Pre-market: Sensex to open higher led by OMCs, auto stocks Analysis for Jul 01, 2014

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The 30-share barometer index, Sensex is expected to open in green led by oil marketing companies after the government announced a hike in petrol and diesel prices by Rs 1.69 per liter and Rs 0.50 per liter, respectively. In addition, auto stocks will also remain in focus ahead of the June auto sales data due today.

Meanwhile, most of the Asian markets were trading in red ahead of the US and European economic data. Hong Kong"s Hang Seng index was trading down by nearly 30 points at 23,190; Singapore"s Straits Times was at 3,246, down by 9.35 points; and China"s Shanghai Composite was at 2,044, down by 3.53 points. On the other hand, Japan"s Nikkei 225 rallied by over 200 points at 15,366 in the morning session.

On Monday, the BSE"s SENSEX closed at 25413.78, up by 313.86 points or by 1.25 per cent and the NSE"s wide-based Nifty ended at 7611.35 up by 102.55 points or by 1.37 per cent. On BSE, total number of shares traded was 56.42 Crore and total turnover stood at Rs. 3550.80 Crore.

The FIIs on 30/06/2014 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3780.70 Crore and gross debt purchased stood at Rs. 348.81 Crore, while the gross equity sold stood at Rs. 3553.85 Crore and gross debt sold stood at Rs. 1822.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 226.85 Crore and Rs. -1473.44.

Story first published: Tuesday, July 1, 2014, 8:36 [IST]
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