Market

The Indian benchmark indices are likely to open on a flat to positive note on Friday taking cues from movement of crude oil prices and Q4 earnings of various companies, also the trends on SGX Nifty indicate a flat to positive opening for the broader index in India. Asian shares witnessed a subdued start on Friday ahead of US’ GDP numbers and “extremely low” interest rate maintained by Japan. The East-Asian country’s central bank announced short-term interest rate target at minus 0.1 per cent and that of long-term yields around zero per cent till Spring 2020. Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran. Back home, bullish trends in the SGX Nifty Index Futures for April delivery, which were trading at 11,737.50, up by 7.00 points or 0.06 per cent, at 11:02 AM, Singapore Time, also indicated a positive start for local bourses. On the macro front, Bank credit rose by 14.19 percent to Rs 96.45 lakh crore while deposits grew 10.60 percent to Rs 125.30 lakh crore in the first fortnight ended on April 12, according to recent RBI data. In the year ago fortnight, deposits were at Rs 113.29 lakh crore and advances stood at Rs 84.46 lakh crore. On the corporate front, Tata Steel posted a consolidated net profit of Rs 2,295.2 crore for the quarter ended March 2019, down from Rs 14,688 crore posted in the same quarter last year. Consolidated revenue for the quarter grew 25.9 percent year-on-year (YoY) to Rs 42,423 crore in Q4FY19 from Rs 33,705 crore last year. On the earnings front, as many as 18 companies will declare their March quarter numbers, including YES Bank, HDFC Asset Management Company, HDFC Life Insurance, Hero MotoCorp and Piramal Enterprises. The 30-share index settled at 39054.68 up by 489.8 points or by 1.27 per cent and then NSE Nifty was at 11726.15 up by 150.2 points or by 1.3 per cent.

Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 134264338.00, YES Bank Ltd. 71641179.00, State Bank of India 30842477.00, NTPC Ltd. 29354749.00, Indian Oil Corporation Ltd. 28773110.00,

On NSE, total number of shares traded was 187.58 Crore and total turnover stood at Rs. 45084.45 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 645058 with a total turnover of Rs. 49660.78 Crore. Along with this total number of contracts traded in stock futures were 2067116 with a total turnover of Rs. 128549.53 Crore. Total numbers of contracts for index options were 34646174 with a total turnover of Rs. 2296420.39 Crore. and total numbers of contracts for stock options were 1440259 with a total turnover of Rs. 93476.92 Crore.

As on April 25, 2019, the FIIs stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5097.88 Crore and gross debt purchased stood at Rs. 1385.54 Crore, while the gross equity sold stood at Rs. 4257.78 Crore and gross debt sold stood at Rs. 1103.23 Crore. Therefore, the net investment of equity and debt reported were Rs. 840.10 Crore and Rs. 282.31.