Pre Session- Positive opening likely for D-Street ahead of Yellen speech
26/08/2016 08:32
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Indian equity benchmarks are set to witness a gap up opening on Friday as traders across the globe awaited a highly anticipated speech from US Fed Chair Janet Yellen at Jackson Hole today which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy. Gains in the CNX Nifty Index Futures for September delivery which were trading at 8,660.5, up by 0.22 per cent or 19 points at 10:40 AM Singapore time, signal that the Sensex may open on a bullish note today. Investors are waiting to see whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. Bets of the Fed raising interest rates before the end of the year have risen over the past month amid signs of improvement in the US economy. A sign of near-term US monetary tightening may result in volatility in capital flows into emerging markets including Asia’s third biggest economy. Shares of Tata Motors will be in focus as the automobile giant reveals its April-June 2016 quarter report card. Snapping a two-day drop, the 30-share Sensex on Thursday fell 224.03 points or by 0.8 per cent to 27,835.91 as Infosys nosedived amid the expiry of the August Futures & Options (F&O) contracts while traders were cautious ahead of Yellen speech.
Asian shares were mixed in the wake of caution ahead of Yellen’s speech later on Friday which may offer cues over the timing of the next Fed rate hike. Shanghai Composite and Hang Seng rose but Nikkei 225 declined as Japan’s core consumer prices fell 0.5 per cent, year-on-year, a sign that the country remains mired in deflation. US stocks retreated on Thursday as fresh economic data raised the odds of a near-term Fed rate rise. While US jobless claims fell to a five-week low, down by 1,000 to 261,000 last week, orders for business equipment in July climbed the most since January, up 1.6 per cent from June.
Top traded Volumes on NSE Nifty – State Bank of India 21230706.00, Axis Bank Ltd. 17177795.00, ICICI Bank Ltd. 13546690.00, Bharat Heavy Electricals Ltd. 13325383.00 and Bank of Baroda 10027674.00.
On BSE, total number of shares traded was 51.01 Crore and total turnover stood at Rs. 5797.14 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 485228 with a total turnover of Rs. 33057.31 Crore. Along with this total number of contracts traded in stock futures were 1543846 with a total turnover of Rs. 103248.96 Crore. Total numbers of contracts for index options were 8378854 with a total turnover of Rs. 570663.36 Crore and total numbers of contracts for stock options were 468928 with a total turnover of Rs. 33026.20 Crore.
The FIIs on 25/08/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 3108.33 Crore and gross debt purchased stood at Rs. 1764.76 Crore, while the gross equity sold stood at Rs. 3140.90 Crore and gross debt sold stood at Rs. 2132.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -32.57 Crore and Rs. -367.65 Crore.
26/08/2016 08:32
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Asian shares were mixed in the wake of caution ahead of Yellen’s speech later on Friday which may offer cues over the timing of the next Fed rate hike. Shanghai Composite and Hang Seng rose but Nikkei 225 declined as Japan’s core consumer prices fell 0.5 per cent, year-on-year, a sign that the country remains mired in deflation. US stocks retreated on Thursday as fresh economic data raised the odds of a near-term Fed rate rise. While US jobless claims fell to a five-week low, down by 1,000 to 261,000 last week, orders for business equipment in July climbed the most since January, up 1.6 per cent from June.
Top traded Volumes on NSE Nifty – State Bank of India 21230706.00, Axis Bank Ltd. 17177795.00, ICICI Bank Ltd. 13546690.00, Bharat Heavy Electricals Ltd. 13325383.00 and Bank of Baroda 10027674.00.
On BSE, total number of shares traded was 51.01 Crore and total turnover stood at Rs. 5797.14 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 485228 with a total turnover of Rs. 33057.31 Crore. Along with this total number of contracts traded in stock futures were 1543846 with a total turnover of Rs. 103248.96 Crore. Total numbers of contracts for index options were 8378854 with a total turnover of Rs. 570663.36 Crore and total numbers of contracts for stock options were 468928 with a total turnover of Rs. 33026.20 Crore.
The FIIs on 25/08/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 3108.33 Crore and gross debt purchased stood at Rs. 1764.76 Crore, while the gross equity sold stood at Rs. 3140.90 Crore and gross debt sold stood at Rs. 2132.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -32.57 Crore and Rs. -367.65 Crore.
