Pre Session: Flat opening on cards for Sensex, Nifty; Infosys in focus : 17/08/2017 08:00
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open on a flat note on Thursday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets. Most of the Asian stocks were trading in green as risk aversion took a backseat as tension over North Korea eases, while investors digested the release of the Federal Reserve's minutes. In the overnight trade, Wall Street ended higher as rally in retail stocks compensated losses for energy companies. Back home, bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,896.00, down by 12 points or 0.12 per cent, at 10:15 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, RBI last Monetary Policy Committee (MPC) showed that RBI Governor Urjit Patel had cautioned that "the present low level of food prices is unusual and is vulnerable to upward pressures". As per PTI report, four of the six members had recommended 0.25 per cent cut in repo rate. While external member Ravindra H Dholakia (Professor, IIM, Ahmedabad) suggested 0.5 per cent reduction, another member Michael Debabrata Patra (RBI Executive Director) was in favour of status quo. In a major development, the Securities and Exchange Board of India has asked BSE and NSE to initiate audit on 100 out of 331 suspected shell companies. On the corporate front, shares of Infosys will remain in focus after Sebi approved IT bellwether's share buyback proposal and also offered a solution for participation by holders of the company’s American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). Among others, YES Bank will also see some movement as private sector lender has cut saving deposit rate by 25-100 basis points.
On Wednesday, the Indian equity benchmarks extended rally for the second straight session, tracking firm cues from Asian peers, amid sustained buying by foreign and domestic investors. Adding to it, easing geo-political tensions between North Korea and the US also prompted traders to invest in most beaten stock. Among sectoral indices, all the indices ended in green, barring capital goods, while FMCG and metal stocks emerged as top gainers, rising as much as 2.49 per cent and 1.72 per cent, respectively. The 30-share barometer SENSEX closed at 31770.89, up by 321.86 points or by 1.02 per cent, and the NSE Nifty ended at 9897.3, up by 103.15 points or by 1.05 per cent.
Top traded Volumes on NSE Nifty were Bank of Baroda 25054671.00, State Bank of India 21074533.00, ITC Ltd. 18692336.00, Tata Power Company Ltd. 11428360.00, Tata Motors Ltd. 11019760.00.
On NSE, total number of shares traded was 135.71 Crore and total turnover stood at Rs. 26122.12 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 278321 with a total turnover of Rs. 23412.78 Crore. Along with this total number of contracts traded in stock futures were 696310 with a total turnover of Rs. 50748.22 Crore. Total numbers of contracts for index options were 8098871 with a total turnover of Rs. 738119.77 Crore and total numbers of contracts for stock options were 494760 with a total turnover of Rs. 37688.80 Crore.
As on August 16, 2017 the FIIs turned net seller in both equity and debt segment. Gross equity purchased stood at Rs. 3288.81 Crore and gross debt purchased stood at Rs. 292.38 Crore, while the gross equity sold stood at Rs. 4812.62 Crore and gross debt sold stood at Rs. 489.78 Crore. Therefore, the net investment of equity and debt reported were Rs. -1523.81 Crore and Rs. -197.40.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open on a flat note on Thursday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets. Most of the Asian stocks were trading in green as risk aversion took a backseat as tension over North Korea eases, while investors digested the release of the Federal Reserve's minutes. In the overnight trade, Wall Street ended higher as rally in retail stocks compensated losses for energy companies. Back home, bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,896.00, down by 12 points or 0.12 per cent, at 10:15 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, RBI last Monetary Policy Committee (MPC) showed that RBI Governor Urjit Patel had cautioned that "the present low level of food prices is unusual and is vulnerable to upward pressures". As per PTI report, four of the six members had recommended 0.25 per cent cut in repo rate. While external member Ravindra H Dholakia (Professor, IIM, Ahmedabad) suggested 0.5 per cent reduction, another member Michael Debabrata Patra (RBI Executive Director) was in favour of status quo. In a major development, the Securities and Exchange Board of India has asked BSE and NSE to initiate audit on 100 out of 331 suspected shell companies. On the corporate front, shares of Infosys will remain in focus after Sebi approved IT bellwether's share buyback proposal and also offered a solution for participation by holders of the company’s American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). Among others, YES Bank will also see some movement as private sector lender has cut saving deposit rate by 25-100 basis points.
On Wednesday, the Indian equity benchmarks extended rally for the second straight session, tracking firm cues from Asian peers, amid sustained buying by foreign and domestic investors. Adding to it, easing geo-political tensions between North Korea and the US also prompted traders to invest in most beaten stock. Among sectoral indices, all the indices ended in green, barring capital goods, while FMCG and metal stocks emerged as top gainers, rising as much as 2.49 per cent and 1.72 per cent, respectively. The 30-share barometer SENSEX closed at 31770.89, up by 321.86 points or by 1.02 per cent, and the NSE Nifty ended at 9897.3, up by 103.15 points or by 1.05 per cent.
Top traded Volumes on NSE Nifty were Bank of Baroda 25054671.00, State Bank of India 21074533.00, ITC Ltd. 18692336.00, Tata Power Company Ltd. 11428360.00, Tata Motors Ltd. 11019760.00.
On NSE, total number of shares traded was 135.71 Crore and total turnover stood at Rs. 26122.12 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 278321 with a total turnover of Rs. 23412.78 Crore. Along with this total number of contracts traded in stock futures were 696310 with a total turnover of Rs. 50748.22 Crore. Total numbers of contracts for index options were 8098871 with a total turnover of Rs. 738119.77 Crore and total numbers of contracts for stock options were 494760 with a total turnover of Rs. 37688.80 Crore.
As on August 16, 2017 the FIIs turned net seller in both equity and debt segment. Gross equity purchased stood at Rs. 3288.81 Crore and gross debt purchased stood at Rs. 292.38 Crore, while the gross equity sold stood at Rs. 4812.62 Crore and gross debt sold stood at Rs. 489.78 Crore. Therefore, the net investment of equity and debt reported were Rs. -1523.81 Crore and Rs. -197.40.
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