Pre-market: Markets to witness negative opening 20/06/2014

Pre-market: Markets to witness negative opening
20/06/2014 07:42
The Indian equity market is likely to open on a negative note today mirroring global markets’ negativity. The SGX Nifty, an indicator of the market opening, was trading at 7550, down by 1.50 points. Meanwhile, Capital market regulator Securities and Exchange Board of India) on Thursday announced a slew of measures to boost equity issuances by India Incorporations and help rejuvenate the primary market, which at present seems to be in deep slumber. In stock specific news, announcement of its largest-ever investment plan of $30 billion or Rs 180,000 crore over the next three years, even as it was largely known by the Street, is being looked at in a positive light. This is despite the near-term pressure it could put on the return ratios. The company had been under pressure to utilize the cash on its books and these investment plans show how it has charted a way forward.

Asian stocks are paring gains that saw a gauge of global equities surge to a record this week as investors weigh comments from Federal Reserve Chair Janet Yellen, who signaled U.S. interest rates will remain low even as the economy improves, with concerns over sectarian violence in Iraq. Bank of Japan chief Haruhiko Kuroda speaks in Tokyo today and Malaysia reports on inflation. As many as 300 U.S. advisers are headed to Iraq as the army battles an insurgency in the nation’s north.

After trending higher in the past few sessions, stocks fluctuated over the course of the trading day on Thursday. Despite the lackluster performance, the S&P 500 still managed to tick up to another new record closing high. The major averages eventually ended the day mixed, although they were all nearly flat. While the NASDAQ edged down 3.51 points or 0.1 percent to 4,359.33, the Dow crept up 14.84 points or 0.1 percent to 16,921.46 and the S&P 500 inched up 2.50 points or 0.1 percent at 1,959.48. The choppy trading on Wall Street came as traders expressed some uncertainty about the outlook for the markets following the recent upward trend.

Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 16924799.00, Hindalco Industries Ltd. 14719990.00, DLF Ltd. 8009428.00, Sesa Sterlite Ltd. 7700112.00, IDFC Ltd. 7216613.00,

On NSE, total number of shares traded was 98.42 Crore and total turnover stood at Rs. 17073.46 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 456208 with a total turnover of Rs. 17274.17 Crore. Along with this total number of contracts traded in stock futures were 879776 with a total turnover of Rs. 33808.43 Crore. Total numbers of contracts for index options were 4595241 with a total turnover of Rs. 174816.67 Crore and total numbers of contracts for stock options were 401542 with a total turnover of Rs. 15637.71 Crore.

The FIIs on 19/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4425.93 Crore and gross debt purchased stood at Rs. 464.39 Crore, while the gross equity sold stood at Rs. 4099.38 Crore and gross debt sold stood at Rs. 932.84 Crore. Therefore, the net investment of equity and debt reported were Rs. 326.55 Crore and Rs. -468.45

Pre-market: Markets to witness negative opening 16/06/2014

Pre-market: Markets to witness negative opening
16/06/2014 07:25
SGX nifty directs a lower opening on the bourses today. During the last week, massive profit booking and concerns about Iraq affected the trading adversely. In the week ahead, the situation seems to intensify as the US President has reiterated Friday that the Iraqi government needs support to address escalating violence in the country but stressed that the he will not send U.S. troops back into combat. Obama noted that he has asked his national security team to prepare a range of other options to help Iraq's security forces. Meanwhile, Union Budget and Monsoon will be the two major triggers in the near term on the domestic front. As of today, the WPI data will be eyed amid various global developments.

Asian markets have turned into a mixed performance in today’s trade. While Shanghai Composite is trading 0.31% higher, NIKKEI 225 and Hang Seng are trading 0.19% and 0.66% lower on concerns over Iraq issues and stronger Yen. Chinese stocks are back in favor as growth in industrial output and retail sales accelerated in May while new bank loans exceeded analyst estimates. The markets will be eying the Federal Reserve’s monetary policy decision due on Wednesday for further cues. Traders are also likely to keep an eye on the Fed's economic projections as well as Fed Chair Janet Yellen's accompanying press conference. Ahead of the Fed meeting, trading could be impacted by the release of reports on industrial production, homebuilder confidence, housing starts, and consumer price inflation.

While buying interest remained somewhat subdued, stocks moved modestly higher over the course of the trading day on Friday. The slim gains on the day partly offset the notable pullback seen in the two previous sessions. The major averages saw some volatility in the final hour of trading but managed to close in positive territory. The Dow rose 41.55 points or 0.3 percent to 16,775.74, the NASDAQ climbed 13.02 points or 0.3 percent to 4,310.65 and the S&P 500 advanced 6.05 points or 0.3 percent to 1,936.16. Despite the modest gains on the day, the major averages all moved lower for the week. The Dow and the S&P 500 fell by 0.9 percent and 0.7 percent, respectively, while the NASDAQ edged down by 0.2 percent. A positive reaction to upbeat guidance from Intel (INTC) contributed to the modest strength on Wall Street, with the semiconductor giant surging up by 6.8 percent. While the news contributed to some strength in the tech sector, traders seemed reluctant to resume buying stocks amid concerns about escalating violence in Iraq.

On the economic front, the Labor Department released a report before the start of trading showing an unexpected decrease of 0.2 percent in U.S. producer prices in the month of May, with the drop partly reflecting a notable decrease in prices for trade services.

Top traded Volumes on NSE Nifty – DLF Ltd. 14978949.00, IDFC Ltd. 11017414.00, Hindalco Industries Ltd. 11006055.00, Bharat Heavy Electricals Ltd. 10099737.00, NTPC Ltd. 9139412.00

On NSE, total number of shares traded was 132.96 Crore and total turnover stood at Rs. 22645.27 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 520794 with a total turnover of Rs. 19849.19 Crore. Along with this total number of contracts traded in stock futures were 977954 with a total turnover of Rs. 37712.85 Crore. Total numbers of contracts for index options were 4043661 with a total turnover of Rs. 154200.94 Crore. and total numbers of contracts for stock options were 449677 with a total turnover of Rs. 18088.69 Crore.

The FIIs on 13/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6045.78 Crore and gross debt purchased stood at Rs. 2315.58 Crore, while the gross equity sold stood at Rs. 3551.81 Crore and gross debt sold stood at Rs. 413.24 Crore. Therefore, the net investment of equity and debt reported were Rs. 2493.97 Crore and Rs. 1902.34

Pre-market: Markets to witness negative opening : 28/05/2014

Pre-market: Markets to witness negative opening
28/05/2014 07:28
Indian markets are likely to witness a negative opening tracking the SGX Nifty that is trading 0.56% down. The market direction will be shaped later as China’s reports on industrial profits are released. Meanwhile, providing importers with greater flexibility in hedging, Reserve Bank of India allowed them to book forward foreign exchange contracts to an extent of 50 percent of the eligible limit. Moreover, the results of BHEL and HPCL will be in focus for the day.

It is a mixed bag of performance from the Asian markets with a modest upside seen in few major averages. Albeit, there is an improvement in the market after signs of improvement in the US economy sent the Standard & Poor’s 500 Index to a record high, China’s Shanghai composite is down by 0.34% while Hang Seng and NIKKEI 225 continue trading higher by 0.6% and 1.0% respectively. The trading activity in the Asian markets today will be defined by influences of positive news from the U.S. and nervousness about the state of play in China as reports on industrial-company profits is due to be released later today.

Stocks on Wall-Street continued to perform well throughout the trading session on Tuesday exhibiting positive investor sentiments as infused after upbeat economic data. The gains on the day extended the recent upward move by the markets, with the S&P 500 reaching a new record closing high. While the major averages all closed firmly in positive territory, the tech-heavy NASDAQ outperformed its counterparts. The NASDAQ jumped 51.26 point or 1.2 percent to 4,237.07, while the Dow rose 69.23 point or 0.4 percent to 16,675.50 and the S&P 500 climbed 11.38 points or 0.6 percent to 1,911.91. The strength on Wall Street was partly due to the release of a report from the Commerce Department showing an unexpected increase in durable goods orders for the month of April. Positive sentiment was also generated by a separate report from the Conference Board showing that consumer confidence improved in line with economist estimates in the month of May. Additionally, a separate report from Standard & Poor's showed that home prices in major metropolitan areas rose more than expected in March.

Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 13805470.00, NTPC Ltd. 13100443.00, DLF Ltd. 12407505.00, Bharat Heavy Electricals Ltd. 11950892.00, Sesa Sterlite Ltd. 11599055.00,

On NSE, total number of shares traded was 129.98 Crore and total turnover stood at Rs. 18829.36 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 591605 with a total turnover of Rs. 21839.50 Crore. Along with this total number of contracts traded in stock futures were 1559910 with a total turnover of Rs. 57563.60 Crore. Total numbers of contracts for index options were 4605716 with a total turnover of Rs. 169369.86 Crore. and total numbers of contracts for stock options were 424212 with a total turnover of Rs. 16259.84 Crore.

The FIIs on 27/05/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5701.40 Crore and gross debt purchased stood at Rs. 2035.70 Crore, while the gross equity sold stood at Rs. 5726.10 Crore and gross debt sold stood at Rs. 251.90 Crore. Therefore, the net investment of equity and debt reported were Rs. -24.70 Crore and Rs. 1783.80