Market

Indian equities may open lower on Tuesday, tracking bearish trends in SGX Nifty Index Futures and weak cues from global peers. Overseas, the Asian stocks were trading lower, mirroring weakness at Wall Street in overnight trade, taking cues from disappointing earnings reports by US companies’ and geo-political concerns over Saudi Arabia, Italy and Brexit also dented market sentiment. Back home, weak trends in the SGX Nifty Index Futures for October delivery, which were trading at 10,162.00, down by 90 points or 0.88 per cent, at 10:50 AM, Singapore Time, also indicated a negative start for local bourses. On the corporate front, shares of Lakshmi Vilas Bank will remain in focus after media report suggested that five financial investors, including the Blackstone Group, Bain Capital and TPG Capital Management, have been shortlisted to buy a controlling stake in the private sector lender. On the earnings front, big names like HCL Technologies, Adani Ports, Ambuja Cements, Bajaj Finance, ICICI Prudential Life, HDFC Life, MCX and TVS Motor, will release their results today.

The benchmark indices ended lower on Monday weighed by blue-chip firms like IndusInd Bank, YES Bank, Reliance Industries (RIL) and Asian Paints. Financials gave up all of their gains and were a lag on the benchmarks. Along with them, energy, IT, and metals were the big losers. Sell-off in midcaps, too, added to the weakness, with the Nifty Midcap index falling over a percent lower. The 30-share benchmark index ended at 34134.38 down by 181.25 points or by 0.53 per cent, while the NSE Nifty was at 10245.25 down by 58.3 points or by 0.57 per cent.

Top traded Volumes on NSE Nifty were YES Bank Ltd. 33633639.00, ICICI Bank Ltd. 33593953.00, Indiabulls Housing Finance Ltd. 27710575.00, State Bank of India 19933462.00, Vedanta Ltd. 13766095.00.

On NSE, total number of shares traded was 127.19 Crore and total turnover stood at Rs. 30813.28 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 374468 with a total turnover of Rs. 32037.79 Crore. Along with this total number of contracts traded in stock futures were 1462267 with a total turnover of Rs. 88594.16 Crore. Total numbers of contracts for index options were 7773045 with a total turnover of Rs. 693012.88 Crore and total numbers of contracts for stock options were 818382 with a total turnover of Rs. 57622.78 Crore.

As on October 22, 2018, the FIIs stood as net seller in both equity and debt markets. Gross equity purchased stood at Rs. 6896.90 Crore and gross debt purchased stood at Rs. 1073.74 Crore, while the gross equity sold stood at Rs. 7557.58 Crore and gross debt sold stood at Rs. 1224.10 Crore. Therefore, the net investment of equity and debt reported were Rs. -660.68 Crore and Rs. -150.36.