Pre Session: Sensex, Nifty set to extend rally on firm global cues; Maruti Suzuki, Wipro Q3 eyed 25/01/2017 08:27

Pre Session: Sensex, Nifty set to extend rally on firm global cues; Maruti Suzuki, Wipro Q3 eyed
25/01/2017 08:27
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Indian equities are poised to extend rally on Wednesday as investors shrugged off global concerns and shifted focus to Union Budget 2017-18 which will be presented on February 1, tracking firm global cues. Overseas, the Asian peers were trading mostly higher after Wall Street ended higher in overnight trade amid renewed optimism about US President Donald Trump's policies. Firm trend in the SGX Nifty Index Futures for January delivery, which were trading at 8,510.00, up by 24.50 points or 0.29 per cent, at 10:52 AM Singapore time, also signaled a positive start for Sensex. The market may some volatility in the holiday shortened week with the January expiry happening a day ahead of Republic Day holiday. Investors would also react to earnings reports of index heavyweights such as, Kotak Mahindra Bank, Maruti Suzuki and Wipro, which will test the nerves of the traders with their financial results for the quarter ended December 31, 2016.

On Tuesday, the Indian equities settled the day on positive note ahead of expiry of January derivative contracts tomorrow and Union Budget that will be presented on February 1. The investors shrugged off concerns over Donald Trump’s protectionist policies and shifted focus to Union Budget 2017-18. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27375.58, up by 258.24 points or by 0.95 per cent, and the NSE Nifty was at 8475.8, up by 84.3 points or by 1 per cent.

Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 24109134.00, Hindalco Industries Ltd. 17125785.00, Idea Cellular Ltd. 16981274.00, State Bank of India 13540202.00, ITC Ltd. 8031785.00.

On NSE, total number of shares traded was 93.08 Crore and total turnover stood at Rs. 19591.30 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 405734 with a total turnover of Rs. 27022.75 Crore. Along with this total number of contracts traded in stock futures were 1478974 with a total turnover of Rs. 97635.96 Crore. Total numbers of contracts for index options were 5944767 with a total turnover of Rs. 402624.00 Crore and total numbers of contracts for stock options were 498455 with a total turnover of Rs. 35592.71 Crore.

The FIIs on January 24, 2017 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 4313.87 Crore and gross debt purchased stood at Rs. 436.20 Crore, while the gross equity sold stood at Rs. 4575.95 Crore and gross debt sold stood at Rs. 498.59 Crore. Therefore, the net investment of equity and debt reported were Rs. -262.08 Crore and Rs. -62.39.