Pre-Session: Negative start on cards for Sensex, Nifty
08/11/2019 08:30

Indian benchmarks are expected to start the day on a negative note on Friday. September quarter results and ease in trade tensions between the US and China would be the key factors driving the markets today.

About 180 companies, including Ashok Leyland, Bank of Baroda, Eicher Motors, M&M, and Nestle are scheduled to report their Q2 earnings today.

Further, investors may also remain on the sidelines as India’s credit ratings outlook was cut to negative from stable by Moody’s Investors Service on concern the government won’t be able to help stunted economic growth. Moody’s cited a growing debt burden and the government’s struggle to narrow the budget deficit, said a report.

That apart, investors could react to rejig in the MSCI index. Berger Paints, Colgate Palmolive, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, InfoEdge, and Siemens have been included under the November review, while Glenmark Pharma, Indiabulls Housing Finance, Vodafone Idea and YES Bank have been dropped.

On Thursday, the 30-share benchmark index ended at 40653.74 up by 183.96 points or by 0.45 % and then NSE Nifty was at 12012.05 up by 46 points or by 0.38 %.

On the global front, On Wall Street, the Dow Jones and the S&P 500, gained 0.66 per cent and 0.27 per cent, respectively, to settle at record closing highs during the overnight trade on Thursday. The Nasdaq Composite, too, added 0.28 per cent.

Asian markets were trading higher after China said it had agreed with the United States to cancel tariffs in phases. China and the United States have agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal, officials from both sides said on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 per cent in early trade while Tokyo’s Nikkei jumped 0.75 per cent to a 13-month high.

Back home, Top traded Volumes on NSE Nifty – YES Bank Ltd. 189859140.00, Tata Steel Ltd. 40700760.00, Tata Motors Ltd. 38625387.00, State Bank of India 33926772.00, ICICI Bank Ltd. 18312032.00,

On NSE, total number of shares traded was 193.63 Crore and total turnover stood at Rs. 40477.44 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 318868 with a total turnover of Rs. 22948.61 Crore. Along with this total number of contracts traded in stock futures were 909155 with a total turnover of Rs. 49243.60 Crore. Total numbers of contracts for index options were 40912793 with a total turnover of Rs. 2746401.87 Crore. and total numbers of contracts for stock options were 779157 with a total turnover of Rs. 45053.48 Crore.

The FIIs on 07/11/2019 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6071.98 Crore and gross debt purchased stood at Rs. 4104.29 Crore, while the gross equity sold stood at Rs. 4810.11 Crore and gross debt sold stood at Rs. 1360.49 Crore. Therefore, the net investment of equity and debt reported were Rs. 1261.87 Crore and Rs. 2743.80