Share Wealth

Indian benchmark indices are expected to start the day on flat note today. However, an uptick in stock markets globally supported by a fall in coornavirus cases and expectations of more Chinese stimulus is likely to keep the Dalal Street's mood upbeat today. China reported a dramatic drop in new cases in the province at the heart of the coronavirus outbreak, while scientists reported the new virus may spread even more easily than previously believed. China’s central Hubei province had 349 new confirmed cases on Wednesday, the lowest since January 25.

Further, foreign fund flow, the Rupee's trajectory, and the oil price movement will also influence investor sentiment.

On Wednesday, the 30-share benchmark index ended at 41323 up by 428.62 points or by 1.05 % and then NSE Nifty was at 12125.9 up by 133.4 points or by 1.11 %.

On the global front, US and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases. The Dow Jones Industrial Average rose 0.4 per cent. The S&P 500 gained 0.5 per cent, and the Nasdaq Composite added 0.87 per cent. Asian stocks, too, edged up on Thursday.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 per cent. Japan’s Nikkei rallied 1.5 per cent while markets in Australia and New Zealand minted record highs. The SGX Nifty, though, suggested a flat to negative start for the Sensex and Nifty today.

Back home, Top traded Volumes on NSE Nifty – YES Bank Ltd. 127701131.00, Tata Motors Ltd. 78914233.00, State Bank of India 39846727.00, Bharti Infratel Ltd. 22582088.00, Oil And Natural Gas Corporation Ltd. 21806183.00, On NSE, total number of shares traded was 23.94 Crore and total turnover stood at Rs. 37864.05 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 298622 with a total turnover of Rs. 22825.82 Crore. Along with this total number of contracts traded in stock futures were 848227 with a total turnover of Rs. 56887.84 Crore. Total numbers of contracts for index options were 22187070 with a total turnover of Rs. 1583679.74 Crore. and total numbers of contracts for stock options were 1056843 with a total turnover of Rs. 75617.36 Crore.

The FIIs on 18/02/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4177.32 Crore and gross debt purchased stood at Rs. 1424.43 Crore, while the gross equity sold stood at Rs. 4004.00 Crore and gross debt sold stood at Rs. 1542.84 Crore. Therefore, the net investment of equity and debt reported were Rs. 173.32 Crore and Rs. -118.41.