Pre Session: Sensex, Nifty seen opening higher on firm global cues; Vedanta, NBCC shares in focus
14/09/2018 08:32

Indian equities may open higher on Friday, tracking bullish trend across SGX Nifty Index Futures and positive cues from global peers. Overseas, Asian stocks were trading higher, following positive closing at Wall Street in overnight trade, as investor were buoyed by report that United States and China to resolve the on-going trade dispute, while a sharp interest rate hike in Turkey also boosted demand for risker appetite, Reuters reported. Back home, bullish trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,489.50, up by 44.50 points or 0.39 per cent, at 10:50 AM, Singapore Time, also indicated a positive opening for local bourses. Traders will react to IIP, inflation numbers as they offer some respite to the economy which is going through tough phase amid falling rupee and rising crude oil prices. Industrial output grows at 6.6 per cent in July, while retail inflation slows to a 10-month low of 3.69 per cent in August. On the economy front, the government will issue Wholesale Price Index (WPI) inflation data after-market hours today. On the corporate front, shares of Vedanta will remain in focus after the company said it has discovered natural gas in a Krishna Godavari basin block in the Bay of Bengal. Among others, NBCC shares will also see some movement after the company announced to buy out 100 per cent government stake in HSCC in a deal worth Rs 285 crore.

On Wednesday, Indian equities ended higher ahead of release of the key macro data, led by gains in surge in buying in FMCG, metal, capital goods and consumer durables stocks amid firm cues from European markets. The government will issue consumer price inflation for August and index of industrial production data for July after 5.30 PM today. Adding to it, recovery in rupee amid reports that Prime Minister Modi will be holding a meeting over the weekend to review the economic situation and the rupee condition also boosted sentiment at Dalal-Street. The 30-share benchmark index closed trade at 37717.96, up by 304.83 points or by 0.81 per cent, and the NSE Nifty ended at 11369.9, up by 82.4 points or by 0.73 per cent.

Top traded Volumes on NSE Nifty were YES Bank Ltd. 26121445.00, State Bank of India 22717796.00, ITC Ltd. 19423600.00, ICICI Bank Ltd. 15263406.00, Tata Motors Ltd. 14456273.00.

On NSE, total number of shares traded was 158.25 Crore and total turnover stood at Rs. 33345.82 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 297889 with a total turnover of Rs. 28286.21 Crore. Along with this total number of contracts traded in stock futures were 924890 with a total turnover of Rs. 65249.85 Crore. Total numbers of contracts for index options were 20077057 with a total turnover of Rs. 2110941.40 Crore and total numbers of contracts for stock options were 749488 with a total turnover of Rs. 57366.75 Crore.

As on September 12, 2018, the FIIs stood as net seller in equity market, but net buyer in debt segment. Gross equity purchased stood at Rs. 8066.35 Crore and gross debt purchased stood at Rs. 1064.47 Crore, while the gross equity sold stood at Rs. 9461.75 Crore and gross debt sold stood at Rs. 975.14 Crore. Therefore, the net investment of equity and debt reported were Rs. -1395.40 Crore and Rs. 89.33.