Pre Session- Sensex may open lower; F&O expiry eyed : 24/11/2016 08:24
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Thursday, the day of the November derivative contracts expiry. Mixed cues from fellow Asian stocks with speculation of a December US Federal Reserve interest rate hike rising may also curb risk taking appetite. Losses in the SGX Nifty Index Futures for November delivery which were trading at 7,964, down by 44.5 points or 0.56 per cent at 10:34 AM Singapore time, signal that the Sensex may open on a negative note today.Worries over a reduction in India’s GDP growth in the current fiscal amid the demonetisation move which is set to take a toll on short-term consumption, and looming US monetary tightening may impact foreign capital flows to Asia’s third biggest economy. Shares of Aditya Birla Fashion and Retail Ltd will be in focus today as the company reveals its September quarter earnings data. Volatility may remain at the domestic bourses as traders roll over their positions amidst the November futures & options (F&O) expiry today. Marking a second straight rally, the 30-share Sensex on Wednesday gained 91.03 points or by 0.35 per cent at 26,051.81 amid upbeat global cues.
Asian stocks were mixed after Fed minutes showed that officials saw a stronger case for monetary tightening relatively soon amid an improvement in the labour market, with some FOMC members calling for an interest rate hike as soon as December. Shanghai Composite and Hang Seng were lower while Nikkei 225 jumped as a weaker yen bolstered the appeal of exporter stocks. US stocks ended mostly higher on Wednesday with the Dow Jones Industrial Average registering a fresh high amid optimism that the world’s biggest economy can withstand higher interest rates. US durable goods orders rose 4.8 per cent in October while a manufacturing gauge surged to 53.9 in November from 53.4 in October, as factories boosted production by the most since March 2015.
Top traded Volumes on NSE Nifty – State Bank of India 16190033.00, Hindalco Industries Ltd. 15975588.00, ICICI Bank Ltd. 15595314.00, ITC Ltd. 10322937.00 and Bharat Heavy Electricals Ltd. 8953076.00.
On BSE, total number of shares traded was 20.70 Crore and total turnover stood at Rs. 2499.34 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 383354 with a total turnover of Rs. 24523.07 Crore. Along with this total number of contracts traded in stock futures were 1233383 with a total turnover of Rs. 75897.07 Crore. Total numbers of contracts for index options were 6281378 with a total turnover of Rs. 407323.03 Crore and total numbers of contracts for stock options were 391796 with a total turnover of Rs. 26984.36 Crore.
The FIIs on 23/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4447.76 Crore and gross debt purchased stood at Rs. 1180.79 Crore, while the gross equity sold stood at Rs. 5122.36 Crore and gross debt sold stood at Rs. 1825.69 Crore. Therefore, the net investment of equity and debt reported were Rs. -674.60 Crore and Rs. -644.90 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Asian stocks were mixed after Fed minutes showed that officials saw a stronger case for monetary tightening relatively soon amid an improvement in the labour market, with some FOMC members calling for an interest rate hike as soon as December. Shanghai Composite and Hang Seng were lower while Nikkei 225 jumped as a weaker yen bolstered the appeal of exporter stocks. US stocks ended mostly higher on Wednesday with the Dow Jones Industrial Average registering a fresh high amid optimism that the world’s biggest economy can withstand higher interest rates. US durable goods orders rose 4.8 per cent in October while a manufacturing gauge surged to 53.9 in November from 53.4 in October, as factories boosted production by the most since March 2015.
Top traded Volumes on NSE Nifty – State Bank of India 16190033.00, Hindalco Industries Ltd. 15975588.00, ICICI Bank Ltd. 15595314.00, ITC Ltd. 10322937.00 and Bharat Heavy Electricals Ltd. 8953076.00.
On BSE, total number of shares traded was 20.70 Crore and total turnover stood at Rs. 2499.34 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 383354 with a total turnover of Rs. 24523.07 Crore. Along with this total number of contracts traded in stock futures were 1233383 with a total turnover of Rs. 75897.07 Crore. Total numbers of contracts for index options were 6281378 with a total turnover of Rs. 407323.03 Crore and total numbers of contracts for stock options were 391796 with a total turnover of Rs. 26984.36 Crore.
The FIIs on 23/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4447.76 Crore and gross debt purchased stood at Rs. 1180.79 Crore, while the gross equity sold stood at Rs. 5122.36 Crore and gross debt sold stood at Rs. 1825.69 Crore. Therefore, the net investment of equity and debt reported were Rs. -674.60 Crore and Rs. -644.90 Crore.
