Pre Session: Bull-run likely to dominant at D-Street; HCL Tech earnings eyed
11/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
On Wednesday, the Indian equities ended on robust note, with key benchmarks Sensex and Nifty hitting fresh record high, led by rally across FMCG and auto index, as investors were buoyed by forecast of a normal monsoon this year. FMCG companies such as Hindustan Unilever Ltd and Britannia Industries hit 52-week on IMD forecast as good monsoon brightened outlook for the sector. Bharti Airtel surged nearly 8 per cent despite weak Q4 earnings after the company said that its subscriber base and Africa business grew during the March quarter. The 30-share barometer SENSEX closed at 30248.17, up by 314.92 points or by 1.05 per cent, and the NSE Nifty ended at 9407.3, up by 90.45 points or by 0.97 per cent. Top traded Volumes on NSE Nifty were Bharti Airtel Ltd. 24411321.00, ICICI Bank Ltd. 13686210.00, Hindalco Industries Ltd. 9459887.00, Axis Bank Ltd. 8812464.00, State Bank of India 8699405.00.
On NSE, total number of shares traded was 120.16 Crore and total turnover stood at Rs. 24298.29 Crore. On NSE Future and Options, total number of contracts traded in index futures was 172101 with a total turnover of Rs. 13253.55 Crore. Along with this total number of contracts traded in stock futures were 664792 with a total turnover of Rs. 48128.87 Crore. Total numbers of contracts for index options were 4384465 with a total turnover of Rs. 361471.57 Crore and total numbers of contracts for stock options were 438124 with a total turnover of Rs. 31963.69 Crore.
As on May 10, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 3364.40 Crore and gross debt purchased stood at Rs. 1203.77 Crore, while the gross equity sold stood at Rs. 3945.75 Crore and gross debt sold stood at Rs. 163.73 Crore. Therefore, the net investment of equity and debt reported were Rs. -581.35 Crore and Rs. 1040.04.
11/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to continue buying momentum on Thursday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets after Wall Street ended mixed in overnight trade as rally in Brent crude oil prices propelled energy stocks, while investors digested weak corporate earnings and President Donald Trump's dismissal of his FBI Director James Comey. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,451.00, up by 32.5 points or 0.34 per cent, at 10:42 AM Singapore time, also signaled a positive opening for local bourses. Investors will react to earnings report of Hero MotoCorp after the country's biggest two wheeler maker reported a 14 per cent decline in profit at Rs 717.75 crore for the fourth quarter ended March 31, 2017 against Rs 833.29 crore in FY16. On the corporate front, HCL Technologies, Asian Paints, Arvind, Force Motors, Glenmark Pharma and ICRA will remain in focus as they will unveil March quarter earnings report today. Shares of Union Bank of India may also remain in focus as state-run lender plans to raise a total of Rs 6,350 crore by selling bonds and shares in FY18.
On Wednesday, the Indian equities ended on robust note, with key benchmarks Sensex and Nifty hitting fresh record high, led by rally across FMCG and auto index, as investors were buoyed by forecast of a normal monsoon this year. FMCG companies such as Hindustan Unilever Ltd and Britannia Industries hit 52-week on IMD forecast as good monsoon brightened outlook for the sector. Bharti Airtel surged nearly 8 per cent despite weak Q4 earnings after the company said that its subscriber base and Africa business grew during the March quarter. The 30-share barometer SENSEX closed at 30248.17, up by 314.92 points or by 1.05 per cent, and the NSE Nifty ended at 9407.3, up by 90.45 points or by 0.97 per cent. Top traded Volumes on NSE Nifty were Bharti Airtel Ltd. 24411321.00, ICICI Bank Ltd. 13686210.00, Hindalco Industries Ltd. 9459887.00, Axis Bank Ltd. 8812464.00, State Bank of India 8699405.00.
On NSE, total number of shares traded was 120.16 Crore and total turnover stood at Rs. 24298.29 Crore. On NSE Future and Options, total number of contracts traded in index futures was 172101 with a total turnover of Rs. 13253.55 Crore. Along with this total number of contracts traded in stock futures were 664792 with a total turnover of Rs. 48128.87 Crore. Total numbers of contracts for index options were 4384465 with a total turnover of Rs. 361471.57 Crore and total numbers of contracts for stock options were 438124 with a total turnover of Rs. 31963.69 Crore.
As on May 10, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 3364.40 Crore and gross debt purchased stood at Rs. 1203.77 Crore, while the gross equity sold stood at Rs. 3945.75 Crore and gross debt sold stood at Rs. 163.73 Crore. Therefore, the net investment of equity and debt reported were Rs. -581.35 Crore and Rs. 1040.04.
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