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MARKET COMMENTARY

( As on Feb-26-2021 08:41 )
Indian benchmark indices are expected to start the day in red on Friday on the first day of the March series.

All eyes today will be on the gross domestic product data, to be released later in the day, which will shed light on whether the economy continued to be in recession in the third quarter of FY21 or it ended with the second quarter only.

Among individual stocks , RailTel Corporation of India will list its shares at the bourses today. The issue price has been fixed at Rs 94 per share.

On Thursday, the 30-share benchmark index ended at 51039.31 up by 257.62 points or by 0.51 % and then NSE Nifty was at 15097.35 up by 115.35 points or by 0.77 %.

On the global front, Wall Street’s main indices tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.

The Dow Jones Industrial Average closed 559.85 points lower, or 1.75%, to 31,402.01, the S&P 500 lost 96.09 points, or 2.45%, to 3,829.34 and the Nasdaq Composite dropped 478.54 points, or 3.52%, to 13,119.43. Asian stocks opened sharply lower on Friday after Wall Street’s main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark U.S. Treasury yields.

Australia’s S&P/ASX 200 fell 2% in early trade, on track for the biggest intraday percentage loss since Jan. 28. Japan’s Nikkei 225 was down 1.8% while Hong Kong’s Hang Seng index futures lost 1.69%.

Back home, Top traded Volumes on NSE Nifty – Coal India Ltd. 85580477.00, NTPC Ltd. 68361756.00, Tata Motors Ltd. 64514912.00, Indian Oil Corporation Ltd. 62750445.00, Oil And Natural Gas Corporation Ltd. 62038881.00, On NSE, total number of shares traded was 38.81 Crore and total turnover stood at Rs. 84304.28 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 648348 with a total turnover of Rs. 66232.13 Crore. Along with this total number of contracts traded in stock futures were 1840898 with a total turnover of Rs. 165586.29 Crore. Total numbers of contracts for index options were 83372199 with a total turnover of Rs. 8207491.22 Crore. and total numbers of contracts for stock options were 1813021 with a total turnover of Rs. 164600.44 Crore.

The FIIs on 25/02/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6018.79 Crore and gross debt purchased stood at Rs. 1048.81 Crore, while the gross equity sold stood at Rs. 6319.26 Crore and gross debt sold stood at Rs. 2778.91 Crore. Therefore, the net investment of equity and debt reported were Rs. -300.47 Crore and Rs. -1730.10