Pre Session- Sensex may open lower on weak global cues
The key domestic benchmarks may open lower today tracking a bearish trend in Asian stocks and a negative closing at Wall Street overnight. Asian stocks came under some heavy selling pressure today as a slowdown in China’s services sector added to growth concerns in the world’s second biggest economy while investors remained cautious ahead of Federal Reserve Chairman Janet Yellen’s speech today where she may offer further cues over the Fed’s plans to raise interest rates. China’s Shanghai Composite fell after the gauge measuring China’s services activity declined to 51.4 in April from 51.9 in the previous month, with a reading above 50 signaling expansion. Hang Seng fell while Japan’s Nikkei 225 tumbled as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may be in consolidation mode after two straight days of gains as caution persists ahead of election results. Investors will be eying the Q4 earnings number of pharma major Lupin. The stock of mortgage lender HDFC may be in focus after the company reported a strong 11 per cent growth in its net profit at Rs 1,723 crore in Q4 FY 2013-14 as margins improved.
US stocks ended lower on Tuesday amid a sell-off in internet companies led by Twitter Inc. Social networking company Twitter Inc. slumped by 18 per cent after nearly 480 million shares from investors became eligible for sale, more than four times the current amount available for trading. Investors weighed mixed US data as a fall in economic optimism was offset by a narrowing trade shortfall. US trade gap shrank in March as exports rose at the fastest pace in nine months, supporting the outlook for the world’s biggest economy. US trade deficit narrowed by 3.6 per cent to USD 40.4 billion in March from USD 41.9 billion in the previous month. The IBD/TIPP Economic Optimism index fell to 45.8 this month from 48 in April. Worries over Ukraine continued as a new commander of the ground forces was named by the country’s president amidst rising death toll as the military pushes to dislodge pro-Russian separatists from Ukraine’s eastern region. France warned Russia that Europe would continue to pressure Moscow to let Ukraine hold a May 25 presidential election and if Russia aims to prevent the vote, it may lead to chaos and civil war in Ukraine. All three of the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 ended lower.
The FIIs on 06/05/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 2235.20 Crore and gross debt purchased stood at Rs. 528.20 Crore, while the gross equity sold stood at Rs. 1906.70 Crore and gross debt sold stood at Rs. 579.90 Crore. Therefore, the net investment of equity and debt reported were Rs. 328.50 Crore and Rs. -51.70 crore.
Top traded Volumes on NSE Nifty – DLF Ltd. 8651800.00, ITC Ltd. 4992019.00, IDFC Ltd. 4599516.00, Hindalco Industries Ltd. 4170017.00 and NTPC Ltd. 3783435.00.
On BSE, total number of shares traded was 20.40 Crore and total turnover stood at Rs. 1958.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 204734 with a total turnover of Rs. 6831.99 Crore. Along with this total number of contracts traded in stock futures were 482978 with a total turnover of Rs. 15006.68 Crore. Total numbers of contracts for index options were 809884 with a total turnover of Rs. 28031.07 Crore and total numbers of contracts for stock options were 142666 with a total turnover of Rs. 4615.12 Crore.
The key domestic benchmarks may open lower today tracking a bearish trend in Asian stocks and a negative closing at Wall Street overnight. Asian stocks came under some heavy selling pressure today as a slowdown in China’s services sector added to growth concerns in the world’s second biggest economy while investors remained cautious ahead of Federal Reserve Chairman Janet Yellen’s speech today where she may offer further cues over the Fed’s plans to raise interest rates. China’s Shanghai Composite fell after the gauge measuring China’s services activity declined to 51.4 in April from 51.9 in the previous month, with a reading above 50 signaling expansion. Hang Seng fell while Japan’s Nikkei 225 tumbled as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may be in consolidation mode after two straight days of gains as caution persists ahead of election results. Investors will be eying the Q4 earnings number of pharma major Lupin. The stock of mortgage lender HDFC may be in focus after the company reported a strong 11 per cent growth in its net profit at Rs 1,723 crore in Q4 FY 2013-14 as margins improved.
US stocks ended lower on Tuesday amid a sell-off in internet companies led by Twitter Inc. Social networking company Twitter Inc. slumped by 18 per cent after nearly 480 million shares from investors became eligible for sale, more than four times the current amount available for trading. Investors weighed mixed US data as a fall in economic optimism was offset by a narrowing trade shortfall. US trade gap shrank in March as exports rose at the fastest pace in nine months, supporting the outlook for the world’s biggest economy. US trade deficit narrowed by 3.6 per cent to USD 40.4 billion in March from USD 41.9 billion in the previous month. The IBD/TIPP Economic Optimism index fell to 45.8 this month from 48 in April. Worries over Ukraine continued as a new commander of the ground forces was named by the country’s president amidst rising death toll as the military pushes to dislodge pro-Russian separatists from Ukraine’s eastern region. France warned Russia that Europe would continue to pressure Moscow to let Ukraine hold a May 25 presidential election and if Russia aims to prevent the vote, it may lead to chaos and civil war in Ukraine. All three of the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 ended lower.
The FIIs on 06/05/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 2235.20 Crore and gross debt purchased stood at Rs. 528.20 Crore, while the gross equity sold stood at Rs. 1906.70 Crore and gross debt sold stood at Rs. 579.90 Crore. Therefore, the net investment of equity and debt reported were Rs. 328.50 Crore and Rs. -51.70 crore.
Top traded Volumes on NSE Nifty – DLF Ltd. 8651800.00, ITC Ltd. 4992019.00, IDFC Ltd. 4599516.00, Hindalco Industries Ltd. 4170017.00 and NTPC Ltd. 3783435.00.
On BSE, total number of shares traded was 20.40 Crore and total turnover stood at Rs. 1958.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 204734 with a total turnover of Rs. 6831.99 Crore. Along with this total number of contracts traded in stock futures were 482978 with a total turnover of Rs. 15006.68 Crore. Total numbers of contracts for index options were 809884 with a total turnover of Rs. 28031.07 Crore and total numbers of contracts for stock options were 142666 with a total turnover of Rs. 4615.12 Crore.
