Pre-market: Positive global cues to push markets higher
02/07/2014 08:35
The BSE’s 30-share bellwether index, Sensex is expected to maintain its gaining streak on Wednesday following positive momentum across the global markets. In the overnight trading, US stocks ended higher, following which the Asian markets opened in green led by Hong Kong’s Hang Seng, Taiwan Index and Japan’s Nikkei 225. Asian investors maintained their risk taking appetite on upbeat Chinese manufacturing data.
Back home, investors are likely to seek optimism after the international rating agency, Fitch accelerated India’s economic growth to 5.5 per cent in this fiscal. Markets may continue to follow pre-budget rally after the Finance Minister indicated the need for fiscal prudence. Sensex ended higher on Tuesday at 25516.35, up by 102.57 points, led by gains in auto, metals and capital goods stocks. On BSE, total number of shares traded was 46.89 Crore and total turnover stood at Rs. 3747.41 Crore.
The FIIs on 30/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3780.70 Crore and gross debt purchased stood at Rs. 348.81 Crore, while the gross equity sold stood at Rs. 3553.85 Crore and gross debt sold stood at Rs. 1822.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 226.85 Crore and Rs. -1473.44.
02/07/2014 08:35
The BSE’s 30-share bellwether index, Sensex is expected to maintain its gaining streak on Wednesday following positive momentum across the global markets. In the overnight trading, US stocks ended higher, following which the Asian markets opened in green led by Hong Kong’s Hang Seng, Taiwan Index and Japan’s Nikkei 225. Asian investors maintained their risk taking appetite on upbeat Chinese manufacturing data.
Back home, investors are likely to seek optimism after the international rating agency, Fitch accelerated India’s economic growth to 5.5 per cent in this fiscal. Markets may continue to follow pre-budget rally after the Finance Minister indicated the need for fiscal prudence. Sensex ended higher on Tuesday at 25516.35, up by 102.57 points, led by gains in auto, metals and capital goods stocks. On BSE, total number of shares traded was 46.89 Crore and total turnover stood at Rs. 3747.41 Crore.
The FIIs on 30/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3780.70 Crore and gross debt purchased stood at Rs. 348.81 Crore, while the gross equity sold stood at Rs. 3553.85 Crore and gross debt sold stood at Rs. 1822.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 226.85 Crore and Rs. -1473.44.
