News Details

( 07 Nov 2017)
Pre Session: Gap up opening seen for Sensex, Nifty; BHEL, Cipla Q2 eyed

Indian benchmark indices are likely to open higher on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. Markets across Asia were trading mostly higher after the Wall Street ended at record high in overnight trade led by rally in energy stocks. Back home, firm trend in the SGX Nifty Index Futures for November delivery, which were trading at 10,501.00, up by 22.00 points or 0.21 per cent, at 10:58 AM Singapore time, also signaled a positive opening for local bourses. As the euphoria over ‘Ease of Doing Business’ ranking eases, the investors will shift focus to GST meeting, corporate results and IPO listing which are likely to set market direction this week. On the economy front, the government has formed a multi-agency panel led by the chairman of the income tax (I-T) department to carry out a probe into the Paradise Papers leak of financial documents. On the earnings front, big companies like BHEL, Cipla, Indian Overseas Bank, Jindal SAW, Balrampur Chini, Manappuram Finance Jyothy Labs, Finolex Cables, Tata Coffee and VIP Industries, will release their quarterly results this week.

Indian equities ended range bound session on a mixed note on Monday as investors await more corporate earnings. The market had hit fresh high in intraday trade riding on hopes that the government may announce measures to help traders and small businesses in the next GST council meeting that begins on Thursday. The Bombay Stock Exchange bellwether Sensex closed at 33731.19 up by 45.63 points or by 0.14 per cent while the NSE Nifty was at 10451.8 down by 0.7 points or by 0.01 per cent.

Top traded volumes on NSE Nifty were Tata Motors Ltd. 19456789.00, State Bank of India 17143407.00, Oil And Natural Gas Corporation Ltd. 16363370.00, ICICI Bank Ltd. 16349376.00, Hindalco Industries Ltd. 10582403.00.

On NSE, total number of shares traded was 173.80 Crore and total turnover stood at Rs. 35436.46 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 135295 with a total turnover of Rs. 11751.67 Crore. Along with this total number of contracts traded in stock futures were 762017 with a total turnover of Rs. 57240.35 Crore. Total numbers of contracts for index options were 3183188 with a total turnover of Rs. 293594.31 Crore and total numbers of contracts for stock options were 483664 with a total turnover of Rs. 37959.62 Crore.

As on November 6, 2017 the FIIs turned as net buyer as net buyer in equity market, but turned net seller in debt segment. Gross equity purchased stood at Rs. 4688.52 Crore and gross debt purchased stood at Rs. 1608.72 Crore, while the gross equity sold stood at Rs. 4240.13 Crore and gross debt sold stood at Rs. 1813.89 Crore. Therefore, the net investment of equity and debt reported were Rs. 448.39 Crore and Rs. -205.17.