Domestic markets are likely to open lower for the second consecutive day, amid renewed fears of rising interest rates. As of 8:15 am, the SGX Nifty suggested a gap-down start at 17,455 levels, down over 150 points.
Among individuals, shares of Adani-Group companies will be in focus after the conglomerate told investors at a meeting in London that Gautam Adani and his family have prepaid all borrowings backed by Adani Group company shares.
Besides, shares of Power Grid will be tracked after the state-owned firm approved raising up to Rs 900 crore through issuance of non-convertible bonds on private placement basis.
On Thursday, the 30-share benchmark index ended at 59806.28 down by -541.81 points or by -0.9 % and then NSE Nifty was at 17589.6 down by -164.8 points or by -0.93 %.
On the global front, investors will watch out key payroll data on Friday that could shape interest rate trajectory. Overnight, the US markets were hammered, with Dow Jones, NASDAQ Composite, and the S&P 500 indices declining up to 2 per cent.
The Wall Street sell-off spread to markets in Asia-Pacific too this morning, as Nikkei 225, Topix, the S&P 200 indices lost over 1 per cent each.
In the commodities market, prices of Brent Crude and WTI Crude were flat after a two-day decline at $81 per barrel, and $75 per barrel, respectively.
Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 51967449.00, NTPC Ltd. 18874546.00, Adani Ports & Special Economic Zone Ltd. 17041388.00, Axis Bank Ltd. 14746065.00, Adani Enterprises Ltd. 12627794.00,
On NSE, total number of shares traded was 206.31 Crore and total turnover stood at Rs. 47885.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 295180 with a total turnover of Rs. 28132.01 Crore. Along with this total number of contracts traded in stock futures were 641894 with a total turnover of Rs. 42696.38 Crore. Total numbers of contracts for index options were 372872849 with a total turnover of Rs. 36389521.85 Crore. and total numbers of contracts for stock options were 2639217 with a total turnover of Rs. 182363.56 Crore.
The FIIs on 09/03/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11520.52 Crore and gross debt purchased stood at Rs. 423.54 Crore, while the gross equity sold stood at Rs. 7569.56 Crore and gross debt sold stood at Rs. 1672.27 Crore. Therefore, the net investment of equity and debt reported were Rs. 3950.96 Crore and Rs. -1248.73