Daily Morning Note by BSE Securities - 4 June 2013
The markets opened on a soft note and slipped lower yet initially managed to trade near the previous close. Selling pressure led the markets lower and indices gradually drifted downwards closing the day on a weak note. Among the sectoral indices IT gained more than 1% while Realty & Oil & Gas lost more than 1% each .In the Sensex stocks Infosys (4.42%), Jindal Steel (2.25%) and Tata Steel (1.64%) were the gainers while Hero Motocorp (3.65%), Bajaj Auto (3.32%), ONGC (2.85%) were among the major losers. The Sensex lost 150 points or 0.76% to close at 19,610 and the Nifty lost 47 points or 0.78% to close at 5,939.
Total traded turnover stood at Rs 143,618 cr. In equities FIIs were net sellers (Rs 87 cr) while DIIs sellers of (Rs 72 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 1,076 cr) Stock Options (Rs 67 cr) while they were net buyers in Index Options (Rs 652 cr) Stock Futures (Rs 369 cr).
The US markets ended higher in a volatile session as mixed economic data raised concern on economic recovery but eased fears of early withdrawal of stimulus programme.. The Dow Jones gained 138 points or 0.92% to close 15,116 while the NASDAQ gained 9 points or 0.27% to close at 3,465.
Asian cturing data eased worries about Federal Reserve’s stimulus programme, although investors were cautious before a more important jobs report later in the week. Indian indices are also expected to open on a flattish note and global developments will be monitored closely for further direction.
The Asian markets are trading higher. Nikkei is trading higher by 0.64% while Hang Seng is trading higher by 0.04%.
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