Pre Session: Markets may open higher as Fed raises interest rates 16/03/2017 08:27

Pre Session: Markets may open higher as Fed raises interest rates
16/03/2017 08:27
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND : BUY ZONE


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The Indian benchmarks are set to open higher on Thursday after the US Federal Reserve decided to stay on course and increase interest rates for the second time in three months.

Asian markets have opened mostly higher following Wall Street's higher close after the Federal Reserve raised rates but kept a dovish stance, while Wall Street closed higher after the US Federal Reserve on expected lines decided to increase rates by 25 bps for the second time in three months.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9179, up by 69.50 points or 0.76 per cent, at 10:54 AM Singapore time, signaled a positive opening for the domestic bourses.

On Wednesday, the Indian benchmark indices ended the day in red as investors’ awaited Federal Reserve rate decision. Caution also prevailed ahead of GST Council meet on Thursday. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29398.11, down by 44.52 points or by 0.15 per cent, and the NSE Nifty ended at 9084.8, down by 2.2 points or by 0.02 per cent. Top traded Volumes on NSE Nifty – Idea Cellular Ltd. 62998448.00, State Bank of India 20055974.00, ITC Ltd. 13938663.00, ICICI Bank Ltd. 12195315.00, Bank of Baroda 11715430.00. On NSE, total number of shares traded was 122.95 Crore and total turnover stood at Rs. 24615.85 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 141039 with a total turnover of Rs. 10600.14 Crore. Along with this total number of contracts traded in stock futures were 601040 with a total turnover of Rs. 44556.20 Crore. Total numbers of contracts for index options were 3406022 with a total turnover of Rs. 267589.94 Crore. and total numbers of contracts for stock options were 358098 with a total turnover of Rs. 26929.42 Crore.The FIIs on 15/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 10237.09 Crore and gross debt purchased stood at Rs. 1144.60 Crore, while the gross equity sold stood at Rs. 5927.60 Crore and gross debt sold stood at Rs. 1153.81 Crore. Therefore, the net investment of equity and debt reported were Rs. 4309.49 Crore and Rs. -9.21

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