Pre Session: Positive opening on cards for Sensex, Nifty; Bharti Airtel, HDFC Bank eyed : 24/01/2017 08:32
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are set to open higher on Tuesday, tracking firm cues from fellow Asian peers, as investors shrugged off concerns over Donald Trump’s protectionist policies and shifted focus to Union Budget 2017-18 which will be presented on February 1. Adding uncertainty over global economic environment, US President Donald Trump scrapped the Trans-Pacific Partnership trade deal on Monday. Firm trend in the SGX Nifty Index Futures for January delivery, which were trading at 8,427.50, up by 13.50 points or 0.16 per cent, at 11:02 AM Singapore time, also signaled a positive start for Sensex. The volatility will remain high in the holiday shortened week with the January expiry happening a day ahead of Republic Day holiday. Investors would also react to earnings reports of index heavyweights such as, Bharti Airtel, HDFC Bank, Biocon, IDBI Bank, TVS Motor, Indian Overseas Bank, and HCL Technologies, which will test the nerves of the traders with their financial results for the quarter ended December 31, 2016.
On Monday, the Indian equities ended on positive note helped by bargain hunting across metal and PSU stocks. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27117.34, up by 82.84 points or by 0.31 per cent, and the NSE Nifty was at 8391.5, up by 42.15 points or by 0.5 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 39812153.00, Hindalco Industries Ltd. 18223180.00, Axis Bank Ltd. 16502895.00, Idea Cellular Ltd. 16183308.00, ITC Ltd. 10690194.00.
On NSE, total number of shares traded was 86.72 Crore and total turnover stood at Rs. 17667.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 325360 with a total turnover of Rs. 21803.23 Crore. Along with this total number of contracts traded in stock futures were 1207385 with a total turnover of Rs. 78332.84 Crore. Total numbers of contracts for index options were 5780584 with a total turnover of Rs. 388484.49 Crore and total numbers of contracts for stock options were 434986 with a total turnover of Rs. 29803.71 Crore.
The FIIs on January 23, 2017 stood as net buyer in equity, but net seller in debt segment. Gross equity purchased stood at Rs. 4542.43 Crore and gross debt purchased stood at Rs. 565.76 Crore, while the gross equity sold stood at Rs. 4509.14 Crore and gross debt sold stood at Rs. 1238.71 Crore. Therefore, the net investment of equity and debt reported were Rs. 33.29 Crore and Rs. -672.95.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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On Monday, the Indian equities ended on positive note helped by bargain hunting across metal and PSU stocks. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27117.34, up by 82.84 points or by 0.31 per cent, and the NSE Nifty was at 8391.5, up by 42.15 points or by 0.5 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 39812153.00, Hindalco Industries Ltd. 18223180.00, Axis Bank Ltd. 16502895.00, Idea Cellular Ltd. 16183308.00, ITC Ltd. 10690194.00.
On NSE, total number of shares traded was 86.72 Crore and total turnover stood at Rs. 17667.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 325360 with a total turnover of Rs. 21803.23 Crore. Along with this total number of contracts traded in stock futures were 1207385 with a total turnover of Rs. 78332.84 Crore. Total numbers of contracts for index options were 5780584 with a total turnover of Rs. 388484.49 Crore and total numbers of contracts for stock options were 434986 with a total turnover of Rs. 29803.71 Crore.
The FIIs on January 23, 2017 stood as net buyer in equity, but net seller in debt segment. Gross equity purchased stood at Rs. 4542.43 Crore and gross debt purchased stood at Rs. 565.76 Crore, while the gross equity sold stood at Rs. 4509.14 Crore and gross debt sold stood at Rs. 1238.71 Crore. Therefore, the net investment of equity and debt reported were Rs. 33.29 Crore and Rs. -672.95.
