Pre-Market: Markets set to see a steady start
10/06/2014 07:35
SGX Nifty directs a firm opening on the Indian bourses. After witnessing a continued buying momentum, the markets are likely to witness some profit booking at higher levels during the later trade hours as the market seems overbought. Following positive cues from the global peers, Indian markets will however sustain optimism. The market momentum will be shaped by FIIs behavior as well who have invested ~1 lakh crore rupees in 2014 alone driven by positivity about the reform –oriented government. Moreover, the markets will look forward to China’s CPI data amid lack of any major cues from the market. Meanwhile, focus will be on Maruti Suzuki stocks as Maruti made presentation to investors on Gujarat unit providing more clarity on the Gujarat plant agreement with Suzuki. The company says that they will earn Rs 10500 crores in first 15 years from surplus cash not invested into Gujarat plant.
Asian stocks are trading firmly in the positive territory ahead of the release of CPI numbers in China. China is set to release May figures for consumer and producer prices. Consumer prices are expected to have risen 2.4 percent on year after gaining 1.8 percent in April. Producer prices are called lower by 1.5 percent after dipping 2.0 percent in the previous month. The lead from Wall Street is slightly positive as stocks finished slightly higher on Monday, extending the recent upward move by the markets, with the Dow and the S&P 500 again reaching new record closing highs.
Stocks showed a lack of direction over the course of the trading day on Monday but managed to end the day modestly higher. The slim gains on the day extended a recent upward move by the markets, with the Dow and the S&P 500 reaching new record closing highs. The major averages all closed in positive territory but off their best levels of the day. The Dow inched up 18.82 points or 0.1 percent to 16,943.10, the NASDAQ rose 14.84 points or 0.3 percent to 4,336.24 and the S&P 500 edged up 1.83 points or 0.1 percent to 1,951.27. The modestly higher close on Wall Street partly reflected the recent upward momentum for the markets, with the major averages extending the upward trend seen over the past month. Positive sentiment was also generated by upbeat economic data from Japan and China, which led to optimism about the global economy.
Top traded Volumes on NSE Nifty – Power Grid Corporation of India Ltd. 23568839.00, NTPC Ltd. 21554240.00, Tata Power Company Ltd. 15412309.00, DLF Ltd. 14522467.00, IDFC Ltd. 12527061.00,
On NSE, total number of shares traded was 193.71 Crore and total turnover stood at Rs. 26169.37 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 388624 with a total turnover of Rs. 14964.19 Crore. Along with this total number of contracts traded in stock futures were 1027777 with a total turnover of Rs. 41119.70 Crore. Total numbers of contracts for index options were 3265824 with a total turnover of Rs. 124722.57 Crore. and total numbers of contracts for stock options were 370340 with a total turnover of Rs. 15022.37 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
10/06/2014 07:35
SGX Nifty directs a firm opening on the Indian bourses. After witnessing a continued buying momentum, the markets are likely to witness some profit booking at higher levels during the later trade hours as the market seems overbought. Following positive cues from the global peers, Indian markets will however sustain optimism. The market momentum will be shaped by FIIs behavior as well who have invested ~1 lakh crore rupees in 2014 alone driven by positivity about the reform –oriented government. Moreover, the markets will look forward to China’s CPI data amid lack of any major cues from the market. Meanwhile, focus will be on Maruti Suzuki stocks as Maruti made presentation to investors on Gujarat unit providing more clarity on the Gujarat plant agreement with Suzuki. The company says that they will earn Rs 10500 crores in first 15 years from surplus cash not invested into Gujarat plant.
Asian stocks are trading firmly in the positive territory ahead of the release of CPI numbers in China. China is set to release May figures for consumer and producer prices. Consumer prices are expected to have risen 2.4 percent on year after gaining 1.8 percent in April. Producer prices are called lower by 1.5 percent after dipping 2.0 percent in the previous month. The lead from Wall Street is slightly positive as stocks finished slightly higher on Monday, extending the recent upward move by the markets, with the Dow and the S&P 500 again reaching new record closing highs.
Stocks showed a lack of direction over the course of the trading day on Monday but managed to end the day modestly higher. The slim gains on the day extended a recent upward move by the markets, with the Dow and the S&P 500 reaching new record closing highs. The major averages all closed in positive territory but off their best levels of the day. The Dow inched up 18.82 points or 0.1 percent to 16,943.10, the NASDAQ rose 14.84 points or 0.3 percent to 4,336.24 and the S&P 500 edged up 1.83 points or 0.1 percent to 1,951.27. The modestly higher close on Wall Street partly reflected the recent upward momentum for the markets, with the major averages extending the upward trend seen over the past month. Positive sentiment was also generated by upbeat economic data from Japan and China, which led to optimism about the global economy.
Top traded Volumes on NSE Nifty – Power Grid Corporation of India Ltd. 23568839.00, NTPC Ltd. 21554240.00, Tata Power Company Ltd. 15412309.00, DLF Ltd. 14522467.00, IDFC Ltd. 12527061.00,
On NSE, total number of shares traded was 193.71 Crore and total turnover stood at Rs. 26169.37 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 388624 with a total turnover of Rs. 14964.19 Crore. Along with this total number of contracts traded in stock futures were 1027777 with a total turnover of Rs. 41119.70 Crore. Total numbers of contracts for index options were 3265824 with a total turnover of Rs. 124722.57 Crore. and total numbers of contracts for stock options were 370340 with a total turnover of Rs. 15022.37 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
