News

The market is likely to open marginally higher on Wednesday as the SGX Nifty indicates a positive start for the broader index, with a gain of 42 points after opening the session at 18,728 points. SGX futures touched a high of 18,745 in early trade on June 7.

Among individual stocks, Torrent Power will be in focus as the company signed a memorandum of understanding (MoU) with the Maharashtra government for the development of three pumped storage hydro projects of 5,700 MW capacity.

On Tuesday, the 30-share benchmark index ended at 62792.88 up by 5.41 points or by 0.01 % and then NSE Nifty was at 18599 up by 5.15 points or by 0.03 %.

On the global front, the US markets closed higher overnight after gains in regional banks boosted the S&P 500 index notch highest level in ten months, up 0.2 per cent. Meanwhile, Dow Jones, and NASDAQ Composite indices surged up to 0.3 per cent.

This morning, markets in Asia-Pacific traded mixed, with Nikkei 225, Topix indices sliding over 1 per cent each. On the contrary, Kospi, and the S&P 200 indices climbed up to 0.3 per cent.

In the commodities market, prices of Brent Crude, and WTI Crude rose 0.1 per cent each to $76 per barrel, and $71 per barrel, respectively, ahead of weekly crude inventory report.

Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 26751372.00, HDFC Bank Ltd. 16091426.00, Tata Motors Ltd. 15395092.00, Axis Bank Ltd. 14457988.00, Coal India Ltd. 13495524.00,

On NSE, total number of shares traded was 25.99 Crore and total turnover stood at Rs. 57640.95 Crore. On NSE Future and Options, total number of contracts traded in index futures was 184944 with a total turnover of Rs. 18264.08 Crore. Along with this total number of contracts traded in stock futures were 666729 with a total turnover of Rs. 48548.10 Crore. Total numbers of contracts for index options were 262512890 with a total turnover of Rs. 23040154.29 Crore. and total numbers of contracts for stock options were 3010089 with a total turnover of Rs. 231615.02 Crore.

The FIIs on 06/06/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 7771.87 Crore and gross debt purchased stood at Rs. 877.91 Crore, while the gross equity sold stood at Rs. 8284.73 Crore and gross debt sold stood at Rs. 418.22 Crore. Therefore, the net investment of equity and debt reported were Rs. -512.86 Crore and Rs. 459.69