Pre-Market: Markets to open on a negative note
17/06/2014 07:57
Global woes suggest another mild opening for the Indian indices in today’s session. However, as the markets have witnessed a correction during last two trading sessions, there remain mild chances that markets will be susceptible to bargain hunting. Meanwhile a Credit Suisse report adds to investors’ worries as in a survey covering 3700 listed non-financial companies it said 36 per cent of the entities they had examined had interest coverage (IC) ratio of less than one, meaning their interest payment obligation is greater than what they earn from operations. In the stock specific news, shares of DLF might hog the limelight today as the company became the first estate developer to receive an ISO certification. Additionally, the bellwether IT stocks Infosys and TCS will again be in focus after yesterday’s gains. State of rupee will determine the course of direction which as of now seems further depreciating.
Asian shares are trading mixed in today’s trade. Japanese shares are trading higher amid bargain hunting, following the steepest drop in the Nikkei 225) in a month, while equities on Hang Seng fell before the Federal Reserve meets on monetary policy. Fed policy makers start their two-day meeting today, with signs of acceleration in U.S. factory output and economists predicting inflation held at a 10-month high in May. Shanghai Composite too is trading notably lower and is down by 0.44% in the early trade session.
Stocks showed a lack of direction throughout the trading day on Monday as trader weighed worries about the deteriorating security situation in Iraq against a batch of upbeat U.S. economic data. The choppy trading came on the heels of the pullback seen last week. The major averages bounced back and forth across the unchanged line before closing slightly higher. The Dow ticked up 5.27 points or less than a tenth of a per cent to 16,781.01, the NASDAQ edged up 10.45 points or 0.2 per cent to 4,321.11 and the S&P 500 inched up 1.62 points or 0.1 per cent to 1,937.78.
The modest strength seen at the close of trading partly reflected a positive reaction to better than expected readings on New York manufacturing activity, industrial production, and homebuilder confidence.
Top traded Volumes on NSE Nifty – DLF Ltd. 14114639.00, NTPC Ltd. 10401421.00, Hindalco Industries Ltd. 10365321.00, Tata Power Company Ltd. 7741071.00, Sesa Sterlite Ltd. 7364638.00.
On NSE, total number of shares traded was 111.42 Crore and total turnover stood at Rs. 18249.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 396377 with a total turnover of Rs. 14925.63 Crore. Along with this total number of contracts traded in stock futures were 837702 with a total turnover of Rs. 32570.87 Crore. Total numbers of contracts for index options were 3416200 with a total turnover of Rs. 129310.95 Crore. and total numbers of contracts for stock options were 381386 with a total turnover of Rs. 15293.40 Crore.
The FIIs on 16/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5384.39 Crore and gross debt purchased stood at Rs. 1828.09 Crore, while the gross equity sold stood at Rs. 4134.22 Crore and gross debt sold stood at Rs. 1243.69 Crore. Therefore, the net investment of equity and debt reported were Rs. 1250.17 Crore and Rs. 584.40
17/06/2014 07:57
Global woes suggest another mild opening for the Indian indices in today’s session. However, as the markets have witnessed a correction during last two trading sessions, there remain mild chances that markets will be susceptible to bargain hunting. Meanwhile a Credit Suisse report adds to investors’ worries as in a survey covering 3700 listed non-financial companies it said 36 per cent of the entities they had examined had interest coverage (IC) ratio of less than one, meaning their interest payment obligation is greater than what they earn from operations. In the stock specific news, shares of DLF might hog the limelight today as the company became the first estate developer to receive an ISO certification. Additionally, the bellwether IT stocks Infosys and TCS will again be in focus after yesterday’s gains. State of rupee will determine the course of direction which as of now seems further depreciating.
Asian shares are trading mixed in today’s trade. Japanese shares are trading higher amid bargain hunting, following the steepest drop in the Nikkei 225) in a month, while equities on Hang Seng fell before the Federal Reserve meets on monetary policy. Fed policy makers start their two-day meeting today, with signs of acceleration in U.S. factory output and economists predicting inflation held at a 10-month high in May. Shanghai Composite too is trading notably lower and is down by 0.44% in the early trade session.
Stocks showed a lack of direction throughout the trading day on Monday as trader weighed worries about the deteriorating security situation in Iraq against a batch of upbeat U.S. economic data. The choppy trading came on the heels of the pullback seen last week. The major averages bounced back and forth across the unchanged line before closing slightly higher. The Dow ticked up 5.27 points or less than a tenth of a per cent to 16,781.01, the NASDAQ edged up 10.45 points or 0.2 per cent to 4,321.11 and the S&P 500 inched up 1.62 points or 0.1 per cent to 1,937.78.
The modest strength seen at the close of trading partly reflected a positive reaction to better than expected readings on New York manufacturing activity, industrial production, and homebuilder confidence.
Top traded Volumes on NSE Nifty – DLF Ltd. 14114639.00, NTPC Ltd. 10401421.00, Hindalco Industries Ltd. 10365321.00, Tata Power Company Ltd. 7741071.00, Sesa Sterlite Ltd. 7364638.00.
On NSE, total number of shares traded was 111.42 Crore and total turnover stood at Rs. 18249.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 396377 with a total turnover of Rs. 14925.63 Crore. Along with this total number of contracts traded in stock futures were 837702 with a total turnover of Rs. 32570.87 Crore. Total numbers of contracts for index options were 3416200 with a total turnover of Rs. 129310.95 Crore. and total numbers of contracts for stock options were 381386 with a total turnover of Rs. 15293.40 Crore.
The FIIs on 16/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5384.39 Crore and gross debt purchased stood at Rs. 1828.09 Crore, while the gross equity sold stood at Rs. 4134.22 Crore and gross debt sold stood at Rs. 1243.69 Crore. Therefore, the net investment of equity and debt reported were Rs. 1250.17 Crore and Rs. 584.40
