Pre-market: Sensex to open flat amid weak global cues 25/06/2014

Pre-market: Sensex to open flat amid weak global cues
25/06/2014 08:44
The 30-share benchmark index of the Bombay Stock Exchange, Sensex is expected to open on a flat note this morning tracking weak cues from most of the Asian markets. The bearish trend in the Asian markets arise over rising concerns in Iraq, following which the US markets also ended lower on Tuesday.

Among the Asian stocks, Japan’s Nikkei 225 was down by nearly 65 points at 15,331; China’s Shanghai Composite was at 2,026, down by 7 points; and Taiwan Index was down by 10 points at 9,236. On the other hand, Hong Kong’s Hang Seng and Singapore’s Straits Times were trading up by 36 and 2 points, respectively in the morning trading session.

Back home, investors are expected to remain on the sidelines ahead of the expiry of derivatives contracts. Furthermore, investors are likely to remain conscious till the presentation of Federal Budget on July 10 as the PM hinted towards taking tough steps to revive the country’s economy. On Tuesday, Sensex rebounded 337.58 points to end at 25,368.90, while the 50-share Nifty index ended at 7580, up by 86 points. On BSE, total number of shares traded was 37.95 Crore and total turnover stood at Rs. 3608.47 Crore.

The FIIs on 24/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 2770.36 Crore and gross debt purchased stood at Rs. 610.47 Crore, while the gross equity sold stood at Rs. 2955.15 Crore and gross debt sold stood at Rs. 440.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -184.79 Crore and Rs. 170.46