News Details
Category : Market
Headline : Pre Session: Gap up opening seen for Sensex, Nifty; Infy, Fortis Healthcare shares in focus
Date: 13/07/2018 08:32
Indian equity markets may extend gaining streak on Friday, tracking bullish trend across SGX Nifty Index Futures and firm cues across other Asian markets. Overseas, Asian stocks were trading higher, mirroring positive closing at Wall Street in overnight trade, amid easing trade war between US and China. Back home, bullish trends in the SGX Nifty Index Futures for July delivery, which were trading at 11,048.50, up by 25.00 point or 0.23 per cent, at 10:54 AM Singapore time, also indicated a positive opening for local bourses. On the economy front, macro data showed that industrial output slowed while retail inflation spiked, raising concerns over the growth of the Asia’s third largest economy. On the corporate front, shares of Fortis Healthcare will remain in focus after the company said that its board has unanimously decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest INR 4,000 crore by way of preferential allotment at a price per share of Rs 170. Among others, traders will also keep an eye on shares of IT bellwether Infosys as it will announce their quarterly numbers later in the day.

On Thursday, Indian benchmarks ended at record closing high driven by gains in financial and energy stocks as optimism around corporate earnings and stronger Asian shares boosted sentiment. Oil-to-telecom conglomerate Reliance Industries jumped 4.42 per cent to hit its all-time closing high, re-entering the USD 100 billion market cap club. An appreciating rupee, sustained buying by domestic institutional investors (DIIs), fresh foreign capital inflows and encouraging start to the earnings season contributed to the uptrend, brokers said. The 30-share benchmark index ended at 36548.41 up by 282.48 points or by 0.78 per cent, while the NSE Nifty was at 11023.2 up by 74.9 points or by 0.68 per cent.

Top traded Volumes on NSE Nifty were Reliance Industries Ltd. 24109297.00, Indian Oil Corporation Ltd. 20040131.00, YES Bank Ltd. 17868601.00, Vedanta Ltd. 16378996.00, ICICI Bank Ltd. 15837704.00.

On NSE, total number of shares traded was 138.90 Crore and total turnover stood at Rs. 30463.80 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 235605 with a total turnover of Rs. 21970.34 Crore. Along with this total number of contracts traded in stock futures were 833773 with a total turnover of Rs. 58960.87 Crore. Total numbers of contracts for index options were 14949050 with a total turnover of Rs. 1561547.62 Crore and total numbers of contracts for stock options were 810457 with a total turnover of Rs. 63700.02 Crore.

As on July 12, 2018, the FIIs stood as net buyer in both equity and debt markets. Gross equity purchased stood at Rs. 5220.19 Crore and gross debt purchased stood at Rs. 829.49 Crore, while the gross equity sold stood at Rs. 4299.98 Crore and gross debt sold stood at Rs. 100.63 Crore. Therefore, the net investment of equity and debt reported were Rs. 920.21 Crore and Rs. 728.86.