Pre Session-Sensex to witness positive opening; volatility may remain:21/11/2016 08:19
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to see a gap up opening on Monday as the sharp sell-off in the past five trading sessions offers investors a good bargain buying opportunity in stocks, at existing levels. Gains in the SGX Nifty Index Futures for November delivery which were trading at 8,093.5, up by 15.5 points or 0.19 per cent at 10:18 AM Singapore time, signal that the Sensex may open higher today. Volatility is expected to remain high this week at the domestic bourses as traders continue to assess the impact of demonetisation of higher value currency notes on Asia’s third biggest economy, while the expiry of the October futures & options (F&O) contracts also influences sentiment. News related to demonetization and Parliamentary proceedings will be keenly watched. Continued disruptions in the Parliament session and adverse impact on liquidity due to demonetization may weigh on sentiment at Dalal Street. Moreover, jitters over a looming US Federal Reserve interest rate hike could also impact foreign capital flows into Indian equities. Shares of Larsen & Toubro will be in focus this week as the company reveals its September quarter earnings. The 30-share Sensex last week tumbled 668.58 points, or 2.49 per cent to 26,150.24 as lingering worries over the impact of demonetization of higher value currency notes and hints of a rate hike in December by US Federal Reserve chair Janet Yellen continued to sour risk taking appetite.
Major Asian stocks rose today even as bets of a Fed rate hike in December rose while oil prices jumped as Russian President Vladimir Putin expressed hopes over a deal to freeze output. New US President Donald Trump’s vow to step up fiscal stimulus has fuelled speculation of faster Fed monetary tightening as higher infrastructure spending spurs inflation. Traders took comfort from the news that German Chancellor Angela Merkel is running for a fourth term. Shanghai Composite and Hang Seng advanced, while Nikkei 225 rose as a weaker yen bolstered the lure for exporter stocks. Wall Street ended lower on Friday as drug companies and consumer shares fell while a US leading index rose a modest 0.1 per cent in October.
Top traded Volumes on NSE Nifty – State Bank of India 13389671.00, NTPC Ltd. 11036467.00, Bank of Baroda 10883549.00, ICICI Bank Ltd. 9076303.00 and Hindalco Industries Ltd. 8775559.00.
On BSE, total number of shares traded was 18.30 Crore and total turnover stood at Rs. 2412.00 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 259079 with a total turnover of Rs. 17039.48 Crore. Along with this total number of contracts traded in stock futures were 527964 with a total turnover of Rs. 34231.99 Crore. Total numbers of contracts for index options were 4112566 with a total turnover of Rs. 269086.44 Crore and total numbers of contracts for stock options were 344634 with a total turnover of Rs. 23896.14 Crore.
The FIIs on 18/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4593.92 Crore and gross debt purchased stood at Rs. 829.32 Crore, while the gross equity sold stood at Rs. 5541.74 Crore and gross debt sold stood at Rs. 2563.37 Crore. Therefore, the net investment of equity and debt reported were Rs. -947.82 Crore and Rs. -1734.05 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Major Asian stocks rose today even as bets of a Fed rate hike in December rose while oil prices jumped as Russian President Vladimir Putin expressed hopes over a deal to freeze output. New US President Donald Trump’s vow to step up fiscal stimulus has fuelled speculation of faster Fed monetary tightening as higher infrastructure spending spurs inflation. Traders took comfort from the news that German Chancellor Angela Merkel is running for a fourth term. Shanghai Composite and Hang Seng advanced, while Nikkei 225 rose as a weaker yen bolstered the lure for exporter stocks. Wall Street ended lower on Friday as drug companies and consumer shares fell while a US leading index rose a modest 0.1 per cent in October.
Top traded Volumes on NSE Nifty – State Bank of India 13389671.00, NTPC Ltd. 11036467.00, Bank of Baroda 10883549.00, ICICI Bank Ltd. 9076303.00 and Hindalco Industries Ltd. 8775559.00.
On BSE, total number of shares traded was 18.30 Crore and total turnover stood at Rs. 2412.00 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 259079 with a total turnover of Rs. 17039.48 Crore. Along with this total number of contracts traded in stock futures were 527964 with a total turnover of Rs. 34231.99 Crore. Total numbers of contracts for index options were 4112566 with a total turnover of Rs. 269086.44 Crore and total numbers of contracts for stock options were 344634 with a total turnover of Rs. 23896.14 Crore.
The FIIs on 18/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4593.92 Crore and gross debt purchased stood at Rs. 829.32 Crore, while the gross equity sold stood at Rs. 5541.74 Crore and gross debt sold stood at Rs. 2563.37 Crore. Therefore, the net investment of equity and debt reported were Rs. -947.82 Crore and Rs. -1734.05 Crore.
