Equity

News

MARKET COMMENTARY

Jan-27-2023 08:47

The market is expected to open in the green on January 27 as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 74 points.

Among individuals, Adani Group stocks will be in focus as companies linked to Gautam Adani plan to file a detailed response on Friday. This comes after Hindenburg Research said it stands by its report that alleged "brazen" market manipulation and accounting fraud by the Adani group, saying it has a long list of documents it will demand in a legal discovery process.

Besides, Adani Group's Rs 20,000-crore FPO will open for subscription today, and will run till January 31. On the earnings front, 67 companies, including Bajaj Finance and Vedanta, are scheduled to report their October- December quarter earnings on Friday.

On Wednesday, the 30-share benchmark index ended at 60205.06 down by -773.69 points or by -1.27 % and then NSE Nifty was at 17891.95 down by -226.35 points or by -1.25 %.

On the global front, Stocks in the Asia-Pacific traded higher on Friday with Japan's Nikkei 225 up 0.11 per cent. In Australia, the S&P/ASX 200 traded 0.23 per cent higher, while South Korea's Kospi was flat. China stock exchanges are closed till Monday.

Overnight, on Wall Street, the Nasdaq Composite jumped 1.76 per cent, the Dow Jones Industrial Average rose 0.61 per cent, while the S&P 500 gained 1.10 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 46522102.00, State Bank of India 25686294.00, Tata Motors Ltd. 22975581.00, Adani Ports & Special Economic Zone Ltd. 17085455.00, ICICI Bank Ltd. 14918485.00, On NSE, total number of shares traded was 24.57 Crore and total turnover stood at Rs. 49756.08 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 688184 with a total turnover of Rs. 66228.29 Crore. Along with this total number of contracts traded in stock futures were 2571512 with a total turnover of Rs. 175076.63 Crore. Total numbers of contracts for index options were 396536929 with a total turnover of Rs. 39636319.29 Crore. and total numbers of contracts for stock options were 3332266 with a total turnover of Rs. 242711.04 Crore.

The FIIs on 25/01/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6448.56 Crore and gross debt purchased stood at Rs. 1094.33 Crore, while the gross equity sold stood at Rs. 6562.84 Crore and gross debt sold stood at Rs. 0.14 Crore. Therefore, the net investment of equity and debt reported were Rs. -114.28 Crore and Rs. 1094.19