Trading could be volatile

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 17 points at the opening bell.

Trading could be volatile as traders roll over positions in the futures & options (F&O) segment from the near month January 2018 series to February 2018 series. The January 2018 derivatives contract expires today, 25 January 2018.

Overseas, most Asian shares declined. US stocks closed mixed on Wednesday as markets focused on a mix of corporate earnings, trade war concerns and the broad decline in the US currency. The Dow Jones Industrial Average rose 0.16%. The S&P 500 index shed 1.59 points, while the Nasdaq Composite Index fell 0.6%.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 776.42 crore yesterday, 24 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 193.87 crore yesterday, 24 January 2018, as per provisional data.

Among corporate news, public sector banks (PSBs) will be in focus as the Government of India after market hours yesterday, 24 January 2018, unveiled details of the re-capitalisation of public sector banks (PSBs) announced in October 2017. The capital infusion plan for 2017-18 includes Rs 80000 crore through recap bonds and Rs 8139 crore as budgetary support. This plan addresses regulatory capital requirement of all PSBs and provides a significant amount towards growth capital for increasing lending to the economy.

IT major TCS said that the company and Mesosphere, the creators of DC/OS, the premier platform for building and running data-intensive, containerized applications announced a partnership aimed at helping customers utilize data services and cloud platforms more efficiently. The announcement was made after market hours yesterday, 24 January 2018.

Key benchmark indices settled with tiny gains after a rangebound trading session yesterday, 24 January 2018, as subdued global cues failed to provide clear direction to the market. The barometer index, the S&P BSE Sensex, rose 21.66 points or 0.06% to settle at 36,161.64. The Nifty 50 index rose 2.30 points or 0.02% to settle at 11,086. Both, the Sensex and the Nifty, hit fresh record highs on intraday as well as on closing basis. Key indices gained for the sixth straight day.

Powered by Capital Market - Live News