Pre Session: Flat opening on cards for Sensex, Nifty; June F&O in focus
29/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with positive bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets. Asian stocks were trading higher as investors digested comments from Europe's and Britain's central banks. In the overnight trade, Wall Street ended higher as the interest rate-sensitive financial stocks rose after the Federal Reserve approved the capital return plans of all 34 banks. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,505.50, up by 3 points or 0.3 per cent, at 10:40 AM Singapore time, also signaled a flat opening for local bourses. The market is likely to see volatility ahead of June F&O expiry due today and GST rollout lined up for July 01. On the economy front, capital market regulator Sebi proposed to ease entry norms for foreign portfolio investors willing to invest directly in Indian stock markets. The Union Cabinet on Wednesday approved recommendations of Seventh Central Pay Commission to increased staff allowances with effect from July 1, 2017, which would help to flush in more liquidity in the market. On the corporate front, Mindtree will remain in focus after its board approved the proposal to buyback the fully paid-up equity shares of the company worth Rs 270 crore. Among others, the initial public offer of AU Small Finance Bank was subscribed 18 per cent on the first day of the three-day bidding, reported PTI. The Indian benchmarks extended losing streak for the third straight session on Wednesday, tracking bearish cues from Asian market, as traders looked to cutting down of positions ahead of June derivatives contract expiry due tomorrow. Investors also remained wary ahead of the launch of the long pending new tax regime GST on July 01. Bucking the trend, the broader markets ended tad higher, with BSE MIDCAP and SMLCAP indices gaining as much as 0.23 per cent and 0.13 per cent respectively. The 30-share barometer SENSEX closed at 30834.32, down by 123.93 points or by 0.4 per cent, and the NSE Nifty ended at 9491.25, down by 20.15 points or by 0.21 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 17241351.00, ICICI Bank Ltd. 17157094.00, Axis Bank Ltd. 12691859.00, Vedanta Ltd. 8886418.00, Hindalco Industries Ltd. 8184171.00.
On NSE, total number of shares traded was 128.38 Crore and total turnover stood at Rs. 21803.49 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 336461 with a total turnover of Rs. 26464.93 Crore. Along with this total number of contracts traded in stock futures were 1681034 with a total turnover of Rs. 114062.27 Crore. Total numbers of contracts for index options were 7500085 with a total turnover of Rs. 606452.76 Crore and total numbers of contracts for stock options were 496580 with a total turnover of Rs. 36871.76 Crore.
As on June 28, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 7896.55 Crore and gross debt purchased stood at Rs. 994.89 Crore, while the gross equity sold stood at Rs. 6954.86 Crore and gross debt sold stood at Rs. 249.31 Crore. Therefore, the net investment of equity and debt reported were Rs. 941.69 Crore and Rs. 745.58.
29/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat with positive bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets. Asian stocks were trading higher as investors digested comments from Europe's and Britain's central banks. In the overnight trade, Wall Street ended higher as the interest rate-sensitive financial stocks rose after the Federal Reserve approved the capital return plans of all 34 banks. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,505.50, up by 3 points or 0.3 per cent, at 10:40 AM Singapore time, also signaled a flat opening for local bourses. The market is likely to see volatility ahead of June F&O expiry due today and GST rollout lined up for July 01. On the economy front, capital market regulator Sebi proposed to ease entry norms for foreign portfolio investors willing to invest directly in Indian stock markets. The Union Cabinet on Wednesday approved recommendations of Seventh Central Pay Commission to increased staff allowances with effect from July 1, 2017, which would help to flush in more liquidity in the market. On the corporate front, Mindtree will remain in focus after its board approved the proposal to buyback the fully paid-up equity shares of the company worth Rs 270 crore. Among others, the initial public offer of AU Small Finance Bank was subscribed 18 per cent on the first day of the three-day bidding, reported PTI. The Indian benchmarks extended losing streak for the third straight session on Wednesday, tracking bearish cues from Asian market, as traders looked to cutting down of positions ahead of June derivatives contract expiry due tomorrow. Investors also remained wary ahead of the launch of the long pending new tax regime GST on July 01. Bucking the trend, the broader markets ended tad higher, with BSE MIDCAP and SMLCAP indices gaining as much as 0.23 per cent and 0.13 per cent respectively. The 30-share barometer SENSEX closed at 30834.32, down by 123.93 points or by 0.4 per cent, and the NSE Nifty ended at 9491.25, down by 20.15 points or by 0.21 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 17241351.00, ICICI Bank Ltd. 17157094.00, Axis Bank Ltd. 12691859.00, Vedanta Ltd. 8886418.00, Hindalco Industries Ltd. 8184171.00.
On NSE, total number of shares traded was 128.38 Crore and total turnover stood at Rs. 21803.49 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 336461 with a total turnover of Rs. 26464.93 Crore. Along with this total number of contracts traded in stock futures were 1681034 with a total turnover of Rs. 114062.27 Crore. Total numbers of contracts for index options were 7500085 with a total turnover of Rs. 606452.76 Crore and total numbers of contracts for stock options were 496580 with a total turnover of Rs. 36871.76 Crore.
As on June 28, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 7896.55 Crore and gross debt purchased stood at Rs. 994.89 Crore, while the gross equity sold stood at Rs. 6954.86 Crore and gross debt sold stood at Rs. 249.31 Crore. Therefore, the net investment of equity and debt reported were Rs. 941.69 Crore and Rs. 745.58.
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