Pre Session- Sensex tipped to open lower on bearish Asia trend 22/09/2014

Pre Session- Sensex tipped to open lower on bearish Asia trend
22/09/2014 08:17
The key domestic benchmarks may open on a negative note today tracking a bearish trend in stock markets across Asia after G20 finance chiefs and central bankers stressed that low interest rates may give rise to financial market risks as leading economies depend on monetary stimulus to boost economic growth. China’s Shanghai Composite fell as the country’s Finance Minister warned that growth in the world’s second biggest economy faced downward pressure. Hang Seng tumbled while Japan’s Nikkei 225 was trading lower as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may witness volatility this week amid the expiry of the September futures and options (F&O) contracts this Thursday. Meanwhile, markets may be in consolidation mode after the longest stretch of weekly increases in over two years. In the near-term, the direction of the market will depend on the RBI policy review on September 30 where the apex back may maintain status quo on interest rates, while Prime Minister Modi’s US visit will also be keenly eyed.

Top traded Volumes on NSE Nifty – NTPC Ltd. 12167071.00, Sesa Sterlite Ltd. 10092006.00, Bharat Heavy Electricals Ltd. 9805705.00, Power Grid Corporation of India Ltd. 9634509.00 and Hindalco Industries Ltd. 8650571.00.

Pre Session- Sensex tipped to open higher; F&O expiry eyed 28/08/2014

Pre Session- Sensex tipped to open higher; F&O expiry eyed
28/08/2014 08:23
The key domestic benchmarks are likely to witness a positive opening today tracking a mostly bullish trend in Asian markets as investors bet on further monetary stimulus in the Euro area. China’s Shanghai Composite rose even as industrial profit growth weakened last month, fueling concerns over a slowdown in the world’s second biggest economy. Industrial profits in China grew 13.5 per cent in July 2014 from the same month a year ago, compared to an annual 17.9 per cent rise in June 2014. Japan’s Nikkei 225 fell as a weaker yen dimmed the appeal of exporter stocks.

Back home, a record high closing on Wednesday signaled bullish investor sentiment amid hopes that the Modi government to start delivering more on the reform front after the government raised the FDI cap in the defence sector from 26 per cent to 49 per cent. The Sensex may witness some volatility ahead of the expiry of the August Futures and Options (F&O) contracts today, and a holiday tomorrow on account of Ganesh Chaturthi. Investors will be eying the Q1 GDP data to be released tomorrow which may show that the economy expanded at the fastest pace in two years with GDP expected to have grown 5.5 per cent, year on year in the April-June period, up from an annual 4.6 per cent expansion in Q4 FY 2013-14.

Top traded Volumes on NSE Nifty – DLF Ltd. 12415660.00, Hindalco Industries Ltd. 9876204.00, Power Grid Corporation of India Ltd. 7976090.00, Oil and Natural Gas Corporation Ltd. 7286208.00 and Jindal Steel & Power Ltd. 5960364.00.

Pre Session- Sensex may open lower on weak Asian cues 26/08/2014

Pre Session- Sensex may open lower on weak Asian cues
26/08/2014 08:28
The key domestic benchmarks are tipped to open lower today tracking a bearish trend in major Asian markets as ongoing conflicts in Ukraine and the Middle East dim the appeal of risky assets. A dip in US new home sales to the lowest level in four months in July signaled fresh doubts over the recovery in the world’s biggest economy, weighing on sentiment across Asian bourses. Sales of new homes in the US declined 2.4 per cent to an annualized pace of 412,000 in July 2014 over the previous month. China’s Shanghai Composite and Hang Seng were trading lower on concerns over slowing bank lending. Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks.

Back home, the Sensex may come under pressure as the Supreme Court’s decision to declare all coal blocks allocated since 1993 as illegal may hit metal and mining stocks, while the decision may lead to fuel shortages, complicating Prime Minister Narendra Modi’s bid to revive Asia’s third biggest economy. The Sensex may see some volatility ahead of the expiry of August F&O contracts this Thursday while caution may persist ahead of Q1 GDP data likely to be released on Friday.

Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 18698120.00, Jindal Steel & Power Ltd. 10269041.00, IDFC Ltd. 6687592.00, Bharat Heavy Electricals Ltd. 6409774.00 and Tata Steel Ltd. 5682478.00.

Pre Session- Sensex may open higher on global cues

Pre Session- Sensex may open higher on global cues

The key domestic benchmarks are likely to witness a positive opening today tracking gains in fellow Asian peers and a mostly positive closing at Wall Street overnight. Asian stocks rose after US Federal Reserve Chairman Janet Yellen vowed to continue to support growth in the world’s biggest economy, easing fears that the Fed may raise interest rates immediately after QE ends. China’s Shanghai Composite posted slim gains while Hang Seng rose firmly after China’s exports and imports rose last month, easing fears of a slowdown in the world’s second biggest economy. Chinese exports climbed 0.9 per cent in April 2014 from the same month a year ago, while imports advanced 0.8 per cent. Japan’s Nikkei 225 was trading with impressing gains. Back home, IT stocks will remain in focus after they slumped yesterday due to the downgrade of bellwether Infosys by UBS. TVS Electronics and Union Bank will reveal their March quarter report card today.

Most US stocks closed higher on Wednesday after Fed Chairman Janet Yellen stressed on the case for continued stimulus support for the US economy. Yellen backed a high degree of monetary accommodation to spur economic growth as inflation and employment remain below the central bank’s goals. She insisted that the Fed’s key benchmark interest rate is likely to stay near zero for a considerable time period even after the central bank fully winds up QE. Sentiment was also boosted after consumer credit in the US rose at the fastest pace in more than a year in March 2014, signaling a pickup in consumer spending, going forward. US consumer credit climbed USD 17.5 billion in March 2014 over the previous month. However, internet stocks tumbled led by Groupon after profits and sales trailed estimates in the March quarter. The Dow Jones Industrial Average ended higher, the Nasdaq Composite closed lower and the S&P 500 advanced.

The FIIs on 07/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 1718.40 Crore and gross debt purchased stood at Rs. 540.70 Crore, while the gross equity sold stood at Rs. 1642.40 Crore and gross debt sold stood at Rs. 403.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 76.00 Crore and Rs. 137.20 crore.

Top traded Volumes on NSE Nifty – NTPC Ltd. 9144185.00, DLF Ltd. 8856565.00, Bharti Airtel Ltd. 5881938.00, IDFC Ltd. 5362047.00 and ICICI Bank Ltd. 5150741.00.

On BSE, total number of shares traded was 29.93 Crore and total turnover stood at Rs. 2789.65 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 307857 with a total turnover of Rs. 10223.04 Crore. Along with this total number of contracts traded in stock futures were 579542 with a total turnover of Rs. 18285.75 Crore. Total numbers of contracts for index options were 983539 with a total turnover of Rs. 34101.20 Crore and total numbers of contracts for stock options were 169241 with a total turnover of Rs. 5601.24 Crore.

Pre Session- Sensex may open lower on weak global cues

Pre Session- Sensex may open lower on weak global cues

The key domestic benchmarks may open lower today tracking a bearish trend in Asian stocks and a negative closing at Wall Street overnight. Asian stocks came under some heavy selling pressure today as a slowdown in China’s services sector added to growth concerns in the world’s second biggest economy while investors remained cautious ahead of Federal Reserve Chairman Janet Yellen’s speech today where she may offer further cues over the Fed’s plans to raise interest rates. China’s Shanghai Composite fell after the gauge measuring China’s services activity declined to 51.4 in April from 51.9 in the previous month, with a reading above 50 signaling expansion. Hang Seng fell while Japan’s Nikkei 225 tumbled as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may be in consolidation mode after two straight days of gains as caution persists ahead of election results. Investors will be eying the Q4 earnings number of pharma major Lupin. The stock of mortgage lender HDFC may be in focus after the company reported a strong 11 per cent growth in its net profit at Rs 1,723 crore in Q4 FY 2013-14 as margins improved.

US stocks ended lower on Tuesday amid a sell-off in internet companies led by Twitter Inc. Social networking company Twitter Inc. slumped by 18 per cent after nearly 480 million shares from investors became eligible for sale, more than four times the current amount available for trading. Investors weighed mixed US data as a fall in economic optimism was offset by a narrowing trade shortfall. US trade gap shrank in March as exports rose at the fastest pace in nine months, supporting the outlook for the world’s biggest economy. US trade deficit narrowed by 3.6 per cent to USD 40.4 billion in March from USD 41.9 billion in the previous month. The IBD/TIPP Economic Optimism index fell to 45.8 this month from 48 in April. Worries over Ukraine continued as a new commander of the ground forces was named by the country’s president amidst rising death toll as the military pushes to dislodge pro-Russian separatists from Ukraine’s eastern region. France warned Russia that Europe would continue to pressure Moscow to let Ukraine hold a May 25 presidential election and if Russia aims to prevent the vote, it may lead to chaos and civil war in Ukraine. All three of the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 ended lower.

The FIIs on 06/05/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 2235.20 Crore and gross debt purchased stood at Rs. 528.20 Crore, while the gross equity sold stood at Rs. 1906.70 Crore and gross debt sold stood at Rs. 579.90 Crore. Therefore, the net investment of equity and debt reported were Rs. 328.50 Crore and Rs. -51.70 crore.

Top traded Volumes on NSE Nifty – DLF Ltd. 8651800.00, ITC Ltd. 4992019.00, IDFC Ltd. 4599516.00, Hindalco Industries Ltd. 4170017.00 and NTPC Ltd. 3783435.00.

On BSE, total number of shares traded was 20.40 Crore and total turnover stood at Rs. 1958.07 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 204734 with a total turnover of Rs. 6831.99 Crore. Along with this total number of contracts traded in stock futures were 482978 with a total turnover of Rs. 15006.68 Crore. Total numbers of contracts for index options were 809884 with a total turnover of Rs. 28031.07 Crore and total numbers of contracts for stock options were 142666 with a total turnover of Rs. 4615.12 Crore.