Jun-08-2023 08:49

Indian benchmark indices are expected to start the day on flat note on Thursday ahead of the Reserve Bank of India's (RBI) monetary policy outcome.

Headed by Reserve Bank Governor Shaktikanta Das, the six-member Monetary Policy Committee (MPC) will announce its decision on policy rates today.

The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank would keep the benchmark interest rates unchanged at 6.5 per cent on the back of easing retail inflation and the need to push economic growth.

Further, shares of banking and financial services, automobiles, real-estate, and consumer durables will be in focus as the central bank announces interest rate stance. On Wednesday, the 30-share benchmark index ended at 63142.96 up by 350.08 points or by 0.56 % and then NSE Nifty was at 18726.4 up by 127.4 points or by 0.68 %.

On the global front, the US markets closed mixed overnight ahead of economic report releases. While Dow Jones gained 0.2 per cent, the S&P 500, and NASDAQ Composite indices declined up to 1 per cent. Markets in Asia-Pacific, meanwhile, slipped further in trade this morning, after rally in Wall Street took a breather. Nikkei 225, Topix, Kospi, and the S&P 200 indices skid up to 1 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 45157197.00, Coal India Ltd. 21853324.00, Tata Motors Ltd. 20855239.00, ICICI Bank Ltd. 16486469.00, Axis Bank Ltd. 15795824.00,

On NSE, total number of shares traded was 46.15 Crore and total turnover stood at Rs. 60984.07 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 178228 with a total turnover of Rs. 17665.35 Crore. Along with this total number of contracts traded in stock futures were 672239 with a total turnover of Rs. 50184.68 Crore. Total numbers of contracts for index options were 162956358 with a total turnover of Rs. 16539021.31 Crore. and total numbers of contracts for stock options were 3429553 with a total turnover of Rs. 268331.87 Crore.

The FIIs on 07/06/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 9479.85 Crore and gross debt purchased stood at Rs. 820.37 Crore, while the gross equity sold stood at Rs. 8368.44 Crore and gross debt sold stood at Rs. 807.60 Crore. Therefore, the net investment of equity and debt reported were Rs. 1111.41 Crore and Rs. 12.77