Pre-Session –Market seen opening higher on firm global cues
15/07/2014 08:13
Tracking firm cues from Asian peers, the domestic equity market is likely to open on a positive note on Tuesday. The Asian stocks are trading on a upbeat note after Citigroup’s earnings top’s analyst estiames, indicating that earnings growth can sustain further gains in shares. Back home, investors will keep an eye on corporate earnings results which may set the direction for markets. However, uncertainty over General Anti-Avoidance Rules (GAAR) implementation may keep foreign investor away from market, who had remained bullish to Indian market in the recent past. Though, Minister of state for finance Nirmala Sitharaman has said that GAAR would become applicable from April 1, 2015, but some brokers were hoping that GAAR would be deferred to 2017, which may spooked the stock markets.
On Monday, the Dalal-Street closed lower for the fifth consecutive session on a trot as persistent worries about the health of Europe’s banking system along with lingering disappointment over the Union Budget spooked investors, prompting them to sell off equity. On the sectoral front, gains in capital goods, select financials and oil & gas sectors, were offset by losses in consumer durables, IT, metal and healthcare shares. Among the individual stocks, Sesa Sterlite, Infosys, Wipro, Bharti Airtel and HUL ended in red while Hindalco, Tata Power, Axis Bank, Tata Steel, Axis Bank and ONGC managed to settle in green.
The BSE SENSEX closed at 25006.98 down by 17.37 points or by 0.07 per cent, while the NSE Nifty ended at 7454.15 down by 5.45 points or by 0.07 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 25095.76 and intraday low of 24892, while the NSE Nifty touched intraday high of 7478.45 and intraday low of 7422.15.
Even, the broader market also lost ground in line with benchmark indices. The BSE MIDCAP closed at 8873.7 down by 1.54 points or by 0.02 per cent, while the BSE SMLCAP ended at 9642.46 down by 45.65 points or by 0.47 per cent.
On the Sectoral front, consumer durables and IT indices declined 2.24 per cent and 1.25 per cent, respectively.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3057, shares advanced were 1192 while 1737 shares declined and 128 were unchanged.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 3227.00,-2.97%), Hindustan Unilever Ltd. (Rs. 622.00,-2.95%), Wipro Ltd. (Rs. 541.80,-1.95%), Sesa Sterlite Ltd. (Rs. 289.90,-1.28%), NTPC Ltd. (Rs. 147.75,-1.27%), among others.
On the flip side, Hindalco Industries Ltd. (Rs. 173.35,+4.15%), Tata Power Company Ltd. (Rs. 104.70,+2.80%), Tata Steel Ltd. (Rs. 513.95,+2.60%), Tata Motors Ltd. (Rs. 456.25,+2.41%), Axis Bank Ltd. (Rs. 1846.70,+1.68%), were among notable gainers on BSE.
The FIIs continued to support both equity and debt market and stood as net buyer in both the markets. Gross equity purchased stood at Rs. 5617.74 Crore and gross debt purchased stood at Rs. 766.49 Crore, while the gross equity sold stood at Rs. 4321.61 Crore and gross debt sold stood at Rs. 370.01 Crore. Therefore, the net investment of equity and debt reported were Rs. 1296.13 Crore and Rs. 396.48.
Top traded Volumes on NSE Nifty were Sesa Sterlite Ltd. 14543780.00, IDFC Ltd. 12287646.00, DLF Ltd. 9911224.00, NTPC Ltd. 9617203.00, Tata Steel Ltd. 7659509.00.
On NSE, total number of shares traded was 77.43 Crore and total turnover stood at Rs. 13752.58 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 309147 with a total turnover of Rs. 11455.00 Crore. Along with this total number of contracts traded in stock futures were 603393 with a total turnover of Rs. 23148.92 Crore. Total numbers of contracts for index options were 2966196 with a total turnover of Rs. 112074.66 Crore and total numbers of contracts for stock options were 273447 with a total turnover of Rs. 10765.02 Crore.
15/07/2014 08:13
Tracking firm cues from Asian peers, the domestic equity market is likely to open on a positive note on Tuesday. The Asian stocks are trading on a upbeat note after Citigroup’s earnings top’s analyst estiames, indicating that earnings growth can sustain further gains in shares. Back home, investors will keep an eye on corporate earnings results which may set the direction for markets. However, uncertainty over General Anti-Avoidance Rules (GAAR) implementation may keep foreign investor away from market, who had remained bullish to Indian market in the recent past. Though, Minister of state for finance Nirmala Sitharaman has said that GAAR would become applicable from April 1, 2015, but some brokers were hoping that GAAR would be deferred to 2017, which may spooked the stock markets.
On Monday, the Dalal-Street closed lower for the fifth consecutive session on a trot as persistent worries about the health of Europe’s banking system along with lingering disappointment over the Union Budget spooked investors, prompting them to sell off equity. On the sectoral front, gains in capital goods, select financials and oil & gas sectors, were offset by losses in consumer durables, IT, metal and healthcare shares. Among the individual stocks, Sesa Sterlite, Infosys, Wipro, Bharti Airtel and HUL ended in red while Hindalco, Tata Power, Axis Bank, Tata Steel, Axis Bank and ONGC managed to settle in green.
The BSE SENSEX closed at 25006.98 down by 17.37 points or by 0.07 per cent, while the NSE Nifty ended at 7454.15 down by 5.45 points or by 0.07 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 25095.76 and intraday low of 24892, while the NSE Nifty touched intraday high of 7478.45 and intraday low of 7422.15.
Even, the broader market also lost ground in line with benchmark indices. The BSE MIDCAP closed at 8873.7 down by 1.54 points or by 0.02 per cent, while the BSE SMLCAP ended at 9642.46 down by 45.65 points or by 0.47 per cent.
On the Sectoral front, consumer durables and IT indices declined 2.24 per cent and 1.25 per cent, respectively.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3057, shares advanced were 1192 while 1737 shares declined and 128 were unchanged.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 3227.00,-2.97%), Hindustan Unilever Ltd. (Rs. 622.00,-2.95%), Wipro Ltd. (Rs. 541.80,-1.95%), Sesa Sterlite Ltd. (Rs. 289.90,-1.28%), NTPC Ltd. (Rs. 147.75,-1.27%), among others.
On the flip side, Hindalco Industries Ltd. (Rs. 173.35,+4.15%), Tata Power Company Ltd. (Rs. 104.70,+2.80%), Tata Steel Ltd. (Rs. 513.95,+2.60%), Tata Motors Ltd. (Rs. 456.25,+2.41%), Axis Bank Ltd. (Rs. 1846.70,+1.68%), were among notable gainers on BSE.
The FIIs continued to support both equity and debt market and stood as net buyer in both the markets. Gross equity purchased stood at Rs. 5617.74 Crore and gross debt purchased stood at Rs. 766.49 Crore, while the gross equity sold stood at Rs. 4321.61 Crore and gross debt sold stood at Rs. 370.01 Crore. Therefore, the net investment of equity and debt reported were Rs. 1296.13 Crore and Rs. 396.48.
Top traded Volumes on NSE Nifty were Sesa Sterlite Ltd. 14543780.00, IDFC Ltd. 12287646.00, DLF Ltd. 9911224.00, NTPC Ltd. 9617203.00, Tata Steel Ltd. 7659509.00.
On NSE, total number of shares traded was 77.43 Crore and total turnover stood at Rs. 13752.58 Crore.
In the NSE F&O segment, total number of contracts traded in index futures was 309147 with a total turnover of Rs. 11455.00 Crore. Along with this total number of contracts traded in stock futures were 603393 with a total turnover of Rs. 23148.92 Crore. Total numbers of contracts for index options were 2966196 with a total turnover of Rs. 112074.66 Crore and total numbers of contracts for stock options were 273447 with a total turnover of Rs. 10765.02 Crore.
