News Details

( 12/01/2018 08:32)
Pre Session: Positive opening on cards for Sensex, Nifty; Infosys Q3 eyed

Indian benchmark indices are likely to open higher on Friday, tracking strong cues from Nifty futures on the Singapore Stock Exchange and firm trend across global markets. Overseas, markets across Asia were trading higher after the Wall Street ended higher in overnight trade as sentiment were boosted by earnings optimism and a rise in oil prices. Back home, bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,697.50, up by 40.00 points or 0.37 per cent, at 10:52 AM Singapore time, also signaled a positive start for local bourses. The sustained fund inflows from foreign investors may also push indices higher as the government eased foreign direct investments (FDIs) ownership rules in sectors such as retail, civil aviation, and realty. The investors may react to third quarter earnings report of Tata Consultancy Services (TCS) as net profit slipped 3.9 per cent year-on-year to Rs 65.45 billion, while its revenues grew at higher-than-expected rate of 2.7 per cent to Rs 317.7 billion on the back of large deals and increasing contribution in digital verticals from clients such as Nielsen and Rolls Royce. Following earnings report from TCS, rival Infosys will release its Oct-Dec quarter financial report today after market hours. On the IPO front, Apollo Micro Systems shares got 9 times subscription on Day 2 of the bidding process. The company, which caters primarily to the defence and aerospace sectors, received bids for 3,72,44,150 shares against the total issue size of 41,44,955 shares, data available with the NSE showed.

On Thursday, the Indian equities closed higher, paring early losses, tracking muted cues from Asian peers, as investors remained wary ahead of beginning of the corporate earnings result tomorrow. The market breadth, indicating the overall strength of the market was strong. On BSE out of total shares traded 3246, shares advanced were 1698 while 1389 shares declined and 159 were unchanged. In line with the benchmark indices, the broader markets ended higher, with MidCap and SmlCap indices, gaining as much as 0.27 per cent and 0.41 per cent. On the sectoral front, realty and IT stocks emerged as top gainers on BSE, rising as much as 2.00 per cent and 0.84 per cent, respectively. The 30-share benchmark index closed trade at 34503.49, up by 70.42 points or by 0.2 per cent, and the NSE Nifty ended at 10651.2, up by 19 points or by 0.18 per cent.

Top traded volumes on NSE Nifty were State Bank of India 12299087.00, ITC Ltd. 11287447.00, Infosys Ltd. 8387735.00, ICICI Bank Ltd. 8366718.00, YES Bank Ltd. 8266266.00.

On NSE, total number of shares traded was 202.21 Crore and total turnover stood at Rs. 35305.76 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 162941 with a total turnover of Rs. 14374.31 Crore. Along with this total number of contracts traded in stock futures were 704743 with a total turnover of Rs. 54677.23 Crore. Total numbers of contracts for index options were 9253138 with a total turnover of Rs. 912407.43 Crore and total numbers of contracts for stock options were 505293 with a total turnover of Rs. 38800.37 Crore.

As on January 11, 2017 the FIIs turned as net seller in both equity and debt markets. Gross equity purchased stood at Rs. 3825.49 Crore and gross debt purchased stood at Rs. 3474.46 Crore, while the gross equity sold stood at Rs. 4217.15 Crore and gross debt sold stood at Rs. 3661.19 Crore. Therefore, the net investment of equity and debt reported were Rs. -391.66 Crore and Rs. -186.73.

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