Indian benchmark indices are expected to start the day on flat note on Thursday. Coronavirus concerns, corporate results, and macro data will be the top triggers for Indian indices today. Investors might turn cautious after China's Hubei province reported a record rise in the coronavirus death toll on Thursday, as global health experts warned the epidemic could get far worse before it is brought under control. Health officials in Hubei province said 242 people had died from the flu-like virus on Wednesday that brought the total number of deaths in the province to 1,310.
Market participants will also react to macro numbers released post market hours yesterday. Retail inflation in January rose to a multi-year high of 7.59 percent, while industrial output contracted 0.3 percent in December, against a growth of 1.8 percent in November, data showed. The figures might dent investors' outlook on the revival in the Indian economy.
On the results front, almost 615 companies, including BPCL, Page Industries, Nestle India, and Apollo Hospitals Enterprise, are scheduled to announce their December quarter results today.
On Wednesday, the 30-share benchmark index ended at 41565.9 up by 349.76 points or by 0.85 % and then NSE Nifty was at 12201.2 up by 93.3 points or by 0.77 %.
On the global front, the Wall Street closed at record highs on Wednesday. The Dow Jones Industrial Average rose 0.94 per cent, the S&P 500 gained 0.64 per cent, and the Nasdaq Composite added 0.9 per cent.
However, the Asian stock markets wobbled on Thursday as the number of new coronavirus cases at the outbreak’s epicenter jumped sharply. MSCI’s broadest index of Asia-Pacific shares outside Japan was trading 0.04 per cent weaker. Japan's Nikkei was 0.2 per cent lower, while Australia's ASX/S&P 200 index retreated from a record high.
Back home, Top traded Volumes on NSE Nifty – YES Bank Ltd. 101372754.00, State Bank of India 38930849.00, Tata Motors Ltd. 34621395.00, Coal India Ltd. 14669421.00, GAIL (India) Ltd. 14667961.00,
On NSE, total number of shares traded was 173.62 Crore and total turnover stood at Rs. 35861.12 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 218893 with a total turnover of Rs. 16841.74 Crore. Along with this total number of contracts traded in stock futures were 701581 with a total turnover of Rs. 47116.36 Crore. Total numbers of contracts for index options were 16213819 with a total turnover of Rs. 1180456.45 Crore. and total numbers of contracts for stock options were 829175 with a total turnover of Rs. 58325.56 Crore.
The FIIs on 12/02/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 7201.64 Crore and gross debt purchased stood at Rs. 1506.69 Crore, while the gross equity sold stood at Rs. 5044.21 Crore and gross debt sold stood at Rs. 1417.67 Crore. Therefore, the net investment of equity and debt reported were Rs. 2157.43 Crore and Rs. 89.02.