Pre Session: Markets may open higher in early trade 28/03/2017 08:06

Pre Session: Markets may open higher in early trade
28/03/2017 08:06
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND : BUY ZONE


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The Indian benchmarks are set to open higher on Tuesday amid strong global cues from its Asian peers.

The Asian markets have opened mostly higher as investors shrugged off the disappointment from the current US administration's ability to push through legislation to repeal and replace the Obama-era health-care law, while Wall Street closed lower on Monday as investors reassessed whether the Trump administration cam deliver on reforms.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9096.50, up by 24 points or 0.26 per cent, at 10:32 AM Singapore time, signalled a higher opening for the domestic bourses.

On Monday, the Indian equity benchmarks kicked-off the week on a bearish note, with Sensex and Nifty falling over 0.6 per cent, weighed down by profit booking across metal, pharma, energy, telecom, oil&gas, FMCG and auto stocks, tracking weak cues from Asian peers. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29233.44, down by 187.96 points or by 0.64 per cent, and the NSE Nifty ended at 9045.2, down by 62.8 points or by 0.69 per cent.

Top traded Volumes on NSE Nifty – Bank of Baroda 24032433.00, Idea Cellular Ltd. 23164490.00, Hindalco Industries Ltd. 16988411.00, State Bank of India 15966114.00, ITC Ltd. 12154973.00, On NSE, total number of shares traded was 115.79 Crore and total turnover stood at Rs. 26834.84 Crore. On NSE Future and Options, total number of contracts traded in index futures was 335315 with a total turnover of Rs. 24030.79 Crore. Along with this total number of contracts traded in stock futures were 1028024 with a total turnover of Rs. 72912.71 Crore. Total numbers of contracts for index options were 5177977 with a total turnover of Rs. 382832.84 Crore. and total numbers of contracts for stock options were 467951 with a total turnover of Rs. 34387.16 Crore. The FIIs on 27/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5359.81 Crore and gross debt purchased stood at Rs. 1472.39 Crore, while the gross equity sold stood at Rs. 4776.19 Crore and gross debt sold stood at Rs. 557.66 Crore. Therefore, the net investment of equity and debt reported were Rs. 583.62 Crore and Rs. 914.73.

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