Today domestic markets are likely to open positive as majority of Asian markets have opened with phenomenal gains. The US financial sector surged last night on positive remarks from Wall Street analyst Meredith Whitney. This helped the US markets gain at broader level and consequently markets across Asia are on the northward movement. Domestic markets are likely to open with a positive gap, which would be backed by financial stocks mainly. The early gain may however test the profit booking pressures.
On Monday, domestic markets closed lower. On the back of weak cues from Asian markets the domestic benchmark indices opened with blood bath. The falling consumer confidence numbers in US caused bearishness across Asian markets. There was lack of news in the domestic arena and therefore traders closely monitored the foreign markets. Simultaneously the surge in European markets helped domestic frontline stocks to pare off some of its early losses. Sectors like CG, Metal, Realty and Auto were the top losers of the day as they fell by 5.68%, 3.77%, 3.77% and 2.57% respectively. Selling pressure was more intense in the bottom line stocks as BSE Midcap and Smallcap closed plunged by 2.84% and 3.38% respectively. Today domestic markets are likely to trade positive.
The BSE Sensex closed low by 103.90 points at 13,400.32 and NSE Nifty lost 27.55 points at 3,976.35. BSE Mid Cap and Small Cap closed with losses of 133.98 points and 176.80 points at 4,584.61 and 5,057.70. The BSE Sensex touched intraday high of 13,461.68 and intraday low of 13,219.99.
On Monday, the US stocks markets closed with phenomenal gains. The Financial stocks were the charm of the day as they lifted the market sentiments at broader level. The early selling pressure was evaded by positive outlook of financial stocks. Wall Street analyst Meredith Whitney has given positive outlook of the financial sector by indicating that bank stocks have strong potential in the near-term. The analyst has also upgrade Goldman Sachs (GS 149.44, +7.57) rightly ahead of its latest quarterly earnings announcement on Tuesday. Investors are also optimistic about the results of Goldman. Regional and diversified banks managed to record remarkable gains of 6.3 per cent and 8 per cent respectively. Tomorrow the corporate forecasts, June PPI, June retail sales data, and business inventory data for May will influence the market sentiments. US light crude oil futures for August delivery closed at $59.70 per barrel down by 0.3 per cent on the New York Mercantile Exchange.
The Dow Jones Industrial Average (DJIA) closed higher by 185.16 points at 8,331.68. NASDAQ index gained 37.18 points to 1,793.21 and the S&P 500 (SPX) closed up by 21.92 points at 901.05.
Today major stock markets in Asia are trading in green. Hang Seng is up by 377.44 points at 17,632.07. Shanghai Composite is up by 47.93 points at 3,128.4894. Japan''s Nikkei is trading up by 182.13 points at 9,232.46. Strait Times is up by 35.72 points at 2,302.36.
Indian ADRs ended mixed on Monday. In the banking space, ICICI Bank was up 4.76% and HDFC Bank was up 2.25%. In the IT space, Infosys was up 0.78%, Patni Computers was up 1.35% while Wipro was down 2.35% and Satyam Computers was down 3.69%. In the telecom space, MTNL was down 1.33% and Tata Communication was down 1.54%. In other sectors, Sterlite Industries was up 3.39% while Dr Reddy''s Labs was down 2.06% and Tata Motors was down 0.51%.
On Monday, the partially convertible rupee ended at Rs 49.08/09, 0.1% lower than its previous close at 49.00/02. The rupee lost its strength due to fall in local stock markets.
The FIIs on Monday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 1,897.80 Crore and gross debt purchased stood at Rs 54.50 Crore while the gross equity sold stood at Rs 2,520.90 Crore and gross debt sold stood at Rs 546.60 Crore. Therefore, the net investment of equity reported was Rs (623.20) Crore and net debt was Rs (492.10) Crore.
On BSE, total number of shares traded were 29.59 Crore and total turnover stood at Rs 4,095.61 Crore. On NSE, total number of shares traded were 75.45 Crore and total turnover was Rs 13,248.49 Crore.
Top traded volumes on NSE Nifty – Unitech with total volume traded 88139666 shares, followed by Suzlon Energy with 46890032, DLF with 12060484, SAIL with 12024954 and Tata Steel with 9085426 shares.
On NSE Future and Options, total number of contracts traded in index futures was 660632 with a total turnover of Rs 12,516.99 Crore. Along with this total number of contracts traded in stock futures were 490381 with a total turnover of Rs 12,281.38 crore. Total numbers of contracts for index options were 1178647 with a total turnover of Rs 24,287.94 Crore and total numbers of contracts for stock options were 43438 and notional turnover was Rs 1,212.19 Crore.
Today, Nifty would have a support at 4,010 and resistance at 4,079 and BSE Sensex has support at 13,525 and resistance at 13,693.
On Monday, domestic markets closed lower. On the back of weak cues from Asian markets the domestic benchmark indices opened with blood bath. The falling consumer confidence numbers in US caused bearishness across Asian markets. There was lack of news in the domestic arena and therefore traders closely monitored the foreign markets. Simultaneously the surge in European markets helped domestic frontline stocks to pare off some of its early losses. Sectors like CG, Metal, Realty and Auto were the top losers of the day as they fell by 5.68%, 3.77%, 3.77% and 2.57% respectively. Selling pressure was more intense in the bottom line stocks as BSE Midcap and Smallcap closed plunged by 2.84% and 3.38% respectively. Today domestic markets are likely to trade positive.
The BSE Sensex closed low by 103.90 points at 13,400.32 and NSE Nifty lost 27.55 points at 3,976.35. BSE Mid Cap and Small Cap closed with losses of 133.98 points and 176.80 points at 4,584.61 and 5,057.70. The BSE Sensex touched intraday high of 13,461.68 and intraday low of 13,219.99.
On Monday, the US stocks markets closed with phenomenal gains. The Financial stocks were the charm of the day as they lifted the market sentiments at broader level. The early selling pressure was evaded by positive outlook of financial stocks. Wall Street analyst Meredith Whitney has given positive outlook of the financial sector by indicating that bank stocks have strong potential in the near-term. The analyst has also upgrade Goldman Sachs (GS 149.44, +7.57) rightly ahead of its latest quarterly earnings announcement on Tuesday. Investors are also optimistic about the results of Goldman. Regional and diversified banks managed to record remarkable gains of 6.3 per cent and 8 per cent respectively. Tomorrow the corporate forecasts, June PPI, June retail sales data, and business inventory data for May will influence the market sentiments. US light crude oil futures for August delivery closed at $59.70 per barrel down by 0.3 per cent on the New York Mercantile Exchange.
The Dow Jones Industrial Average (DJIA) closed higher by 185.16 points at 8,331.68. NASDAQ index gained 37.18 points to 1,793.21 and the S&P 500 (SPX) closed up by 21.92 points at 901.05.
Today major stock markets in Asia are trading in green. Hang Seng is up by 377.44 points at 17,632.07. Shanghai Composite is up by 47.93 points at 3,128.4894. Japan''s Nikkei is trading up by 182.13 points at 9,232.46. Strait Times is up by 35.72 points at 2,302.36.
Indian ADRs ended mixed on Monday. In the banking space, ICICI Bank was up 4.76% and HDFC Bank was up 2.25%. In the IT space, Infosys was up 0.78%, Patni Computers was up 1.35% while Wipro was down 2.35% and Satyam Computers was down 3.69%. In the telecom space, MTNL was down 1.33% and Tata Communication was down 1.54%. In other sectors, Sterlite Industries was up 3.39% while Dr Reddy''s Labs was down 2.06% and Tata Motors was down 0.51%.
On Monday, the partially convertible rupee ended at Rs 49.08/09, 0.1% lower than its previous close at 49.00/02. The rupee lost its strength due to fall in local stock markets.
The FIIs on Monday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 1,897.80 Crore and gross debt purchased stood at Rs 54.50 Crore while the gross equity sold stood at Rs 2,520.90 Crore and gross debt sold stood at Rs 546.60 Crore. Therefore, the net investment of equity reported was Rs (623.20) Crore and net debt was Rs (492.10) Crore.
On BSE, total number of shares traded were 29.59 Crore and total turnover stood at Rs 4,095.61 Crore. On NSE, total number of shares traded were 75.45 Crore and total turnover was Rs 13,248.49 Crore.
Top traded volumes on NSE Nifty – Unitech with total volume traded 88139666 shares, followed by Suzlon Energy with 46890032, DLF with 12060484, SAIL with 12024954 and Tata Steel with 9085426 shares.
On NSE Future and Options, total number of contracts traded in index futures was 660632 with a total turnover of Rs 12,516.99 Crore. Along with this total number of contracts traded in stock futures were 490381 with a total turnover of Rs 12,281.38 crore. Total numbers of contracts for index options were 1178647 with a total turnover of Rs 24,287.94 Crore and total numbers of contracts for stock options were 43438 and notional turnover was Rs 1,212.19 Crore.
Today, Nifty would have a support at 4,010 and resistance at 4,079 and BSE Sensex has support at 13,525 and resistance at 13,693.
No comments:
Post a Comment