Markets

News Details

( 06/12/2018 08:51)
Pre Session: Sensex, Nifty seen opening lower on weak global cues

Indian equities may open lower on Thursday, continue its losing streak for the third session, tracking bearish trends in SGX Nifty Index Futures and weak cues from global peers. Overseas, the Asian stocks were trading lower, following a weak US session overnight, led by arrest of top executive of Chinese tech giant Huawei Technologies by Canadian authorities, fanning fears of further tensions between China and the United States. Back home, bearish trends in the SGX Nifty Index Futures for December delivery, which were trading at 10,743.50, down by 90.00 points or 0.83 per cent, at 11:00 AM, Singapore Time, also indicated a negative start for local bourses. Traders also cautious of states elections results which are due next week.

On the corporate front, shares of Tata motors will remain in focus as JLR UK's total sales increased to 9,055 units in November 2018 versus 8,895 units; Jaguar sales falls to 2,716 units versus 6,241 units and Land Rover sales rise to 6,339 units versus 6,241 YoY. Foreign Institutional Investors (FIIs) sold shares worth Rs 357.82 crore and Domestic Institutional Investors sold Rs 791.59 crore worth of shares in the Indian equity market on Wednesday, as per provisional data available on the NSE.

The US New York Stock Exchange and Nasdaq were both closed on Wednesday to mark the day of mourning for the late former President George H.W. Bush, who died on November 30 at age 94.

Indian benchmarks extended losses for the second session on Wednesday by declining over 250 points on heavy selling in automobiles, banks, consumption, infrastructure, metals and pharma stocks amid weak global cues. Sentiment took a hit on weakness in other Asian and European markets following a sharp decline in long-term US Treasury yields and resurgent trade at Wall Street in overnight trade. Besides, outcome of the Reserve Bank of India meeting too failed to impress investors. The Monetary Policy Committee (MPC) kept interest rates unchanged at 6.50 per cent and 6.25 per cent respectively, but sharply cut the inflation targets for October-March. he 30-share benchmark ended at 35884.41 down by 249.9 points or by 0.69 per cent, while the NSE Nifty was at 10782.9 down by 86.6 points or by 0.62per cent.

Top traded Volumes on NSE Nifty – YES Bank Ltd. 52289539.00, Sun Pharmaceutical Industries Ltd. 48891969.00, Tata Motors Ltd. 14960527.00, State Bank of India 14893748.00, Hindalco Industries Ltd. 12875627.00,

On NSE, total number of shares traded was 137.63 Crore and total turnover stood at Rs. 29231.12 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 254266 with a total turnover of Rs. 16831.95 Crore. Along with this total number of contracts traded in stock futures were 829181 with a total turnover of Rs. 45691.03 Crore. Total numbers of contracts for index options were 11641510 with a total turnover of Rs. 649127.79 Crore. and total numbers of contracts for stock options were 605850 with a total turnover of Rs. 35100.51 Crore.

As on December 6, 2018, the FIIs stood as net seller in both equity and debt markets. Gross equity purchased stood at Rs. 5404.36 Crore and gross debt purchased stood at Rs. 984.98 Crore, while the gross equity sold stood at Rs. 5377.08 Crore and gross debt sold stood at Rs. 563.63 Crore. Therefore, the net investment of equity and debt reported were Rs. 27.28 Crore and Rs. 421.35.

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