TRADE NIVESH: Higher rollovers are a positive sign, but will domestic indices extend their recent good show to Thursday’s session amid the expiry of April F&O contracts?
Singapore trading sets stage for negative start
Nifty futures on the Singapore Exchange were trading 27.50 points, or 0.23 per cent, lower at 11,709.50, indicating a negative start for Dalal Street.
Market-wide rollovers at 65%
The market-wide rollovers stood at 65 per cent till Wednesday. Nifty futures rollover stood at 58 per cent, which were higher than average rollovers of 51 per cent seen in the last three series.
Tech view: Nifty forms long bullish candle
Nifty50 snapped a three-day losing streak on Wednesday to settle above the 11,700 mark. In this process, it formed a long bullish candle on the daily chart. The 11,550 level proved to be a strong support for the index. Analysts said a move above 11,787 could signal the end of the recent corrective phase.
Asian stocks off to cautious start
Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, while Japan's Nikkei average edged up 0.3 per cent to 22,264.81 points.
US stocks settled lower
At the market close on Wednesday, the Dow Jones Industrial Average fell 59.34 points, or 0.22 per cent, to 26,597.05, the S&P500 index lost 6.43 points, or 0.22 per cent, to 2,927.25 and the Nasdaq Composite dropped 18.81 points, or 0.23 per cent, to 8,102.02.
Neogen IPO subscribed 27% on Day 1
Neogen Chemicals initial public offering was subscribed 27 per cent on the first day of bidding Wednesday. The Rs 132-crore initial public offering (IPO) received bids for 11,67,595 shares against the total issue size of 43,29,038 shares, according to data from the National Stock Exchange.
FPIs buy Rs 975 crore worth of equities
Foreign portfolio investors (FPIs) bought Rs 974.88 crore worth of domestic stocks on Wednesday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 657.06 crore, data suggested.
intraday equity levels
Singapore trading sets stage for negative start
Nifty futures on the Singapore Exchange were trading 27.50 points, or 0.23 per cent, lower at 11,709.50, indicating a negative start for Dalal Street.
Market-wide rollovers at 65%
The market-wide rollovers stood at 65 per cent till Wednesday. Nifty futures rollover stood at 58 per cent, which were higher than average rollovers of 51 per cent seen in the last three series.
Tech view: Nifty forms long bullish candle
Nifty50 snapped a three-day losing streak on Wednesday to settle above the 11,700 mark. In this process, it formed a long bullish candle on the daily chart. The 11,550 level proved to be a strong support for the index. Analysts said a move above 11,787 could signal the end of the recent corrective phase.
Asian stocks off to cautious start
Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, while Japan's Nikkei average edged up 0.3 per cent to 22,264.81 points.
US stocks settled lower
At the market close on Wednesday, the Dow Jones Industrial Average fell 59.34 points, or 0.22 per cent, to 26,597.05, the S&P500 index lost 6.43 points, or 0.22 per cent, to 2,927.25 and the Nasdaq Composite dropped 18.81 points, or 0.23 per cent, to 8,102.02.
Neogen IPO subscribed 27% on Day 1
Neogen Chemicals initial public offering was subscribed 27 per cent on the first day of bidding Wednesday. The Rs 132-crore initial public offering (IPO) received bids for 11,67,595 shares against the total issue size of 43,29,038 shares, according to data from the National Stock Exchange.
FPIs buy Rs 975 crore worth of equities
Foreign portfolio investors (FPIs) bought Rs 974.88 crore worth of domestic stocks on Wednesday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 657.06 crore, data suggested.
intraday equity levels
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