The market is expected to open in the green on March 17 as trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 151 points.
Among individuals shares of TCS will be in focus after Managing Director and Chief Executive Officer Rajesh Gopinathan tendered his resignation.
Besides, shares of Eris Lifesciences will also be tracked after Dr Reddy's signed a deal with the company to divest certain non-core segments of dermatology.
On Thursday, the 30-share benchmark index ended at 57634.84 up by 78.94 points or by 0.14 % and then NSE Nifty was at 16985.6 up by 13.45 points or by 0.08 %.
On the global front, a relief rally cheered US markets overnight, after a consortium of banks said it would aid First of Republic with $30 billion deposits. Key indices Dow Jones, NASDAQ Composite, and the S&P 500 advanced up to 2 per cent.
Asia-Pacific markets, too, inched higher this morning, with Nikkei 225, Topix, Kospi, Kosdaq, the S&P 200 indices rising up to 0.9 per cent.
Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 81088340.00, State Bank of India 20040008.00, Oil And Natural Gas Corporation Ltd. 18551936.00, Bharat Petroleum Corporation Ltd. 18287315.00, Hindalco Industries Ltd. 16739755.00,
On NSE, total number of shares traded was 27.38 Crore and total turnover stood at Rs. 52693.55 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 587629 with a total turnover of Rs. 54089.29 Crore. Along with this total number of contracts traded in stock futures were 931164 with a total turnover of Rs. 60021.12 Crore. Total numbers of contracts for index options were 501600406 with a total turnover of Rs. 46632236.12 Crore. and total numbers of contracts for stock options were 3442982 with a total turnover of Rs. 228492.21 Crore.
The FIIs on 16/03/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5737.78 Crore and gross debt purchased stood at Rs. 956.75 Crore, while the gross equity sold stood at Rs. 6984.47 Crore and gross debt sold stood at Rs. 835.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -1246.69 Crore and Rs. 121.17