The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 59-points gain. Trading activity may be light on Wednesday given the long-holiday break and anxiousness ahead of the US Federal meeting outcome later tonight.
On the result front, Eicher Motors, Pfizer, State Bank of India (SBI), Aditya Birla Fashion & Retail, Bata India, Centrum Capital, DCM Shriram Industries, GPT Infraprojects, GSPL, Gujarat Alkalies, Precision Wires and Sharon Biotech are some of the companies slated to announce their SEptember quarter results today.
According to analysts, SBI’s Q2 profit may nearly double on a yearly basis to Rs 9,263.3 crore on the back of healthy net interest margin, recovery from DHFL, and lower loan provisioning.
On Tuesday, the 30-share benchmark index ended at 60029.06 down by -109.4 points or by -0.18 % and then NSE Nifty was at 17888.95 down by -40.7 points or by -0.23 %.
On the global front, the US markets extended its record winning run on the back of strong corporate earnings. The S&P 500 and Dow Jones were up 0.4 per cent each, while the Nasdaq added 0.3 per cent.
This morning in Asia, the S&P/ASX 200 had rallied 1.4 per cent, and Taiwan Weighted index had advanced 0.4 per cent. Kospi, however, had slipped 0.4 per cent, while Hang Seng and Shanghai Composite were down 0.1 per cent each.
Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 51580720.00, State Bank of India 26797820.00, NTPC Ltd. 21525811.00, Oil And Natural Gas Corporation Ltd.
20609479.00, Sun Pharmaceutical Industries Ltd. 17608860.00,
On NSE, total number of shares traded was 22.71 Crore and total turnover stood at Rs. 62997.97 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 298133 with a total turnover of Rs. 28183.47 Crore. Along with this total number of contracts traded in stock futures were 835061 with a total turnover of Rs. 65516.42 Crore. Total numbers of contracts for index options were 72568621 with a total turnover of Rs. 6969943.00 Crore. and total numbers of contracts for stock options were 2245763 with a total turnover of Rs. 185180.25 Crore.
The FIIs on 02/11/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 9398.10 Crore and gross debt purchased stood at Rs. 209.77 Crore, while the gross equity sold stood at Rs. 9676.19 Crore and gross debt sold stood at Rs. 139.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -278.09 Crore and Rs. 70.19