Pre Session: Sensex, Nifty likely to open flat; Spicejet, Wipro in focus
14/03/2019 08:40

Indian frontline benchmark indices are likely to start on a flat note on Thursday as trends on SGX Nifty indicate a flat opening for the broader index in India. Stock-specific action, movement of rupee against the US dollar, and crude oil prices will influence market. Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world’s second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote. US stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets. Back home, bullish trends in the SGX Nifty Index Futures for March delivery, which were trading at 11,384.50, up by 1.00 points or 0.01 per cent, at 11:06 AM, Singapore Time, also indicated a flat start for local bourses. Oil prices nudged higher on Thursday to sit just off a four-month high reached in the previous session as investors focused on global production cuts and supply disruptions in Venezuela. The Indian rupee Wednesday clocked its third straight session gains, rising 17 paise to close at a fresh two-month high of 69.54 against the US dollar on sustained foreign fund flows. On the macro front, Reserve Bank on Wednesday said it will inject long-term liquidity worth $5 billion into the system through foreign exchange swap arrangement with banks for three years. The swap will be in the nature of a simple buy/sell foreign exchange swap from the Reserve Bank side. On the corporate front, SpiceJet will seek compensation from Boeing and demand credit on maintenance, repair, and overhaul for the 12 grounded 737 MAX aircraft. The airline, which had an aggressive expansion plan that banked on the delivery of the Boeing 737 Max, will now look to lease old planes. Wipro chairman Azim Premji has earmarked another 34 percent of his equity in Wipro worth Rs 52,750 crore towards Azim Premji Foundation. Indian Oil Corporation has called a board meeting on March 19 to consider paying a second interim dividend. According to reports, Zee may sell 20% stake to Sony for Rs 13,000 crore. The 30-share index settled at 37752.17 up by 216.51 points or by 0.58 per cent and then NSE Nifty was at 11341.7 up by 40.5 points or by 0.36 per cent. The BSE Sensex touched intraday high of 37797.29 and intraday low of 37478.87 The NSE Nifty touched intraday high of 11352.3 and intraday low of 11276.6.

Top traded Volumes on NSE Nifty – YES Bank Ltd. 58883298.00, State Bank of India 23725641.00, Oil and Natural Gas Corporation Ltd. 21001041.00, Indian Oil Corporation Ltd. 20116619.00, ICICI Bank Ltd. 19574619.00,

On NSE, total number of shares traded was 169.52 Crore and total turnover stood at Rs. 39484.38 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 347792 with a total turnover of Rs. 23886.17 Crore. Along with this total number of contracts traded in stock futures were 872618 with a total turnover of Rs. 54363.92 Crore. Total numbers of contracts for index options were 18593785 with a total turnover of Rs. 1180437.16 Crore. and total numbers of contracts for stock options were 861357 with a total turnover of Rs. 55950.08 Crore.

As on March 13, 2019, the FIIs stood as net buyer in equity and debt market. Gross equity purchased stood at Rs. 10068.51 Crore and gross debt purchased stood at Rs. 3445.76 Crore, while the gross equity sold stood at Rs. 6511.78 Crore and gross debt sold stood at Rs. 3118.70 Crore. Therefore, the net investment of equity and debt reported were Rs. 3556.73 Crore and Rs. 327.06.