Pre Session: Positive opening on cards for Sensex, Nifty : 21/02/2017 08:34

Pre Session: Positive opening on cards for Sensex, Nifty : 21/02/2017 08:34
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Indian equities are set to open flat to higher on Tuesday, tracking firm cues from fellow Asian peers, in lack of any major trigger on domestic front. Bullish trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,887.00, up by 11 points or 0.12 per cent, at 10:52 AM Singapore time, also signaled a positive opening for Sensex. After strong rally in the last few sessions, the market may see some volatility as investors will rollover their position ahead of February F&O expiry on Thursday. Foreign portfolio investors (FPIs) as well as domestic institutional investors remained bullish on Indian equities and extended their exposure to Indian market. With corporate earnings season come to an end, traders will shift focus to 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. On the global front, Asian stocks were trading higher, while Wall Street remained closed on eve of Presidents’ Day. Back home, the market may see stocks specific movement with Unitech in focus after the Supreme Court asked the company to pay interest to home buyers for its delayed Vistas project in Gurgaon.

On Monday, the key equity benchmarks continued gaining momentum for the third consecutive session as investors engaged in broad-based buying, tracking firm cues from fellow Asian peers. Telecom stocks hogged the limelight on merger buzz with Idea Cellular rallied 2.5 per cent on report that Vodafone may soon finalize merger deal with the company. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28661.58, up by 192.83 points or by 0.68 per cent, and the NSE Nifty ended at 8879.2, up by 57.5 points or by 0.65 per cent.

Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 23233290.00, Hindalco Industries Ltd. 17874216.00, State Bank of India 9229363.00, ICICI Bank Ltd. 9043256.00, Oil And Natural Gas Corporation Ltd. 8954741.00. On NSE, total number of shares traded was 120.40 Crore and total turnover stood at Rs. 19603.70 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 223401 with a total turnover of Rs. 15868.70 Crore. Along with this total number of contracts traded in stock futures were 1062383 with a total turnover of Rs. 74929.51 Crore. Total numbers of contracts for index options were 3752151 with a total turnover of Rs. 268738.18 Crore and total numbers of contracts for stock options were 481765 with a total turnover of Rs. 36619.81 Crore.

As on February 20, 2017, the FIIs stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 13274.72 Crore and gross debt purchased stood at Rs. 487.71 Crore, while the gross equity sold stood at Rs. 5215.43 Crore and gross debt sold stood at Rs. 437.32 Crore. Therefore, the net investment of equity and debt reported were Rs. 8059.29 Crore and Rs. 50.39.