Pre-market: Markets to witness flat opening
13/06/2014 07:44
Domestic bourses are likely to open in flat and look wobbly for the rest of the day driven by weakness in the global counterparts and SGX NIFTY. The concerns of rising oil prices add to the global woes as geo-political worries in Iraq have surrounded the economies. Back home, release of IIP and May CPI numbers might give the investors a reason to rejoice to some extent. Albeit, Consumer inflation dropped in May to 8.28% while industrial growth rose to a seven month high 3.4%. Inflation is still very high for the RBI to cut rates and faces upside risk from weak monsoon. Growth is still low, has been bumped up by the low base of last year, and the quality of IIP data is suspect. In commodities, Brent crude prices moved higher owing to violence in Iraq. As anticipated, the organization of the petroleum exporting countries agreed to keep its 30 million barrels per day output ceiling unchanged for another six months.
A losing streak continued in the Asian shares amid negative cues from Wall Street. Asian markets are negative on geopolitical concerns as Islamic militants have seized control of two major cities in Iraq and are on the march toward Baghdad. The market is expected to take further damage as the situation intensifies. Shanghai Composite and NIKKEI 225 have slipped into the negative zone with a fall of 0.05% and 0.80% respectively, while Hang Seng is trading flat up by 0.13%. Meanwhile Asian market will track a slew of data to be released by China, on tap are May figures for industrial production, retail sales and fixed asset investment and the unfolding of Japan’s monetary policy.
Stocks moved notably lower over the course of the trading day on Thursday, extending the downward move seen in the previous session. Disappointing retail sales data weighed on the markets along with concerns about escalating violence in Iraq. The major averages climbed off their lows going into the close but remained firmly negative. The Dow fell 109.69 points or 0.7 percent to 16,734.19, the NASDAQ slid 34.30 points or 0.8 percent to 4,297.63 and the S&P 500 dropped 13.78 points or 0.7 percent to 1,930.11. The weakness on Wall Street was partly due to the release of a report from the Commerce Department showing that retail sales rose by less than expected in the month of May. The Commerce Department said retail sales rose by 0.3 percent in May, while economists had been expecting sales to climb by about 0.6 percent. Traders seemed to shrug off a notable upward revision to April sales, which rose by 0.5 percent compared to the 0.1 percent uptick originally reported for the month.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13367632.00, NTPC Ltd. 10358272.00, DLF Ltd. 9645873.00, Power Grid Corporation of India Ltd. 8868917.00, Oil And Natural Gas Corporation Ltd. 7771758.00,
On NSE, total number of shares traded was 119.97 Crore and total turnover stood at Rs. 18474.97 Crore. On NSE Future and Options, total number of contracts traded in index futures was 295571 with a total turnover of Rs. 11334.45 Crore. Along with this total number of contracts traded in stock futures were 751633 with a total turnover of Rs. 29333.64 Crore. Total numbers of contracts for index options were 2516018 with a total turnover of Rs. 96104.32 Crore and total numbers of contracts for stock options were 344013 with a total turnover of Rs. 13762.68 Crore.
The FIIs on 12/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5062.43 Crore and gross debt purchased stood at Rs. 1227.90 Crore, while the gross equity sold stood at Rs. 5113.54 Crore and gross debt sold stood at Rs. 604.13 Crore. Therefore, the net investment of equity and debt reported were Rs. -51.11 Crore and Rs. 623.77.
13/06/2014 07:44
Domestic bourses are likely to open in flat and look wobbly for the rest of the day driven by weakness in the global counterparts and SGX NIFTY. The concerns of rising oil prices add to the global woes as geo-political worries in Iraq have surrounded the economies. Back home, release of IIP and May CPI numbers might give the investors a reason to rejoice to some extent. Albeit, Consumer inflation dropped in May to 8.28% while industrial growth rose to a seven month high 3.4%. Inflation is still very high for the RBI to cut rates and faces upside risk from weak monsoon. Growth is still low, has been bumped up by the low base of last year, and the quality of IIP data is suspect. In commodities, Brent crude prices moved higher owing to violence in Iraq. As anticipated, the organization of the petroleum exporting countries agreed to keep its 30 million barrels per day output ceiling unchanged for another six months.
A losing streak continued in the Asian shares amid negative cues from Wall Street. Asian markets are negative on geopolitical concerns as Islamic militants have seized control of two major cities in Iraq and are on the march toward Baghdad. The market is expected to take further damage as the situation intensifies. Shanghai Composite and NIKKEI 225 have slipped into the negative zone with a fall of 0.05% and 0.80% respectively, while Hang Seng is trading flat up by 0.13%. Meanwhile Asian market will track a slew of data to be released by China, on tap are May figures for industrial production, retail sales and fixed asset investment and the unfolding of Japan’s monetary policy.
Stocks moved notably lower over the course of the trading day on Thursday, extending the downward move seen in the previous session. Disappointing retail sales data weighed on the markets along with concerns about escalating violence in Iraq. The major averages climbed off their lows going into the close but remained firmly negative. The Dow fell 109.69 points or 0.7 percent to 16,734.19, the NASDAQ slid 34.30 points or 0.8 percent to 4,297.63 and the S&P 500 dropped 13.78 points or 0.7 percent to 1,930.11. The weakness on Wall Street was partly due to the release of a report from the Commerce Department showing that retail sales rose by less than expected in the month of May. The Commerce Department said retail sales rose by 0.3 percent in May, while economists had been expecting sales to climb by about 0.6 percent. Traders seemed to shrug off a notable upward revision to April sales, which rose by 0.5 percent compared to the 0.1 percent uptick originally reported for the month.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13367632.00, NTPC Ltd. 10358272.00, DLF Ltd. 9645873.00, Power Grid Corporation of India Ltd. 8868917.00, Oil And Natural Gas Corporation Ltd. 7771758.00,
On NSE, total number of shares traded was 119.97 Crore and total turnover stood at Rs. 18474.97 Crore. On NSE Future and Options, total number of contracts traded in index futures was 295571 with a total turnover of Rs. 11334.45 Crore. Along with this total number of contracts traded in stock futures were 751633 with a total turnover of Rs. 29333.64 Crore. Total numbers of contracts for index options were 2516018 with a total turnover of Rs. 96104.32 Crore and total numbers of contracts for stock options were 344013 with a total turnover of Rs. 13762.68 Crore.
The FIIs on 12/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5062.43 Crore and gross debt purchased stood at Rs. 1227.90 Crore, while the gross equity sold stood at Rs. 5113.54 Crore and gross debt sold stood at Rs. 604.13 Crore. Therefore, the net investment of equity and debt reported were Rs. -51.11 Crore and Rs. 623.77.
