Domestic markets are likely to start Wednesday's trade on a firm note, ahead of the US Federal Reserve's interest rate decision. As of 8:05 am, the SGX Nifty quoted at 17,175 levels, up 31-odd points.
Among individual stocks, shares of Tata Motors will be tracked after the automaker hiked prices commercial vehicles (CV) range by 5 percent starting April 1.
Besides, shares of PFC will be in focus after the board approved raising up to Rs 80,000 crore through various financial instruments
On Tuesday, the 30-share benchmark index ended at 58074.68 up by 445.73 points or by 0.77 % and then NSE Nifty was at 17107.5 up by 119.1 points or by 0.7 %.
On the global front, the US markets edged higher as investors hoped for an end to the monetary tightening cycle due to the banking sector crisis. Dow Jones, NASDAQ Composite, and the S&P 500 indices surged up to 1.5 per cent.
Asia-Pacific markets, too, climbed in tandem, with Nikkei 225, Kospi, Topix, the S&P 200, Kosdaq, Hang Seng indices rising up to 2 per cent.
Back home, Top traded Volumes on NSE Nifty – State Bank of India 29485180.00, Tata Steel Ltd. 26434897.00, ICICI Bank Ltd. 18755854.00, HDFC Bank Ltd. 16525247.00, NTPC Ltd. 12894327.00,
On NSE, total number of shares traded was 194.28 Crore and total turnover stood at Rs. 45229.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 358939 with a total turnover of Rs. 33332.31 Crore. Along with this total number of contracts traded in stock futures were 760488 with a total turnover of Rs. 49929.54 Crore. Total numbers of contracts for index options were 303256293 with a total turnover of Rs. 24389482.50 Crore. and total numbers of contracts for stock options were 3365379 with a total turnover of Rs. 224454.81 Crore.
The FIIs on 21/03/2023 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4717.40 Crore and gross debt purchased stood at Rs. 1015.75 Crore, while the gross equity sold stood at Rs. 6623.05 Crore and gross debt sold stood at Rs. 796.24 Crore. Therefore, the net investment of equity and debt reported were Rs. -1905.65 Crore and Rs. 219.51