Pre Session-Bears may continue to rule the roost at Dalal Street:18/11/2016 08:19
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Friday as lingering worries over the impact of demonetization of higher value currency notes by the government, on Asia’s third biggest economy continuous to sour risk taking appetite. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,085, down by 9 points or 0.11 per cent at 10:28 AM Singapore time, signal that the Sensex may open lower today. Investors are worried that demonetization of Rs 500 and Rs 1000 notes to curb black money may severely hit small and medium sized businesses that mainly run on cash while also take a toll on short-term discretionary spending. Shares of NBCC (India) Ltd and NHPC will be in focus as these companies reveal their September quarter earnings. With Fed Chair Janet Yellen signalling that an interest rate hike is in the offing quite soon, traders may remain wary of the potential impact of US monetary tightening on capital flows to emerging markets. Further, the RBI may wait until February to cut interest rates further despite softening inflation as it gets greater clarity over US Fed policy stance in December and assesses the impact of a potential Fed rate hike on the Indian economy and new US President Donald Trump’s policies on financial markets. A surging dollar and capital outflows hit domestic benchmarks on Thursday as the 30-share Sensex fell 71.07 points or by 0.27 per cent to 26,227.62.
Asian stocks were mostly higher even as traders weighed Yellen’s comments as the Fed Chair indicated that a rate hike was probably imminent. Yellen said that the world’s top central bank was close to raising borrowing costs as the economy continues to gain momentum. Shanghai Composite was flat, Hang Seng rose and Nikkei 225 jumped. Wall Street rose on Thursday, placing S&P 500 on the cusp of an all-time high as financial firms rallied after Yellen signaled that the Fed was set to raise interest rates soon, raising speculation of December tightening. US jobless claims fell to the lowest level in four decades, declining by 19,000 to 235,000 in the week ended November 12. US consumer prices rose for the third straight month, up 0.4 per cent in October from September, a sign that inflation is picking up.
Top traded Volumes on NSE Nifty – Bank of Baroda 22051586.00, State Bank of India 19500760.00, ICICI Bank Ltd. 13321903.00, Hindalco Industries Ltd. 10560503.00 and Axis Bank Ltd. 10250008.00.
On BSE, total number of shares traded was 17.85 Crore and total turnover stood at Rs. 2660.23 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 285959 with a total turnover of Rs. 19057.66 Crore. Along with this total number of contracts traded in stock futures were 496118 with a total turnover of Rs. 32525.97 Crore. Total numbers of contracts for index options were 7074565 with a total turnover of Rs. 501505.58 Crore and total numbers of contracts for stock options were 390014 with a total turnover of Rs. 27027.86 Crore.
The FIIs on 17/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 7361.02 Crore and gross debt purchased stood at Rs. 1385.14 Crore, while the gross equity sold stood at Rs. 9321.27 Crore and gross debt sold stood at Rs. 8430.25 Crore. Therefore, the net investment of equity and debt reported were Rs. -1960.25 Crore and Rs. -7045.11 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Asian stocks were mostly higher even as traders weighed Yellen’s comments as the Fed Chair indicated that a rate hike was probably imminent. Yellen said that the world’s top central bank was close to raising borrowing costs as the economy continues to gain momentum. Shanghai Composite was flat, Hang Seng rose and Nikkei 225 jumped. Wall Street rose on Thursday, placing S&P 500 on the cusp of an all-time high as financial firms rallied after Yellen signaled that the Fed was set to raise interest rates soon, raising speculation of December tightening. US jobless claims fell to the lowest level in four decades, declining by 19,000 to 235,000 in the week ended November 12. US consumer prices rose for the third straight month, up 0.4 per cent in October from September, a sign that inflation is picking up.
Top traded Volumes on NSE Nifty – Bank of Baroda 22051586.00, State Bank of India 19500760.00, ICICI Bank Ltd. 13321903.00, Hindalco Industries Ltd. 10560503.00 and Axis Bank Ltd. 10250008.00.
On BSE, total number of shares traded was 17.85 Crore and total turnover stood at Rs. 2660.23 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 285959 with a total turnover of Rs. 19057.66 Crore. Along with this total number of contracts traded in stock futures were 496118 with a total turnover of Rs. 32525.97 Crore. Total numbers of contracts for index options were 7074565 with a total turnover of Rs. 501505.58 Crore and total numbers of contracts for stock options were 390014 with a total turnover of Rs. 27027.86 Crore.
The FIIs on 17/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 7361.02 Crore and gross debt purchased stood at Rs. 1385.14 Crore, while the gross equity sold stood at Rs. 9321.27 Crore and gross debt sold stood at Rs. 8430.25 Crore. Therefore, the net investment of equity and debt reported were Rs. -1960.25 Crore and Rs. -7045.11 Crore.
