Post Market-Benchmark indices consolidate, broader markets outperform Analysis for May 20, 2014

Posted By: Religare
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Indian markets settled the volatile session for today on a flat note. Albeit, SENSEX and Nifty underwent consolidation after gaining for three sessions in a row, the broader market averages experienced massive buying interest. The BSE Mid and small caps outperformed their larger counterparts gaining 1.74% and 3.06% respectively. The reality and tech stocks were the value toppers for today"s session.

Top traded Volumes on NSE Nifty – Sesa Sterlite Ltd. 26350736.00, NTPC Ltd. 23230325.00, Bharat Heavy Electricals Ltd. 22649893.00, IDFC Ltd. 17441867.00, and DLF Ltd. 16677976.00

On BSE, total number of shares traded was 48.83 Crore and total turnover stood at Rs. 5714.28 Crore.

On NSE, total number of shares traded was 190.90 Crore and total turnover stood at Rs. 30552.75 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 541512 with a total turnover of Rs. 19954.04 Crore. Along with this total number of contracts traded in stock futures were 1297626 with a total turnover of Rs. 47115.60 Crore. Total numbers of contracts for index options were 4517582 with a total turnover of Rs. 165910.97 Crore and total numbers of contracts for stock options were 517569 with a total turnover of Rs. 18746.02 Crore.

The Asian markets ended mixed today due to lack of any major stimulus. The investors are awaiting cues from the minutes of the April FOMC meeting and preliminary factory activity surveys for China, the European Union and the United States slated to be released later this week.

Japanese shares sure had a reason to rejoice, taking cues from a slightly weaker yen and a positive lead from Wall Street. The benchmark Nikkei average rose half a percent to 14,075 after having lost around 3 percent in the past four sessions. Bank of Japan's two-day policy meeting and Governor Haruhiko Kuroda's press conference due on tomorrow will be a substantial trigger for the markets deciding the course of direction as expectations for further easing continue to decline.

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Story first published: Tuesday, May 20, 2014, 17:12 [IST]
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