Pre-Session-Sensex set to open higher on global cues; rate cut hopes:16/11/2016 08:25
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap up opening tracking a positive trend across most Asian markets and a bullish finish at Wall Street overnight as the effect of Donald Trump’s shocking win in the US elections waned while oil prices rose on OPEC’s efforts to agree on output cuts. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,210, up by 95 points or 1.16 per cent at 10:34 AM Singapore time, signal that the Sensex may open higher today. Shares of Voltas and Engineers India will be in focus as these companies reveal their September quarter earnings. A retreat in India’s consumer inflation to a 14-month low at 4.2 per cent in October 2016 from 4.31 per cent in September 2016 may bolster Dalal Street investor sentiment by raising hopes of another interest rate cut in the near future. Meanwhile, wholesale inflation eased to 3.39 per cent in October 2016 from 3.57 per cent in September 2016 as food prices softened. The 30-share Sensex tanked by 514.19 points or by 1.92 per cent on Tuesday to end at 26,304.63 amid sustained foreign fund outflows coupled with weakening trend globally as investors remained wary over short-term concerns.
Barring China’s Shanghai Composite, Asian stocks rose today as the Donald Trump shock faded while robust US retail sales data signaled a pickup in the world’s biggest economy, bolstering risk taking appetite. Hang Seng climbed and Nikkei 225 advanced over 1 per cent. US stocks rose on Tuesday with the Dow Jones Industrial Average marking a seven-day winning streak on a surge in energy stocks and a rebound in technology shares. US retail sales climbed 0.8 per cent in October from September when they rose 1 per cent, bolstering the case for a Fed December interest rate hike.
Top traded Volumes on NSE Nifty – State Bank of India 48658808.00, Bank of Baroda 45412145.00, ICICI Bank Ltd. 34510441.00, Hindalco Industries Ltd. 30748024.00 and ITC Ltd. 21196400.00.
On BSE, total number of shares traded was 37.08 Crore and total turnover stood at Rs. 6529.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 405042 with a total turnover of Rs. 27042.54 Crore. Along with this total number of contracts traded in stock futures were 738102 with a total turnover of Rs. 48800.78 Crore. Total numbers of contracts for index options were 5283156 with a total turnover of Rs. 351390.60 Crore and total numbers of contracts for stock options were 536629 with a total turnover of Rs. 38108.92 Crore.
The FIIs on 15/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 5106.18 Crore and gross debt purchased stood at Rs. 1137.40 Crore, while the gross equity sold stood at Rs. 6538.52 Crore and gross debt sold stood at Rs. 2233.88 Crore. Therefore, the net investment of equity and debt reported were Rs. -1432.34 Crore and Rs. -1096.48 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Barring China’s Shanghai Composite, Asian stocks rose today as the Donald Trump shock faded while robust US retail sales data signaled a pickup in the world’s biggest economy, bolstering risk taking appetite. Hang Seng climbed and Nikkei 225 advanced over 1 per cent. US stocks rose on Tuesday with the Dow Jones Industrial Average marking a seven-day winning streak on a surge in energy stocks and a rebound in technology shares. US retail sales climbed 0.8 per cent in October from September when they rose 1 per cent, bolstering the case for a Fed December interest rate hike.
Top traded Volumes on NSE Nifty – State Bank of India 48658808.00, Bank of Baroda 45412145.00, ICICI Bank Ltd. 34510441.00, Hindalco Industries Ltd. 30748024.00 and ITC Ltd. 21196400.00.
On BSE, total number of shares traded was 37.08 Crore and total turnover stood at Rs. 6529.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 405042 with a total turnover of Rs. 27042.54 Crore. Along with this total number of contracts traded in stock futures were 738102 with a total turnover of Rs. 48800.78 Crore. Total numbers of contracts for index options were 5283156 with a total turnover of Rs. 351390.60 Crore and total numbers of contracts for stock options were 536629 with a total turnover of Rs. 38108.92 Crore.
The FIIs on 15/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 5106.18 Crore and gross debt purchased stood at Rs. 1137.40 Crore, while the gross equity sold stood at Rs. 6538.52 Crore and gross debt sold stood at Rs. 2233.88 Crore. Therefore, the net investment of equity and debt reported were Rs. -1432.34 Crore and Rs. -1096.48 Crore.
