Pre-market- Sensex to open flat; IIP data, Infosys results eyed 11/07/2014

Pre-market- Sensex to open flat; IIP data, Infosys results eyed
11/07/2014 08:25
The 30-share benchmark index of the Bombay Stock Exchange- Sensex is expected to open on a cautious note in the absence of any triggering cues. After the Union Budget 2014-15 failed to impress markets, investors will eye Infosys, which is set to announce results for April-June quarter. Moreover, investors will also keep an eye on IIP data for May 2014 that will be unveiled later today.

Overnight, US stocks ended lower over concerns regarding the financial health of Portugal's top listed bank. Asian markets also opened on a mixed note on Friday with Japan’s Nikkei 225 trading down by 40 points at 15,176. On the other hand, Hong Kong’s Hang Seng and China’s Shanghai Composite were trading in green, up by 42 and 10 points, respectively in the morning session. Back home, the BSE’s SENSEX closed at 25372.75, down by 72.06 points or by 0.28 per cent and the NSE’s wide-based Nifty ended at 7567.75, down by 17.25 points or by 0.23 per cent in the previous trading session.

On BSE, total number of shares traded was 42.91 Crore and total turnover stood at Rs. 5134.93 Crore. The FIIs on 10/07/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4556.42 Crore and gross debt purchased stood at Rs. 967.49 Crore, while the gross equity sold stood at Rs. 3731.83 Crore and gross debt sold stood at Rs. 381.06 Crore. Therefore, the net investment of equity and debt reported were Rs. 824.59 Crore and Rs. 586.43.