Pre Session: Sensex, Nifty see opening higher; Infy, bank stocks in focus
19/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed cues from global markets. Asian markets were trading higher as investors widened their bet ahead of Brexit negotiations between the U.K. and the European Union, while report that French President Emmanuel Macron's party won a parliamentary majority also gave a lift to market sentiment. On Friday, Wall Street ended on mixed note as lackluster US data spark health concerns over the resilience of the world’s largest economy. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,629.50, up by 39.50 points or 0.41 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. In absence of any major trigger lined up for this week, market may take take cues from progress of monsoons and the country's GST preparedness as implementation date is approaching fast for the new indirect tax regime. On the corporate front, IT bellwether Infosys will remain in focus after the company’s backed startup ideaForge Technology secured an order from NTPC, while banking stocks will also see some movement as bankers would meet today to finalise action against twelve companies named declared by the RBI as the largest defaulters.
On Friday, the Indian equities ended tad lower in choppy trade, undermining firm cues from Asian peers, as investors digested the US Federal rates hike, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. Most of the Asian markets closed higher as the Bank of Japan maintained status quo in its latest policy review. IT, Teck and pharma stocks witnessed selling pressure amid concerns over earnings outlook. IT bellwether Infosys dipped over 1 per cent after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post. The 30-share barometer SENSEX closed at 31056.4, down by 19.33 points or by 0.06 per cent, and the NSE Nifty ended at 9588.05, up by 10 points or by 0.1 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 21116941.00, State Bank of India 19246907.00, ITC Ltd. 12323676.00, Vedanta Ltd. 10842691.00, Aurobindo Pharma Ltd. 9785718.00.
On NSE, total number of shares traded was 125.76 Crore and total turnover stood at Rs. 27168.65 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 127289 with a total turnover of Rs. 10114.47 Crore. Along with this total number of contracts traded in stock futures were 592168 with a total turnover of Rs. 42183.27 Crore. Total numbers of contracts for index options were 2509867 with a total turnover of Rs. 204276.54 Crore and total numbers of contracts for stock options were 409647 with a total turnover of Rs. 29431.35 Crore.
As on June 16, 2017, the FIIs turned net buyer in debt segment, but turned net seller in equity market. Gross equity purchased stood at Rs. 5018.68 Crore and gross debt purchased stood at Rs. 701.26 Crore, while the gross equity sold stood at Rs. 5628.88 Crore and gross debt sold stood at Rs. 215.83 Crore. Therefore, the net investment of equity and debt reported were Rs. -610.20 Crore and Rs. 485.43.
19/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed cues from global markets. Asian markets were trading higher as investors widened their bet ahead of Brexit negotiations between the U.K. and the European Union, while report that French President Emmanuel Macron's party won a parliamentary majority also gave a lift to market sentiment. On Friday, Wall Street ended on mixed note as lackluster US data spark health concerns over the resilience of the world’s largest economy. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,629.50, up by 39.50 points or 0.41 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. In absence of any major trigger lined up for this week, market may take take cues from progress of monsoons and the country's GST preparedness as implementation date is approaching fast for the new indirect tax regime. On the corporate front, IT bellwether Infosys will remain in focus after the company’s backed startup ideaForge Technology secured an order from NTPC, while banking stocks will also see some movement as bankers would meet today to finalise action against twelve companies named declared by the RBI as the largest defaulters.
On Friday, the Indian equities ended tad lower in choppy trade, undermining firm cues from Asian peers, as investors digested the US Federal rates hike, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. Most of the Asian markets closed higher as the Bank of Japan maintained status quo in its latest policy review. IT, Teck and pharma stocks witnessed selling pressure amid concerns over earnings outlook. IT bellwether Infosys dipped over 1 per cent after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post. The 30-share barometer SENSEX closed at 31056.4, down by 19.33 points or by 0.06 per cent, and the NSE Nifty ended at 9588.05, up by 10 points or by 0.1 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 21116941.00, State Bank of India 19246907.00, ITC Ltd. 12323676.00, Vedanta Ltd. 10842691.00, Aurobindo Pharma Ltd. 9785718.00.
On NSE, total number of shares traded was 125.76 Crore and total turnover stood at Rs. 27168.65 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 127289 with a total turnover of Rs. 10114.47 Crore. Along with this total number of contracts traded in stock futures were 592168 with a total turnover of Rs. 42183.27 Crore. Total numbers of contracts for index options were 2509867 with a total turnover of Rs. 204276.54 Crore and total numbers of contracts for stock options were 409647 with a total turnover of Rs. 29431.35 Crore.
As on June 16, 2017, the FIIs turned net buyer in debt segment, but turned net seller in equity market. Gross equity purchased stood at Rs. 5018.68 Crore and gross debt purchased stood at Rs. 701.26 Crore, while the gross equity sold stood at Rs. 5628.88 Crore and gross debt sold stood at Rs. 215.83 Crore. Therefore, the net investment of equity and debt reported were Rs. -610.20 Crore and Rs. 485.43.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
