Indian benchmark indices are likely to open negative on Monday, as macroeconomic data such as IIP and inflation numbers (CPI and WPI) are likely to set the tone for domestic stocks this week. CPI for January and IIP for December 2018 will be released on Tuesday while WPI inflation numbers will be unveiled on Thursday. Asian shares started the week on the backfoot on Monday as worries about global growth, US politics and the ongoing Sino-US tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies. Wall Street's main equity indexes recouped losses late on Friday. Crude prices fell by around 1 per cent on Monday as US drilling activity picked up and as Russia’s biggest oil producer pressured President Vladimir Putin to end the supply cut deal with Middle East-dominated producer club OPEC. Back home, bearish trends in the SGX Nifty Index Futures for February delivery, were trading at 10,938.00 down 8.50 by or 0.08 per cent, at 11:04 AM, Singapore Time, also indicated a negative start for local bourses. On the earnings front, over 300 companies are scheduled to release their December quarter results today. Some of the prominent names include Eicher Motors, MFSL, Max India, Motherson Suni Systems, Power Finance Corporation, Butterfly Gandhimathi Appliances, Hindustan Aeronautics (HAL).
On the corporate front, Tata steel on Friday reported a 54.33 per cent jump in consolidated net profit to Rs 1,753.07 crore during the quarter ended on December 31, 2018, helped by higher income. Global online marketplace giant Amazon has indefinitely put on hold its plans to buy stake in Kishore Biyani’s Future Group. Reliance Power has asked the markets regulator Sebi to prohibit the Mumbai-based Edelweiss financial services group from trading in the securities market. The 30-share index closed at 36546.48 down by -424.61 points or by -1.15 per cent and then NSE Nifty was at 10943.6 down by -125.8 points or by -1.14 per cent.
Top traded Volumes on NSE Nifty – Tata Motors Ltd. 102256857.00, YES Bank Ltd. 32561739.00, Vedanta Ltd. 21667191.00, State Bank of India 19781908.00, Indiabulls Housing Finance Ltd. 14176445.00.
On NSE, total number of shares traded was 167.96 Crore and total turnover stood at Rs. 30054.38 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 287293 with a total turnover of Rs. 20066.33 Crore. Along with this total number of contracts traded in stock futures were 905389 with a total turnover of Rs. 48529.60 Crore. Total numbers of contracts for index options were 7706348 with a total turnover of Rs. 477443.97 Crore. and total numbers of contracts for stock options were 915757 with a total turnover of Rs. 51293.50 Crore.
As on February 8, 2019, the FIIs stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3468.40 Crore and gross debt purchased stood at Rs. 1335.18 Crore, while the gross equity sold stood at Rs. 3069.47 Crore and gross debt sold stood at Rs. 1846.69 Crore. Therefore, the net investment of equity and debt reported were Rs. 398.93 Crore and Rs. -511.51.