The Indian stock market is expected to open firm as trends on SGX Nifty indicate a positive start for the index with a 95-points gain.
Besides, firm global cues, steady oil prices, and receding Covid-19 cases back home will support sentiment. That said, some volatility on account of weekly F&O expiry and release of WPI-inflation data cannot be ruled out.
On the results front, a total of 21 companies, including HCL Technologies, Cyient, and Den Networks are scheduled to announce their results today.
Analysts expect double-digit revenue growth for HCL Tech between 12 to 13 per cent for Q2FY22 on a Year-on-Year basis. The strong recovery, they say, will be led by the ramp-up of large deals won in the earlier quarters.
On Wednesday, the 30-share benchmark index ended at 60737.05 up by 452.74 points or by 0.75 % and then NSE Nifty was at 18161.75 up by 169.8 points or by 0.94 %.
On the global front, The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market.
The Dow Jones Industrial Average fell 0.53 points to 34,377.81, the S&P 500 gained 13.15 points, or 0.30%, to 4,363.8 and the Nasdaq Composite added 105.71 points, or 0.73%, to 14,571.64.
Asian markets were trading mixed with Nikkei and Kospi gained 1 percent each, while Straits Times fell 0.3 percent.
back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 197949387.00, ITC Ltd. 50159625.00, Power Grid Corporation of India Ltd. 24806711.00, NTPC Ltd.
19100941.00, State Bank of India 17638983.00,
On NSE, total number of shares traded was 41.74 Crore and total turnover stood at Rs. 92486.03 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 253757 with a total turnover of Rs. 23680.81 Crore. Along with this total number of contracts traded in stock futures were 1019309 with a total turnover of Rs. 99922.92 Crore. Total numbers of contracts for index options were 57790260 with a total turnover of Rs. 5419512.51 Crore. and total numbers of contracts for stock options were 3819135 with a total turnover of Rs. 383879.50 Crore.
The FIIs on 13/10/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 7999.39 Crore and gross debt purchased stood at Rs. 211.81 Crore, while the gross equity sold stood at Rs. 7744.56 Crore and gross debt sold stood at Rs. 306.49 Crore. Therefore, the net investment of equity and debt reported were Rs. 254.83 Crore and Rs. -94.68