• Equity

    Market Commentary - Pre Session

    Date: Jul-12-2024 08:51
    Benchmark indices Sensex and Nifty 50 are likely to open higher on July 12, tracking cues from GIFT Nifty which was trading near 24,473, a short while ago this morning.

    Meanwhile, TCS, on Thursday after market hours, reported an 8.7 per cent YoY growth in net profit at Rs 12,040 crore; sequentially profit was down 3.1 per cent. Revenue for the quarter was up 5.4 per cent YoY at Rs 62,613 crore; and up per cent sequentially.

    TCS Q1 performance beat Bloomberg estimates on revenue and net profit. Bloomberg had estimated revenue to be at Rs 62,128 crore and profit at Rs 11,959 crore.

    Further, the focus will be on macro-economic data – with IIP and CPI inflation scheduled to be released on Friday. On Thursday, the 30-share benchmark index ended at 79897.34 down by -27.43 points or by -0.03 % and then NSE Nifty was at 24315.95 down by -8.5 points or by -0.03 %.

    On the global front, the US market ended on a mixed despite softer-than-expected CPI inflation data as profit-taking in technology stocks weighed on the NASDAQ. Headline CPI grew at a slower-pace-than expected pace at 3 per cent year-on-year in June; thus raising bets to up to 85 per cent chance of a Fed rate cut in September.

    However, profit-taking tech shares hit Wall Street. NASDAQ plunged 2 per cent, and the S&P 500 shed 0.9 per cent. Dow Jones, however, ended 0.1 per cent higher.

    Equity markets, in the Asia-Pacific region, also displayed a mixed trend. Japan’s Nikkei has tumbled over 2 per cent, and Kospi 1.3 per cent. The Australian stock indexes, however, was up 0.6 per cent each.

    Back home, Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 36020507.00, Tata Steel Ltd. 33987236.00, HDFC Bank Ltd. 22088537.00, Coal India Ltd. 20146927.00, NTPC Ltd. 19873143.00, On NSE, total number of shares traded was 506.65 Crore and total turnover stood at Rs. 139708.83 Crore.

    On NSE Future and Options, total number of contracts traded in index futures was 464505 with a total turnover of Rs. 31688.57 Crore. Along with this total number of contracts traded in stock futures were 1457176 with a total turnover of Rs. 115374.24 Crore. Total numbers of contracts for index options were 648762610 with a total turnover of Rs. 41232119.93 Crore. and total numbers of contracts for stock options were 5776697 with a total turnover of Rs. 463778.08 Crore.

    The FIIs on 11/07/2024 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 18049.91 Crore and gross debt purchased stood at Rs. 1225.56 Crore, while the gross equity sold stood at Rs. 15865.96 Crore and gross debt sold stood at Rs. 576.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 2183.95 Crore and Rs. 649.06
  • Overview

    Market Indicies
    Sensex 80519.34 0.77
    Nifty 24502.15 0.76
    Dow Jones 40000.9 0.62
    Hang Seng 18293.38 2.52
    Nasdaq 18398.445 0.63
    Nikkei 225 41190.68 -2.51
    Top Gainers - BSE
    Company NameLTP (`)Chg (`)Chg (%)
    Railtel Corp 596.8076.8514.78
    SonataSoftwa 707.1582.6013.23
    IFCI 69.627.5112.09
    Oil India 617.6566.2012.00
    KPIT Tech 1864.00154.259.02
    Top Losers - BSE
    Company NameLTP (`)Chg (`)Chg (%)
    BharatBijlee 5206.70-297.15-5.40
    ITD Cement 467.80-26.35-5.33
    Macrotec.Dev 1395.45-77.20-5.24
    PG Electro 375.70-19.00-4.81
    IOC 166.90-7.60-4.36
    Top Volume - BSE
    Company NameLTP (`)Chg (`)Chg (%)
    GTL Infra 3.24-0.17-4.99
    Idea 16.08-0.48-2.90
    GG Engineer
    Yes Bank 25.61-0.22-0.85
    Shalini Hold 0.80-0.03-3.61
    Top Value - BSE
    Company NameLTP (`)Chg (`)Chg (%)
    IREDA 284.651.050.37
    Rail Vikas 626.55-3.45-0.55
    IRFC 217.3511.405.54
    ShippingCorp 346.5516.254.92
    TCS 4184.90262.206.68
    FII Activity - Jul 12
    • (` in Crores)
    Nature Gross Purchase Gross Sale Net Investment
    Equity 16631.52 16284.60 346.92
    Debt 2711.37 2006.44 704.93
    MF Activity - Jul 10
    • (` in Crores)
    Nature Gross Purchase Gross Sale Net Investment
    Equity 8800.67 7882.92 917.75
    Debt 3144.89 2609.68 535.21
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