Pre-Market: Market to open flat with a positive bias
11/06/2014 08:00
Indian bourses that closed on a flat note yesterday after a massive sell-off are likely to stage a recovery in opening. However, the upside seems limited amid lack of any major trigger today. Meanwhile the Inter-Ministerial Group will meet today to discuss the issue of bank guarantees related to 61 mines allocated to firms such as Arcelor Mittal, Tata Steel and JSPL will take place tomorrow in order to discuss the issue of Bank Guarantee in respect of the coal blocks which were reviewed in 24th IMG (Inter-Ministerial Group) meeting. Shares of these companies might hog limelight for today. Also the shares of Railway companies will stay in focus after an increase in the earnings staged by the Railways. Oil & Gas companies might gain momentum on the grounds that the concerned ministry is mulling a price hike. Additionally, NSE will auction govt. bonds worth Rs 7,152 crore (USD 1.2 billion) for overseas investors, whose total investment has crossed 90 percent of permitted limit. This is likely to affect the FIIs investment in the equity market today.
Asian indices are turning mixed as Euro slipped against most major peers and Australian bonds followed Treasuries lower before a sale of 10-year U.S. notes as platinum retreated. Meanwhile, the World Bank’s projection also contributed to downside. The World Bank’s forecast for 2014 was reduced from a January prediction of 3.2 percent, with the projection for U.S. growth cut to 2.1 percent, from 2.8 percent while China’s was lowered to 7.6 percent from 7.7 percent. The economy of Japan, Asia’s second-largest, will probably expand 1.3 percent this year, reduced from a previous forecast of 1.4 percent growth. The euro area’s 1.1 percent projection was left unchanged. Shanghai Composite is trading 0.06% up, while Hang Seng is losing 0.41% and NIKKEI 225 is trading up by 0.10%.
After moving moderately lower in early trading on Tuesday, stocks regained some ground over the course of the session before closing roughly flat. Despite the lackluster close, the Dow still ended the session at a new record closing high. The major averages all ended the day near the unchanged line, showing moves of less than a tenth of a percent. While the S&P 500 edged down 0.48 points to 1,950.79, the Dow inched up 2.82 points to 16,945.92 and the NASDAQ ticked up 1.75 points to 4,338.00. The early weakness on Wall Street was partly due to profit taking, with some traders cashing in on the recent upward trend by the market. Nonetheless, traders seemed somewhat reluctant to make any significant moves amid a lack of traditionally market-moving catalysts. News out of China helped limit the downside for the markets, as the Bank of China lowered the reserve requirement for banks advancing loans to the rural sector and small businesses by 50 basis points.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13457788.00, Power Grid Corporation of India Ltd. 12916932.00, NTPC Ltd. 11853708.00, Coal India Ltd. 11167893.00, Sesa Sterlite Ltd. 10615701.00
On NSE, total number of shares traded was 166.96 Crore and total turnover stood at Rs. 23609.74 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 377415 with a total turnover of Rs. 14429.27 Crore. Along with this total number of contracts traded in stock futures were 952176 with a total turnover of Rs. 37681.27 Crore. Total numbers of contracts for index options were 2911762 with a total turnover of Rs. 111066.44 Crore. and total numbers of contracts for stock options were 344502 with a total turnover of Rs. 13986.14 Crore.
The FIIs on 10/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5623.03 Crore and gross debt purchased stood at Rs. 4441.49 Crore, while the gross equity sold stood at Rs. 5040.01 Crore and gross debt sold stood at Rs. 1961.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 583.02 Crore and Rs. 2479.95
11/06/2014 08:00
Indian bourses that closed on a flat note yesterday after a massive sell-off are likely to stage a recovery in opening. However, the upside seems limited amid lack of any major trigger today. Meanwhile the Inter-Ministerial Group will meet today to discuss the issue of bank guarantees related to 61 mines allocated to firms such as Arcelor Mittal, Tata Steel and JSPL will take place tomorrow in order to discuss the issue of Bank Guarantee in respect of the coal blocks which were reviewed in 24th IMG (Inter-Ministerial Group) meeting. Shares of these companies might hog limelight for today. Also the shares of Railway companies will stay in focus after an increase in the earnings staged by the Railways. Oil & Gas companies might gain momentum on the grounds that the concerned ministry is mulling a price hike. Additionally, NSE will auction govt. bonds worth Rs 7,152 crore (USD 1.2 billion) for overseas investors, whose total investment has crossed 90 percent of permitted limit. This is likely to affect the FIIs investment in the equity market today.
Asian indices are turning mixed as Euro slipped against most major peers and Australian bonds followed Treasuries lower before a sale of 10-year U.S. notes as platinum retreated. Meanwhile, the World Bank’s projection also contributed to downside. The World Bank’s forecast for 2014 was reduced from a January prediction of 3.2 percent, with the projection for U.S. growth cut to 2.1 percent, from 2.8 percent while China’s was lowered to 7.6 percent from 7.7 percent. The economy of Japan, Asia’s second-largest, will probably expand 1.3 percent this year, reduced from a previous forecast of 1.4 percent growth. The euro area’s 1.1 percent projection was left unchanged. Shanghai Composite is trading 0.06% up, while Hang Seng is losing 0.41% and NIKKEI 225 is trading up by 0.10%.
After moving moderately lower in early trading on Tuesday, stocks regained some ground over the course of the session before closing roughly flat. Despite the lackluster close, the Dow still ended the session at a new record closing high. The major averages all ended the day near the unchanged line, showing moves of less than a tenth of a percent. While the S&P 500 edged down 0.48 points to 1,950.79, the Dow inched up 2.82 points to 16,945.92 and the NASDAQ ticked up 1.75 points to 4,338.00. The early weakness on Wall Street was partly due to profit taking, with some traders cashing in on the recent upward trend by the market. Nonetheless, traders seemed somewhat reluctant to make any significant moves amid a lack of traditionally market-moving catalysts. News out of China helped limit the downside for the markets, as the Bank of China lowered the reserve requirement for banks advancing loans to the rural sector and small businesses by 50 basis points.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13457788.00, Power Grid Corporation of India Ltd. 12916932.00, NTPC Ltd. 11853708.00, Coal India Ltd. 11167893.00, Sesa Sterlite Ltd. 10615701.00
On NSE, total number of shares traded was 166.96 Crore and total turnover stood at Rs. 23609.74 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 377415 with a total turnover of Rs. 14429.27 Crore. Along with this total number of contracts traded in stock futures were 952176 with a total turnover of Rs. 37681.27 Crore. Total numbers of contracts for index options were 2911762 with a total turnover of Rs. 111066.44 Crore. and total numbers of contracts for stock options were 344502 with a total turnover of Rs. 13986.14 Crore.
The FIIs on 10/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5623.03 Crore and gross debt purchased stood at Rs. 4441.49 Crore, while the gross equity sold stood at Rs. 5040.01 Crore and gross debt sold stood at Rs. 1961.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 583.02 Crore and Rs. 2479.95
