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Pre-Session: Sensex, Nifty likely to open lower today

Share Source By

Dion Global

29 May 2020

The Indian markets are likely to start the June series with a gap-down, tracking weakness in global markets amid escalating US-China tensions.

Moreover, the expectation of a somber GDP data for January-March quarter is also likely to keep sentiment in check.

The numbers, which are likely to come in post-market hours, are expected to show growth contracting with some analysts penciling in a 5 per cent dip.

On result front, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results today.

On Thursday, the 30-share benchmark index ended at 32200.59 up by 595.37 points or by 1.88 % and then NSE Nifty was at 9490.1 up by 175.15 points or by 1.88 %.

On the global front, Wall Street ended lower on Thursday after President Donald Trump said he would hold a news conference on China on Friday. The Dow Jones fell 0.58 per cent, the S&P 500 lost 0.2 per cent, and the Nasdaq Composite dropped 0.46 per cent.

Asian shares also dipped in early trade. South Korea's Kospi and Japan's Nikkei both slipped 0.7 per cent while Australia's ASX200 was down 1.1 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 96183461.00, State Bank of India 76970390.00, Axis Bank Ltd. 72694994.00, Zee Entertainment Enterprises Ltd. 71029787.00, ICICI Bank Ltd. 66136528.00,

On NSE, total number of shares traded was 28.78 Crore and total turnover stood at Rs. 56849.79 Crore.

The FIIs on 28/05/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6152.98 Crore and gross debt purchased stood at Rs. 837.17 Crore, while the gross equity sold stood at Rs. 6321.42 Crore and gross debt sold stood at Rs. 3291.28 Crore. Therefore, the net investment of equity and debt reported were Rs. -168.44 Crore and Rs. -2454.11

On NSE Future and Options, total number of contracts traded in index futures was 972081 with a total turnover of Rs. 49097.52 Crore. Along with this total number of contracts traded in stock futures were 1907256 with a total turnover of Rs. 94001.83 Crore. Total numbers of contracts for index options were 58557001 with a total turnover of Rs. 2739897.33 Crore. and total numbers of contracts for stock options were 894243 with a total turnover of Rs. 45875.41 Crore.