnover of Rs. 34101.20 Crore and total numbers of contracts for stock options were 169241 with a total turnover of Rs. 5601.24 Crore.
The key domestic benchmarks are likely to witness a positive opening today tracking gains in fellow Asian peers and a mostly positive closing at Wall Street overnight. Asian stocks rose after US Federal Reserve Chairman Janet Yellen vowed to continue to support growth in the world’s biggest economy, easing fears that the Fed may raise interest rates immediately after QE ends. China’s Shanghai Composite posted slim gains while Hang Seng rose firmly after China’s exports and imports rose last month, easing fears of a slowdown in the world’s second biggest economy. Chinese exports climbed 0.9 per cent in April 2014 from the same month a year ago, while imports advanced 0.8 per cent. Japan’s Nikkei 225 was trading with impressing gains. Back home, IT stocks will remain in focus after they slumped yesterday due to the downgrade of bellwether Infosys by UBS. TVS Electronics and Union Bank will reveal their March quarter report card today.
Most US stocks closed higher on Wednesday after Fed Chairman Janet Yellen stressed on the case for continued stimulus support for the US economy. Yellen backed a high degree of monetary accommodation to spur economic growth as inflation and employment remain below the central bank’s goals. She insisted that the Fed’s key benchmark interest rate is likely to stay near zero for a considerable time period even after the central bank fully winds up QE. Sentiment was also boosted after consumer credit in the US rose at the fastest pace in more than a year in March 2014, signaling a pickup in consumer spending, going forward. US consumer credit climbed USD 17.5 billion in March 2014 over the previous month. However, internet stocks tumbled led by Groupon after profits and sales trailed estimates in the March quarter. The Dow Jones Industrial Average ended higher, the Nasdaq Composite closed lower and the S&P 500 advanced.
The FIIs on 07/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 1718.40 Crore and gross debt purchased stood at Rs. 540.70 Crore, while the gross equity sold stood at Rs. 1642.40 Crore and gross debt sold stood at Rs. 403.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 76.00 Crore and Rs. 137.20 crore.
Top traded Volumes on NSE Nifty – NTPC Ltd. 9144185.00, DLF Ltd. 8856565.00, Bharti Airtel Ltd. 5881938.00, IDFC Ltd. 5362047.00 and ICICI Bank Ltd. 5150741.00.
On BSE, total number of shares traded was 29.93 Crore and total turnover stood at Rs. 2789.65 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 307857 with a total turnover of Rs. 10223.04 Crore. Along with this total number of contracts traded in stock futures were 579542 with a total turnover of Rs. 18285.75 Crore. Total numbers of contracts for index options were 983539 with a total turnover of Rs. 34101.20 Crore and total numbers of contracts for stock options were 169241 with a total turnover of Rs. 5601.24 Crore.
