Pre Session: Gap up opening seen for Sensex, Nifty; auto stocks in focus
01/08/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to continue bullish momentum on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks were trading higher as investors cheered strong corporate earnings and also better-than-expected China Caixin manufacturing PMI released earlier today. In the overnight trade, Wall Street ended mixed in volatile trade, pulled down by teck stocks, ahead of power pack earnings result lined-up this week, while investors also weighed ongoing global political uncertainty. Back home, firm trend in the SGX Nifty Index Futures for August delivery, which were trading at 10,127.00, up by 21.00 points or 0.21 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. Investors are expected to keep an eye on domestic fiscal deficit for June, numbers on infrastructure output and RBI policy review which could have implications on the market. According to market experts, RBI's monetary policy review, macroeconomic data like manufacturing PMI and services PMI data, and corporate earnings would set the tone for stock market trend this week. According to rating agencies like ICRA and HSBC, RBI would reduce the repo rate by 25 basis points (bps) in the upcoming policy review scheduled on August 02, 2017. On the sectoral front, auto stocks will remain in focus as automobile companies will unveil sales number for July, first time after GST implementation. Investors will keep an eye on earnings report of big companies such as JSW Steel, Marico, Power Grid, Piramal Enterprises and Torrent Power, will announce their June quarter results today.
On Monday, the Indian equities ended higher on Monday, helped by strong buying across consumer durables, capital goods and metal stocks, undermining weak cues from Asian peers. The investor sentiments were buoyed by better-than-expected corporate earnings and rising speculation that the Reserve Bank of India may cut interest rate in upcoming policy review meeting. According to rating agencies like ICRA and HSBC, RBI would reduce the repo rate by 25 basis points (bps) in the upcoming policy review scheduled on August 02, 2017. SBI shares jumped over 4 per cent after the country’s largest lender lowered interest rate on savings bank accounts to 3.5 per cent from 4 per cent on balance of Rs 1 crore and below. The 30-share barometer SENSEX closed at 32514.94, up by 205.06 points or by 0.63 per cent, and the NSE Nifty ended at 10077.1, up by 62.6 points or by 0.63 points.
Top traded Volumes on NSE Nifty were State Bank of India 41547584.00, ICICI Bank Ltd. 21526493.00, ITC Ltd. 21247233.00, Bank of Baroda 15878051.00, Oil and Natural Gas Corporation Ltd. 13899095.00.
On NSE, total number of shares traded was 140.02 Crore and total turnover stood at Rs. 28679.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 131269 with a total turnover of Rs. 11403.38 Crore. Along with this total number of contracts traded in stock futures were 680302 with a total turnover of Rs. 50783.02 Crore. Total numbers of contracts for index options were 2650839 with a total turnover of Rs. 242781.02 Crore and total numbers of contracts for stock options were 432964 with a total turnover of Rs. 33680.11 Crore.
As on July 31, 2017 the FIIs turned net buyer in debt market but turned net buyer in equity segment. Gross equity purchased stood at Rs. 5204.81 Crore and gross debt purchased stood at Rs. 1316.94 Crore, while the gross equity sold stood at Rs. 5216.26 Crore and gross debt sold stood at Rs. 275.08 Crore. Therefore, the net investment of equity and debt reported were Rs. 11.45 Crore and Rs. 1041.86.
01/08/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to continue bullish momentum on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks were trading higher as investors cheered strong corporate earnings and also better-than-expected China Caixin manufacturing PMI released earlier today. In the overnight trade, Wall Street ended mixed in volatile trade, pulled down by teck stocks, ahead of power pack earnings result lined-up this week, while investors also weighed ongoing global political uncertainty. Back home, firm trend in the SGX Nifty Index Futures for August delivery, which were trading at 10,127.00, up by 21.00 points or 0.21 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. Investors are expected to keep an eye on domestic fiscal deficit for June, numbers on infrastructure output and RBI policy review which could have implications on the market. According to market experts, RBI's monetary policy review, macroeconomic data like manufacturing PMI and services PMI data, and corporate earnings would set the tone for stock market trend this week. According to rating agencies like ICRA and HSBC, RBI would reduce the repo rate by 25 basis points (bps) in the upcoming policy review scheduled on August 02, 2017. On the sectoral front, auto stocks will remain in focus as automobile companies will unveil sales number for July, first time after GST implementation. Investors will keep an eye on earnings report of big companies such as JSW Steel, Marico, Power Grid, Piramal Enterprises and Torrent Power, will announce their June quarter results today.
On Monday, the Indian equities ended higher on Monday, helped by strong buying across consumer durables, capital goods and metal stocks, undermining weak cues from Asian peers. The investor sentiments were buoyed by better-than-expected corporate earnings and rising speculation that the Reserve Bank of India may cut interest rate in upcoming policy review meeting. According to rating agencies like ICRA and HSBC, RBI would reduce the repo rate by 25 basis points (bps) in the upcoming policy review scheduled on August 02, 2017. SBI shares jumped over 4 per cent after the country’s largest lender lowered interest rate on savings bank accounts to 3.5 per cent from 4 per cent on balance of Rs 1 crore and below. The 30-share barometer SENSEX closed at 32514.94, up by 205.06 points or by 0.63 per cent, and the NSE Nifty ended at 10077.1, up by 62.6 points or by 0.63 points.
Top traded Volumes on NSE Nifty were State Bank of India 41547584.00, ICICI Bank Ltd. 21526493.00, ITC Ltd. 21247233.00, Bank of Baroda 15878051.00, Oil and Natural Gas Corporation Ltd. 13899095.00.
On NSE, total number of shares traded was 140.02 Crore and total turnover stood at Rs. 28679.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 131269 with a total turnover of Rs. 11403.38 Crore. Along with this total number of contracts traded in stock futures were 680302 with a total turnover of Rs. 50783.02 Crore. Total numbers of contracts for index options were 2650839 with a total turnover of Rs. 242781.02 Crore and total numbers of contracts for stock options were 432964 with a total turnover of Rs. 33680.11 Crore.
As on July 31, 2017 the FIIs turned net buyer in debt market but turned net buyer in equity segment. Gross equity purchased stood at Rs. 5204.81 Crore and gross debt purchased stood at Rs. 1316.94 Crore, while the gross equity sold stood at Rs. 5216.26 Crore and gross debt sold stood at Rs. 275.08 Crore. Therefore, the net investment of equity and debt reported were Rs. 11.45 Crore and Rs. 1041.86.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
