Pre Session: Sensex, Nifty seen opening flat on mixed cues; global events eyed
08/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat to lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets, as investors awaited key economic event with global implications due later today. In the overnight trade, Wall Street ended higher helped by gain in bank and technology stocks ahead of testimony from the former FBI chief James Comey. The investors will keep an eye on the European Central Bank monetary policy review and election in UK due today. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,684.50, down by 11.50 points or 0.12 per cent, at 10:52 AM Singapore time, also signaled a negative opening for local bourses. The traders will also react to RBI policy review as the central bank on Wednesday left lending rates unchanged citing inflationary risk due to spurt in farm loan waivers by states. On the corporate front, Anil Ambani-led Reliance Communication will remain in focus after the company rejected the latest ratings downgrades by Moody’s and Fitch.
On Wednesday, the Indian equities ended higher with modest gain as investor cheered Reserve Bank policy decision to keep repo rate unchanged at 6.25 per cent, as was widely expected, tracking firm cues from Asian peers. RBI Governor Urjit Patel kept repo rate unchanged at 6.25 per cent but cut statutory liquidity ratio by 50 basis points to 20 per cent, which propelled Nifty Bank to a record high. Oriental Bank of Commerce, PNB, Bank of Baroda, Bank of India, Union Bank, Canara Bank and SBI rallied 1-3 per cent. The 30-share barometer SENSEX closed at 31271.28, up by 80.72 points or by 0.26 per cent, and the NSE Nifty ended at 9663.9, up by 26.75 points or by 0.28 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 13705491.00, Vedanta Ltd. 11755259.00, ITC Ltd. 11534375.00, State Bank of India 10864355.00, NTPC Ltd. 8914640.00.
On NSE, total number of shares traded was 101.19 Crore and total turnover stood at Rs. 23043.67 Crore. On NSE Future and Options, total number of contracts traded in index futures was 147050 with a total turnover of Rs. 11989.29 Crore. Along with this total number of contracts traded in stock futures were 585743 with a total turnover of Rs. 41598.49 Crore. Total numbers of contracts for index options were 4117108 with a total turnover of Rs. 361695.06 Crore and total numbers of contracts for stock options were 363236 with a total turnover of Rs. 26386.95 Crore.
As on June 07, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4094.77 Crore and gross debt purchased stood at Rs. 1649.11 Crore, while the gross equity sold stood at Rs. 7228.40 Crore and gross debt sold stood at Rs. 861.37 Crore. Therefore, the net investment of equity and debt reported were Rs. -3133.63 Crore and Rs. 787.74.
08/06/2017
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 to lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets, as investors awaited key economic event with global implications due later today. In the overnight trade, Wall Street ended higher helped by gain in bank and technology stocks ahead of testimony from the former FBI chief James Comey. The investors will keep an eye on the European Central Bank monetary policy review and election in UK due today. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,684.50, down by 11.50 points or 0.12 per cent, at 10:52 AM Singapore time, also signaled a negative opening for local bourses. The traders will also react to RBI policy review as the central bank on Wednesday left lending rates unchanged citing inflationary risk due to spurt in farm loan waivers by states. On the corporate front, Anil Ambani-led Reliance Communication will remain in focus after the company rejected the latest ratings downgrades by Moody’s and Fitch.
On Wednesday, the Indian equities ended higher with modest gain as investor cheered Reserve Bank policy decision to keep repo rate unchanged at 6.25 per cent, as was widely expected, tracking firm cues from Asian peers. RBI Governor Urjit Patel kept repo rate unchanged at 6.25 per cent but cut statutory liquidity ratio by 50 basis points to 20 per cent, which propelled Nifty Bank to a record high. Oriental Bank of Commerce, PNB, Bank of Baroda, Bank of India, Union Bank, Canara Bank and SBI rallied 1-3 per cent. The 30-share barometer SENSEX closed at 31271.28, up by 80.72 points or by 0.26 per cent, and the NSE Nifty ended at 9663.9, up by 26.75 points or by 0.28 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 13705491.00, Vedanta Ltd. 11755259.00, ITC Ltd. 11534375.00, State Bank of India 10864355.00, NTPC Ltd. 8914640.00.
On NSE, total number of shares traded was 101.19 Crore and total turnover stood at Rs. 23043.67 Crore. On NSE Future and Options, total number of contracts traded in index futures was 147050 with a total turnover of Rs. 11989.29 Crore. Along with this total number of contracts traded in stock futures were 585743 with a total turnover of Rs. 41598.49 Crore. Total numbers of contracts for index options were 4117108 with a total turnover of Rs. 361695.06 Crore and total numbers of contracts for stock options were 363236 with a total turnover of Rs. 26386.95 Crore.
As on June 07, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4094.77 Crore and gross debt purchased stood at Rs. 1649.11 Crore, while the gross equity sold stood at Rs. 7228.40 Crore and gross debt sold stood at Rs. 861.37 Crore. Therefore, the net investment of equity and debt reported were Rs. -3133.63 Crore and Rs. 787.74.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
