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MARKET COMMENTARY

( As on Oct-19-2021 08:44 )

Indian benchmark indices are expected to start the day in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 74-point gain. BSE barometer Sensex eyeing the 62,000-mark, riding on the back of strong earnings momentum and firm global cues.

On the result front, thirty three companies are slated to post the September quarter numbers today, including Hindustan Unilever, Nestle India, 5paisa Capital, ACC, DCM Shriram, Heidelbergcement India, ICICI Prudential Life Insurance Company, L&T Technology Services and Rallis India.

Analysts expect HUL to post low double-digit growth in September quarter revenue between 10 per cent and 15 per cent, while the bottom line may rise by 8-10 per cent on a year-on-year basis.

On Monday, the 30-share benchmark index ended at 61765.59 up by 459.64 points or by 0.75 % and then NSE Nifty was at 18477.05 up by 138.5 points or by 0.76 %.

On the global front, The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season. The Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.

Shares in Asia-Pacific rose in Tuesday morning trade following overnight gains on Wall Street that saw the S&P 500 notching its fourth day of gains. The Nikkei 225 in Japan gained 0.43% while the Topix index advanced 0.14%. South Korea’s Kospi climbed 0.51%.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 72322623.00, ITC Ltd. 60292901.00, Power Grid Corporation of India Ltd. 28909774.00, NTPC Ltd. 25346029.00, HCL Technologies Ltd. 23861603.00, On NSE, total number of shares traded was 48.70 Crore and total turnover stood at Rs. 103684.44 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 283768 with a total turnover of Rs. 27196.73 Crore. Along with this total number of contracts traded in stock futures were 1185407 with a total turnover of Rs. 115829.31 Crore. Total numbers of contracts for index options were 42030048 with a total turnover of Rs. 4065022.75 Crore. and total numbers of contracts for stock options were 4141490 with a total turnover of Rs. 414952.44 Crore.

The FIIs on 18/10/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 10654.50 Crore and gross debt purchased stood at Rs. 711.85 Crore, while the gross equity sold stood at Rs. 9175.84 Crore and gross debt sold stood at Rs. 1079.20 Crore. Therefore, the net investment of equity and debt reported were Rs. 1478.66 Crore and Rs. -367.35