Monday, 18 August 2014

Positive opening likely for Sensex on Asian cues

The key domestic benchmarks are tipped to open higher today tracking a mostly positive trend across Asian markets. Most Asian markets rose as geopolitical concerns abated amid easing fears over the crisis surrounding Ukraine, supporting buying appetite in risky assets. Foreign Ministers of Ukraine and Russia will begin talks in Berlin in a bid to put an end to the conflict while the US deepened air strikes against the Islamic State in Iraq over the weekend to help Iraq regain control of the country's largest dam in Mosul. China's Shanghai Composite was trading higher amid hopes that the country may boost stimulus after last week's data showed a deeper credit slowdown. Hang Seng was trading lower while Japan’s Nikkei 225 posted slim gains. Back home, global cues amid the situation in Iraq and Ukraine will determine the outcome of the direction of markets this week. Markets may also be supported by the outcome of Prime Minister Narendra Modi's speech on Independence Day where he outlined his economic agenda including a call to global businesses to make India their manufacturing base and launching a financial inclusion program for poor families. Top traded Volumes on NSE Nifty - Hindalco Industries Ltd. 14030737.00, Tata Steel Ltd. 8553982.00, DLF Ltd. 7124606.00, Bharat Heavy Electricals Ltd. 6735438.00 and Tata Motors Ltd. 6349274.00. On BSE, total number of shares traded was 36.60 Crore and total turnover stood at Rs. 2591.76 Crore. On NSE Future and Options, total number of contracts traded in index futures was 316678 with a total turnover of Rs. 12199.30 Crore. Along with this total number of contracts traded in stock futures were 642751 with a total turnover of Rs. 24983.97 Crore. Total numbers of contracts for index options were 3834138 with a total turnover of Rs. 148788.73 Crore and total numbers of contracts for stock options were 336211 with a total turnover of Rs. 13153.61 Crore. The FIIs on 14/08/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 5276.93 Crore and gross debt purchased stood at Rs. 405.45 Crore, while the gross equity sold stood at Rs. 4010.39 Crore and gross debt sold stood at Rs. 751.11 Crore. Therefore, the net investment of equity and debt reported were Rs. 1266.54 Crore and Rs. -345.66 crore.

Thursday, 14 August 2014

Sensex may open lower amid mixed Asian cues

The key domestic benchmarks may open lower today as a three-day rally may prompt investors and speculators to book profits. Trading may remain volatile ahead of the Independence Day holiday tomorrow. Meanwhile, a rise in consumer inflation in July has also dampened hopes of any near-term policy easing by the Reserve Bank of India (RBI). A mixed trend in Asian stocks may also weigh on sentiment. Asian stocks were trading mixed as a slowdown in US retail sales last month clouded the outlook for the world's biggest economy. US retail sales stalled in the month of July. However, the data raised hopes that the Federal Reserve may maintain interest rates near zero for a considerable period. China's Shanghai Composite and Hang Seng were trading tad lower as a slowdown in factory output growth in July weighed on the outlook for the world's second biggest economy. Japan's Nikkei 225 advanced as a weaker yen bolstered the appeal of exporter stocks. Top traded Volumes on NSE Nifty - Bharat Heavy Electricals Ltd. 15102066.00, NTPC Ltd. 9344461.00, DLF Ltd. 8691741.00, Tata Power Company Ltd. 8423787.00 and Hindalco Industries Ltd. 7549317.00. On BSE, total number of shares traded was 35.51 Crore and total turnover stood at Rs. 3134.65 Crore. On NSE Future and Options, total number of contracts traded in index futures was 393919 with a total turnover of Rs. 15091.20 Crore. Along with this total number of contracts traded in stock futures were 731745 with a total turnover of Rs. 28112.58 Crore. Total numbers of contracts for index options were 4320090 with a total turnover of Rs. 166913.79 Crore and total numbers of contracts for stock options were 403616 with a total turnover of Rs. 15672.53 Crore. The FIIs on 13/08/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3079.97 Crore and gross debt purchased stood at Rs. 1457.72 Crore, while the gross equity sold stood at Rs. 2715.84 Crore and gross debt sold stood at Rs. 476.08 Crore. Therefore, the net investment of equity and debt reported were Rs. 364.13 Crore and Rs. 981.64 crore.

Wednesday, 13 August 2014

Sensex may open lower on weak inflation, IIP data

The key domestic benchmarks are tipped to witness a negative opening today as investors and speculators book profits after a sharp rally in the past two sessions as acceleration in consumer inflation dimmed hopes of any further monetary easing in the near-term in Asia's third biggest economy. India's consumer prices climbed 7.96 per cent in July 2014 from the same month a year ago, above the annual 7.46 per cent rise in June 2014. Industrial output growth slowed to 3.4 per cent, year on year in June 2014 from the annual 5 per cent rise in May 2014, signaling a lingering slowdown. ONGC and Tata Steel will unveil their quarterly earnings today. On the Asian front, stocks were trading with slim gains as investors awaited Chinese economic data due later today. China's Shanghai Composite and Hang Seng were trading higher ahead of Chinese retail sales and industrial output data which may offer further cues over the recovery in the world's second biggest economy. Japan's Nikkei 225 was up even as Japan's economy shrank an annualized 6.8 per cent in the June quarter amid a higher sales tax rate. Top traded Volumes on NSE Nifty - Tata Motors Ltd. 14729593.00, Tata Power Company Ltd. 7891284.00, NTPC Ltd. 7532806.00, Hindalco Industries Ltd. 7032239.00 and DLF Ltd. 6717783.00. On BSE, total number of shares traded was 39.38 Crore and total turnover stood at Rs. 2339.74 Crore. On NSE Future and Options, total number of contracts traded in index futures was 360163 with a total turnover of Rs. 13779.68 Crore. Along with this total number of contracts traded in stock futures were 542069 with a total turnover of Rs. 21485.33 Crore. Total numbers of contracts for index options were 3403128 with a total turnover of Rs. 131067.49 Crore and total numbers of contracts for stock options were 263110 with a total turnover of Rs. 10673.88 Crore. The FIIs on 12/08/2014 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 2797.98 Crore and gross debt purchased stood at Rs. 153.69 Crore, while the gross equity sold stood at Rs. 2909.86 Crore and gross debt sold stood at Rs. 1200.00 Crore. Therefore, the net investment of equity and debt reported were Rs. -111.88 Crore and Rs. -1046.31 crore.

Tuesday, 12 August 2014

Sensex set to open higher; IIP data eyed

The key domestic benchmarks may open on a positive note today amid fading geopolitical concerns. Asian stocks were trading mixed as speculation heightened that tensions in Ukraine may ease on the arrival of a Red Cross aid mission while hopes rose that US airstrikes may contain militancy in Iraq, boosting the appeal of risky assets such as equities. While China's Shanghai Composite and Hang Seng retreated as investors booked profits after yesterday's sharp rally when below target inflation gave policymakers room to inject stimulus to spur growth in the world's second biggest economy, Japan's Nikkei 225 extended gains. On the domestic front, all eyes will be on the IIP data due after market hours today which may show that industrial output rose for the third month on the trot in June, signaling a recovery in Asia's third biggest economy. India's industrial output may have risen 5.6 per cent, year on year in June 2014, up from an annual 4.7 per cent rise in the previous month. However, acceleration in consumer inflation will signal limited room to ease monetary policy, and may weigh on sentiment at Dalal Street. Consumer inflation may have accelerated to 7.4 per cent in July 2014 from 7.3 per cent in June 2014 as food inflation quickened. Sun Pharma, Coal India and Tata Power will report their quarterly earnings today. Top traded Volumes on NSE Nifty  NTPC Ltd. 8927798.00, Sesa Sterlite Ltd. 8673449.00, Tata Motors Ltd. 8643044.00, DLF Ltd. 6407943.00 and IDFC Ltd. 5387657.00. On BSE, total number of shares traded was 44.25 Crore and total turnover stood at Rs. 3785.18 Crore. On NSE Future and Options, total number of contracts traded in index futures was 223395 with a total turnover of Rs. 8468.19 Crore. Along with this total number of contracts traded in stock futures were 478905 with a total turnover of Rs. 18642.14 Crore. Total numbers of contracts for index options were 2273825 with a total turnover of Rs. 87152.26 Crore and total numbers of contracts for stock options were 236556 with a total turnover of Rs. 9225.01 Crore. The FIIs on 11/08/2014 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 2757.51 Crore and gross debt purchased stood at Rs. 1682.67 Crore, while the gross equity sold stood at Rs. 3224.92 Crore and gross debt sold stood at Rs. 1583.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -467.41 Crore and Rs. 99.26.

Monday, 11 August 2014

Markets tipped for positive opening on Asian rebound

The key domestic benchmarks are likely to witness a positive opening today tracking a rebound in Asian peers as a sharp slump in recent sessions offers bargain buying opportunity to investors in equities, at existing levels. Asian stocks rose sharply on Monday led by hefty gains in Japanese shares despite continued geopolitical risks. China's Shanghai Composite and Hang Seng rose as inflation below target offered room for policymakers to inject fresh stimulus, if required, to spur growth in the world's second biggest economy. China's consumer prices rose 2.3 per cent in July 2014 from the same month a year ago, matching the pace set in June, but below the government's 3.5 per cent target. Japan's Nikkei 225 surged on strong corporate earnings. On the domestic front, the Sensex may witness volatility in the holiday shortened-week as the last leg of Q1 numbers, macroeconomic data and global cues including geopolitical fears influence market movement. Markets will be closed on Friday on account of Independence Day. All eyes will be on the Consumer price and Wholesale price index, and industrial output data for June this week. Tata Motors, Tata Steel, Coal India, Oil India, IOC and ONGC are among the companies that will unveil their earnings this week. Investors will weigh events in Ukraine amid the renewed buildup of Russian troops across the border with Ukraine, events in Gaza and Iraq where the US has authorised airstrikes. Top traded Volumes on NSE Nifty are Hindalco Industries Ltd. 9919821.00, Sesa Sterlite Ltd. 8824158.00, DLF Ltd. 7902174.00, IDFC Ltd. 7878573.00 and Tata Motors Ltd. 6422294.00. On BSE, total number of shares traded was 27.96 Crore and total turnover stood at Rs. 2479.34 Crore On NSE Future and Options, total number of contracts traded in index futures was 389929 with a total turnover of Rs. 14694.53 Crore. Along with this total number of contracts traded in stock futures were 596877 with a total turnover of Rs. 22630.21 Crore. Total numbers of contracts for index options were 3824158 with a total turnover of Rs. 146369.12 Crore and total numbers of contracts for stock options were 344542 with a total turnover of Rs. 12830.39 Crore. The FIIs on 08/08/2014 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 4658.27 Crore and gross debt purchased stood at Rs. 376.56 Crore, while the gross equity sold stood at Rs. 2699.33 Crore and gross debt sold stood at Rs. 1075.63 Crore. Therefore, the net investment of equity and debt reported were Rs. 1958.94 Crore and Rs. -699.07 crore.

Friday, 8 August 2014

Sensex to open lower tracking muted global cues

The key benchmark indices are likely to open in red today followed muted cues from the Asian markets. In the overnight trading US stocks ended lower, reacting to the strong step taken by Russia that has raised concerns on global growth. In response to Western sanctions imposed over it, Russia has banned imports of food items from the US, as well as vegetables and fruits from the US. Asian markets were also awash in red on Friday morning with Japan's Nikkei 225 down by a whopping 455 points at 14,776. Hong Kong's Hang Seng was trading at 24,209, down by 178 points; Taiwan Index was at 9,038, down by 93 points; Singapore's Straits Times was trading down by 30 points at 3,284; and China's Shanghai Composite was at 2,183, down by nearly 4 points. Back home, the country's largest public sector bank- State Bank of India will announce its earnings for the quarter ended June 30, 2014 later today. The SBI quarterly numbers are likely to impact the direction of markets, mainly those of banking and financial stocks. The BSE's SENSEX closed at 25,589.01, down by 76.26 points or by 0.3 per cent on Thursday, and the NSE's wide-based Nifty ended at 7,649.25, down by 22.8 points or by 0.3 per cent. On BSE, total number of shares traded was 29.15 Crore and total turnover stood at Rs. 2680.64 Crore. The FIIs on 07/08/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4066.73 Crore and gross debt purchased stood at Rs. 2090.93 Crore, while the gross equity sold stood at Rs. 3743.73 Crore and gross debt sold stood at Rs. 3753.96 Crore. Therefore, the net investment of equity and debt reported were Rs. 323.00 Crore and Rs. -1663.03.

Thursday, 7 August 2014

Markets to witness cautious start over increasing geopolitical concerns

The 30-share benchmark index of the Bombay Stock Exchange- Sensex is expected to open on a cautious note today following a weak start on the Asian markets. Investors are likely to remain on the sidelines amid increasing tension between Russia and Ukraine after Russia appointed nearly 20,000 combat-ready troops on Ukraine's border. Besides, Russia also said that it will ban imports of all food items from the US along with imports of fruits, vegetables from Europe in response to Western sanctions imposed over the country. Owing to global geopolitical woes, Japan's Nikkei 225 shed 28 points in the morning session and was trading at 15,131. Similarly, Hong Kong's Hang Seng and China's Shanghai Composite were also trading down by 85 points and 2.49 points at 24,498 and 2,217, respectively. In the previous trading session, the BSE's SENSEX closed at 25,665.27, down by 242.74 points or by 0.94 per cent and the NSE's wide-based Nifty ended at 7,672.05, down by 74.5 points or by 0.96 per cent. On BSE, total number of shares traded was 31.07 Crore and total turnover stood at Rs. 3041.83 Crore. The FIIs on 06/08/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 2527.28 Crore and gross debt purchased stood at Rs. 794.47 Crore, while the gross equity sold stood at Rs. 2513.35 Crore and gross debt sold stood at Rs. 858.77 Crore. Therefore, the net investment of equity and debt reported were Rs. 13.93 Crore and Rs. -64.30.