Pre-Session-Sensex set to open tad higher amid mixed Asia trend:25/10/2016 08:23
Indian equity benchmarks may witness a slight gap up opening on Tuesday as investors resort to a cautious approach ahead of a flurry of earning reports from major bluechips and amidst a mixed trend across markets in Asia as speculation that the US Federal Reserve may raise interest rates this year heightens, curbing risk taking appetite. The SGX Nifty Index Futures for October delivery were trading at 8,728, up by 6 points or 0.07 per cent at 10:28 AM Singapore time, signaling that the Sensex may open with slim gains today. Shares of Adani Ports & Special Economic Zone, Axis Bank, Bharti Airtel, Dr Reddy’s Laboratories, HDFC Bank, IDFC Bank, IDBI Bank and Kotak Mahindra Bank will be in focus today as the companies unveil their September quarter earnings. Telecom player Idea Cellular may witness some selling pressure after it on Monday in after-market hours reported that consolidated profit plunged by 88 per cent to Rs 91.4 crore in Q2 FY 2016-17. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s October Futures & Options (F&O) expiry. The 30-share Sensex on Monday rallied by 101.9 points or by 0.36 per cent to end at 28,179.08, a three-week high driven by gains in energy and banking stocks as foreign investors continued to bet big on India.
Asian stocks were mixed as latest US manufacturing data bolstered the case for monetary tightening in the near-term. A gauge measuring US manufacturing activity shot up from 51.5 in September to 53.2 in October, with a reading above 50 signaling expansion. Shanghai Composite was trading with slim losses, Hang Seng fell but Japan’s Nikkei 225 rose as a weaker yen bolstered the appeal of exporter stocks. Wall Street surged on Monday boosted by a flurry of deal making activity and encouraging earning reports.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 20199480.00, Idea Cellular Ltd. 15832856.00, State Bank of India 14483254.00, Axis Bank Ltd. 10660533.00 and Oil and Natural Gas Corporation Ltd. 10502366.00.
On BSE, total number of shares traded was 41.33 Crore and total turnover stood at Rs. 3396.82 Crore.
The FIIs on 24/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3513.20 Crore and gross debt purchased stood at Rs. 594.25 Crore, while the gross equity sold stood at Rs. 3735.14 Crore and gross debt sold stood at Rs. 381.74 Crore. Therefore, the net investment of equity and debt reported were Rs. -221.94 Crore and Rs. 212.51 Crore.
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Asian stocks were mixed as latest US manufacturing data bolstered the case for monetary tightening in the near-term. A gauge measuring US manufacturing activity shot up from 51.5 in September to 53.2 in October, with a reading above 50 signaling expansion. Shanghai Composite was trading with slim losses, Hang Seng fell but Japan’s Nikkei 225 rose as a weaker yen bolstered the appeal of exporter stocks. Wall Street surged on Monday boosted by a flurry of deal making activity and encouraging earning reports.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 20199480.00, Idea Cellular Ltd. 15832856.00, State Bank of India 14483254.00, Axis Bank Ltd. 10660533.00 and Oil and Natural Gas Corporation Ltd. 10502366.00.
On BSE, total number of shares traded was 41.33 Crore and total turnover stood at Rs. 3396.82 Crore.
The FIIs on 24/10/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3513.20 Crore and gross debt purchased stood at Rs. 594.25 Crore, while the gross equity sold stood at Rs. 3735.14 Crore and gross debt sold stood at Rs. 381.74 Crore. Therefore, the net investment of equity and debt reported were Rs. -221.94 Crore and Rs. 212.51 Crore.
