Pre-Session- Gap up opening seen for Sensex as global equities rebound from ‘Trump’ win shock
10/11/2016 08:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equity benchmarks are likely to open on a positive note on Thursday tracking strength across markets in Asia and a bullish finish at Wall Street overnight amid hopes that the new US President Donald Trump may pursue business friendly policies, bolstering risk taking appetite. After the initial shock, traders are reassessing Trump’s win in the US Presidential elections, hoping that the 45th US President may undertake some tax cuts and fiscal stimulus, which will be good for corporate earnings and equities. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,500.5, up by 46.5 points or 0.55 per cent at 10:24 AM Singapore time, signal that the Sensex may open higher today. Shares of Bank of India will be in focus as it reveals its September quarter earnings while traders will react to the report card of drug firm Cipla which on Wednesday reported that Q2 net profit fell 34.8 per cent at Rs 354 crore from a year ago. Meanwhile, the demonetization of the Rs 500 and Rs 1,000 notes may be a short-term negative for consumption, but it will have a long-term positive impact on investment and demand. The 30-share Sensex on Wednesday crashed 338.61 points or by 1.23 per cent to 27,252.53 as Donald Trump’s win in the race for the White House sent initial shockwaves to equities worldwide while traders reacted to the government’s decision to ban Rs 500 and Rs 1000 notes in a bid to crackdown on black money.
Asian stocks surged today following a strong rally at Wall Street on Wednesday amid optimism that he may pursue a pro-business friendly agenda and may increase fiscal spending to prop up US economic growth. Shanghai Composite rose 1.2 per cent, Hang Seng was up 1.7 per cent while Nikkei 225 spiked over 5 per cent as a weaker yen bolstered the appeal of exporter stocks.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 46413698.00, State Bank of India 31761606.00, ITC Ltd. 23027306.00, Bharat Heavy Electricals Ltd. 15564889.00 and Sun Pharmaceutical Industries Ltd. 14963330.00.
On BSE, total number of shares traded was 91.18 Crore and total turnover stood at Rs. 10717.55 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 690315 with a total turnover of Rs. 45827.67 Crore. Along with this total number of contracts traded in stock futures were 886518 with a total turnover of Rs. 56710.03 Crore. Total numbers of contracts for index options were 8885782 with a total turnover of Rs. 600196.24 Crore. and total numbers of contracts for stock options were 627577 with a total turnover of Rs. 42684.04 Crore.
The FIIs on 09/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3848.00 Crore and gross debt purchased stood at Rs. 1062.99 Crore, while the gross equity sold stood at Rs. 3528.40 Crore and gross debt sold stood at Rs. 811.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 319.60 Crore and Rs. 251.74 Crore.
10/11/2016 08:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Asian stocks surged today following a strong rally at Wall Street on Wednesday amid optimism that he may pursue a pro-business friendly agenda and may increase fiscal spending to prop up US economic growth. Shanghai Composite rose 1.2 per cent, Hang Seng was up 1.7 per cent while Nikkei 225 spiked over 5 per cent as a weaker yen bolstered the appeal of exporter stocks.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 46413698.00, State Bank of India 31761606.00, ITC Ltd. 23027306.00, Bharat Heavy Electricals Ltd. 15564889.00 and Sun Pharmaceutical Industries Ltd. 14963330.00.
On BSE, total number of shares traded was 91.18 Crore and total turnover stood at Rs. 10717.55 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 690315 with a total turnover of Rs. 45827.67 Crore. Along with this total number of contracts traded in stock futures were 886518 with a total turnover of Rs. 56710.03 Crore. Total numbers of contracts for index options were 8885782 with a total turnover of Rs. 600196.24 Crore. and total numbers of contracts for stock options were 627577 with a total turnover of Rs. 42684.04 Crore.
The FIIs on 09/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3848.00 Crore and gross debt purchased stood at Rs. 1062.99 Crore, while the gross equity sold stood at Rs. 3528.40 Crore and gross debt sold stood at Rs. 811.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 319.60 Crore and Rs. 251.74 Crore.
