Pre Session: Gap down opening seen for Sensex, Nifty; ONGC, Tech Mahindra Q4 eyed
26/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open lower on the first trading day of the June futures and options contracts, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended higher as investors remained buoyed by the Federal Reserve’s comment to trim its balance sheet in gradual pace. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,482.50, down by 13.50 points or 0.14 per cent, at 10:44 AM Singapore time, also signaled a negative opening for local bourses. However, reports of increase in pre-monsoon showers across the India gives a glimpse of the arrival of monsoon 2017 sooner-than-later, likely to boost market sentiment. On the corporate front, investors will react to earnings report of Cipla after the drug maker reported a consolidated net loss of Rs 61.79 crore for the quarter ended March 31, 2017, compared to net loss of Rs 92.83 crore in the same quarter last year. On the earnings front, Alkem Laboratories, Birla Corporation, Cantabil Retail, Divi’s Laboratories, DLF, Hindustan Petroleum, ITC, ONGC and Tech Mahindra, will remain in focus as they will unveil March quarter results today.
On Thursday, the Indian equities ended on robust note in a broad-based rally, tracking firm cues from Asian peers, as investors were buoyed by the US Federal Reserve minutes which indicated a gradual pace in rate hikes due to weakness in economic activity. The market rally was also fueled by short-covering amid expiry of May futures and options contracts today. The broader markets, MidCap and SmalCap, after seeing correction in last few sessions, gained 1.35 per cent and 2.01 per cent. Among the individual stocks, Lupin plunged 7.3 per cent after the company reported a sharp fall of 49.2 per cent in its consolidated net profit after taxes (PAT) at Rs 380.21 crore for the January-March quarter of FY17, hurt by decline in US sales and one-time provisioning for patent litigation. The 30-share barometer SENSEX closed at a new high of 30750.03, up by 448.39 points or by 1.48 per cent, and the NSE Nifty gained 149.2 points, or 1.59 per cent, to settle at 9509.75.
Top traded Volumes on NSE Nifty were Vedanta Ltd. 40149870.00, ICICI Bank Ltd. 37977888.00, ITC Ltd. 22769975.00, Tata Motors Ltd. 15108872.00, State Bank of India 15018467.00. On NSE, total number of shares traded was 175.85 Crore and total turnover stood at Rs. 35128.07 Crore. On NSE Future and Options, total number of contracts traded in index futures was 604418 with a total turnover of Rs. 47412.23 Crore. Along with this total number of contracts traded in stock futures were 2143889 with a total turnover of Rs. 143234.30 Crore. Total numbers of contracts for index options were 12558724 with a total turnover of Rs. 1018815.19 Crore and total numbers of contracts for stock options were 722546 with a total turnover of Rs. 51652.25 Crore.
As on May 24, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5950.18 Crore and gross debt purchased stood at Rs. 1700.79 Crore, while the gross equity sold stood at Rs. 5591.42 Crore and gross debt sold stood at Rs. 1687.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 358.76 Crore and Rs. 13.29.
26/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open lower on the first trading day of the June futures and options contracts, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended higher as investors remained buoyed by the Federal Reserve’s comment to trim its balance sheet in gradual pace. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,482.50, down by 13.50 points or 0.14 per cent, at 10:44 AM Singapore time, also signaled a negative opening for local bourses. However, reports of increase in pre-monsoon showers across the India gives a glimpse of the arrival of monsoon 2017 sooner-than-later, likely to boost market sentiment. On the corporate front, investors will react to earnings report of Cipla after the drug maker reported a consolidated net loss of Rs 61.79 crore for the quarter ended March 31, 2017, compared to net loss of Rs 92.83 crore in the same quarter last year. On the earnings front, Alkem Laboratories, Birla Corporation, Cantabil Retail, Divi’s Laboratories, DLF, Hindustan Petroleum, ITC, ONGC and Tech Mahindra, will remain in focus as they will unveil March quarter results today.
On Thursday, the Indian equities ended on robust note in a broad-based rally, tracking firm cues from Asian peers, as investors were buoyed by the US Federal Reserve minutes which indicated a gradual pace in rate hikes due to weakness in economic activity. The market rally was also fueled by short-covering amid expiry of May futures and options contracts today. The broader markets, MidCap and SmalCap, after seeing correction in last few sessions, gained 1.35 per cent and 2.01 per cent. Among the individual stocks, Lupin plunged 7.3 per cent after the company reported a sharp fall of 49.2 per cent in its consolidated net profit after taxes (PAT) at Rs 380.21 crore for the January-March quarter of FY17, hurt by decline in US sales and one-time provisioning for patent litigation. The 30-share barometer SENSEX closed at a new high of 30750.03, up by 448.39 points or by 1.48 per cent, and the NSE Nifty gained 149.2 points, or 1.59 per cent, to settle at 9509.75.
Top traded Volumes on NSE Nifty were Vedanta Ltd. 40149870.00, ICICI Bank Ltd. 37977888.00, ITC Ltd. 22769975.00, Tata Motors Ltd. 15108872.00, State Bank of India 15018467.00. On NSE, total number of shares traded was 175.85 Crore and total turnover stood at Rs. 35128.07 Crore. On NSE Future and Options, total number of contracts traded in index futures was 604418 with a total turnover of Rs. 47412.23 Crore. Along with this total number of contracts traded in stock futures were 2143889 with a total turnover of Rs. 143234.30 Crore. Total numbers of contracts for index options were 12558724 with a total turnover of Rs. 1018815.19 Crore and total numbers of contracts for stock options were 722546 with a total turnover of Rs. 51652.25 Crore.
As on May 24, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5950.18 Crore and gross debt purchased stood at Rs. 1700.79 Crore, while the gross equity sold stood at Rs. 5591.42 Crore and gross debt sold stood at Rs. 1687.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 358.76 Crore and Rs. 13.29.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
