Pre Session: Flat opening on cards for Sensex, Nifty; Infosys in focus 21/08/2017

Pre Session: Flat opening on cards for Sensex, Nifty; Infosys in focus
21/08/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND  : SELL ZONE

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Indian equities are likely to open flat with positive bias on Monday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global markets as investors kept an eye on war drills scheduled for the Korean peninsula and monitored speeches from ECB and US Fed, and local data due to be released. Shares were trading mixed in Asia on Monday as investors awaited policy statements from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi which could have significant impact on the market. On Friday, Wall Street ended lower as traders weighed political turmoil after President Donald Trump’s adviser Steve Bannon exited the White House. Back home, muted trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,857.00, up by 7.5 points or 0.08 per cent, at 10:48 AM Singapore time, also signaled a flat to positive opening for local bourses. On the corporate front, Infosys will see some recovery after IT bellwether said it would purchase 11.3 crore shares back from investors at Rs 1,150 per share worth Rs 13,000 crore. Infosys tumbled nearly 10 per cent on Friday after the company’s chief executive (CEO) and managing director (MD) Vishal Sikka resigned.

On Friday, the Indian equity benchmarks ended lower, tracking bearish cues from Asian markets, as terrorist attack in Spain and concerns over the Trump administration’s ability to push through its economic agenda rattled investors sentiment. Among sectoral indices, IT and Teck stocks emerged as top laggards, falling as much as 3.53 per cent and 2.67 per cent, respectively. Infosys tumbled nearly 10 per cent after the company’s chief executive (CEO) and managing director (MD) Vishal Sikka resigned, citing a continuous stream of distractions and personal attacks. The 30-share barometer SENSEX closed at 31524.68, down by 270.78 points or by 0.85 per cent, and the NSE Nifty ended at 9837.4, down by 66.75 points or by 0.67 per cent.

Top traded Volumes on NSE Nifty were Infosys Ltd. 82202480.00, ITC Ltd. 14869905.00, Bank of Baroda 13628146.00, Vedanta Ltd. 12780922.00, State Bank of India 12653217.00.

On NSE, total number of shares traded was 121.01 Crore and total turnover stood at Rs. 28953.18 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 223813 with a total turnover of Rs. 18323.36 Crore. Along with this total number of contracts traded in stock futures were 793964 with a total turnover of Rs. 53228.13 Crore. Total numbers of contracts for index options were 4118434 with a total turnover of Rs. 344766.51 Crore and total numbers of contracts for stock options were 664166 with a total turnover of Rs. 44572.77 Crore.

As on August 18, 2017 the FIIs turned net seller in both equity and debt segment. Gross equity purchased stood at Rs. 8959.08 Crore and gross debt purchased stood at Rs. 363.69 Crore, while the gross equity sold stood at Rs. 10886.50 Crore and gross debt sold stood at Rs. 533.13 Crore. Therefore, the net investment of equity and debt reported were Rs. -1927.42 Crore and Rs. -169.40.

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