Pre Session: Sensex, Nifty seen opening higher on dovish Fed stance; July F&O eyed
27/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The market may also see some volatility on the eve of July Future & Option expiry due today. The Asian stocks were trading mostly higher as investors cheered the Federal Reserve's decision to leave interest rates unchanged, while upbeat corporate earnings also gave a boost to market sentiment. In the overnight trade, Wall Street ended higher on the back of strong corporate results and rebound in oil prices. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 10,042.00, up by 11.00 points or 0.11 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. The investors will react to a dovish Fed statement to left interest rates unchanged and indications to start winding down balance sheet reduction process "relatively soon". On the economy front, the government has raised the annual investment limit in Sovereign Gold Bonds (SGBs) to 4 kg per individual from 500 gm and also eased norms to make them lucrative for buyers. On the earnings front, big companies like Maruti, ITC, ICICI Bank, ONGC, HCL Technologies and Idea Cellular, will announce their June quarter results today.
Extending their record-breaking rally, the Indian equities continued its dream run on Wednesday with Nifty breaching psychological level of 10,000 for the first time, on sustained fund inflows and strong earnings by bluechip companies. Investors were in upbeat mood amid optimism that the Narendra Modi led NDA government will continue with its economic reform policies to make India an attractive destination for investments. Expectations of an interest rate cut by the Reserve Bank of India after CPI and WPI inflation cooled down to a record low in June also injected positivity among investors. The 30-share barometer SENSEX closed at 32382.46, up by 154.19 points or by 0.48 per cent, and the NSE Nifty ended at 10020.65, up by 56.1 points or by 0.56 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 26050717.00, Vedanta Ltd. 18594061.00, State Bank of India 12527914.00, Axis Bank Ltd. 12085057.00, Tata Power Company Ltd. 9530863.00.
On NSE, total number of shares traded was 212.22 Crore and total turnover stood at Rs. 29074.76 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 294136 with a total turnover of Rs. 24057.72 Crore. Along with this total number of contracts traded in stock futures were 1521764 with a total turnover of Rs. 112234.33 Crore. Total numbers of contracts for index options were 5963981 with a total turnover of Rs. 496149.24 Crore and total numbers of contracts for stock options were 806684 with a total turnover of Rs. 62299.43 Crore.
As on July 26, 2017 the FIIs turned net seller in debt segment, but turned net buyer in equity market. Gross equity purchased stood at Rs. 5636.61 Crore and gross debt purchased stood at Rs. 336.96 Crore, while the gross equity sold stood at Rs. 5315.48 Crore and gross debt sold stood at Rs. 650.39 Crore. Therefore, the net investment of equity and debt reported were Rs. 321.13 Crore and Rs. -313.43.
27/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The market may also see some volatility on the eve of July Future & Option expiry due today. The Asian stocks were trading mostly higher as investors cheered the Federal Reserve's decision to leave interest rates unchanged, while upbeat corporate earnings also gave a boost to market sentiment. In the overnight trade, Wall Street ended higher on the back of strong corporate results and rebound in oil prices. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 10,042.00, up by 11.00 points or 0.11 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. The investors will react to a dovish Fed statement to left interest rates unchanged and indications to start winding down balance sheet reduction process "relatively soon". On the economy front, the government has raised the annual investment limit in Sovereign Gold Bonds (SGBs) to 4 kg per individual from 500 gm and also eased norms to make them lucrative for buyers. On the earnings front, big companies like Maruti, ITC, ICICI Bank, ONGC, HCL Technologies and Idea Cellular, will announce their June quarter results today.
Extending their record-breaking rally, the Indian equities continued its dream run on Wednesday with Nifty breaching psychological level of 10,000 for the first time, on sustained fund inflows and strong earnings by bluechip companies. Investors were in upbeat mood amid optimism that the Narendra Modi led NDA government will continue with its economic reform policies to make India an attractive destination for investments. Expectations of an interest rate cut by the Reserve Bank of India after CPI and WPI inflation cooled down to a record low in June also injected positivity among investors. The 30-share barometer SENSEX closed at 32382.46, up by 154.19 points or by 0.48 per cent, and the NSE Nifty ended at 10020.65, up by 56.1 points or by 0.56 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 26050717.00, Vedanta Ltd. 18594061.00, State Bank of India 12527914.00, Axis Bank Ltd. 12085057.00, Tata Power Company Ltd. 9530863.00.
On NSE, total number of shares traded was 212.22 Crore and total turnover stood at Rs. 29074.76 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 294136 with a total turnover of Rs. 24057.72 Crore. Along with this total number of contracts traded in stock futures were 1521764 with a total turnover of Rs. 112234.33 Crore. Total numbers of contracts for index options were 5963981 with a total turnover of Rs. 496149.24 Crore and total numbers of contracts for stock options were 806684 with a total turnover of Rs. 62299.43 Crore.
As on July 26, 2017 the FIIs turned net seller in debt segment, but turned net buyer in equity market. Gross equity purchased stood at Rs. 5636.61 Crore and gross debt purchased stood at Rs. 336.96 Crore, while the gross equity sold stood at Rs. 5315.48 Crore and gross debt sold stood at Rs. 650.39 Crore. Therefore, the net investment of equity and debt reported were Rs. 321.13 Crore and Rs. -313.43.
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