Pre Session: Sensex, Nifty seen opening flat on mixed global cues
13/03/2018 08:20

The Indian equities are likely to open flat on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend across the Asian markets. Overseas, markets across Asia were trading on soft note as investor sentiment were spooked by the President Donald Trump's tariffs on steel and aluminum imports, which could trigger a trade war. In the overnight trade, Wall Street ended mostly lower ahead of US consumer price data due today which may have impact on the Federal Reserve monetary policy stance. Back home, muted trend in the SGX Nifty Index Futures for March delivery, which was trading at 10,424.50, down by 7.5 points or 0.07 per cent, at 10:42 AM Singapore time, also signaled a flat to negative start for local bourses. On the economy front, investor will react to macro data as the industrial productivity expanded to 7.5 per cent in January, while retail inflation eases to 4-month low of 4.4 per cent in February. Meanwhile, core inflation remains elevated at above 5 per cent, paving little space for the RBI to ease the interest rate. On the corporate front, shares of Reliance Infratel will remain in focus as the National Company Law Tribunal (NCLT) stayed the sale of company’s assets to Reliance Jio Infocomm (RJio) as per a debt resolution plan approved by lenders in December 2017. Among others, shares of Bharti Airtel will see some movement as the board of the company has approved raising of about Rs 165 billion which will be used for refinancing of existing debt and spectrum liabilities.

On Monday, the Indian equities ended on robust note, tracking firm cues from Asian peers, led by strong buying in index heavyweights such as ONGC, IOC, HPCL, Bharti Airtel, NTPC, ITC, Tata Motors and Tata Steel. All the thirteen sectoral indices ended in green, while metal and oil&gas stocks emerged as top gainers on BSE, rising as much as 2.32 per cent and 2.13 per cent, respectively. The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3088, shares advanced were 1469, while 1443 shares declined, and 176 were unchanged. The 30-share benchmark index closed at 33917.94, up by 610.8 points or by 1.83 per cent, and the NSE Nifty ended at 10421.4, up by 194.55 points or by 1.9 per cent. Top traded volumes on NSE Nifty were State Bank of India 25332474.00, ITC Ltd. 19900387.00, Indian Oil Corporation Ltd. 13848992.00, YES Bank Ltd. 12860205.00, Tata Steel Ltd. 12193581.00.

On NSE, total number of shares traded was 150.95 Crore and total turnover stood at Rs. 27068.13 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 302505 with a total turnover of Rs. 25577.05 Crore. Along with this total number of contracts traded in stock futures were 724708 with a total turnover of Rs. 48778.59 Crore. Total numbers of contracts for index options were 5036339 with a total turnover of Rs. 442288.80 Crore and total numbers of contracts for stock options were 485113 with a total turnover of Rs. 34016.81 Crore.

As on March 12, 2017 the FIIs turned as net seller in debt market, but turned net buyer in equity segment. Gross equity purchased stood at Rs. 4598.74 Crore and gross debt purchased stood at Rs. 770.24 Crore, while the gross equity sold stood at Rs. 3990.76 Crore and gross debt sold stood at Rs. 3163.55 Crore. Therefore, the net investment of equity and debt reported were Rs. 607.98 Crore and Rs. -2393.31.