BSE Prices delayed by 5 minutes ! Prices as on   Sep 20, 2021 - 3:59PM   

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MARKET COMMENTARY

Sep-20-2021 08:37

Indian benchmark indices are expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India with a 129-points loss.



Meanwhile, the rupee closed 4 paise higher at 73.48 against the US dollar on Friday, tracking a broad weakness in the American currency overseas. At the interbank forex market, the local unit opened flat at 73.49 against the greenback. During the session, the domestic unit witnessed an intra-day high of 73.42 and a low of 73.55.

Outcome of GST Council Meeting, stock-specific news flow, pick up in vaccination drive, and foreign fund activity will also guide markets this week.

Domestic markets had scaled fresh lifetime highs last Friday with the BSE Sensex hitting 59,737-mark and the Nifty50 claiming 17,793.

On Friday, the 30-share benchmark index ended at 59015.89 down by -125.27 points or by -0.21 % and then NSE Nifty was at 17585.15 down by -44.35 points or by -0.25 %.

On the global front, US stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID variant, and possible shifts in the US Federal Reserve's timeline for tapering asset purchases.

The Dow Jones Industrial Average fell 166.44 points, or 0.48%, to 34,584.88; the S&P 500 lost 40.76 points, or 0.91%, at 4,432.99; and the Nasdaq Composite dropped 137.96 points, or 0.91%, to 15,043.97.

Asian shares eased and the dollar held firm on Monday ahead of a week graced with no less than a dozen central bank meetings, highlighted by the Federal Reserve which is likely to take another step toward tapering.

Early Monday, MSCI’s broadest index of Asia-Pacific shares outside Japan dipped another 0.2%, after shedding 2.5% last week. Japan’s Nikkei was shut and could do with consolidating after surging to 30-year highs on hopes a new Prime Minister will bring more stimulus and policy change.

Back home, Top traded Volumes on NSE Nifty – ITC Ltd. 79501805.00, State Bank of India 41529478.00, Indian Oil Corporation Ltd. 34694650.00, Bharti Airtel Ltd. 26158201.00, Oil And Natural Gas Corporation Ltd. 25968166.00,

On NSE, total number of shares traded was 51.60 Crore and total turnover stood at Rs. 105388.38 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 459469 with a total turnover of Rs. 41913.26 Crore. Along with this total number of contracts traded in stock futures were 1156985 with a total turnover of Rs. 101409.26 Crore. Total numbers of contracts for index options were 57586381 with a total turnover of Rs. 5308265.31 Crore. and total numbers of contracts for stock options were 4413994 with a total turnover of Rs. 402017.33 Crore.

The FIIs on 17/09/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11763.37 Crore and gross debt purchased stood at Rs. 2981.15 Crore, while the gross equity sold stood at Rs. 9923.90 Crore and gross debt sold stood at Rs. 2066.18 Crore.

Therefore, the net investment of equity and debt reported were Rs. 1839.47 Crore and Rs. 914.97