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Market Commentary

(As on Jan 16, 2018, 08:28)

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Indian benchmark indices are likely to open on flat note on Tuesday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and soft trend across global markets. Overseas, markets across Asia were trading mixed in lack of any cues as Wall Street remained closed on Monday. The rally in US dollar weighed on global currencies, while sentiment was further dented after Japan’s finance minister Taro Aso said sudden moves in exchange rates are a problem. Back home, bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,759.50, up by 9.50 points or 0.09 per cent, at 10:48 AM Singapore time, also signaled a flat to positive start for local bourses. The rise in diesel and petrol prices after surge in international crude prices may also weigh on equities movement. On the corporate front, stocks of Den Network, MCX, Network 10, ICICI Lombard General Insurance Company and Reliance Nippon Life Asset Management will remain in focus as they will unveil their quarterly earnings report today. On the IPO front, Newgen Software Technologies will kick-start its IPO today which intended to raise fund to purchase and furnish office premises.

On Monday, the Indian equities closed at record high, tracking firm cues from Asian peers, amid sustained fund inflows by foreign investors and strong corporate earnings. The investors maintained long position ahead of Union Budget scheduled on January 29. The market breadth, indicating the overall strength of the market was strong. On BSE out of total shares traded 3293, shares advanced were 1649 while 1474 shares declined and 170 were unchanged. On the sectoral front, bankex and consumer durables stocks emerged as top gainers on BSE, rising as much as 1.25 per cent and 1.13 per cent, respectively. The 30-share benchmark index closed trade at fresh all-time high of 34843.51, up by 251.12 points or by 0.73 per cent, and the NSE Nifty ended at 10741.55, up by 60.3 points or by 0.56 per cent, for the forst time.

Top traded volumes on NSE Nifty were ICICI Bank Ltd. 30242005.00, State Bank of India 18189668.00, ITC Ltd. 10538330.00, Housing Development Finance Corporation Ltd. 9486397.00, YES Bank Ltd. 7142164.00.

On NSE, total number of shares traded was 194.96 Crore and total turnover stood at Rs. 34037.93 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 201316 with a total turnover of Rs. 18142.02 Crore. Along with this total number of contracts traded in stock futures were 737419 with a total turnover of Rs. 58390.14 Crore. Total numbers of contracts for index options were 4945722 with a total turnover of Rs. 456955.24 Crore and total numbers of contracts for stock options were 571477 with a total turnover of Rs. 46152.09 Crore.

As on January 15, 2017 the FIIs turned as net seller in equity, but net buyer in debt market. Gross equity purchased stood at Rs. 5944.46 Crore and gross debt purchased stood at Rs. 547.17 Crore, while the gross equity sold stood at Rs. 5973.57 Crore and gross debt sold stood at Rs. 385.95 Crore. Therefore, the net investment of equity and debt reported were Rs. -29.11 Crore and Rs. 161.22.

FMC unique member code - MCX : MCX/TCM/CORP/1033 NCDEX MEMBER ID:00884 FMC unique member code - NCDEX : NCDEX/TCM/CORP/0854
DP ID No. : 12052700   DP Sebi Reg.No.IN-DP-CDSL-432-2007

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