Pre-Session-No respite seen for Dalal Street as global worries mount:04/11/2016 08:32
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Friday tracking a sluggish trend in Asia and a bearish finish at Wall Street overnight as crude oil prices held near a one-month low at below USD 45 per barrel while heightened anxiety ahead of the US Presidential elections next week curbed risk taking appetite. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,492, down by 27 points or 0.32 per cent at 10:34 AM Singapore time, signal that the Sensex may open lower today. Investors are on the edge with polls showing tightening race for the White House, while sinking oil prices and Brexit uncertainty following a court order allowing Britain’s Parliament to hold a vote before starting the countdown to Brexit have marred the appetite for risky assets with investors seeking to take shelter in safe havens. The focus will on the shares of Central Bank of India, Pfizer and Union Bank of India as they reveal their September quarter earnings numbers. A quicker expansion in India’s services activity last month signals a pickup in Asia’s third biggest economy. Indian services gauge climbed to 54.5 in October 2016 from 52 in September 2016, with a reading above 50 signaling expansion. Marking a fourth straight session in the red, the 30-share Sensex on Thursday closed at 27,430.28, down by 96.94 points or by 0.35 per cent with investors across the globe on tenterhooks amid uncertainty surrounding the US Presidential elections.
Asian stocks were trading mixed as investor sentiment remained cautious ahead of looming US Presidential elections with latest polls showing that Hillary Clinton was only narrowly ahead of her Republican rival Donald Trump. Uncertainty over Brexit following a landmark court ruling on Thursday which left Theresa May’s Brexit plan in tatters and could lead to a snap UK election also made traders nervous. Further, the Bank of England said that it is unlikely to cut interest rates this year while investors are eying the US October payrolls data to be released on Friday which may show accelerating job growth, calling for higher interest rates soon. Shanghai Composite rose led by gains in industrial firms on government’s plans to bolster spending on railways and bridges. Hang Seng was flat and Nikkei 225 tumbled over 1 per cent as a stronger yen curbed the lure for exporter stocks. US stocks fell on Thursday with benchmark S&P 500 marking its longest stretch of losses since 2008 as US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 26147206.00, State Bank of India 12902390.00, ICICI Bank Ltd. 11349716.00, ITC Ltd. 8868972.00 and Tata Steel Ltd. 8494155.00.
On BSE, total number of shares traded was 30.13 Crore and total turnover stood at Rs. 3202.46 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 198203 with a total turnover of Rs. 13624.51 Crore. Along with this total number of contracts traded in stock futures were 524126 with a total turnover of Rs. 36288.00 Crore. Total numbers of contracts for index options were 5810164 with a total turnover of Rs. 430663.78 Crore and total numbers of contracts for stock options were 287215 with a total turnover of Rs. 20825.86 Crore.
The FIIs on 03/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3695.41 Crore and gross debt purchased stood at Rs. 723.30 Crore, while the gross equity sold stood at Rs. 4309.18 Crore and gross debt sold stood at Rs. 603.06 Crore. Therefore, the net investment of equity and debt reported were Rs. -613.77 Crore and Rs. 120.24 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Asian stocks were trading mixed as investor sentiment remained cautious ahead of looming US Presidential elections with latest polls showing that Hillary Clinton was only narrowly ahead of her Republican rival Donald Trump. Uncertainty over Brexit following a landmark court ruling on Thursday which left Theresa May’s Brexit plan in tatters and could lead to a snap UK election also made traders nervous. Further, the Bank of England said that it is unlikely to cut interest rates this year while investors are eying the US October payrolls data to be released on Friday which may show accelerating job growth, calling for higher interest rates soon. Shanghai Composite rose led by gains in industrial firms on government’s plans to bolster spending on railways and bridges. Hang Seng was flat and Nikkei 225 tumbled over 1 per cent as a stronger yen curbed the lure for exporter stocks. US stocks fell on Thursday with benchmark S&P 500 marking its longest stretch of losses since 2008 as US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 26147206.00, State Bank of India 12902390.00, ICICI Bank Ltd. 11349716.00, ITC Ltd. 8868972.00 and Tata Steel Ltd. 8494155.00.
On BSE, total number of shares traded was 30.13 Crore and total turnover stood at Rs. 3202.46 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 198203 with a total turnover of Rs. 13624.51 Crore. Along with this total number of contracts traded in stock futures were 524126 with a total turnover of Rs. 36288.00 Crore. Total numbers of contracts for index options were 5810164 with a total turnover of Rs. 430663.78 Crore and total numbers of contracts for stock options were 287215 with a total turnover of Rs. 20825.86 Crore.
The FIIs on 03/11/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3695.41 Crore and gross debt purchased stood at Rs. 723.30 Crore, while the gross equity sold stood at Rs. 4309.18 Crore and gross debt sold stood at Rs. 603.06 Crore. Therefore, the net investment of equity and debt reported were Rs. -613.77 Crore and Rs. 120.24 Crore.
