Pre Session- Dalal Street to open higher on global rally:23/11/2016 08:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equity benchmarks are likely to witness a gap up opening on Wednesday tracking a positive trend across markets in Asia and a record finish at Wall Street overnight amid optimism that the US economy is strong enough to withstand a rise in interest rates by the Fed before the end of the year, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,047.5, up by 57.5 points or 0.71 per cent at 10:38 AM Singapore time, signal that the Sensex may open higher today. Shares of L&T may witness some buying momentum after the engineering and construction major on Tuesday post market hours said that consolidated net profit for the September ended quarter rose 84 per cent to Rs 1,434.6 crore from a year ago, while it kept intact its order inflow guidance of 15 per cent and revenue growth forecast of 12-15 per cent for the full fiscal. Shares of PC Jeweller and Siemens will be in focus as these companies unveil their September quarter earnings. Volatility may continue at the domestic bourses as traders roll over their positions ahead of tomorrow’s November futures & options (F&O) expiry while assessing the impact of the demonetization move which may chop off as much as 1 per cent from India’s full year 2016-17 GDP growth. Snapping a six-day losing streak, the 30-share Sensex on Tuesday rallied by 195.64 points or by 0.76 per cent at 25,960.78 as the sharp sell-off in the last few trading sessions offered investors a good bargain buying opportunity in stocks, at existing levels.
Asian stocks rose today even as the US Federal Reserve prepares to raise interest rates next month. Donald Trump’s win in the US Presidential elections has boosted sentiment by raising speculation that he would bolster fiscal spending which may lead to tighter monetary policy. Investors are eying key US economic data due on Wednesday including goods orders, jobless claims, house prices, manufacturing PMI and Fed minutes which may shed further light on policy tightening. Shanghai Composite and Hang Seng rose while Nikkei 225 was closed for a holiday. US stocks climbed to fresh records on Tuesday after sales of existing homes climbed to the highest level since February 2007, up 2 per cent to a 5.60 million annual rate in October, signalling momentum in the US housing market recovery.
Top traded Volumes on NSE Nifty – State Bank of India 25631435.00, ICICI Bank Ltd. 21733444.00, Hindalco Industries Ltd. 15431966.00, Bank of Baroda 15079667.00 and Bharat Heavy Electricals Ltd. 12473920.00.
On BSE, total number of shares traded was 19.48 Crore and total turnover stood at Rs. 2306.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 383584 with a total turnover of Rs. 24689.68 Crore. Along with this total number of contracts traded in stock futures were 1005139 with a total turnover of Rs. 61497.77 Crore. Total numbers of contracts for index options were 5869899 with a total turnover of Rs. 380504.58 Crore and total numbers of contracts for stock options were 406996 with a total turnover of Rs. 27645.01 Crore.
The FIIs on 22/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4356.18 Crore and gross debt purchased stood at Rs. 2374.14 Crore, while the gross equity sold stood at Rs. 5597.19 Crore and gross debt sold stood at Rs. 2471.77 Crore. Therefore, the net investment of equity and debt reported were Rs. -1241.01 Crore and Rs. -97.63 Crore.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Asian stocks rose today even as the US Federal Reserve prepares to raise interest rates next month. Donald Trump’s win in the US Presidential elections has boosted sentiment by raising speculation that he would bolster fiscal spending which may lead to tighter monetary policy. Investors are eying key US economic data due on Wednesday including goods orders, jobless claims, house prices, manufacturing PMI and Fed minutes which may shed further light on policy tightening. Shanghai Composite and Hang Seng rose while Nikkei 225 was closed for a holiday. US stocks climbed to fresh records on Tuesday after sales of existing homes climbed to the highest level since February 2007, up 2 per cent to a 5.60 million annual rate in October, signalling momentum in the US housing market recovery.
Top traded Volumes on NSE Nifty – State Bank of India 25631435.00, ICICI Bank Ltd. 21733444.00, Hindalco Industries Ltd. 15431966.00, Bank of Baroda 15079667.00 and Bharat Heavy Electricals Ltd. 12473920.00.
On BSE, total number of shares traded was 19.48 Crore and total turnover stood at Rs. 2306.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 383584 with a total turnover of Rs. 24689.68 Crore. Along with this total number of contracts traded in stock futures were 1005139 with a total turnover of Rs. 61497.77 Crore. Total numbers of contracts for index options were 5869899 with a total turnover of Rs. 380504.58 Crore and total numbers of contracts for stock options were 406996 with a total turnover of Rs. 27645.01 Crore.
The FIIs on 22/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4356.18 Crore and gross debt purchased stood at Rs. 2374.14 Crore, while the gross equity sold stood at Rs. 5597.19 Crore and gross debt sold stood at Rs. 2471.77 Crore. Therefore, the net investment of equity and debt reported were Rs. -1241.01 Crore and Rs. -97.63 Crore.
