Pre-Session –Market seen opening flat; TCS Q1 earnings eyed
17/07/2014 08:16
Tracking mixed cues from Asian peers, the domestic equity market is likely to open on a flat note on Thursday. Even, Nifty India stock futures in Singapore were trading marginally lower, signaling a flat opening for the domestic bourses. On the global front, Asian peers were trading mix to higher helped by gains in material and industrial shares. In overnight trading, Wall Street ended higher on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on corporate earnings results of India's largest software exporter TCS which will unveil its result today.
On Wednesday, the Indian benchmark indices closed higher, extending gains for second day, supported by gains in rate-sensitive financial and realty stocks, led by ICICI Bank, Axis Bank, Unitech and DLF, after RBI exempted long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects. Investors reacted positively to the RBI announcement as the move will boost infrastructure development and affordable housing.
The BSE SENSEX closed at 25549.72 up by 321.07 points or by 1.27 per cent, while the NSE Nifty ended at 7624.4 up by 97.75 points or by 1.3 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 25602.78 and intraday low of 25246.75, while the NSE Nifty touched intraday high of 7640.1 and intraday low of 7532.45.
Banks can issue long-term bonds with a minimum maturity of seven years to raise resources for lending to (i) long term projects in infrastructure sub-sectors, and (ii) affordable housing," the Reserve Bank said in a statement. The central bank said it intends to "ease the way for banks to raise long term resources to finance their long term loans to infrastructure as well as affordable housing".
Outperforming the benchmark indices, the broader market ended higher. The BSE MIDCAP closed at 9165.92 up by 121 points or by 1.34 per cent, while the BSE SMLCAP closed at 10057.37 up by 201.37 points or by 2.04 per cent.
On the Sectoral front, realty and banking indices gained 4.28 per cent and 2.5 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3182, shares advanced were 2062 while 1004 shares declined and 116 were unchanged.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 1459.05,+4.70%), Hindalco Industries Ltd. (Rs. 181.65,+4.19%), Axis Bank Ltd. (Rs. 1965.25,+3.57%), Tata Steel Ltd. (Rs. 542.70,+3.13%), Sesa Sterlite Ltd. (Rs. 296.65,+2.97%), among others.
On the flip side, GAIL (India) Ltd. (Rs. 457.10,-0.96%), Bajaj Auto Ltd. (Rs. 2140.25,-0.85%), Wipro Ltd. (Rs. 535.45,-0.34%), Cipla Ltd. (Rs. 431.80,-0.27%), Dr. Reddy's Laboratories Ltd. (Rs. 2635.05,-0.21%), were among notable losers on BSE.
As the budget euphoria reaching end, the FIIs turned net seller in both debt and equity market. Gross equity purchased stood at Rs. 3024.89 Crore and gross debt purchased stood at Rs. 229.73 Crore, while the gross equity sold stood at Rs. 3025.45 Crore and gross debt sold stood at Rs. 452.71 Crore. Therefore, the net investment of equity and debt reported were Rs. -0.56 Crore and Rs. -222.98.
Top traded Volumes on NSE Nifty were IDFC Ltd. 45275354.00, DLF Ltd. 11121811.00, Hindalco Industries Ltd. 10109551.00, NTPC Ltd. 6549523.00, ICICI Bank Ltd. 6303025.00.
On NSE, total number of shares traded was 96.87 Crore and total turnover stood at Rs. 17702.16 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 449047 with a total turnover of Rs. 17036.45 Crore. Along with this total number of contracts traded in stock futures were 827361 with a total turnover of Rs. 31814.30 Crore. Total numbers of contracts for index options were 4094919 with a total turnover of Rs. 155472.00 Crore and total numbers of contracts for stock options were 345718 with a total turnover of Rs. 13333.78 Crore.
17/07/2014 08:16
Tracking mixed cues from Asian peers, the domestic equity market is likely to open on a flat note on Thursday. Even, Nifty India stock futures in Singapore were trading marginally lower, signaling a flat opening for the domestic bourses. On the global front, Asian peers were trading mix to higher helped by gains in material and industrial shares. In overnight trading, Wall Street ended higher on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on corporate earnings results of India's largest software exporter TCS which will unveil its result today.
On Wednesday, the Indian benchmark indices closed higher, extending gains for second day, supported by gains in rate-sensitive financial and realty stocks, led by ICICI Bank, Axis Bank, Unitech and DLF, after RBI exempted long term bonds from mandatory regulatory norms like CRR and SLR if the money raised is used for funding of such projects. Investors reacted positively to the RBI announcement as the move will boost infrastructure development and affordable housing.
The BSE SENSEX closed at 25549.72 up by 321.07 points or by 1.27 per cent, while the NSE Nifty ended at 7624.4 up by 97.75 points or by 1.3 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 25602.78 and intraday low of 25246.75, while the NSE Nifty touched intraday high of 7640.1 and intraday low of 7532.45.
Banks can issue long-term bonds with a minimum maturity of seven years to raise resources for lending to (i) long term projects in infrastructure sub-sectors, and (ii) affordable housing," the Reserve Bank said in a statement. The central bank said it intends to "ease the way for banks to raise long term resources to finance their long term loans to infrastructure as well as affordable housing".
Outperforming the benchmark indices, the broader market ended higher. The BSE MIDCAP closed at 9165.92 up by 121 points or by 1.34 per cent, while the BSE SMLCAP closed at 10057.37 up by 201.37 points or by 2.04 per cent.
On the Sectoral front, realty and banking indices gained 4.28 per cent and 2.5 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3182, shares advanced were 2062 while 1004 shares declined and 116 were unchanged.
The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 1459.05,+4.70%), Hindalco Industries Ltd. (Rs. 181.65,+4.19%), Axis Bank Ltd. (Rs. 1965.25,+3.57%), Tata Steel Ltd. (Rs. 542.70,+3.13%), Sesa Sterlite Ltd. (Rs. 296.65,+2.97%), among others.
On the flip side, GAIL (India) Ltd. (Rs. 457.10,-0.96%), Bajaj Auto Ltd. (Rs. 2140.25,-0.85%), Wipro Ltd. (Rs. 535.45,-0.34%), Cipla Ltd. (Rs. 431.80,-0.27%), Dr. Reddy's Laboratories Ltd. (Rs. 2635.05,-0.21%), were among notable losers on BSE.
As the budget euphoria reaching end, the FIIs turned net seller in both debt and equity market. Gross equity purchased stood at Rs. 3024.89 Crore and gross debt purchased stood at Rs. 229.73 Crore, while the gross equity sold stood at Rs. 3025.45 Crore and gross debt sold stood at Rs. 452.71 Crore. Therefore, the net investment of equity and debt reported were Rs. -0.56 Crore and Rs. -222.98.
Top traded Volumes on NSE Nifty were IDFC Ltd. 45275354.00, DLF Ltd. 11121811.00, Hindalco Industries Ltd. 10109551.00, NTPC Ltd. 6549523.00, ICICI Bank Ltd. 6303025.00.
On NSE, total number of shares traded was 96.87 Crore and total turnover stood at Rs. 17702.16 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 449047 with a total turnover of Rs. 17036.45 Crore. Along with this total number of contracts traded in stock futures were 827361 with a total turnover of Rs. 31814.30 Crore. Total numbers of contracts for index options were 4094919 with a total turnover of Rs. 155472.00 Crore and total numbers of contracts for stock options were 345718 with a total turnover of Rs. 13333.78 Crore.
