Pre-Session: Indices likely to open on subdued note; TCS Q4 nos today
12/04/2021 08:31
Indian benchmark indices are expected to start the day on subdued note amid fast-rising Covid-19 cases. India reported 1.69 lakh new infections on Sunday, taking the total infected cases to count to over 1.35 crore, according to Worldometer.

On the results front, Tata Consultancy Services, HDIL, California Software, Cupid Trades & Finance and Lloyds Metals and Energy are scheduled to announce their quarterly earnings today.

Analysts expect TCS to post 9 per cent YoY growth in March quarter revenue aided by certain large deals such as Postbank and Prudential Financial, ramp-up in multiple $50-100 million deals won in the preceding quarter, and strong demand in areas of cloud and customer experience.

On Friday, the 30-share benchmark index ended at 49591.32 down by -154.89 points or by -0.31 % and then NSE Nifty was at 14834.85 down by -38.95 points or by -0.26 %.

On the global front, Asian shares started cautiously on Monday as investors wait to see if US earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong readings for US inflation and retail sales this week.

MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.05 per cent in slow early trade. Tokyo’s Nikkei edged up 0.1 per cent, while South Korean stocks rose 0.2 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 75462572.00, JSW Steel Ltd. 51062079.00, State Bank of India 46473100.00, Tata Steel Ltd. 32179069.00, ICICI Bank Ltd. 23239564.00,

On NSE, total number of shares traded was 26.57 Crore and total turnover stood at Rs. 70616.38 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 308106 with a total turnover of Rs. 28979.51 Crore. Along with this total number of contracts traded in stock futures were 691968 with a total turnover of Rs. 68189.29 Crore. Total numbers of contracts for index options were 20832596 with a total turnover of Rs. 1972246.34 Crore. and total numbers of contracts for stock options were 1595237 with a total turnover of Rs. 164995.67 Crore.

The FIIs on 09/04/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 10195.16 Crore and gross debt purchased stood at Rs. 570.58 Crore, while the gross equity sold stood at Rs. 8111.65 Crore and gross debt sold stood at Rs. 481.66 Crore. Therefore, the net investment of equity and debt reported were Rs. 2083.51 Crore and Rs. 88.92