Pre-Market: Market to open on a marginally positive note 04/06/2014

Pre-Market: Market to open on a marginally positive note
04/06/2014 08:36
The Indian markets are likely to open on a marginally higher note extending the gains from the previous session wherein the markets closed at record highs. Mostly negative global cues may drag the markets and the market looks susceptible to profit booking at higher levels. The investors will be eying the HSBC Manufacturing PMI for further cues of trading.

Asian stocks fell, as the dollar strengthened against most peers and industrial metals declined before U.S. jobs data and trade reports. The market seems to be pricing the jobs data for any kind of further movement. NIKKEI is trading higher getting tailwind from a weaker Yen. Meanwhile, more signs of a bounce in China's growth, coupled with signals of further targeted monetary easing have helped Chinese equities reverse most of the losses for previous sessions.

After turning in a relatively lackluster performance throughout much of the session, stocks on the Wall Street ended Tuesday's trading modestly lower. The markets continued to experience choppy trading after ending the previous session mixed. Profit taking contributed to the modest weakness on Wall Street as traders seemed reluctant to make any significant moves ahead of the European Central Bank meeting on Thursday and the release of the closely watched monthly U.S. jobs report on Friday. The major averages closed in negative territory but well off their lows for the session. The Dow dipped 21.29 points or 0.1 percent to 16,722.34, the NASDAQ edged down 3.12 points or 0.1 percent to 4,234.08 and the S&P 500 slipped 0.73 points or less than a tenth of a percent to 1,924.24.

Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 23276134.00, DLF Ltd. 18963755.00, Jindal Steel & Power Ltd. 18109270.00, Sesa Sterlite Ltd. 14785369.00, NTPC Ltd. 14562150.00,

On NSE, total number of shares traded was 130.86 Crore and total turnover stood at Rs. 21570.93 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 422864 with a total turnover of Rs. 15802.31 Crore. Along with this total number of contracts traded in stock futures were 937222 with a total turnover of Rs. 36932.34 Crore. Total numbers of contracts for index options were 2956791 with a total turnover of Rs. 109793.59 Crore. and total numbers of contracts for stock options were 299856 with a total turnover of Rs. 11983.30 Crore.

The FIIs on 02/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 17370.90 Crore and gross debt purchased stood at Rs. 3838.60 Crore, while the gross equity sold stood at Rs. 14285.50 Crore and gross debt sold stood at Rs. 2944.30 Crore. Therefore, the net investment of equity and debt reported were Rs. 3085.40 Crore and Rs. 894.30