Pre Session- Sensex set to open on a positive note amid global
cues
16/01/2014 08:36
The key domestic benchmarks may witness a positive opening today tracking firm cues from their fellow Asian peers and a bullish closing on Wall Street overnight. Asian stocks rose today mirroring a record high closing for US stocks as better than expected US corporate earnings numbers boosted optimism over the health of the world’s biggest economy. China’s Shanghai Composite rose even as China’s foreign direct investment grew by 5.3 per cent in the twelve months to December 2013, year on year, down from 5.5 per cent growth in the January-November 2013 period. Hang Seng was trading higher while Japan’s Nikkei 225 continued its upward journey after Japan’s core machinery orders jumped for the second straight month in November, signaling robust capital investment in the world’s third biggest economy . Core machinery orders, a proxy for future capital spending rose 9.3 per cent in November. Back on the domestic front, investors remain hopeful that the RBI will maintain status quo on interest rates after wholesale inflation eased to a five-month low, giving the central bank more room to support economic growth. The stocks of Axis Bank and TCS will be in focus ahead of their Q3 earnings numbers due today.
US stocks rose on Wednesday with the benchmark S&P 500 rallying to a record high after the World Bank lifted global economic growth forecast while financial stocks climbed after better than expected earnings of Bank of America. The World Bank expects higher global growth in 2014 underpinned by a recovery in advanced economies amid easing fiscal strains in the Euro area and faster growth in the US economy, which was tipped to grow at a rate twice that of Japan’s. The growth forecast for richer economies was raised to 2.2 per cent in 2014, up from 2 per cent estimated earlier. The IMF predicted the momentum in the world economy seen in H2 2013 to continue this year. Manufacturing activity in the New York region expanded at a faster pace this month, signaling a pickup in the world’s biggest economy. The Federal Reserve Bank of New York’s general economic index surged to 12.5 in January, up from 2.2 in the previous month, with a reading above 0 signaling expansion. The Fed in its beige book reported moderate growth in most of the US last month driven by holiday spending by consumers, an improving labour market and manufacturing gains. US wholesale prices climbed for the first time in three months in December 2013, capping the smallest annual gain in five years. The Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 rallied driven by gains in telephone, financial and technology shares. Bank of America surged after the lender said that profits more than quadrupled in Q4 2013.
The FIIs on 15/01/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5362.00 Crore and gross debt purchased stood at Rs. 5685.70 Crore, while the gross equity sold stood at Rs. 5190.20 Crore and gross debt sold stood at Rs. 396.30 Crore. Therefore, the net investment of equity and debt reported were Rs. 171.80 Crore and Rs. 5289.40 crore.
Top traded Volumes on NSE Nifty – Jaiprakash Associates Ltd. 20054482.00, Coal India Ltd. 18564061.00, IDFC Ltd. 6764682.00, ITC Ltd. 5899190.00 and NTPC Ltd. 5583147.00.
On BSE, total number of shares traded was 18.61 Crore and total turnover stood at Rs. 1877.54 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 409853 with a total turnover of Rs. 12457.89 Crore. Along with this total number of contracts traded in stock futures were 532443 with a total turnover of Rs. 17697.30 Crore. Total numbers of contracts for index options were 3673896 with a total turnover of Rs. 114874.81 Crore and total numbers of contracts for stock options were 314074 with a total turnover of Rs. 10589.73 Crore.
16/01/2014 08:36
The key domestic benchmarks may witness a positive opening today tracking firm cues from their fellow Asian peers and a bullish closing on Wall Street overnight. Asian stocks rose today mirroring a record high closing for US stocks as better than expected US corporate earnings numbers boosted optimism over the health of the world’s biggest economy. China’s Shanghai Composite rose even as China’s foreign direct investment grew by 5.3 per cent in the twelve months to December 2013, year on year, down from 5.5 per cent growth in the January-November 2013 period. Hang Seng was trading higher while Japan’s Nikkei 225 continued its upward journey after Japan’s core machinery orders jumped for the second straight month in November, signaling robust capital investment in the world’s third biggest economy . Core machinery orders, a proxy for future capital spending rose 9.3 per cent in November. Back on the domestic front, investors remain hopeful that the RBI will maintain status quo on interest rates after wholesale inflation eased to a five-month low, giving the central bank more room to support economic growth. The stocks of Axis Bank and TCS will be in focus ahead of their Q3 earnings numbers due today.
US stocks rose on Wednesday with the benchmark S&P 500 rallying to a record high after the World Bank lifted global economic growth forecast while financial stocks climbed after better than expected earnings of Bank of America. The World Bank expects higher global growth in 2014 underpinned by a recovery in advanced economies amid easing fiscal strains in the Euro area and faster growth in the US economy, which was tipped to grow at a rate twice that of Japan’s. The growth forecast for richer economies was raised to 2.2 per cent in 2014, up from 2 per cent estimated earlier. The IMF predicted the momentum in the world economy seen in H2 2013 to continue this year. Manufacturing activity in the New York region expanded at a faster pace this month, signaling a pickup in the world’s biggest economy. The Federal Reserve Bank of New York’s general economic index surged to 12.5 in January, up from 2.2 in the previous month, with a reading above 0 signaling expansion. The Fed in its beige book reported moderate growth in most of the US last month driven by holiday spending by consumers, an improving labour market and manufacturing gains. US wholesale prices climbed for the first time in three months in December 2013, capping the smallest annual gain in five years. The Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 rallied driven by gains in telephone, financial and technology shares. Bank of America surged after the lender said that profits more than quadrupled in Q4 2013.
The FIIs on 15/01/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5362.00 Crore and gross debt purchased stood at Rs. 5685.70 Crore, while the gross equity sold stood at Rs. 5190.20 Crore and gross debt sold stood at Rs. 396.30 Crore. Therefore, the net investment of equity and debt reported were Rs. 171.80 Crore and Rs. 5289.40 crore.
Top traded Volumes on NSE Nifty – Jaiprakash Associates Ltd. 20054482.00, Coal India Ltd. 18564061.00, IDFC Ltd. 6764682.00, ITC Ltd. 5899190.00 and NTPC Ltd. 5583147.00.
On BSE, total number of shares traded was 18.61 Crore and total turnover stood at Rs. 1877.54 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 409853 with a total turnover of Rs. 12457.89 Crore. Along with this total number of contracts traded in stock futures were 532443 with a total turnover of Rs. 17697.30 Crore. Total numbers of contracts for index options were 3673896 with a total turnover of Rs. 114874.81 Crore and total numbers of contracts for stock options were 314074 with a total turnover of Rs. 10589.73 Crore.
