Stock Market

The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 97-point gain. BSE barometer Sensex is expected to make a dash to reclaim the 50,000 mark amid a firm set of global cues.

Besides, strong macroeconomic data and weakness in crude oil prices could also support the upside. India's goods and services tax (GST) collection surpassed the Rs 1 trillion-mark for the fifth consecutive month, touching Rs 1.13 trillion in February, indicating signs of improvement in the economy.

On Monday, the 30-share benchmark index ended at 49849.84 up by 749.85 points or by 1.53 % and then NSE Nifty was at 14761.55 up by 232.4 points or by 1.6 %.

On the global front, the S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery.

The Dow Jones Industrial Average surged 1.95% to end at 31,535.51 points, while the S&P 500 gained 2.38% to 3,901.82. The Nasdaq Composite jumped 3.01% to 13,588.83. Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor's nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 61190868.00, Bharti Airtel Ltd. 54075848.00, Oil And Natural Gas Corporation Ltd. 41672980.00, Indian Oil Corporation Ltd. 30046249.00, State Bank of India 29677890.00,

On NSE, total number of shares traded was 35.84 Crore and total turnover stood at Rs. 66929.92 Crore. On NSE Future and Options, total number of contracts traded in index futures was 359274 with a total turnover of Rs. 35524.81 Crore. Along with this total number of contracts traded in stock futures were 698491 with a total turnover of Rs. 65362.49 Crore. Total numbers of contracts for index options were 24913731 with a total turnover of Rs. 2448594.52 Crore. and total numbers of contracts for stock options were 1154115 with a total turnover of Rs. 110547.98 Crore.

The FIIs on 01/03/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 22786.29 Crore and gross debt purchased stood at Rs. 935.20 Crore, while the gross equity sold stood at Rs. 30957.77 Crore and gross debt sold stood at Rs. 1792.96 Crore. Therefore, the net investment of equity and debt reported were Rs. -8171.48 Crore and Rs. -857.76