Indian equities are likely to open higher on Friday, taking some breather after sharp sell-off in the previous session, tracking bullish trends in SGX Nifty Index Futures and mixed cues from global peers. Overseas, the Asian stocks were trading flat, following negative closing of US stocks in overnight trade, with Japan’s Nikkei 225, as investor remained jittery amid expectations of market volatility. Back home, bullish trends in the SGX Nifty Index Futures for October delivery, which were trading at 10,320, up by 40.50 points or 0.39 per cent, at 11:00 AM, Singapore Time, also indicated a positive start for local bourses. On the sectoral front, investor will keep an eye on telecom stocks after the government on Wednesday raised import duty on certain telecom equipment and components by up to 20 per cent. On the corporate front, shares of Tata Consultancy Services (TCS) will remain in focus after the IT bellwether reported 22.6 per cent growth in consolidated net profit at Rs 7,901 crore for the quarter ended September 30, 2018, from Rs 6,446 crore a year earlier. On the earnings front, 3I Infotech, Integrated Capital Services, Karnataka Bank and Tata Sponge will announce their quarterly report today.
On Thursday, Indian benchmark indices settled over 2 per cent lower as global indices witnessed across-the-board losses after investor sentiment was hit by heavy sell-off in world markets. Continuous outflows by foreign funds also added to investor woes. In the forex market, the rupee, after hitting yet another record low of 74.50 against the dollar in early deals, turned positive in late afternoon trade and was quoting 24 paise higher at 74 as Brent crude slipped below the USD 82 a barrel and dollar weakened overseas. The 30-share benchmark index ended at 34001.15 down by 759.74 points or by 2.19 per cent, while the NSE Nifty was at 10234.65 down by 225.45 points or by 2.16 per cent.
Top traded Volumes on NSE Nifty were YES Bank Ltd. 94679663.00, State Bank of India 46291120.00, Hindustan Petroleum Corporation Ltd. 44819623.00, Indian Oil Corporation Ltd. 27978739.00, Bharat Petroleum Corporation Ltd. 21987920.00.
On NSE, total number of shares traded was 167.68 Crore and total turnover stood at Rs. 38661.67 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 447151 with a total turnover of Rs. 38007.32 Crore. Along with this total number of contracts traded in stock futures were 1094446 with a total turnover of Rs. 66310.13 Crore. Total numbers of contracts for index options were 18501657 with a total turnover of Rs. 1772783.24 Crore and total numbers of contracts for stock options were 721778 with a total turnover of Rs. 48299.01 Crore.
As on October 11, 2018, the FIIs stood as net seller in both equity and debt markets. Gross equity purchased stood at Rs. 5939.01 Crore and gross debt purchased stood at Rs. 96.11 Crore, while the gross equity sold stood at Rs. 7021.59 Crore and gross debt sold stood at Rs. 2090.04 Crore. Therefore, the net investment of equity and debt reported were Rs. -1082.58 Crore and Rs. -1993.93.