Pre Session- Dalal Street to open higher on bullish Asia trend
18/10/2016 08:23
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Indian equity benchmarks are likely to witness a gap up opening on Tuesday tracking a positive trend across markets in Asia as mixed US economic data eased fears over an imminent Federal Reserve interest rate hike, bolstering risk taking appetite. Slow and steady pace of US policy tightening may ensure continued capital flows into emerging markets such as India. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,561, up by 29.5 points or 0.34 per cent at 10:26 AM Singapore time, signal that the Sensex may open on a positive note today. Shares of Havells India, Mastek and Hindustan Zinc will be in focus as the companies reveal their September quarter earnings. The Q2 earnings season has been off to a rather tepid start with IT bellwethers Infosys and TCS disappointing. Meanwhile, softening inflation has opened the door for further policy easing by the RBI in the coming months while a rebound in exports in September also augurs well for Asia’s third biggest economy. The 30-share Sensex on Monday tanked 143.63 points or by 0.52 per cent to close at the lowest level in more than three months at 27,529.97 as sluggish corporate earnings and weakness in global equities following Fed Chair Janet Yellen’s comments that US economic potential is slipping weighed heavily on sentiment.
Hopes that US monetary policy will continue to remain accommodative boosted Asian stocks. While US factory output rose for the third time in four months, up 0.2 per cent in September from the previous month, the Federal Reserve Bank of New York’s manufacturing gauge succumbed to contraction in October, signalling a mixed outlook for the world’s biggest economy. Meanwhile, Fed’s vice chairman Stanley Fisher said that the central bank may have reached its limits as far as pursuing a strategy to push unemployment even lower was concerned. Shanghai Composite rose ahead of Wednesday’s GDP, industrial output and retail sales data. Hang Seng surged over 1 per cent and Nikkei 225 was tad higher led by gains in developers. US stocks fell on Monday as investors assessed mixed US economic data and quarterly earnings from the likes of Bank of America.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 62802218.00, State Bank of India 16865537.00, Axis Bank Ltd. 7930102.00, NTPC Ltd. 7877580.00 and Hindalco Industries Ltd. 7752014.00.
On BSE, total number of shares traded was 38.57 Crore and total turnover stood at Rs. 3884.29 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 247371 with a total turnover of Rs. 16996.11 Crore. Along with this total number of contracts traded in stock futures were 562682 with a total turnover of Rs. 40718.79 Crore. Total numbers of contracts for index options were 3617729 with a total turnover of Rs. 251175.77 Crore. and total numbers of contracts for stock options were 407546 with a total turnover of Rs. 29198.85 Crore.
The FIIs on 17/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 3990.99 Crore and gross debt purchased stood at Rs. 1793.35 Crore, while the gross equity sold stood at Rs. 4936.40 Crore and gross debt sold stood at Rs. 2400.75 Crore. Therefore, the net investment of equity and debt reported were Rs. -945.41 Crore and Rs. -607.40 Crore.
18/10/2016 08:23
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Hopes that US monetary policy will continue to remain accommodative boosted Asian stocks. While US factory output rose for the third time in four months, up 0.2 per cent in September from the previous month, the Federal Reserve Bank of New York’s manufacturing gauge succumbed to contraction in October, signalling a mixed outlook for the world’s biggest economy. Meanwhile, Fed’s vice chairman Stanley Fisher said that the central bank may have reached its limits as far as pursuing a strategy to push unemployment even lower was concerned. Shanghai Composite rose ahead of Wednesday’s GDP, industrial output and retail sales data. Hang Seng surged over 1 per cent and Nikkei 225 was tad higher led by gains in developers. US stocks fell on Monday as investors assessed mixed US economic data and quarterly earnings from the likes of Bank of America.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 62802218.00, State Bank of India 16865537.00, Axis Bank Ltd. 7930102.00, NTPC Ltd. 7877580.00 and Hindalco Industries Ltd. 7752014.00.
On BSE, total number of shares traded was 38.57 Crore and total turnover stood at Rs. 3884.29 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 247371 with a total turnover of Rs. 16996.11 Crore. Along with this total number of contracts traded in stock futures were 562682 with a total turnover of Rs. 40718.79 Crore. Total numbers of contracts for index options were 3617729 with a total turnover of Rs. 251175.77 Crore. and total numbers of contracts for stock options were 407546 with a total turnover of Rs. 29198.85 Crore.
The FIIs on 17/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 3990.99 Crore and gross debt purchased stood at Rs. 1793.35 Crore, while the gross equity sold stood at Rs. 4936.40 Crore and gross debt sold stood at Rs. 2400.75 Crore. Therefore, the net investment of equity and debt reported were Rs. -945.41 Crore and Rs. -607.40 Crore.
