Pre Session: Flat opening on cards for Sensex, Nifty; May F&O eyed
24/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with positive bias on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended higher for the fourth straight session after the White House released its 2018 budget, proposing a hike in infrastructure and military spending. However, reports of mounting tensions on the India-Pakistan border coupled with Chinese debt rating downgrade by Moody’s may keep investors jittery in markets. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading 9,411.50, up by 18.50 points or 0.20 per cent, at 10:50 AM Singapore time, also signaled a flat to positive opening for local bourses. The market may see customary volatility amid expiry of May futures and options contracts due today.
Meanwhile, sustained buying by foreign institutional investors, who have pumped in more than USD 2 billion in India so far this month, on hope that the Narendra Modi-led NDA government would accelerate the pace of reforms after victory in recently concluded state assembly elections, may boost market sentiment. Investors will react to earnings report of Tata Motor after auto major reported a 16.8 per cent decline in consolidated net profit at Rs 4,336 crore for the fourth quarter (Q4) of the financial year 2016-17, compared to Rs 5,211 crore in the year ago period, albeit higher than analyst expectations. In a separate development, the company has reduced its managerial workforce by up to 1,500 people domestically as part of an organisational restructuring exercise. On the earnings front, Adani Ports, Adani Enterprises, Bayer Crop, Bharat Forge, Dish TV, Gujarat Gas, Indian Bank, Lupin, Religare Enterprises and Shalimar Paints, will remain in focus as they will unveil March quarter results today.
On Tuesday, the Indian equities ended bleeding in red, weighed down by sharp decline in realty and pharmaceutical stocks, as investors resorted to profit booking after strong rally in the last few trading sessions. Reports of a suspected terrorist attack at Manchester that took 22 lives during a pop concert by US star Ariana Grande also kept investors jittery in markets. The broader markets witnessed hefty selling with MidCap and SmlCap indices falling between 1.5-1.9 per cent. The 30-share barometer SENSEX closed at 30365.25, down by 205.72 points or by 0.67 per cent, and the NSE Nifty ended at 9386.15, down by 52.1 points or by 0.55 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 27064561.00, State Bank of India 19846852.00, ITC Ltd. 19784738.00, Hindalco Industries Ltd. 13372515.00, Sun Pharmaceutical Industries Ltd. 11623535.00.
On NSE, total number of shares traded was 142.15 Crore and total turnover stood at Rs. 28065.85 Crore. On NSE Future and Options, total number of contracts traded in index futures was 405025 with a total turnover of Rs. 30999.86 Crore. Along with this total number of contracts traded in stock futures were 1659153 with a total turnover of Rs. 112229.17 Crore. Total numbers of contracts for index options were 7724327 with a total turnover of Rs. 598830.84 Crore and total numbers of contracts for stock options were 718829 with a total turnover of Rs. 54650.65 Crore. As on May 23, 2017, the FIIs continued to remain net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5360.40 Crore and gross debt purchased stood at Rs. 807.56 Crore, while the gross equity sold stood at Rs. 4465.52 Crore and gross debt sold stood at Rs. 114.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 894.88 Crore and Rs. 693.02.
24/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Indian equities are likely to open flat with positive bias on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended higher for the fourth straight session after the White House released its 2018 budget, proposing a hike in infrastructure and military spending. However, reports of mounting tensions on the India-Pakistan border coupled with Chinese debt rating downgrade by Moody’s may keep investors jittery in markets. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading 9,411.50, up by 18.50 points or 0.20 per cent, at 10:50 AM Singapore time, also signaled a flat to positive opening for local bourses. The market may see customary volatility amid expiry of May futures and options contracts due today.
Meanwhile, sustained buying by foreign institutional investors, who have pumped in more than USD 2 billion in India so far this month, on hope that the Narendra Modi-led NDA government would accelerate the pace of reforms after victory in recently concluded state assembly elections, may boost market sentiment. Investors will react to earnings report of Tata Motor after auto major reported a 16.8 per cent decline in consolidated net profit at Rs 4,336 crore for the fourth quarter (Q4) of the financial year 2016-17, compared to Rs 5,211 crore in the year ago period, albeit higher than analyst expectations. In a separate development, the company has reduced its managerial workforce by up to 1,500 people domestically as part of an organisational restructuring exercise. On the earnings front, Adani Ports, Adani Enterprises, Bayer Crop, Bharat Forge, Dish TV, Gujarat Gas, Indian Bank, Lupin, Religare Enterprises and Shalimar Paints, will remain in focus as they will unveil March quarter results today.
On Tuesday, the Indian equities ended bleeding in red, weighed down by sharp decline in realty and pharmaceutical stocks, as investors resorted to profit booking after strong rally in the last few trading sessions. Reports of a suspected terrorist attack at Manchester that took 22 lives during a pop concert by US star Ariana Grande also kept investors jittery in markets. The broader markets witnessed hefty selling with MidCap and SmlCap indices falling between 1.5-1.9 per cent. The 30-share barometer SENSEX closed at 30365.25, down by 205.72 points or by 0.67 per cent, and the NSE Nifty ended at 9386.15, down by 52.1 points or by 0.55 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 27064561.00, State Bank of India 19846852.00, ITC Ltd. 19784738.00, Hindalco Industries Ltd. 13372515.00, Sun Pharmaceutical Industries Ltd. 11623535.00.
On NSE, total number of shares traded was 142.15 Crore and total turnover stood at Rs. 28065.85 Crore. On NSE Future and Options, total number of contracts traded in index futures was 405025 with a total turnover of Rs. 30999.86 Crore. Along with this total number of contracts traded in stock futures were 1659153 with a total turnover of Rs. 112229.17 Crore. Total numbers of contracts for index options were 7724327 with a total turnover of Rs. 598830.84 Crore and total numbers of contracts for stock options were 718829 with a total turnover of Rs. 54650.65 Crore. As on May 23, 2017, the FIIs continued to remain net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5360.40 Crore and gross debt purchased stood at Rs. 807.56 Crore, while the gross equity sold stood at Rs. 4465.52 Crore and gross debt sold stood at Rs. 114.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 894.88 Crore and Rs. 693.02.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
