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News Details

(01/07/2020 08:31)

Pre-Session: Muted start likely for Sensex, Nifty; macro data, auto sales eyed

Domestic bourses are expected to start the first day of the July-September quarter on a subdued note as they juggle with macro-data, stock-centric news flow, rising coronavirus cases, and global cues.

Data released by the government on Tuesday showed that the fiscal deficit for the first two months of FY21 came in at Rs 4.66 trillion, or 58.6 per cent of the full year target of Rs 7.96 trillion. Besides, the output of the eight core sectors of the economy shrank 23.4 per cent in May.

Investors will be eyeing manufacturing PMI for June which is slated to be released later today.

Meanwhile, automobile firms will report their June sales figures beginning today. Analysts expect automobile companies to build-on the demand recovery seen in May, and post improved sales figures on a monthly basis for June 2020.

On Tuesday, the 30-share benchmark index ended at 34915.8 down by -45.72 points or by -0.13 % and then NSE Nifty was at 10302.1 down by -10.3 points or by -0.1 %.

On the global front, Overnight, the Dow Jones rose 0.85 per cent, while the S&P 500 and the Nasdaq Composite gained 1.54 per cent, and 1.87 per cent, respectively in the US.

In Asia, Japan's Nikkei was up 0.08 per cent, while South Korea's Kospi added 1 per cent in early trade today.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 50767147.00, ICICI Bank Ltd. 47526205.00, State Bank of India 43616291.00, ITC Ltd. 41216021.00, Tata Steel Ltd. 36523647.00,

On NSE, total number of shares traded was 29.68 Crore and total turnover stood at Rs. 49181.06 Crore.

The FIIs on 30/06/2020 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5411.14 Crore and gross debt purchased stood at Rs. 2542.26 Crore, while the gross equity sold stood at Rs. 5515.05 Crore and gross debt sold stood at Rs. 1566.54 Crore. Therefore, the net investment of equity and debt reported were Rs. -103.91 Crore and Rs. 975.72