Pre Session: Gap down opening seen for Sensex on weak global cues
03/03/2017 09:57
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmarks are poised to open lower on Friday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as investors remained wary ahead of US Fed Chair Janet Yellen’s speech later in the day who may give hints of possible Fed rate hike later this month. Bearish trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,889.50, down by 31.50 points or 0.35 per cent, at 10:52 AM Singapore time, also signaled a negative opening for Sensex. However, foreign investors remained bullish on the Indian markets with the government planning to ease FDI reform policy in defence, telecom and broadcasting to give push to domestic manufacturing. In a fresh development on GST, government has decided to levy the peak goods and services tax (GST) rate at 40 per cent in the legislation instead of 28 per cent. On the corporate front, Reliance Industries, the country’s largest private sector organization, will remain in focus as the Mukesh Ambani-led promoter group to rejig shareholding in the company.
Amidst choppy trade, the Indian equity benchmarks ended lower on Thursday, paring early gains, weighed down by sharp losses in broader markets, with MidCap and SmallCap Indices falling between 1.3-1.4 per cent, as investors resorted to profit booking on looming fear over Fed rate hike. Earlier in the day, the Sensex hit 2-year high, before hefty selling in the final hour of day’s trade, as auto companies reported strong sales report in the month of February. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28839.79, down by 144.7 points or by 0.5 per cent, and the NSE Nifty ended at 8899.75, down by 46.05 points or by 0.51 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 22934124.00, Idea Cellular Ltd. 20901623.00, ICICI Bank Ltd. 18219027.00, State Bank of India 14220808.00, Tata Motors Ltd. 13667695.00.
On NSE, total number of shares traded was 132.28 Crore and total turnover stood at Rs. 24761.20 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 260884 with a total turnover of Rs. 19250.52 Crore. Along with this total number of contracts traded in stock futures were 691328 with a total turnover of Rs. 50211.85 Crore. Total numbers of contracts for index options were 8188245 with a total turnover of Rs. 659168.89 Crore and total numbers of contracts for stock options were 325174 with a total turnover of Rs. 24565.01 Crore.
As on March 02, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 5236.96 Crore and gross debt purchased stood at Rs. 513.72 Crore, while the gross equity sold stood at Rs. 5334.17 Crore and gross debt sold stood at Rs. 303.57 Crore. Therefore, the net investment of equity and debt reported were Rs. -97.21 Crore and Rs. 210.15.
03/03/2017 09:57
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmarks are poised to open lower on Friday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as investors remained wary ahead of US Fed Chair Janet Yellen’s speech later in the day who may give hints of possible Fed rate hike later this month. Bearish trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,889.50, down by 31.50 points or 0.35 per cent, at 10:52 AM Singapore time, also signaled a negative opening for Sensex. However, foreign investors remained bullish on the Indian markets with the government planning to ease FDI reform policy in defence, telecom and broadcasting to give push to domestic manufacturing. In a fresh development on GST, government has decided to levy the peak goods and services tax (GST) rate at 40 per cent in the legislation instead of 28 per cent. On the corporate front, Reliance Industries, the country’s largest private sector organization, will remain in focus as the Mukesh Ambani-led promoter group to rejig shareholding in the company.
Amidst choppy trade, the Indian equity benchmarks ended lower on Thursday, paring early gains, weighed down by sharp losses in broader markets, with MidCap and SmallCap Indices falling between 1.3-1.4 per cent, as investors resorted to profit booking on looming fear over Fed rate hike. Earlier in the day, the Sensex hit 2-year high, before hefty selling in the final hour of day’s trade, as auto companies reported strong sales report in the month of February. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28839.79, down by 144.7 points or by 0.5 per cent, and the NSE Nifty ended at 8899.75, down by 46.05 points or by 0.51 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 22934124.00, Idea Cellular Ltd. 20901623.00, ICICI Bank Ltd. 18219027.00, State Bank of India 14220808.00, Tata Motors Ltd. 13667695.00.
On NSE, total number of shares traded was 132.28 Crore and total turnover stood at Rs. 24761.20 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 260884 with a total turnover of Rs. 19250.52 Crore. Along with this total number of contracts traded in stock futures were 691328 with a total turnover of Rs. 50211.85 Crore. Total numbers of contracts for index options were 8188245 with a total turnover of Rs. 659168.89 Crore and total numbers of contracts for stock options were 325174 with a total turnover of Rs. 24565.01 Crore.
As on March 02, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 5236.96 Crore and gross debt purchased stood at Rs. 513.72 Crore, while the gross equity sold stood at Rs. 5334.17 Crore and gross debt sold stood at Rs. 303.57 Crore. Therefore, the net investment of equity and debt reported were Rs. -97.21 Crore and Rs. 210.15.
