Pre Session: Sensex, Nifty to start on cautious note; auto stocks in focus
03/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open on flat note with positive bias on Monday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets. Asian stocks were trading higher as signs of stabilising in China's economy and a recovery in the global market boosted investors sentiment. On Friday, Wall Street ended higher helped by expansion in the industrial and consumer discretionary sectors. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,523.00, up by 4.50 points or 0.05 per cent, at 10:40 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, Finance Minister Arun Jaitley rolled-out long pending new tax regime goods and services tax (GST) at 12 am on Saturday, with five tax rate slabs, 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent for over 1,200 items. Global rating agency, Moody's Investors Service has said that the goods and services tax (GST) will be positive for India's sovereign rating as it would boost GDP growth and increase tax revenues. The investors will keep an eye on manufacturing data for June which will be released today. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May, said a PTI report. On the corporate front, auto stocks will remain in focus as the auto companies will release sales volume data for June.
Reversing initial losses, Indian equity benchmarks ended on a positive note on Friday, with benchmark index Sensex ended nearly 64.09 points higher, while NSE Nifty settled at 9,520.9-mark, as index heavyweights such as ITC, Sun Pharma pushed the indices up. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 30,921.61 up by 64.09 points or 0.21 per cent, while the NSE Nifty ended at 9,520.9 up by 16.8 points or 0.18 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 23196959.00, Bank of Baroda 13722692.00, Vedanta Ltd. 13284201.00, ICICI Bank Ltd. 12435467.00, State Bank of India 12235472.00.
On NSE, total number of shares traded was 140.82 Crore and total turnover stood at Rs. 23335.97 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 190406 with a total turnover of Rs. 14899.15 Crore. Along with this total number of contracts traded in stock futures were 554229 with a total turnover of Rs. 40187.81 Crore. Total numbers of contracts for index options were 2866461 with a total turnover of Rs. 236795.43 Crore and total numbers of contracts for stock options were 271135 with a total turnover of Rs. 20619.63 Crore.
As on June 30, 2017, the FIIs turned net buyer in debt segment but turned net seller in equity market. Gross equity purchased stood at Rs. 6901.94 Crore and gross debt purchased stood at Rs. 2195.77 Crore, while the gross equity sold stood at Rs. 7634.23 Crore and gross debt sold stood at Rs. 1483.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -732.29 Crore and Rs. 712.19.
03/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open on flat note with positive bias on Monday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets. Asian stocks were trading higher as signs of stabilising in China's economy and a recovery in the global market boosted investors sentiment. On Friday, Wall Street ended higher helped by expansion in the industrial and consumer discretionary sectors. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,523.00, up by 4.50 points or 0.05 per cent, at 10:40 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, Finance Minister Arun Jaitley rolled-out long pending new tax regime goods and services tax (GST) at 12 am on Saturday, with five tax rate slabs, 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent for over 1,200 items. Global rating agency, Moody's Investors Service has said that the goods and services tax (GST) will be positive for India's sovereign rating as it would boost GDP growth and increase tax revenues. The investors will keep an eye on manufacturing data for June which will be released today. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May, said a PTI report. On the corporate front, auto stocks will remain in focus as the auto companies will release sales volume data for June.
Reversing initial losses, Indian equity benchmarks ended on a positive note on Friday, with benchmark index Sensex ended nearly 64.09 points higher, while NSE Nifty settled at 9,520.9-mark, as index heavyweights such as ITC, Sun Pharma pushed the indices up. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 30,921.61 up by 64.09 points or 0.21 per cent, while the NSE Nifty ended at 9,520.9 up by 16.8 points or 0.18 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 23196959.00, Bank of Baroda 13722692.00, Vedanta Ltd. 13284201.00, ICICI Bank Ltd. 12435467.00, State Bank of India 12235472.00.
On NSE, total number of shares traded was 140.82 Crore and total turnover stood at Rs. 23335.97 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 190406 with a total turnover of Rs. 14899.15 Crore. Along with this total number of contracts traded in stock futures were 554229 with a total turnover of Rs. 40187.81 Crore. Total numbers of contracts for index options were 2866461 with a total turnover of Rs. 236795.43 Crore and total numbers of contracts for stock options were 271135 with a total turnover of Rs. 20619.63 Crore.
As on June 30, 2017, the FIIs turned net buyer in debt segment but turned net seller in equity market. Gross equity purchased stood at Rs. 6901.94 Crore and gross debt purchased stood at Rs. 2195.77 Crore, while the gross equity sold stood at Rs. 7634.23 Crore and gross debt sold stood at Rs. 1483.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -732.29 Crore and Rs. 712.19.
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