Pre-Session- Gap up opening seen for Sensex; consumer inflation data eyed : 15/11/2016 08:30
Indian equity benchmarks are likely to witness a bullish opening on Tuesday tracking a mostly positive trade across markets in Asia even as risks remained with investors assessing the fallout of Donald’s Trump’s win in the US Presidential elections with his fiscal stimulus plans likely to bolster US economic growth and inflation, which could spur faster interest rate increases in the world’s biggest economy. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,223, up by 16.5 points or 0.20 per cent at 10:38 AM Singapore time, signal that the Sensex may open higher today. Shares of Tata Motors will be in focus today as the company on Monday, which was a trading holiday, reported a consolidated net profit of Rs 848 crore in Q2 FY 2016-17, compared to a net loss of Rs 1,740 crore in the year ago quarter, amid strong sales of the Jaguar Land Rover, its British arm. The focus will also be on the consumer inflation data for October which may show a further easing of price pressures in Asia’s third biggest economy, bolstering the case for another interest rate cut by the RBI in the coming months. India’s consumer inflation may have eased to 3.8 per cent in October 2016 from 4.3 per cent in September 2016. Investors will react to the IIP data released on Friday, which showed that Indian industrial output contracted by 0.8 per cent in September 2016, year -on-year, with a 3.1 per cent decline in manufacturing output. Traders will continue to keep an eye over the short-term effects of the government’s move to demonetize Rs 500 and Rs 1000 notes which is weighing on consumption. Prime Minister Narendra Modi has said that there are more stringent measures in the offing with his aim to curb corruption in the economy. The 30-share Sensex last week fell over 2.5 per cent to end at 26,818.82, as a Trump win took global markets by surprise.
Asian stocks were trading mostly higher tracking a flattish finish overnight at Wall Street as speculation rose that Trump’s plan to bolster infrastructure spending may trigger US interest rate hikes as growth and inflation accelerate. Shanghai Composite was tad higher, Hang Seng rose and Nikkei 225 fell as a stronger yen curbed the lure for exporter stocks.
Top traded Volumes on NSE Nifty – State Bank of India 57937113.00, ICICI Bank Ltd. 30033321.00, Bank of Baroda 20909685.00, Hindalco Industries Ltd. 13455096.00 and Sun Pharmaceutical Industries Ltd. 13184334.00.
On BSE, total number of shares traded was 24.85 Crore and total turnover stood at Rs. 3352.84 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 382205 with a total turnover of Rs. 26075.48 Crore. Along with this total number of contracts traded in stock futures were 704444 with a total turnover of Rs. 48457.51 Crore. Total numbers of contracts for index options were 4824639 with a total turnover of Rs. 322862.10 Crore and total numbers of contracts for stock options were 587750 with a total turnover of Rs. 42453.66 Crore.
The FIIs on 11/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5667.07 Crore and gross debt purchased stood at Rs. 2518.43 Crore, while the gross equity sold stood at Rs. 6296.94 Crore and gross debt sold stood at Rs. 1032.15 Crore. Therefore, the net investment of equity and debt reported were Rs. -629.87 Crore and Rs. 1486.28 Crore.
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BANKNIFTY FUT TREND : SELL ZONE
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Indian equity benchmarks are likely to witness a bullish opening on Tuesday tracking a mostly positive trade across markets in Asia even as risks remained with investors assessing the fallout of Donald’s Trump’s win in the US Presidential elections with his fiscal stimulus plans likely to bolster US economic growth and inflation, which could spur faster interest rate increases in the world’s biggest economy. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,223, up by 16.5 points or 0.20 per cent at 10:38 AM Singapore time, signal that the Sensex may open higher today. Shares of Tata Motors will be in focus today as the company on Monday, which was a trading holiday, reported a consolidated net profit of Rs 848 crore in Q2 FY 2016-17, compared to a net loss of Rs 1,740 crore in the year ago quarter, amid strong sales of the Jaguar Land Rover, its British arm. The focus will also be on the consumer inflation data for October which may show a further easing of price pressures in Asia’s third biggest economy, bolstering the case for another interest rate cut by the RBI in the coming months. India’s consumer inflation may have eased to 3.8 per cent in October 2016 from 4.3 per cent in September 2016. Investors will react to the IIP data released on Friday, which showed that Indian industrial output contracted by 0.8 per cent in September 2016, year -on-year, with a 3.1 per cent decline in manufacturing output. Traders will continue to keep an eye over the short-term effects of the government’s move to demonetize Rs 500 and Rs 1000 notes which is weighing on consumption. Prime Minister Narendra Modi has said that there are more stringent measures in the offing with his aim to curb corruption in the economy. The 30-share Sensex last week fell over 2.5 per cent to end at 26,818.82, as a Trump win took global markets by surprise.
Asian stocks were trading mostly higher tracking a flattish finish overnight at Wall Street as speculation rose that Trump’s plan to bolster infrastructure spending may trigger US interest rate hikes as growth and inflation accelerate. Shanghai Composite was tad higher, Hang Seng rose and Nikkei 225 fell as a stronger yen curbed the lure for exporter stocks.
Top traded Volumes on NSE Nifty – State Bank of India 57937113.00, ICICI Bank Ltd. 30033321.00, Bank of Baroda 20909685.00, Hindalco Industries Ltd. 13455096.00 and Sun Pharmaceutical Industries Ltd. 13184334.00.
On BSE, total number of shares traded was 24.85 Crore and total turnover stood at Rs. 3352.84 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 382205 with a total turnover of Rs. 26075.48 Crore. Along with this total number of contracts traded in stock futures were 704444 with a total turnover of Rs. 48457.51 Crore. Total numbers of contracts for index options were 4824639 with a total turnover of Rs. 322862.10 Crore and total numbers of contracts for stock options were 587750 with a total turnover of Rs. 42453.66 Crore.
The FIIs on 11/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5667.07 Crore and gross debt purchased stood at Rs. 2518.43 Crore, while the gross equity sold stood at Rs. 6296.94 Crore and gross debt sold stood at Rs. 1032.15 Crore. Therefore, the net investment of equity and debt reported were Rs. -629.87 Crore and Rs. 1486.28 Crore.
