Indian equities may open flat to lower on Monday, tracking muted trends in SGX Nifty Index Futures and mixed cues from global peers. Overseas, the Asian stocks were trading mixed, following a weak US session on Friday, as investors weighed soft Chinese economic data and falling oil prices. Back home, muted trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,602.50, down by 22.00 points or 0.19 per cent, at 10:58 AM, Singapore Time, also indicated a flat to negative start for local bourses. On the economy front, government will release consumer price inflation data for October and factory output numbers for September. The traders will also keep an eye on development in State assembly elections which start from today. On the corporate front, shares of Reliance Communications (RCom) will remain in focus after the company said that it has settled a case with markets regulator Sebi over non-compliance with listing norms. On the earnings front, big names Aurobindo Pharma, Bank of India, Coal India, NMDC, Oil India, Eicher Motors, Godrej Industries, UCO Bank, Union Bank of India, and Usha Martin will release their earnings numbers.
Domestic benchmark indices ended on a negative note after a choppy session Friday amid weak global cues as the US Fed hinted at a rate hike next month. According to analysts, market was range-bound due to weak global cues. Investors are also awaiting Consumer Price Index (CPI) data Monday, which is expected to come down slightly due to recent cut in fuel taxes and fall in oil prices. Additionally, upcoming state elections will be a key trigger to monitor while fall in crude oil prices and bond yields along with appreciation in rupee will provide support to the market, they added. The 30-share benchmark index ended at 35158.55 down by 79.13 points or by 0.22 per cent, while the NSE Nifty was at 10585.2 down by 13.2 points or by 0.12 per cent.
Top traded Volumes on NSE Nifty were YES Bank Ltd. 40754087.00, Tata Motors Ltd. 22341961.00, State Bank of India 19201007.00, ICICI Bank Ltd. 15130936.00, ITC Ltd. 15034793.00.
On NSE, total number of shares traded was 144.65 Crore and total turnover stood at Rs. 29572.57 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 233993 with a total turnover of Rs. 15559.97 Crore. Along with this total number of contracts traded in stock futures were 747777 with a total turnover of Rs. 41418.95 Crore. Total numbers of contracts for index options were 5660696 with a total turnover of Rs. 328284.82 Crore and total numbers of contracts for stock options were 533680 with a total turnover of Rs. 30214.27 Crore.
As on November 09, 2018, the FIIs stood as net seller in equity market, but net seller in debt market. Gross equity purchased stood at Rs. 4016.71 Crore and gross debt purchased stood at Rs. 276.38 Crore, while the gross equity sold stood at Rs. 4288.11 Crore and gross debt sold stood at Rs. 123.11 Crore. Therefore, the net investment of equity and debt reported were Rs. -271.40 Crore and Rs. 153.27.