MUMBAI: 9.40 am: As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 1,330.12 crore on September 23. Domestic institutional investors bought shares worth Rs 891.36 crore. Sensex was down 88 points at 25,734.99.
9.34 am: Balmer Lawrie & Company informed stock exchanges on Wednesday (post market hours) that it will be investing Rs 400 crore in its logistics infrastructure business in the next 24-36 months. The company will be setting up Multi-modal Logistics Hub at Vizag, a project under the MoU signed with Visakhapatnam Port Trust. The share price of Balmer Lawrie & Company was trading 0.45 percent up at Rs 566.35. Sensex was down 58 points at 25,765. Nifty was down 11 points 7,834.95.
9.16 am: Sensex was down over 100.98 points at 25722.01. Shares of Lupin, Bajaj Auto, Dr Reddy’s Laboratories were trading in green in the opening trade. However, Larsen & Toubro and Reliance were down over 1 percent.
Domestic equity markets opened on a flat note with negative bias on Thursday tracking Asian markets. Sensex opened 24.94 points down at 25,798.05. Nifty opened 7.55 points down at 7,838.40.
Markets are likely to remain volatile throughout the day as the September F&O series will expire on Thursday and traders will be adjusting their positions.
NIFTY FUTURE OI added open interest by 42 percent in the entire September series with a fall in price by 1.30 percent at 7,846 levels. Chandan Taparia, derivatives and technical analyst, Anand Rathi, said, “Put Call ratio is hovering near to 0.95 levels which indicates that bulls are supporting the market on declines as sustain put writing seen at lower strikes.”
India VIX is down by 6 percent in this series and fell down from previous series high of 35.57 to 20.68 levels. “Volatility may remain high till RBI policy meet but recent fall in VIX is giving comfort to bulls to process for a short term bottom in the market,” said Taparia.
Rollover: Jubilant FoodWorks, JSW Steel, M&M Fin, RCom, Aurobindo Pharma, UBL, IDBI, TCS, GAIL are top in stocks rollover. Telecom, metals, fertilisers, infrastructure, textile, banking, pharma, capital goods and realty stocks are top in sector wise rollover.
Global Markets
New York: U.S. stocks ended down slightly on Wednesday, led by losses in materials and energy shares as weak Chinese and U.S. factory data added to growth worries.
London: Britain’s top equity index recovered on Wednesday from a slump in the previous session, as rising oil prices led to gains by energy stocks.
Tokyo: Japan’s Nikkei share average fell on Thursday as Japanese markets reopened after a three-day national holiday to face news of weak Chinese and U.S. factory performance.
Hong Kong: The Hang Seng Index down 0.8 percent.
