Indian benchmarks are expected to start the day on a flat note and may continue to consolidate and book-profit during Friday's trading session. Trends on SGX Nifty indicate a flat opening for the broader indices in India. Rating agency ICRA's downward revision to India's Q2FY20 gross domestic product growth, stock-specific developments, and global cues would drive the markets today.
Meanwhile, Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.
On Wall Street, the Dow Jones Industrial Average fell 0.2 per cent, the S&P 500 lost 0.16 per cent, and the Nasdaq Composite dropped 0.24 per cent during the overnight trade on Thursday.
Crude oil prices rebounded from early losses and moved higher to hit their best levels in almost two months on Thursday, reacting to reports that OPEC and its allies will likely extent output cuts beyond March 2020. Whereas, the rupee fluctuated between a high of 71.72 and a low of 71.89 and finally ended the day at 71.76 against the US dollar.
On Thursday, the 30-share benchmark index ended at 40575.17 down by -76.47 points or by -0.19 % and then NSE Nifty was at 11968.4 down by -30.7 points or by -0.26 %.
Top traded Volumes on NSE Nifty – YES Bank Ltd. 133531524.00, Zee Entertainment Enterprises Ltd. 100218862.00, State Bank of India 34116162.00, ICICI Bank Ltd. 25745594.00, Bharat Petroleum Corporation Ltd. 22312660.00, On NSE, total number of shares traded was 28.47 Crore and total turnover stood at Rs. 42655.64 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 242981 with a total turnover of Rs. 17964.03 Crore.
Along with this total number of contracts traded in stock futures were 981706 with a total turnover of Rs. 53314.60 Crore. Total numbers of contracts for index options were 32627547 with a total turnover of Rs. 2232282.89 Crore. and total numbers of contracts for stock options were 981044 with a total turnover of Rs. 58253.49 Crore.
The FIIs on 21/11/2019 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5793.99 Crore and gross debt purchased stood at Rs. 978.36 Crore, while the gross equity sold stood at Rs. 5366.03 Crore and gross debt sold stood at Rs. 3408.58 Crore. Therefore, the net investment of equity and debt reported were Rs. 427.96 Crore and Rs. -2430.22.