Indian equity benchmark indices are likely to kick off Friday’s session on a positive note, as US stocks gained for the fifth day in overnight trade, and Asian markets are upbeat, trading around one-month highs in early trade. Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy will slow this year. Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks. Back home, bullish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,884.00 up by 23.00 or 0.21 per cent, at 11:00 AM, Singapore Time, also indicated a positive start for local bourses.
Among individual stocks, Infosys, India’s second largest IT player in terms of revenue, may not post spectacular numbers for December quarter on Friday, but all eyes will be on it for any revision in revenue growth guidance, a possible share buyback announcement and a likely upward estimate in margins in the wake of a fall in the rupee. Tata Consultancy Services reported higher revenues for the third quarter of the fiscal year even as the increased cost of hiring employees and sub-contractors in its main market — the United States — hurt margins at India’s largest software services exporter, signalling similar concerns for the industry at large. State Bank of India (SBI) has appointed Kotak Mahindra Capital, HSBC India, CLSA, Bank of America-Merrill Lynch and SBI Caps to manage its qualified institutional placement (QIP) issue, said people with knowledge of the matter. 30-share benchmark index closed at 36106.5 down by 106.41points or by 0.29 per cent, while the NSE Nifty was at 10821.6 down by 33.55 points or by 0.31 per cent.
Top traded Volumes on NSE Nifty – YES Bank Ltd. 36296992.00, Tata Motors Ltd. 16961888.00, State Bank of India 16295468.00, ICICI Bank Ltd. 14497154.00, NTPC Ltd. 12784001.00,
On NSE, total number of shares traded was 108.63 Crore and total turnover stood at Rs. 23877.89 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 213642 with a total turnover of Rs. 14381.88 Crore. Along with this total number of contracts traded in stock futures were 566050 with a total turnover of Rs. 34195.36 Crore. Total numbers of contracts for index options were 28001560 with a total turnover of Rs. 1579107.80 Crore. and total numbers of contracts for stock options were 464224 with a total turnover of Rs. 27832.40 Crore.
As on January 10, 2019, the FIIs stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4402.40 Crore and gross debt purchased stood at Rs. 1315.73 Crore, while the gross equity sold stood at Rs. 3924.61 Crore and gross debt sold stood at Rs. 881.57 Crore. Therefore, the net investment of equity and debt reported were Rs. 477.79 Crore and Rs. 434.16.