Pre Session: Massive gap down opening seen for Sensex, Nifty; SBI Q1 eyed 11/08/2017

Pre Session: Massive gap down opening seen for Sensex, Nifty; SBI Q1 eyed
11/08/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND  : SELL ZONE

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Indian equities are likely to extend losing streak on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and bearish trend across global markets. The Asian stocks were trading in red after Wall Street ended sharply lower overnight, as tensions between the United States and North Korea escalated, which prompted investors to shift to less risker appetite such as gold and bonds. Japanese markets remained closed for a holiday. Back home, bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,762.00, down by 102.50 points or 1.05 per cent, at 10:50 AM Singapore time, also signaled a negative opening for local bourses. According to market experts, the rising geo-political tensions between North Korea and the US have prompted investors to book profit in shares that have been on the rise in recent months. Investors will react to earnings report of SpiceJet after low-cost carrier recorded a record profit of Rs 175.23 crore in the quarter ended June, from Rs 149.03 crore in the corresponding period last year, a year-on-year growth of 18 per cent. Banking stocks will remain in focus as country’s largest lender State Bank of India will release its first quarter earnings later today. Among others, Cochin Shipyard, which received overwhelming response from investors for its initial share sale offer, will list its shares on the bourses today. Investors will also keep an eye on earnings report of big companies such as Bosch, BPCL, CESC, Bank of Baroda, BEML, Cipla, Godrej Industries, Hindalco Industries, JSW Energy, Sail and TVS Motor Co., which will announce their June quarter earnings today.

On Thursday, the Indian benchmark indices ended the day in red, extending losses for the fourth straight session. However, it pared some of the intra-day losses, but selling pressure in pharma, realty, auto and banking stocks continued to weigh. Individual stocks also dragged the sentiment on poor June-quarter result show. The 30-share barometer SENSEX closed at 31531.33 down by 266.51 points or by 0.84 per cent, while the NSE Nifty ended at 9820.25 down by 87.8 points or by 0.89 per cent.

Top traded Volumes on NSE Nifty were Tata Motors Ltd. 28114017.00, ICICI Bank Ltd. 17225844.00, State Bank of India 14519518.00, Vedanta Ltd. 14153043.00, Hindalco Industries Ltd. 10897284.00.

On NSE, total number of shares traded was 163.08 Crore and total turnover stood at Rs. 31702.06 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 263048 with a total turnover of Rs. 22107.24 Crore. Along with this total number of contracts traded in stock futures were 898768 with a total turnover of Rs. 64512.87 Crore. Total numbers of contracts for index options were 8723766 with a total turnover of Rs. 849502.76 Crore.

As on August 10, 2017 the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 3644.31 Crore and gross debt purchased stood at Rs. 1607.96 Crore, while the gross equity sold stood at Rs. 4073.05 Crore and gross debt sold stood at Rs. 274.40 Crore. Therefore, the net investment of equity and debt reported were Rs. -428.74 Crore and Rs. 1333.56.

Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040