Pre Session: Gap down opening seen for Sensex and Nifty; SpiceJet in focus
11/04/2017 08:36
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to continue bearish trade on Tuesday amid geopolitical tensions while investors looked ahead to the start of earnings season, tracking mixed cues from Asian markets. IT bellwether Infosys will kick off the earnings season with its April-March quarter results on Thursday. According to sector anaylsts, the performance of IT companies might get impacted by rising rupee against the dollar, continued uncertainties over H1B visa issue and the slowing of traditional business. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,187.50, down by 22.50 points or 0.24 per cent, at 10:42 AM Singapore time, signaled a lower opening for local bourses. Globally, Asian stocks were trading mixed as investors shifted focus to safe heaven assets such as currency, bonds and treasuries, in wake of rising tensions in Middle East and political uncertainty in Europe. In the overnight trade, Wall Street ended flat with modest gain as cautioned prevailed in the market ahead of the earnings season. Back home, the market may see stock specific movement, with SpiceJet in focus after its Chairman and MD, Ajay Singh, settled a case regarding violation of corporate takeover rules with SEBI by paying Rs 2.02 lakh. Among others, Tata Motors will be in focus after auto major reported about 9 per cent growth in global sales at 1,29,951 units in March 2017, compared to 1,18,750 units in the same period last year.
On Monday, the Indian equity ended lower in choppy trade for the third straight session, weighed down by losses in IT and Teck stocks, as caution prevailed in the market ahead of the fourth quarter corporate earnings season. However, firm buying in broader markets by foreign portfolio investors, with MIDCAP and SMALCAP gaining 0.63 per cent and 0.64 per cent, respectively, capped day’s losses. On the corporate front, Tata Motors rose 1.5 per cent after auto major reported about 9 per cent growth in global sales in March at 1,29,951 units, compared to 1,18,750 units in the same period last year. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29575.74, down by 130.87 points or by 0.44 per cent, and the NSE Nifty ended at 9181.45, down by 16.85 points or by 0.18 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 10307875.00, ICICI Bank Ltd. 9450308.00, Indian Oil Corporation Ltd. 7620683.00, Reliance Industries Ltd. 7033141.00, Hindalco Industries Ltd. 6929296.00.
On NSE, total number of shares traded was 117.00 Crore and total turnover stood at Rs. 23570.11 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 147133 with a total turnover of Rs. 11061.68 Crore. Along with this total number of contracts traded in stock futures were 545912 with a total turnover of Rs. 40259.84 Crore. Total numbers of contracts for index options were 2944334 with a total turnover of Rs. 231514.48 Crore and total numbers of contracts for stock options were 337645 with a total turnover of Rs. 25365.99 Crore.
As on April 10, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 5199.54 Crore and gross debt purchased stood at Rs. 1246.29 Crore, while the gross equity sold stood at Rs. 5341.28 Crore and gross debt sold stood at Rs. 500.35 Crore. Therefore, the net investment of equity and debt reported were Rs. -141.74 Crore and Rs. 745.94.
11/04/2017 08:36
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to continue bearish trade on Tuesday amid geopolitical tensions while investors looked ahead to the start of earnings season, tracking mixed cues from Asian markets. IT bellwether Infosys will kick off the earnings season with its April-March quarter results on Thursday. According to sector anaylsts, the performance of IT companies might get impacted by rising rupee against the dollar, continued uncertainties over H1B visa issue and the slowing of traditional business. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,187.50, down by 22.50 points or 0.24 per cent, at 10:42 AM Singapore time, signaled a lower opening for local bourses. Globally, Asian stocks were trading mixed as investors shifted focus to safe heaven assets such as currency, bonds and treasuries, in wake of rising tensions in Middle East and political uncertainty in Europe. In the overnight trade, Wall Street ended flat with modest gain as cautioned prevailed in the market ahead of the earnings season. Back home, the market may see stock specific movement, with SpiceJet in focus after its Chairman and MD, Ajay Singh, settled a case regarding violation of corporate takeover rules with SEBI by paying Rs 2.02 lakh. Among others, Tata Motors will be in focus after auto major reported about 9 per cent growth in global sales at 1,29,951 units in March 2017, compared to 1,18,750 units in the same period last year.
On Monday, the Indian equity ended lower in choppy trade for the third straight session, weighed down by losses in IT and Teck stocks, as caution prevailed in the market ahead of the fourth quarter corporate earnings season. However, firm buying in broader markets by foreign portfolio investors, with MIDCAP and SMALCAP gaining 0.63 per cent and 0.64 per cent, respectively, capped day’s losses. On the corporate front, Tata Motors rose 1.5 per cent after auto major reported about 9 per cent growth in global sales in March at 1,29,951 units, compared to 1,18,750 units in the same period last year. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29575.74, down by 130.87 points or by 0.44 per cent, and the NSE Nifty ended at 9181.45, down by 16.85 points or by 0.18 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 10307875.00, ICICI Bank Ltd. 9450308.00, Indian Oil Corporation Ltd. 7620683.00, Reliance Industries Ltd. 7033141.00, Hindalco Industries Ltd. 6929296.00.
On NSE, total number of shares traded was 117.00 Crore and total turnover stood at Rs. 23570.11 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 147133 with a total turnover of Rs. 11061.68 Crore. Along with this total number of contracts traded in stock futures were 545912 with a total turnover of Rs. 40259.84 Crore. Total numbers of contracts for index options were 2944334 with a total turnover of Rs. 231514.48 Crore and total numbers of contracts for stock options were 337645 with a total turnover of Rs. 25365.99 Crore.
As on April 10, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 5199.54 Crore and gross debt purchased stood at Rs. 1246.29 Crore, while the gross equity sold stood at Rs. 5341.28 Crore and gross debt sold stood at Rs. 500.35 Crore. Therefore, the net investment of equity and debt reported were Rs. -141.74 Crore and Rs. 745.94.
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