Pre Session: Positive momentum likely to continue on Dalal Street 02/03/2017 08:37
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are likely to extend rally on Thursday, tracking firm cues from fellow Asian peers after Wall Street ended higher in overnight trade on rate cut hopes, as foreign investors remained focused on exposure to Indian markets. Firm trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,005.00, up by 29.50 points or 0.33 per cent, at 10:54 AM Singapore time, also signaled a positive opening for Sensex. The investors would react to the PMI data which showed that Indian factory activity gathered pace in February as a rebound in export demand contributed to a stronger expansion of total new orders. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- increased to 50.7 in February, up from 50.4 in January, as output and order books rose at accelerated rates, showed the data released on Wednesday. On the corporate front, DLF will remain in focus as the realty major has decided to sell 40 per cent stake in the company’s rental arm DCCDL in a deal worth Rs 12,500 crore-Rs 13,000 crore to Singapore-based private equity firm GIC. Among others, private sector banks, HDFC Bank, ICICI Bank and Axis Bank, will also remain in focus as they begin charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
On Wednesday, the Indian equity benchmarks rose sharply as investors gave thumbs-up to better-than-expected third-quarter GDP numbers which indicated that India's economy picks up after demonetization. Outperforming the benchmarks, real estate stocks surged 3.5 per cent, thanks to declining impact of demonetization and budget boost to affordable housing. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28984.49, up by 241.17 points or by 0.84 per cent, and the NSE Nifty ended at 8945.8, up by 66.2 points or by 0.75 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 19044703.00, ICICI Bank Ltd. 18166511.00, Idea Cellular Ltd. 16706287.00, ITC Ltd. 14578413.00, Oil And Natural Gas Corporation Ltd. 11243767.00.
On NSE, total number of shares traded was 134.97 Crore and total turnover stood at Rs. 22741.93 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 179794 with a total turnover of Rs. 13067.27 Crore. Along with this total number of contracts traded in stock futures were 575754 with a total turnover of Rs. 42036.14 Crore. Total numbers of contracts for index options were 3568607 with a total turnover of Rs. 280121.52 Crore and total numbers of contracts for stock options were 263768 with a total turnover of Rs. 20000.75 Crore.
As on March 01, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 9316.63 Crore and gross debt purchased stood at Rs. 1032.85 Crore, while the gross equity sold stood at Rs. 8282.56 Crore and gross debt sold stood at Rs. 829.21 Crore. Therefore, the net investment of equity and debt reported were Rs. 1034.07 Crore and Rs. 203.64.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are likely to extend rally on Thursday, tracking firm cues from fellow Asian peers after Wall Street ended higher in overnight trade on rate cut hopes, as foreign investors remained focused on exposure to Indian markets. Firm trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,005.00, up by 29.50 points or 0.33 per cent, at 10:54 AM Singapore time, also signaled a positive opening for Sensex. The investors would react to the PMI data which showed that Indian factory activity gathered pace in February as a rebound in export demand contributed to a stronger expansion of total new orders. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- increased to 50.7 in February, up from 50.4 in January, as output and order books rose at accelerated rates, showed the data released on Wednesday. On the corporate front, DLF will remain in focus as the realty major has decided to sell 40 per cent stake in the company’s rental arm DCCDL in a deal worth Rs 12,500 crore-Rs 13,000 crore to Singapore-based private equity firm GIC. Among others, private sector banks, HDFC Bank, ICICI Bank and Axis Bank, will also remain in focus as they begin charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
On Wednesday, the Indian equity benchmarks rose sharply as investors gave thumbs-up to better-than-expected third-quarter GDP numbers which indicated that India's economy picks up after demonetization. Outperforming the benchmarks, real estate stocks surged 3.5 per cent, thanks to declining impact of demonetization and budget boost to affordable housing. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28984.49, up by 241.17 points or by 0.84 per cent, and the NSE Nifty ended at 8945.8, up by 66.2 points or by 0.75 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 19044703.00, ICICI Bank Ltd. 18166511.00, Idea Cellular Ltd. 16706287.00, ITC Ltd. 14578413.00, Oil And Natural Gas Corporation Ltd. 11243767.00.
On NSE, total number of shares traded was 134.97 Crore and total turnover stood at Rs. 22741.93 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 179794 with a total turnover of Rs. 13067.27 Crore. Along with this total number of contracts traded in stock futures were 575754 with a total turnover of Rs. 42036.14 Crore. Total numbers of contracts for index options were 3568607 with a total turnover of Rs. 280121.52 Crore and total numbers of contracts for stock options were 263768 with a total turnover of Rs. 20000.75 Crore.
As on March 01, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 9316.63 Crore and gross debt purchased stood at Rs. 1032.85 Crore, while the gross equity sold stood at Rs. 8282.56 Crore and gross debt sold stood at Rs. 829.21 Crore. Therefore, the net investment of equity and debt reported were Rs. 1034.07 Crore and Rs. 203.64.
