Pre Session: Markets may open flat on muted global cues 30/06/2017

Pre Session: Markets may open flat on muted global cues
30/06/2017
NIFTY FUT  TREND            :SELL ZONE
BANKNIFTY FUT TREND  :SELL ZONE

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The Indian benchmarks are set to open flat on Friday tracking muted cues from other Asian peers. The Asian markets have opened lower despite China manufacturing activity beating expectations as select tech shares around the region sold off, while the Wall Street closed lower in the previous trading session as S&P 500 and the Dow industrials suffered losses largely weighed down by technology stocks.

On the corporate front, Central Depository Services (CDSL) is all set to make its debut on exchanges on Friday, June 30. The final issue price is fixed at Rs 149, the higher end of the price band.

HDFC will also be in focus on the news that HDFC Life, one of the country’s leading private sector life insurance companies, will decide on the initial public offering (IPO) in its Board meeting in July.

Muted trends in the SGX Nifty Index Futures for July delivery, which were trading at 9504.50, up by 2 points or 0.02 per cent, at 10:40 AM Singapore time, signalled a flat opening for the domestic bourses.

On Thursday, the Indian equities ended tad higher in choppy trade, tracking firm cues from Asian peers, as traders rolled-over their position on the eve of June derivatives contract expiry. Investors also remained wary ahead of the launch of the long pending new tax regime GST on July 01.

The 30-share barometer SENSEX closed at 30857.52, up by 23.2 points or by 0.08 per cent, and the NSE Nifty ended at 9504.1, up by 12.85 points or by 0.14 per cent.

Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 34774280.00, State Bank of India 30457363.00, Vedanta Ltd. 22864221.00, Axis Bank Ltd. 11855524.00, Tata Motors Ltd. 11085101.00, On NSE, total number of shares traded was 178.30 Crore and total turnover stood at Rs. 29698.94 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 582751 with a total turnover of Rs. 45508.07 Crore. Along with this total number of contracts traded in stock futures were 1915982 with a total turnover of Rs. 129812.96 Crore. Total numbers of contracts for index options were 13970639 with a total turnover of Rs. 1160441.94 Crore. and total numbers of contracts for stock options were 585670 with a total turnover of Rs. 43677.24 Crore. The FIIs on 29/06/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5205.96 Crore and gross debt purchased stood at Rs. 1982.54 Crore, while the gross equity sold stood at Rs. 5569.06 Crore and gross debt sold stood at Rs. 500.47 Crore. Therefore, the net investment of equity and debt reported were Rs. -363.10 Crore and Rs. 1482.07
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