Pre Session-Subdued opening on the cards for Sensex : 28/11/2016 08:48

Pre Session-Subdued opening on the cards for Sensex : 28/11/2016 08:48
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Indian equity benchmarks are likely to witness a subdued opening on Monday, tracking a mixed trend in fellow Asian peers amid optimism that the US economy is strong enough to withstand higher interest rates, also the softness in greenback and oil prices slip, influenced sentiment at D-Street.

Shares of Oil India, Mahanagar Gas and Sadbhav Engineering will be in focus today as the companies unveil their earnings data for the September 2016 quarter. The rupee bounced back on Friday, which hit a record low of 68.86 per dollar on Thursday will also influence sentiment on Dalal Street as fears of an imminent Fed interest rate hike curb foreign capital inflows to emerging markets.

Volatility may remain high at the domestic bourses amid uncertainty over the near-term outlook for Asia’s third biggest economy in the wake of the government’s stunning demonetization move. The 30-share Sensex jumped 456.17 points or by 1.76 per cent to 26316.34 on Friday.

Most Asian stocks were mixed with Shanghai Composite was up 0.46 per cent, Hang Seng rose 0.64 per cent while Nikkei 225 fell 0.80 per cent.

Top traded Volumes on NSE Nifty – State Bank of India 19303589.00, Hindalco Industries Ltd. 17338861.00, ICICI Bank Ltd. 15101544.00, Bank of Baroda 9693735.00, Power Grid Corporation of India Ltd. 8278235.00.

On BSE, total number of shares traded was 23.60 Crore and total turnover stood at Rs 2608.36 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 245992 with a total turnover of Rs 15920.43 Crore. Along with this total number of contracts traded in stock futures were 503441 with a total turnover of Rs 32253.03 Crore. Total numbers of contracts for index options were 2194570 with a total turnover of Rs 145132.94 Crore and total numbers of contracts for stock options were 228224 with a total turnover of Rs 15223.85 Crore.

The FIIs on 25/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6179.41 Crore and gross debt purchased stood at Rs. 2810.34 Crore, while the gross equity sold stood at Rs. 8217.71 Crore and gross debt sold stood at Rs. 3770.43 Crore. Therefore, the net investment of equity and debt reported were Rs. -2038.30 Crore and Rs. -960.09.