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Thursday, August 30, 2012
Markets expect a negative start; F&O expiry eyed
Indian markets may open on a negative note led by negative Asian cues. SGX Nifty is trading 11 points lower. Events for the day: F&O Expiry for the month of August. Headlines for the day: Hospira to buy manufacturing facility from Orchid Chemicals. Thejo Engineering to launch Rs21 cr IPO on Sept 4. SKS Microfinance allots 44.5 lakh shares to Kumaon investment.
Nifty September 2012 futures at premium
Turnover drops Nifty September 2012 futures were at 5325.90, at a premium of 38.10 points over spot closing of 5287.80. Nifty August 2012 futures were at 5294.95, at a premium of 7.15 points over spot closing of 5287.80. Turnover on NSE's futures & options (F&O) segment declined to Rs 170841.35 crore from Rs 173663.23 crore on Tuesday, 28 August 2012. State Bank of India (SBI) August 2012 futures were at 1834.10, at a premium over spot closing of 1828.65. United Spirits August 2012 futures were at 982.80, at a discount compared to spot closing of 983. Jaiprakash Associates August 2012 futures were at 63.60, at a discount compared to spot closing of 63.70. In the cash market, the S&P CNX Nifty lost 46.80 points or 0.88% to settle at 5,287.80, its lowest closing level since 6 August 2012. The August 2012 derivatives contracts expire tomorrow, 30 August 2012.
Market may extend recent losses on weak Asian stocks
Market may extend recent losses on weak Asian stocks The market may extend recent losses on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 6.50 points at the opening bell. The market may remain volatile today, 30 August 2012, as traders roll over positions in the futures & options (F&O) segment from the near-month August 2012 series to September 2012 series. The August 2012 derivatives contracts expire today, 30 August 2012. Asian stocks traded lower Thursday, as weak data from Japan and declining commodity prices put pressure on major markets a day ahead of a much-awaited speech from U.S. Federal Reserve Chairman Ben Bernanke.
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