Pre-Session- Bearish opening seen at Dalal Street on mixed Asia trend; IIP data eyed 11/11/2016 08:26
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Friday tracking a mixed trend across markets in Asia as investors ponder over what the priorities for the new US President Donald Trump and his administration will be, curbing risk taking appetite. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,408.5, down by 136 points or 1.62 per cent at 10:30 AM Singapore time, signal that the Sensex may open lower today. Shares of Tata Steel, Andhra Bank, Bank of Baroda, Dhanlaxmi Bank, BPCL, Indian Overseas Bank, Jet Airways, M&M and Suzlon Energy will be in focus today as these companies reveal their September quarter earnings. Traders will also eye the September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy. India’s industrial output probably expanded 1 per cent in September 2016 from the same month a year ago, following an annual contraction of 0.7 per cent in August 2016. The 30-share Sensex on Thursday rallied by 265.15 points or by 0.97 per cent to 27,517.68 amid a global rebound on hopes that a Trump victory may lead to generous tax cuts, higher spending on infrastructure and defence in the US, while banking stocks advanced on hopes of deposits following the demonetisation of Rs 500 and Rs 1000 notes.
Asian stocks were mixed as traders awaited clarity on the economic policies of the Trump-led US administration amid speculation that the Dodd-Frank Act financial-sector law may be replaced with pro-growth policies, while increased US expenditure may expand the US budget gap and stoke inflation. Shanghai Composite advanced modestly, Hang Seng tanked over 1.5 per cent as traders resorted to profit taking after Thursday’s stellar rally, while Nikkei 225 rose as a weaker yen bolstered the appeal of exporter stocks. Wall Street ended mostly higher on Thursday with Dow Jones Industrial Average rising to a record high on optimism that a Trump win maybe good for the US economy amid a possible roll back of regulations, increased infrastructure spending and tax cuts for businesses. Meanwhile, the number of Americans filling to receive jobless benefits fell by 11,000 to 254,000 last week.
Top traded Volumes on NSE Nifty – State Bank of India 50227559.00, ICICI Bank Ltd. 26488623.00, Bank of Baroda 19938451.00, Hindalco Industries Ltd. 16275443.00 and ITC Ltd. 11567186.00.
On BSE, total number of shares traded was 56.25 Crore and total turnover stood at Rs. 7111.78 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 345025 with a total turnover of Rs. 24585.14 Crore. Along with this total number of contracts traded in stock futures were 714767 with a total turnover of Rs. 50992.30 Crore. Total numbers of contracts for index options were 7939560 with a total turnover of Rs. 589033.21 Crore and total numbers of contracts for stock options were 575307 with a total turnover of Rs. 42319.45 Crore.
The FIIs on 10/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5175.86 Crore and gross debt purchased stood at Rs. 1351.69 Crore, while the gross equity sold stood at Rs. 7220.38 Crore and gross debt sold stood at Rs. 747.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -2044.52 Crore and Rs. 604.14 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Asian stocks were mixed as traders awaited clarity on the economic policies of the Trump-led US administration amid speculation that the Dodd-Frank Act financial-sector law may be replaced with pro-growth policies, while increased US expenditure may expand the US budget gap and stoke inflation. Shanghai Composite advanced modestly, Hang Seng tanked over 1.5 per cent as traders resorted to profit taking after Thursday’s stellar rally, while Nikkei 225 rose as a weaker yen bolstered the appeal of exporter stocks. Wall Street ended mostly higher on Thursday with Dow Jones Industrial Average rising to a record high on optimism that a Trump win maybe good for the US economy amid a possible roll back of regulations, increased infrastructure spending and tax cuts for businesses. Meanwhile, the number of Americans filling to receive jobless benefits fell by 11,000 to 254,000 last week.
Top traded Volumes on NSE Nifty – State Bank of India 50227559.00, ICICI Bank Ltd. 26488623.00, Bank of Baroda 19938451.00, Hindalco Industries Ltd. 16275443.00 and ITC Ltd. 11567186.00.
On BSE, total number of shares traded was 56.25 Crore and total turnover stood at Rs. 7111.78 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 345025 with a total turnover of Rs. 24585.14 Crore. Along with this total number of contracts traded in stock futures were 714767 with a total turnover of Rs. 50992.30 Crore. Total numbers of contracts for index options were 7939560 with a total turnover of Rs. 589033.21 Crore and total numbers of contracts for stock options were 575307 with a total turnover of Rs. 42319.45 Crore.
The FIIs on 10/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5175.86 Crore and gross debt purchased stood at Rs. 1351.69 Crore, while the gross equity sold stood at Rs. 7220.38 Crore and gross debt sold stood at Rs. 747.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -2044.52 Crore and Rs. 604.14 Crore.
