Pre Session: Sensex, Nifty seen opening flat on mixed global cues
22/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with negative bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend from global markets. Globally, Asian markets were trading mixed, with Hang Seng and Shanghai were up, while Nikkei was marginally down, as rebound in crude prices ease investor sentiment which slipped to 10-month low in overnight trade which dragged US and European markets. In the overnight trade, Wall Street ended mostly lower, dragged by decline in bank and energy stocks, as investors weighed persistent slump in oil prices. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,666.00, up by 04.00 points or 0.04 per cent, at 10:54 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, RBI policy minutes showed that five of the six members had voted in favour of status quo on rates, citing risks to inflation. RBI's Monetary Policy Committee (MPC), which met on June 6-7, revealed that it was for the first time that the decision of the MPC, constituted last September, was not unanimous as Ravindra Dholakia had pitched for a 50 basis point cut in the repo rate, saying several noteworthy developments recently on prices and output fronts warrant a decisive policy action. On the corporate front, Essar Steel, Bhushan Steel and Electrosteel Steels will remain in focus as banks will decide the fate of these three large defaulters today. The initial public offer (IPO) of Central Depository Services (India) got oversubscribed by over 169 times on the on the final day of the bidding on Wednesday.
On Wednesday, the Indian equities ended in negative terrain for the second straight session, tracking weak cues from Asian peers and slump in crude oil prices, as investors remained wary ahead of the release of minutes of a policy meet held by the Reserve Bank earlier this month. The policy details will shed light on the RBI stance on interest rates and inflation outlook which will give gauge the direction of interest rates in the forthcoming months. Aviation stocks hogged the limelight, with InterGlobe Aviation and SpiceJet hitting 52-week high on strong growth in passenger traffic in May and lower crude oil prices. The 30-share barometer SENSEX closed at 31283.64, down by 13.89 points or by 0.04 per cent, and the NSE Nifty ended at 9633.6, down by 19.9 points or by 0.21 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 10786414.00, State Bank of India 10537576.00, Oil and Natural Gas Corporation Ltd. 8411843.00, ITC Ltd. 8279767.00, Power Grid Corporation of India Ltd. 7793672.00.
On NSE, total number of shares traded was 118.56 Crore and total turnover stood at Rs. 21632.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 132546 with a total turnover of Rs. 10659.23 Crore. Along with this total number of contracts traded in stock futures were 570229 with a total turnover of Rs. 41432.65 Crore. Total numbers of contracts for index options were 4906086 with a total turnover of Rs. 421549.41 Crore and total numbers of contracts for stock options were 389354 with a total turnover of Rs. 29608.16 Crore.
As on June 21, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4312.19 Crore and gross debt purchased stood at Rs. 2083.27 Crore, while the gross equity sold stood at Rs. 4606.90 Crore and gross debt sold stood at Rs. 1536.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -294.71 Crore and Rs. 546.74.
22/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat with negative bias on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend from global markets. Globally, Asian markets were trading mixed, with Hang Seng and Shanghai were up, while Nikkei was marginally down, as rebound in crude prices ease investor sentiment which slipped to 10-month low in overnight trade which dragged US and European markets. In the overnight trade, Wall Street ended mostly lower, dragged by decline in bank and energy stocks, as investors weighed persistent slump in oil prices. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,666.00, up by 04.00 points or 0.04 per cent, at 10:54 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, RBI policy minutes showed that five of the six members had voted in favour of status quo on rates, citing risks to inflation. RBI's Monetary Policy Committee (MPC), which met on June 6-7, revealed that it was for the first time that the decision of the MPC, constituted last September, was not unanimous as Ravindra Dholakia had pitched for a 50 basis point cut in the repo rate, saying several noteworthy developments recently on prices and output fronts warrant a decisive policy action. On the corporate front, Essar Steel, Bhushan Steel and Electrosteel Steels will remain in focus as banks will decide the fate of these three large defaulters today. The initial public offer (IPO) of Central Depository Services (India) got oversubscribed by over 169 times on the on the final day of the bidding on Wednesday.
On Wednesday, the Indian equities ended in negative terrain for the second straight session, tracking weak cues from Asian peers and slump in crude oil prices, as investors remained wary ahead of the release of minutes of a policy meet held by the Reserve Bank earlier this month. The policy details will shed light on the RBI stance on interest rates and inflation outlook which will give gauge the direction of interest rates in the forthcoming months. Aviation stocks hogged the limelight, with InterGlobe Aviation and SpiceJet hitting 52-week high on strong growth in passenger traffic in May and lower crude oil prices. The 30-share barometer SENSEX closed at 31283.64, down by 13.89 points or by 0.04 per cent, and the NSE Nifty ended at 9633.6, down by 19.9 points or by 0.21 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 10786414.00, State Bank of India 10537576.00, Oil and Natural Gas Corporation Ltd. 8411843.00, ITC Ltd. 8279767.00, Power Grid Corporation of India Ltd. 7793672.00.
On NSE, total number of shares traded was 118.56 Crore and total turnover stood at Rs. 21632.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 132546 with a total turnover of Rs. 10659.23 Crore. Along with this total number of contracts traded in stock futures were 570229 with a total turnover of Rs. 41432.65 Crore. Total numbers of contracts for index options were 4906086 with a total turnover of Rs. 421549.41 Crore and total numbers of contracts for stock options were 389354 with a total turnover of Rs. 29608.16 Crore.
As on June 21, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4312.19 Crore and gross debt purchased stood at Rs. 2083.27 Crore, while the gross equity sold stood at Rs. 4606.90 Crore and gross debt sold stood at Rs. 1536.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -294.71 Crore and Rs. 546.74.
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