Daily Morning Note by BSE Securities
The markets opened on a weak note tracking cues from the global peers. Witnessing volatility the markets moved around the previous close for majority of the session and moved higher in the late session closing the day with minor gains. Among the sectoral indices Auto & FMCG gained while Realty & Metals were among the losers. In the Sensex stocks M&M (4.61%), Tata Motors (4.31%) and ITC (3.51%) were the major gainers while Cipla (4.62%), Tata Steel (3.90%), Hindalco (3.18%) were among the losers. The Sensex gained 68 points or 0.34% to close at 20,215 and the Nifty gained 20 points or 0.32% to close at 6,124.
Total traded turnover stood at Rs 335,307 cr. In equities FIIs were net buyers (Rs 787 cr) while DIIs sellers of (Rs 314 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 1,168 cr) Index Options (Rs 323 cr) & Stock Options (Rs 272 cr) while they were net sellers in Stock Futures (Rs 235 cr).
The US markets higher as slightly lower than estimated GDP numbers coupled with an unexpected increase in initial jobless claims led to expectations of continued monetary stimulus from the Federal Reserve. The Dow Jones gained 22 points or 0.14% to close 15,325 while the NASDAQ gained 24 points or 0.69% to close at 3,491.
Asian markets are trading steady tracking global markets which recovered overnight after lackluster U.S data eased concerns about an early end to the Federal Reserve’s strong stimulus programmer Indian indices are also expected to open marginally higher and focus is expected to remain on quarterly GDP numbers & global developments for further direction.
The Asian markets are trading mixed. Nikkei is trading higher by 1.62% while Hang Seng is trading flat. Read detailed report
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