Pre Session-Bullish opening seen for Sensex on firm global trend : 22/11/2016 08:30
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equity benchmarks are likely to witness a gap up opening on Tuesday tracking a positive trend across markets in Asia despite a Japanese earthquake and a tsunami warning. Record high finish at Wall Street overnight on higher oil prices amid optimism over an OPEC deal to cut output next week may also bolster risk taking appetite. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,004, up by 52 points or 0.65 per cent at 10:34 AM Singapore time, signal that the Sensex may open higher today. Shares of Larsen & Toubro (L&T) and GTL Infra will be in focus today as these companies reveals its September quarter earnings. Analysts expect L&T to post an 11 per cent decline in consolidated net profit at Rs 890 crore in Q2 FY 2016-17, year-on-year. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s November derivative contract expiry, and amid continued caution over the impact of demonetization in Asia’s third biggest economy, curbing gains at Dalal Street. Analysts fear demonetization to pull India’s economic growth down by as much as 4.1 percentage points this fiscal from last fiscal’s 7.6 per cent with corporate profits likely to come down by as much as 40 per cent in Q3 FY 2016-17. The sharp sell-off in the past six trading sessions may offer investors a good bargain buying opportunity in stocks, at existing levels. The 30-share Sensex on Monday slipped by 385.1 points or by 1.47 per cent to a six-month low of 25,765.14.
Asian stocks rose as oil prices held an advance, rising to nearly USD 49 per barrel as Iran expressed confidence that the OPEC will agree to a supply-cut deal before next week’s meeting at Vienna. Shanghai Composite rose, Hang Seng surged over 1 per cent and Nikkei 225 was tad higher even as the yen rose after a 7.3 magnitude earthquake hit the coast of Fukushima in Japan, triggering a Tsunami warning. US stocks ended higher on Monday with all three benchmarks hitting all-time highs simultaneously for the first time since 1999 driven by a rally in oil prices and a fall in the dollar.
Top traded Volumes on NSE Nifty – State Bank of India 26002028.00, Bank of Baroda 24330175.00, ICICI Bank Ltd. 19659835.00, Hindalco Industries Ltd. 16027161.00 and Idea Cellular Ltd. 9381625.00.
On BSE, total number of shares traded was 20.42 Crore and total turnover stood at Rs. 2548.58 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 442512 with a total turnover of Rs. 28672.16 Crore. Along with this total number of contracts traded in stock futures were 975739 with a total turnover of Rs. 60556.17 Crore. Total numbers of contracts for index options were 6864698 with a total turnover of Rs. 446343.75 Crore and total numbers of contracts for stock options were 435175 with a total turnover of Rs. 30567.73 Crore.
The FIIs on 21/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4183.10 Crore and gross debt purchased stood at Rs. 1079.87 Crore, while the gross equity sold stood at Rs. 5056.21 Crore and gross debt sold stood at Rs. 2867.43 Crore. Therefore, the net investment of equity and debt reported were Rs. -873.11 Crore and Rs. -1787.56 Crore.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Asian stocks rose as oil prices held an advance, rising to nearly USD 49 per barrel as Iran expressed confidence that the OPEC will agree to a supply-cut deal before next week’s meeting at Vienna. Shanghai Composite rose, Hang Seng surged over 1 per cent and Nikkei 225 was tad higher even as the yen rose after a 7.3 magnitude earthquake hit the coast of Fukushima in Japan, triggering a Tsunami warning. US stocks ended higher on Monday with all three benchmarks hitting all-time highs simultaneously for the first time since 1999 driven by a rally in oil prices and a fall in the dollar.
Top traded Volumes on NSE Nifty – State Bank of India 26002028.00, Bank of Baroda 24330175.00, ICICI Bank Ltd. 19659835.00, Hindalco Industries Ltd. 16027161.00 and Idea Cellular Ltd. 9381625.00.
On BSE, total number of shares traded was 20.42 Crore and total turnover stood at Rs. 2548.58 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 442512 with a total turnover of Rs. 28672.16 Crore. Along with this total number of contracts traded in stock futures were 975739 with a total turnover of Rs. 60556.17 Crore. Total numbers of contracts for index options were 6864698 with a total turnover of Rs. 446343.75 Crore and total numbers of contracts for stock options were 435175 with a total turnover of Rs. 30567.73 Crore.
The FIIs on 21/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4183.10 Crore and gross debt purchased stood at Rs. 1079.87 Crore, while the gross equity sold stood at Rs. 5056.21 Crore and gross debt sold stood at Rs. 2867.43 Crore. Therefore, the net investment of equity and debt reported were Rs. -873.11 Crore and Rs. -1787.56 Crore.
