Pre-Session-Bearish opening likely on scrapping of Rs 1,000, Rs 500 notes; US elections outcome eyed:09/11/2016 08:27
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Wednesday as investors react to the government’s surprise move of withdrawing currency notes of Rs 1,000 and Rs 500 as it seeks to crackdown on black money. The move, effective from Tuesday midnight, viewed as a positive one for the longer-term, but could adversely affect short-term consumption in Asia’s third biggest economy, making Dalal Street traders wary. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,502, down by 56 points or 0.66 per cent at 01:56 AM Singapore time, signal that the Sensex may open lower today. With early results showing Donald Trump and Hillary Clinton locked in a tight race in the US Presidential elections, traders may resort to a cautious approach. The focus will be on the shares of Cipla, Lupin, J&K Bank, Karnataka Bank, Oriental Bank of Commerce and UCO Bank which will unveil its September quarter earnings today. The 30-share Sensex surged by 132.15 points or by 0.48 per cent to end at 27,591.14 on Tuesday boosted by late buying ahead of the US presidential vote.
Asian stocks tumbled on Wednesday as investors braced for the US presidential election results with early results indicating a tight race for the White House. With 91 per cent of the vote counted in Florida, Trump led Clinton 49 per cent to 47.9 per cent. Shanghai Composite declined as China’s exports fell for a seventh straight month in October but factory-gate and consumer inflation quickened. Hang Seng shed almost 2 per cent and Nikkei 225 tanked over 2 per cent on jitters amid US election results. US stocks rose on Tuesday as Americans cast their ballots with polls showing Clinton ahead of Trump in the race to become the country’s President. On the economic front, US job openings rose to 5.49 million in September from 5.45 million in August.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 31957956.00, Bharat Heavy Electricals Ltd. 23554076.00, Hindalco Industries Ltd. 23431723.00, Tata Motors Ltd. 12739083.00 and ITC Ltd. 9935323.00.
On BSE, total number of shares traded was 65.57 Crore and total turnover stood at Rs. 6201.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 185903 with a total turnover of Rs. 12779.41 Crore. Along with this total number of contracts traded in stock futures were 516951 with a total turnover of Rs. 35298.55 Crore. Total numbers of contracts for index options were 2554302 with a total turnover of Rs. 175786.52 Crore and total numbers of contracts for stock options were 373978 with a total turnover of Rs. 26316.74 Crore.
The FIIs on 08/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4281.93 Crore and gross debt purchased stood at Rs. 768.42 Crore, while the gross equity sold stood at Rs. 4090.43 Crore and gross debt sold stood at Rs. 650.45 Crore. Therefore, the net investment of equity and debt reported were Rs. 191.50 Crore and Rs. 117.97 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Asian stocks tumbled on Wednesday as investors braced for the US presidential election results with early results indicating a tight race for the White House. With 91 per cent of the vote counted in Florida, Trump led Clinton 49 per cent to 47.9 per cent. Shanghai Composite declined as China’s exports fell for a seventh straight month in October but factory-gate and consumer inflation quickened. Hang Seng shed almost 2 per cent and Nikkei 225 tanked over 2 per cent on jitters amid US election results. US stocks rose on Tuesday as Americans cast their ballots with polls showing Clinton ahead of Trump in the race to become the country’s President. On the economic front, US job openings rose to 5.49 million in September from 5.45 million in August.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 31957956.00, Bharat Heavy Electricals Ltd. 23554076.00, Hindalco Industries Ltd. 23431723.00, Tata Motors Ltd. 12739083.00 and ITC Ltd. 9935323.00.
On BSE, total number of shares traded was 65.57 Crore and total turnover stood at Rs. 6201.10 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 185903 with a total turnover of Rs. 12779.41 Crore. Along with this total number of contracts traded in stock futures were 516951 with a total turnover of Rs. 35298.55 Crore. Total numbers of contracts for index options were 2554302 with a total turnover of Rs. 175786.52 Crore and total numbers of contracts for stock options were 373978 with a total turnover of Rs. 26316.74 Crore.
The FIIs on 08/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4281.93 Crore and gross debt purchased stood at Rs. 768.42 Crore, while the gross equity sold stood at Rs. 4090.43 Crore and gross debt sold stood at Rs. 650.45 Crore. Therefore, the net investment of equity and debt reported were Rs. 191.50 Crore and Rs. 117.97 Crore.
