Pre-market: Negative global cues likely to drag markets 06/08/2014

Pre-market: Negative global cues likely to drag markets
06/08/2014 08:23
The 30-share barometer index, Sensex is expected to open in red on Wednesday tracking negative cues from the global markets. In the overnight trading, US stocks ended lower over geopolitical concerns, following which all the Asian markets were awash in red on Wednesday morning. Japan’s Nikkei 225 was down by 152 points at 15,167; Hong Kong’s Hang Seng was at 24,430, down by 217 points; China’s Shanghai Composite was at 2,193, down by 23 points; and Singapore’s Straits Times at down by nearly 7 points at 3,320.

Back home, in the previous trading session, the country’s central bank kept its interest rates unchanged as expected, following which the markets closed higher. The BSE’s SENSEX closed at 25,908.01, up by 184.85 points or by 0.72 per cent, and the NSE’s wide-based Nifty ended at 7,746.55, up by 62.9 points or by 0.82 per cent on Tuesday.

On BSE, total number of shares traded was 26.76 Crore and total turnover stood at Rs. 2991.33 Crore.

The FIIs on 05/08/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4240.92 Crore and gross debt purchased stood at Rs. 545.39 Crore, while the gross equity sold stood at Rs. 3813.89 Crore and gross debt sold stood at Rs. 1661.39 Crore. Therefore, the net investment of equity and debt reported were Rs. 427.03 Crore and Rs. -1116.00.