Pre-Session: Domestic bourses likely to open in red on Wednesday
25/03/2020 08:35

Indian benchmark indices are expected to open in red as the biggest factor impacting investor sentiment today will be the 21-day nationwide lockdown announced by Prime Minister Narendra Modi yesterday to contain the spread of fast-spreading novel coronavirus -- the COVID-19. The nationwide lockdown came into effect on Tuesday midnight and will continue until April 14.

The government has already deferred deadlines for filing tax returns, extended a tax amnesty program and promised more measures to support the economy amid the pandemic that has infected 421,413 people globally and 519 in India. 18,810 people have died from the virus across the world.

Experts said investors were pinning hopes on a big-bang stimulus package from the finance minister and although she did announce a slew of relief measures, she deferred major announcing an economic stimulus package.

On Tuesday, the 30-share benchmark index ended at 26674.03 up by 692.79 points or by 2.67 % and then NSE Nifty was at 7801.05 up by 190.8 points or by 2.51 %.

On the flobal front, the rest of the global markets closed in the green. Much of it has to do with the Wall street where the Dow soared 11.37 per cent, its biggest one-day percentage gain since 1933 after US lawmakers said they were close to a deal on a $2 trillion stimulus package to curb the coronavirus pandemic’s economic toll. The announcement injected optimism among the nervous investors and all three main US stock indexes rebounded strongly from Monday's brutal selloff. The S&P 500 jumped 9.4 per cent and the Nasdaq Composite rallied over 8 per cent.

Asian shares extended their rally on Wednesday in the wake of Wall Street’s big gains. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3 per cent with Australian shares rising 4.5 per cent and South Korean shares gaining 4 per cent. Japan’s Nikkei added 2 per cent. Back home, Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 67896591.00, State Bank of India 67492010.00, ITC Ltd. 52569242.00, Axis Bank Ltd. 50683611.00, Tata Motors Ltd. 49553202.00,

On NSE, total number of shares traded was 206.91 Crore and total turnover stood at Rs. 40635.43 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 607162 with a total turnover of Rs. 30143.20 Crore. Along with this total number of contracts traded in stock futures were 1273086 with a total turnover of Rs. 53275.88 Crore. Total numbers of contracts for index options were 5552924 with a total turnover of Rs. 312926.32 Crore. and total numbers of contracts for stock options were 409230 with a total turnover of Rs. 20471.99 Crore.

The FIIs on 24/03/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5767.26 Crore and gross debt purchased stood at Rs. 2032.28 Crore, while the gross equity sold stood at Rs. 8407.39 Crore and gross debt sold stood at Rs. 3601.14 Crore. Therefore, the net investment of equity and debt reported were Rs. -2640.13 Crore and Rs. -1568.86