Pre-Market: Markets set to open higher
03/06/2014 08:23
The Indian markets after a bumper rise in yesterday’s trade are likely to witness a positive opening. The markets will see high trading activity as the investors get ready to digest the RBI’s decision on the monetary policy of the country, which is mostly expected to remain unchanged. Banking stocks will attain focus again. Meanwhile, Japanese Stocks are trading higher banking on the weakness in Yen and overnight gains on Wall Street aiding investor sentiment. Stocks in Hong Kong and mainland China resume trading today after a holiday. Major news driving today’s trade is the data of activity in China's non-manufacturing sector increased in May at a slightly faster rate than in the previous month, according to official data. A statement from the China Federation of Logistics and Purchasing said China's non-manufacturing purchasing managers' index (PMI) printed at 55.5 in May, after a read of 54.8 in April.
Wall Street saw major averages rise above the unchanged line in yesterday’s trade. While the NASDAQ edged down 5.42 points or 0.1 percent to 4,237.20, the Dow rose 26.46 points or 0.2 percent to 16,743.63 and the S&P 500 inched up 1.40 points or 0.1 percent to 1,924.97. Early weakness surrounded Wall Street due to the release of a report from the Institute for Supply Management showing an unexpected slowdown in the pace of growth in the manufacturing sector in the month of May. The report generated some uncertainty about the strength of the economic recovery from the weather-induced weakness seen earlier in the year. However, stocks climbed well off their lows after ISM revealed that the data was incorrect due to a series of technical glitches. Corrected data from the ISM showed that the purchasing managers index inched up to 55.4 in May from 54.9 in April, with a reading above 50 indicating growth in the manufacturing sector. The latest reading was nearly in line with economist estimates of 55.5.
Top traded Volumes on NSE Nifty – NTPC Ltd. 19302437.00, DLF Ltd. 15178797.00, Hindalco Industries Ltd. 13844656.00, Tata Power Company Ltd. 7961792.00, Power Grid Corporation of India Ltd. 7519140.00. On NSE, total number of shares traded was 109.22 Crore and total turnover stood at Rs. 17717.69 Crore. On NSE Future and Options, total number of contracts traded in index futures was 370244 with a total turnover of Rs. 13697.27 Crore. Along with this total number of contracts traded in stock futures were 806582 with a total turnover of Rs. 31123.50 Crore. Total numbers of contracts for index options were 2100308 with a total turnover of Rs. 77300.38 Crore. and total numbers of contracts for stock options were 281736 with a total turnover of Rs. 10925.72 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
03/06/2014 08:23
The Indian markets after a bumper rise in yesterday’s trade are likely to witness a positive opening. The markets will see high trading activity as the investors get ready to digest the RBI’s decision on the monetary policy of the country, which is mostly expected to remain unchanged. Banking stocks will attain focus again. Meanwhile, Japanese Stocks are trading higher banking on the weakness in Yen and overnight gains on Wall Street aiding investor sentiment. Stocks in Hong Kong and mainland China resume trading today after a holiday. Major news driving today’s trade is the data of activity in China's non-manufacturing sector increased in May at a slightly faster rate than in the previous month, according to official data. A statement from the China Federation of Logistics and Purchasing said China's non-manufacturing purchasing managers' index (PMI) printed at 55.5 in May, after a read of 54.8 in April.
Wall Street saw major averages rise above the unchanged line in yesterday’s trade. While the NASDAQ edged down 5.42 points or 0.1 percent to 4,237.20, the Dow rose 26.46 points or 0.2 percent to 16,743.63 and the S&P 500 inched up 1.40 points or 0.1 percent to 1,924.97. Early weakness surrounded Wall Street due to the release of a report from the Institute for Supply Management showing an unexpected slowdown in the pace of growth in the manufacturing sector in the month of May. The report generated some uncertainty about the strength of the economic recovery from the weather-induced weakness seen earlier in the year. However, stocks climbed well off their lows after ISM revealed that the data was incorrect due to a series of technical glitches. Corrected data from the ISM showed that the purchasing managers index inched up to 55.4 in May from 54.9 in April, with a reading above 50 indicating growth in the manufacturing sector. The latest reading was nearly in line with economist estimates of 55.5.
Top traded Volumes on NSE Nifty – NTPC Ltd. 19302437.00, DLF Ltd. 15178797.00, Hindalco Industries Ltd. 13844656.00, Tata Power Company Ltd. 7961792.00, Power Grid Corporation of India Ltd. 7519140.00. On NSE, total number of shares traded was 109.22 Crore and total turnover stood at Rs. 17717.69 Crore. On NSE Future and Options, total number of contracts traded in index futures was 370244 with a total turnover of Rs. 13697.27 Crore. Along with this total number of contracts traded in stock futures were 806582 with a total turnover of Rs. 31123.50 Crore. Total numbers of contracts for index options were 2100308 with a total turnover of Rs. 77300.38 Crore. and total numbers of contracts for stock options were 281736 with a total turnover of Rs. 10925.72 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
