Markets

News Details

( 07 Dec 2017)
Pre Session: Sensex, Nifty seen opening flat on muted global cues

Indian benchmark indices are likely to flat with positive bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were trading mostly lower after Wall Street ended mixed in overnight trade as investors awaited tax reform developments. Back home, muted trend in the SGX Nifty Index Futures for December delivery, which were trading at 10,078.00, up by 6 points or 0.06 per cent, at 10:53 AM Singapore time, also signaled a flat start for local bourses. With the Reserve Bank of India delivered what was expected, kept the benchmark repo rate unchanged at 6 per cent, now all eyes will be on assembly elections in Gujarat, which might have impact on the government policies ahead. On the initial public offer (IPO) front, shares of Shalby Hospitals was subscribed 46 per cent on the second day of the bidding process, while Future Supply Chain Solutions subscribed 25 per cent on the first day of offer by 5 pm. On the corporate front, shares of Infosys will remain in focus after the IT major moved to the Securities and Exchange Board of India (Sebi) to settle the severance agreement it signed with former CFO Rajiv Bansal in 2015.

On Wednesday, the Indian equities fell sharply in final hour of day’s trade to close lower after the Reserve Bank of India kept key rates unchanged. The apex bank kept the liquidity adjustment facility (LAF) unchanged at 6.0 per cent but raised the inflation forecast for remainder of the current financial year to 4.3-4.7 per cent. On the sectoral front, all the indices barring IT and Teck stocks, ended in red, while metal and PSU stocks emerged as top losers on BSE, falling as much as 2.03 per cent and 1.32per cent, respectively. The 30-share benchmark index closed trade at 32597.18, down by 205.26 points or by 0.63 per cent, and the NSE Nifty ended at 10044.1, down by 74.15 points or by 0.73 per cent.

Top traded volumes on NSE Nifty were State Bank of India 18658202.00, Vedanta Ltd. 14499666.00, Reliance Industries Ltd. 11007689.00, NTPC Ltd. 8624766.00, ITC Ltd. 8244499.00.

On NSE, total number of shares traded was 120.45 Crore and total turnover stood at Rs. 25481.20 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 222912 with a total turnover of Rs. 18989.67 Crore. Along with this total number of contracts traded in stock futures were 551965 with a total turnover of Rs. 39482.67 Crore. Total numbers of contracts for index options were 6337354 with a total turnover of Rs. 597521.05 Crore and total numbers of contracts for stock options were 287321 with a total turnover of Rs. 21451.21 Crore.

As on December 06, 2017 the FIIs turned as net seller in equity segment, but emerged net buyer in debt market. Gross equity purchased stood at Rs. 3752.07 Crore and gross debt purchased stood at Rs. 1892.57 Crore, while the gross equity sold stood at Rs. 5155.17 Crore and gross debt sold stood at Rs. 743.39 Crore. Therefore, the net investment of equity and debt reported were Rs. -1403.10 Crore and Rs. 1149.18.