5 things you should know before market opens on Wednesday

By: | Updated: September 28, 2016 8:24 AM

Asian peers Hang Seng, Nikkei and Shanghai were trading down by 0.54 per cent, 1.57 per cent and 0.20 per cent, respectively, in the morning trade.

BSE Sensex, NSE NiftyAsian peers Hang Seng, Nikkei and Shanghai were trading down by 0.54 per cent, 1.57 per cent and 0.20 per cent, respectively, in the morning trade.

Domestic equity markets are likely to open in red on Wednesday tracking global cues. The BSE Sensex and NSE Nifty fell for the third straight day on Tuesday on account of some selling pressure in the last leg of trade amid weak European cues. Stocks markets are expected to remain volatile ahead of the derivatives expiry of Thursday. The 30-share index closed 71 points down at 28223.70 on Tuesday, while the 50-share index slipped 16.65 points down at 8706.40.

Below are 5 things you should know before market opens on Wednesday:

1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 24.50 points, or 0.28 per cent, down at 8699, indicating a gap-down opening for domestic equity markets.

2) Asian peers Hang Seng, Nikkei and Shanghai were trading down by 0.54 per cent, 1.57 per cent and 0.20 per cent, respectively, in the morning trade.

3) Consumer and technology stocks helped US markets to end the day in green on Tuesday after the US Presidential debate between Hillary Clinton and Donald Trump. The Dow Jones Industrial Average index advanced by 133.34 points, or 0.74 per cent, to 18,228.17, the S&P 500 gained 13.82 points, or 0.64 per cent, to 2,159.92 and the Nasdaq Composite added 48.22 points, or 0.92 per cent, to 5,305.71.

4) The FIIs as per Tuesday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 4413.60 crore against gross selling of Rs 4557.21 crore. Thus, FIIs stood as net sellers of Rs 143.61 crore in equities. In the debt segment, the gross purchase was of Rs 1764.25 crore with gross sales of Rs 636.13 crore. Thus, FIIs stood as net buyers of Rs 1128.12 crore in debt.

5) Shares of Motherson Sumi will remain in focus on Wednesday. The Reserve Bank of India has allowed foreign investors to increase their stake in Motherson Sumi Systems to up to 30 per cent from 24 per cent earlier.

Mphasis Ltd on Wednesday informed BSE that the board of directors have approved a dividend of Rs 20 per equity share of Rs 10 each for the financial year ended March 31, 2016.

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