Pre Session: Bull-run likely to continue at D-Street; Tata Motors Q4 eyed
23/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets after Wall Street ended in green in overnight trade. However, reports of a suspected terrorist attack at Manchester that took 19 lives during a pop concert by US star Ariana Grande may keep investors jittery in markets. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading 9,471.50, up by 22.50 points or 0.24 per cent, at 10:46 AM Singapore time, also signaled a higher opening for local bourses. The market may see some customary volatility amid expiry of May futures and options contracts due tomorrow. Investor sentiments remained upbeat as the Indian economy is expected to witness improvement in the overall conditions, owing to GST roll-out as the government has finalized tax structure for services under the new tax regime, which won’t put extra burden on the common man’s pocket. Adding to it, sustained buying by foreign institutional investors, who have pumped in more than USD 2 billion in India so far this month, on hopes that the Narendra Modi-led NDA government would accelerate the pace of reforms after victory in recently concluded state assembly elections. On the corporate front, PSU bank stocks, which ended bleeding in red on Monday amid NPA worries, may see some recovery after the Reserve Bank announced measures to tackle the bad loan problem. On the earnings front, Tata Motors, Jindal Steel and Power, Jubilant Life Sciences, Subrol and Sahara One Media & Entertainment, will remain in focus as they will unveil March quarter results today.
On Monday, The Indian benchmark indices ended higher boosted by gains in FMCG heavyweights such as ITC and Hindustan Unilever which rose for the second straight day on GST boost. Sentiments remained upbeat during the day as the Indian economy is expected to witness improvement in the overall conditions, owing to GST roll-out as the government has finalized tax structure for services under the new tax regime, which won’t put extra burden on the common man’s pocket. The 30-share barometer SENSEX closed at 30570.97, up by 106.05 points or by 0.35 per cent, and the NSE Nifty ended at 9438.25, up by 10.35 points or by 0.11 per cent. Top traded Volumes on NSE Nifty were ITC Ltd. 35939315.00, State Bank of India 35771221.00, ICICI Bank Ltd. 13500652.00, Bank of Baroda 10849346.00, Hindalco Industries Ltd. 9699691.00. On NSE, total number of shares traded was 120.09 Crore and total turnover stood at Rs. 22605.50 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 238366 with a total turnover of Rs. 18404.65 Crore. Along with this total number of contracts traded in stock futures were 1121840 with a total turnover of Rs. 78211.64 Crore. Total numbers of contracts for index options were 4240844 with a total turnover of Rs. 331399.63 Crore and total numbers of contracts for stock options were 610485 with a total turnover of Rs. 46763.10 Crore. As on May 22, 2017, the FIIs emerged as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 8772.35 Crore and gross debt purchased stood at Rs. 1148.66 Crore, while the gross equity sold stood at Rs. 5599.70 Crore and gross debt sold stood at Rs. 469.77 Crore. Therefore, the net investment of equity and debt reported were Rs. 3172.65 Crore and Rs. 678.89.
23/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets after Wall Street ended in green in overnight trade. However, reports of a suspected terrorist attack at Manchester that took 19 lives during a pop concert by US star Ariana Grande may keep investors jittery in markets. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading 9,471.50, up by 22.50 points or 0.24 per cent, at 10:46 AM Singapore time, also signaled a higher opening for local bourses. The market may see some customary volatility amid expiry of May futures and options contracts due tomorrow. Investor sentiments remained upbeat as the Indian economy is expected to witness improvement in the overall conditions, owing to GST roll-out as the government has finalized tax structure for services under the new tax regime, which won’t put extra burden on the common man’s pocket. Adding to it, sustained buying by foreign institutional investors, who have pumped in more than USD 2 billion in India so far this month, on hopes that the Narendra Modi-led NDA government would accelerate the pace of reforms after victory in recently concluded state assembly elections. On the corporate front, PSU bank stocks, which ended bleeding in red on Monday amid NPA worries, may see some recovery after the Reserve Bank announced measures to tackle the bad loan problem. On the earnings front, Tata Motors, Jindal Steel and Power, Jubilant Life Sciences, Subrol and Sahara One Media & Entertainment, will remain in focus as they will unveil March quarter results today.
On Monday, The Indian benchmark indices ended higher boosted by gains in FMCG heavyweights such as ITC and Hindustan Unilever which rose for the second straight day on GST boost. Sentiments remained upbeat during the day as the Indian economy is expected to witness improvement in the overall conditions, owing to GST roll-out as the government has finalized tax structure for services under the new tax regime, which won’t put extra burden on the common man’s pocket. The 30-share barometer SENSEX closed at 30570.97, up by 106.05 points or by 0.35 per cent, and the NSE Nifty ended at 9438.25, up by 10.35 points or by 0.11 per cent. Top traded Volumes on NSE Nifty were ITC Ltd. 35939315.00, State Bank of India 35771221.00, ICICI Bank Ltd. 13500652.00, Bank of Baroda 10849346.00, Hindalco Industries Ltd. 9699691.00. On NSE, total number of shares traded was 120.09 Crore and total turnover stood at Rs. 22605.50 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 238366 with a total turnover of Rs. 18404.65 Crore. Along with this total number of contracts traded in stock futures were 1121840 with a total turnover of Rs. 78211.64 Crore. Total numbers of contracts for index options were 4240844 with a total turnover of Rs. 331399.63 Crore and total numbers of contracts for stock options were 610485 with a total turnover of Rs. 46763.10 Crore. As on May 22, 2017, the FIIs emerged as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 8772.35 Crore and gross debt purchased stood at Rs. 1148.66 Crore, while the gross equity sold stood at Rs. 5599.70 Crore and gross debt sold stood at Rs. 469.77 Crore. Therefore, the net investment of equity and debt reported were Rs. 3172.65 Crore and Rs. 678.89.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
