Markets

News Details

( 15 Mar 2019)
Pre Session: Sensex, Nifty seen positive opening; IDBI shares in focus

Indian benchmark indices are likely to open on a positive note on Friday as trends on SGX Nifty indicate a positive opening for the broader index in India. Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit, but a fresh flare up in US-China trade concerns is expected to cap gains. A meeting between US President Donald Trump and Chinese President Xi Jinping to resolve the ongoing trade war won't take place this month and is more likely to occur in April at the earliest, Bloomberg reported on March 14. Oil prices were steady on Friday, supported as production cuts led by OPEC and US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand. The rupee appreciated by 20 paise to close at a seven-month high of 69.34 against the US dollar on Thursday, extending gains for the fourth session in a row, on robust foreign inflows ahead of general elections. Back home, bullish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,401.00, up by 16.00 points or 0.14 per cent, at 11:00 AM, Singapore Time, also indicated a positive start for local bourses. On the corporate front, the Reserve bank of India has classified IDBI Bank as a private lender after LIC took control of it. The move may lead to a rating downgrade and a rise in cost of funding as investors would factor in the absence of sovereign backing for the bank. HUL Unilever named Nitin Paranjpe global chief operating officer as part of a leadership rejig that also saw the India unit’s chairman Sanjiv Mehta being appointed president of South Asia and a member of the Unilever Leadership Executive (ULE). Analysts said HUL could get extra focus from the parent company with more Indians on its leadership committee. The 30-share index settled for 37754.89 up by 2.72 points or by 0.01 per cent and then NSE Nifty was at 11343.25 up by 1.55 points or by 0.01 per cent. The BSE Sensex touched intraday high of 37907.78 and intraday low of 37693.69 The NSE Nifty touched intraday high of 11383.45 and intraday low of 11313.75.

Top traded Volumes on NSE Nifty – YES Bank Ltd. 59684202.00, State Bank of India 16164017.00, Tata Motors Ltd. 15737080.00, Coal India Ltd. 13627811.00, ICICI Bank Ltd. 13182462.00.

On NSE, total number of shares traded was 155.83 Crore and total turnover stood at Rs. 33743.23 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 251919 with a total turnover of Rs. 17636.17 Crore. Along with this total number of contracts traded in stock futures were 766586 with a total turnover of Rs. 46305.81 Crore. Total numbers of contracts for index options were 28596531 with a total turnover of Rs. 1782159.20 Crore. and total numbers of contracts for stock options were 754826 with a total turnover of Rs. 47510.86 Crore.

As on March 14, 2019, the FIIs stood as net buyer in equity and debt market. Gross equity purchased stood at Rs. 8364.38 Crore and gross debt purchased stood at Rs. 813.07 Crore, while the gross equity sold stood at Rs. 6151.38 Crore and gross debt sold stood at Rs. 2505.65 Crore. Therefore, the net investment of equity and debt reported were Rs. 2213.00 Crore and Rs. -1692.58.