Domestic bourses are expected to start the day in green on Friday despite mixed cues from the global peers. The June quarter results by Reliance Industries will be a major focus in the markets today. Besides, investors will also react to global cues, Covid-19 trends and other corporate results.
Reliance Industries reported about 31 per cent rise in Q1 net profit at Rs 13,233 crore, aided by an exceptional gain of Rs 4,966 crore arising out of the sale of partial stake in the fuel retail business to BP Global Investments, as well as rise in other income.
Today, a total of 576 companies including State Bank of India, Tata Motors, Sun Pharmaceutical Industries, Indian Oil Corporation are scheduled to announce their quarterly results.
On Thursday, the 30-share benchmark index ended at 37736.07 down by -335.06 points or by -0.88 % and then NSE Nifty was at 11102.15 down by -100.7 points or by -0.9 %.
On the global front, US equities dipped overnight after US economy recorded a worst quarterly plunge ever of 33 per cent annualized rate in the June quarter, which is when the viral outbreak shut down businesses. However, the quarterly earnings report by the big tech quartet of Apple, Amazon, Facebook, and Alphabet, helped soften the blow. Overall, the Dow Jones fell 0.85 per cent, the S&P 500 lost 0.38 per cent, and the Nasdaq added 0.43 per cent.
Asian equities slid in Friday's early deals. Hong Kong's Hang Seng index rose 0.3 per cent. Australian ASX 200 index lost 1.4 per cent, while Japan's Nikkei also slipped 1.4 per cent.
Back home,Top traded Volumes on NSE Nifty – State Bank of India 48478733.00, Bharti Airtel Ltd. 44491235.00, Indian Oil Corporation Ltd. 43622365.00, ICICI Bank Ltd. 40820799.00, Reliance Industries Ltd. 33624516.00,
On NSE, total number of shares traded was 25.88 Crore and total turnover stood at Rs. 64267.49 Crore.
The FIIs on 30/07/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5651.36 Crore and gross debt purchased stood at Rs. 524.24 Crore, while the gross equity sold stood at Rs. 5942.23 Crore and gross debt sold stood at Rs. 707.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -290.87 Crore and Rs. -182.77
On NSE Future and Options, total number of contracts traded in index futures was 678978 with a total turnover of Rs. 46207.68 Crore. Along with this total number of contracts traded in stock futures were 1516412 with a total turnover of Rs. 107899.86 Crore. Total numbers of contracts for index options were 59511559 with a total turnover of Rs. 3936485.06 Crore. and total numbers of contracts for stock options were 1240339 with a total turnover of Rs. 97432.92 Crore.