Pre Session: Flat opening on cards for Sensex, Nifty; Bandhan Bank in focus
27/03/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian equities are likely to open flat to higher on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and positive trend across the Asian markets as trade talks between US and China boosted investor sentiment globally. In the overnight trade, Wall Street ended higher amid easing concerns over a trade war as the United States and China initiated talk to avert the situation. Back home, muted trend in the SGX Nifty Index Futures for March delivery, which was trading flat at 10,174.50 at 10:54 AM Singapore time, also signaled a lackluster start for local bourses. The market may see some volatility ahead of F&O expiry due this truncated week. On the economy front, the government has announced to borrow Rs. 2.88 lakh crore in the first half of the 2018-19 financial year that begins in April, 2018. On the corporate front, private sector lender Bandhan Bank will make debut on the bourses after raising Rs 4,500 crore from the public listing of shares. On the IPO front, ICICI Securities (ISec) closed initial public offering of shares on Monday with a portion of the shares remaining unsubscribed. Amidst choppy trade, Indian benchmarks ended higher on the back of strong buying in final hour of day's trade on Monday, undermining weak cues from Asian peers, as investors shrugged off concerns over implications of higher borrowing costs in the US and China as well as mounting global trade tensions. In line with benchmark indices, the broader markets also ended higher, with MidCap and SmlCap indices rising as much as 1.19 per cent and 0.73 per cent, respectively. Among the thirteen sectoral indices, bank and metal stocks emerged as top gainers on BSE, rallying as much as 2.3 per cent and 2.27 per cent, respectively. The 30-share benchmark index closed at 33066.41, up by 469.87 points.
27/03/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian equities are likely to open flat to higher on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and positive trend across the Asian markets as trade talks between US and China boosted investor sentiment globally. In the overnight trade, Wall Street ended higher amid easing concerns over a trade war as the United States and China initiated talk to avert the situation. Back home, muted trend in the SGX Nifty Index Futures for March delivery, which was trading flat at 10,174.50 at 10:54 AM Singapore time, also signaled a lackluster start for local bourses. The market may see some volatility ahead of F&O expiry due this truncated week. On the economy front, the government has announced to borrow Rs. 2.88 lakh crore in the first half of the 2018-19 financial year that begins in April, 2018. On the corporate front, private sector lender Bandhan Bank will make debut on the bourses after raising Rs 4,500 crore from the public listing of shares. On the IPO front, ICICI Securities (ISec) closed initial public offering of shares on Monday with a portion of the shares remaining unsubscribed. Amidst choppy trade, Indian benchmarks ended higher on the back of strong buying in final hour of day's trade on Monday, undermining weak cues from Asian peers, as investors shrugged off concerns over implications of higher borrowing costs in the US and China as well as mounting global trade tensions. In line with benchmark indices, the broader markets also ended higher, with MidCap and SmlCap indices rising as much as 1.19 per cent and 0.73 per cent, respectively. Among the thirteen sectoral indices, bank and metal stocks emerged as top gainers on BSE, rallying as much as 2.3 per cent and 2.27 per cent, respectively. The 30-share benchmark index closed at 33066.41, up by 469.87 points.
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