Pre-Session: Sensex, Nifty likely to start in green on Wednesday
09/10/2019 08:40

Indian benchmarks are expected to start the day on a positive note on Wednesday. Markets will resume trading after a day's holiday and will watch out for Q2 results of about 6 companies, including Goa Carbon, that are scheduled to announce results later in the day.

Investors with global equity exposure may eye minutes of the Federal Reserve's September monetary policy meeting scheduled to be released later today. Fed chair Jerome Powell, in a speech on Tuesday, flagged openness to further rate cuts.

Global markets were spooked on Wednesday after the U.S. imposed visa restrictions on Chinese officials and the added more Chinese companies to a trade blacklist. Remember, delegations from both the sides are scheduled to meet tomorrow to discuss the year-long trade dispute.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent. Japan's Nikkei slid 0.81 per cent and Australian shares were down 0.92 per cent On Wall Street, the Dow Jones fell 1.19 per cent, the S&P500 slipped 1.56 per cent, and the Nasdaq Composite declined by 1.67 per cent during the overnight trade on Tuesday.

Back home, on Monday, the 30-share benchmark ended at 37531.98 down by -141.33 points or by -0.38 % and then NSE Nifty was at 11126.4 down by -48.35 points or by -0.43 %.

Top traded Volumes on NSE Nifty – YES Bank Ltd. 355287494.00, Zee Entertainment Enterprises Ltd. 52976308.00, State Bank of India 39160623.00, Tata Motors Ltd. 35471184.00, Indiabulls Housing Finance Ltd. 31275080.00,

On NSE, total number of shares traded was 168.19 Crore and total turnover stood at Rs. 30745.99 Crore. On NSE Future and Options, total number of contracts traded in index futures was 353760 with a total turnover of Rs. 23579.85 Crore. Along with this total number of contracts traded in stock futures were 804670 with a total turnover of Rs. 40851.46 Crore. Total numbers of contracts for index options were 11599049 with a total turnover of Rs. 770230.89 Crore. and total numbers of contracts for stock options were 605882 with a total turnover of Rs. 32014.06 Crore.

The FIIs on 07/10/2019 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5130.04 Crore and gross debt purchased stood at Rs. 1841.53 Crore, while the gross equity sold stood at Rs. 6007.58 Crore and gross debt sold stood at Rs. 1069.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -877.54 Crore and Rs. 772.52