Pre Session: Markets may open marginally higher in early trade 30/03/2017 08:09

Pre Session: Markets may open marginally higher in early trade
30/03/2017 08:09
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND : BUY ZONE


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The Indian benchmarks are set to open marginally higher on Thursday backed by positive global and domestic cues on Thursday. The market is likely to react positively on Thursday after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. But the market could remain volatile due to March F&O expiry today. The Asian markets have opened mostly higher helped by gains in oil prices, while Wall Street

closed mixed on Wednesday after healthcare bill failed to impress Congress.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9153, up by 9 points or 0.10 per cent, at 10:34 AM Singapore time, signalled a flat to marginally higher opening for the domestic bourses.

On Wednesday, the Indian equity extended rally, tracking firm global cues, ahead of the expiry of March series futures and options contracts on Thursday. The market sentiment got a lift on renewed optimism for tax reforms in the US coupled with sustained buying by foreign portfolio investors. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29531.43, up by 121.91 points or by 0.41 per cent, and the NSE Nifty ended at 9143.8, up by 43 points or by 0.47 per cent.

Top traded Volumes on NSE Nifty – State Bank of India 31008407.00, Idea Cellular Ltd. 25516938.00, Bank of Baroda 20952290.00, ICICI Bank Ltd. 17191675.00, Bharti Infratel Ltd. 13686074.00, On NSE, total number of shares traded was 140.95 Crore and total turnover stood at Rs. 31914.95 Crore. On NSE Future and Options, total number of contracts traded in index futures was 346650 with a total turnover of Rs. 25366.11 Crore. Along with this total number of contracts traded in stock futures were 1431057 with a total turnover of Rs. 103129.03 Crore. Total numbers of contracts for index options were 5584526 with a total turnover of Rs. 422071.09 Crore. and total numbers of contracts for stock options were 577799 with a total turnover of Rs. 43791.13 Crore. The FIIs on 29/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 21367.12 Crore and gross debt purchased stood at Rs. 8211.75 Crore, while the gross equity sold stood at Rs. 14015.17 Crore and gross debt sold stood at Rs. 1251.56 Crore. Therefore, the net investment of equity and debt reported were Rs. 7351.95 Crore and Rs. 6960.19

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