Pre Session: Sensex seen opening flat on mixed global cues : 30/11/2016 08:26

Pre Session: Sensex seen opening flat on mixed global cues : 30/11/2016 08:26
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Indian equity benchmarks are likely to open on flat note with slightly positive bias on Wednesday, tracking a mixed trend across markets in Asia as investors eyed the meeting of OPEC member to discuss possible output cuts and Italy's referendum. Slim gains in the SGX Nifty Index Futures for December delivery which were trading at 8,181.00, up by 7.5 points or 0.09 per cent, at 10:54 AM Singapore time, signal that the Sensex may open flat today. Shares of Punj Lloyd and Gvk Power & Infrastructure will be in focus today as the companies unveil their earnings data for the September 2016 quarter. The movement of the rupee will also influence sentiment on Dalal Street as fears of an imminent Fed interest rate hike curb foreign capital inflows to emerging markets.

On Tuesday, the Indian benchmark indices ended tad higher for the third straight session as investors remained engaged in buying across auto, oil & gas, metal, consumer durables, PSU, capital goods and realty stocks. Broader markets outperformed benchmark indices with BSE Midcap and Small Cap rising as much as 0.5 per cent each. The 30-share benchmark index closed trade at 26394.01, up by 43.84 points or by 0.17 per cent, and the NSE Nifty ended at 8142.15, up by 15.25 points or by 0.19 per cent.

Most Asian stocks were trading mixed as oil prices tumbled as investors remained wary ahead of key global events such as the meeting of OPEC member to discuss possible output cuts, US jobs report and Italy's referendum. Nikkei 225 and Hang Seng were trading higher, while Shanghai Composite was trading higher with marginal gains. In the overnight trade, Wall Street ended tad higher, reversing previous session losses, after gross domestic product data showed that the world’s largest economy grew at the fastest pace in over two years in the third quarter, while consumer confidence index surged in November to prerecession levels.

Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 29390602.00, Idea Cellular Ltd. 18331314.00, State Bank of India 12656706.00, Hindalco Industries Ltd. 9819481.00, ITC Ltd. 8613611.00.

On NSE, total number of shares traded was 90.05 Crore and total turnover stood at Rs. 18689.50 Crore. On NSE Future and Options, total number of contracts traded in index futures was 212764 with a total turnover of Rs. 13942.89 Crore. Along with this total number of contracts traded in stock futures were 450142 with a total turnover of Rs. 29961.91 Crore. Total numbers of contracts for index options were 2809657 with a total turnover of Rs. 190047.58 Crore and total numbers of contracts for stock options were 216720 with a total turnover of Rs. 14917.02 Crore.

The FIIs on November 29, 2016 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 4037.25 Crore and gross debt purchased stood at Rs. 268.29 Crore, while the gross equity sold stood at Rs. 5404.10 Crore and gross debt sold stood at Rs. 3790.54 Crore. Therefore, the net investment of equity and debt reported were Rs. -1366.85 Crore and Rs. -3522.25