Pre Session: Flat opening on cards for Sensex, Nifty : 15/02/2017 08:33

Pre Session: Flat opening on cards for Sensex, Nifty : 15/02/2017 08:33
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Indian equities are set to open flat with positive bias on Wednesday amid looming fear that US Federal Reserve may hike interest rate in the next meeting. However, rally in crude prices, firm trading in fellow Asian markets and strong closing of the Wall Street in overnight trade may gave a lift to market sentiments. Bullish trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,835.00, up by 14 points or 0.16 per cent, at 10:52 AM Singapore time, also signaled a flat to higher opening for Sensex. Traders also awaited the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms, which will set future direction for markets. Adding to it, sustained buying by foreign portfolio investors may also support market as they rush to avail treaty tax benefit before April 01. The investors will react to wholesale price index (WPI) data for January which spiked to 5.25 per cent compared with 3.39 per cent for the previous month and minus (-) 1.07 per cent for the same month of previous year. On the corporate earnings front, 13 companies will release their financial report which includes big names such as, Nestle India, Gammon India and Raj Television Network.

The key domestic benchmarks ended lackluster trading session with marginal losses on Tuesday as investors resorted to profit booking in absence of any major trigger on domestic and global front. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28339.31, down by 12.31 points or by 0.04 per cent, and the NSE Nifty ended at 8792.3, down by 12.75 points or by 0.14 per cent.

Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 20056250.00, Bank of Baroda 16667658.00, Tata Motors Ltd. 14901414.00, State Bank of India 13306738.00, Hindalco Industries Ltd. 11938838.00.

On NSE, total number of shares traded was 108.38 Crore and total turnover stood at Rs. 19942.50 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 154277 with a total turnover of Rs. 11062.16 Crore. Along with this total number of contracts traded in stock futures were 551590 with a total turnover of Rs. 40392.43 Crore. Total numbers of contracts for index options were 3142074 with a total turnover of Rs. 231751.74 Crore and total numbers of contracts for stock options were 439029 with a total turnover of Rs. 33369.33 Crore.

As on February 14, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 3893.35 Crore and gross debt purchased stood at Rs. 990.26 Crore, while the gross equity sold stood at Rs. 3575.50 Crore and gross debt sold stood at Rs. 221.52 Crore. Therefore, the net investment of equity and debt reported were Rs. 317.85 Crore and Rs. 768.74.