Pre Session: Flat opening seen for Sensex, Nifty; Ambuja Cement, IDFC eyed
28/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to flat with positive bias on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. Muted trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,363.00, up by 03.00 points or 0.03 per cent, at 10:48 AM Singapore time, also signaled flat to positive opening for local bourses. Investors will keep an eye on earnings number of Ambuja Cement, CEAT, Federal Bank, IDFC, Raymond and Supreme Industries, which will be released today. Among others, DCB Bank, HDFC Bank will also remain in focus as the private sector lenders plan to raise fund. Investors will also react to earnings report of Biocon after the company’s net profit dipped 58 per cent to Rs 148.4 crore in the quarter ended on March 31, 2017, compared to Rs 354.4 crore in the year ago period.
On Thursday, the Indian equities ended tad lower in choppy trade as investors resorted to profit booking after strong rally in the last three trading session, tracking weak cues from fellow Asian peers and negative opening of European markets. The market also saw some volatility as traders rolled over positions in the futures & options (F&O) segment from the April series which expires today. Axis Bank fell over 2 per after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. The 30-share barometer SENSEX closed at 30029.74, down by 103.61 points or by 0.34 per cent, and the NSE Nifty was at 9342.15, down by 9.7 points or by 0.1 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 22622372.00, Axis Bank Ltd. 22108735.00, ICICI Bank Ltd. 13554199.00, ITC Ltd. 13553616.00, Tata Motors Ltd. 10589249.00. On NSE, total number of shares traded was 136.27 Crore and total turnover stood at Rs. 31047.74 Crore. On NSE Future and Options, total number of contracts traded in index futures was 459696 with a total turnover of Rs. 34707.96 Crore. Along with this total number of contracts traded in stock futures were 1857386 with a total turnover of Rs. 137998.80 Crore. Total numbers of contracts for index options were 9623965 with a total turnover of Rs. 761783.40 Crore and total numbers of contracts for stock options were 762705 with a total turnover of Rs. 62304.39 Crore.
As on April 27, 2017, the FIIs emerged as net seller in both equity and debt segments. Gross equity purchased stood at Rs. 5441.78 Crore and gross debt purchased stood at Rs. 661.30 Crore, while the gross equity sold stood at Rs. 5506.07 Crore and gross debt sold stood at Rs. 845.86 Crore. Therefore, the net investment of equity and debt reported were Rs. -64.29 Crore and Rs. -184.56.
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