Pre Session: Gap up opening seen for Sensex, Nifty; OMCs in focus
07/04/2017 08:19
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Friday as parliament passed the key GST legislations paving the way for long-pending new tax regime, while markets positive reaction to RBI’s monetary policy review may also inject positivity among investors. Globally, Asian stocks were trading positive as Wall Street ended higher in overnight trade after a US Fed official hinted of a slow rate hikes to shrink Balance Sheet. However, negative trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,214.00, down by 53.00 points or 0.58 per cent, at 10:32 AM Singapore time, signaled a gap down opening for Sensex. The oil marketing companies, such as OIL, IOC, BPCL and HPCL, would remain in focus as they plan to review prices daily to align them with international prices. On the economy front, India’s services PMI registered second straight month of growth in March, driven by strong rise in new work orders amid softer inflationary pressures, a monthly survey showed. The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March. The RBI on Thursday kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent, while it raised the reverse repo rate by 25 basis points to 6 per cent to drain excess of liquidity in the system. In a boost to economy, the RBI has raised its outlook for GDP growth to 7.4 per cent in this fiscal from 6.7 per cent last year. For 2017-18, inflation is projected to average 4.5 per cent in the first half of the year and 5 per cent in the second half.On Thursday, the Indian equity ended tad lower as investors resorted to profit booking following recent strong gains, tracking weak cues from fellow Asian peers. The market saw some recovery after the Reserve Bank of India kept policy repo rates unchanged in its first bi-monthly monetary policy of this fiscal year, with the objective to bring down headline inflation and combat rising global oil and commodity prices. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29927.34, down by 46.9 points or by 0.16 per cent, and the NSE Nifty ended at 9261.95, down by 3.2 points or by 0.03 per cent. Top traded Volumes on NSE Nifty were State Bank of India 18413111.00, Hindalco Industries Ltd. 15667730.00, ITC Ltd. 15641571.00, ICICI Bank Ltd. 15468143.00, Reliance Industries Ltd. 11571075.00. On NSE, total number of shares traded was 135.08 Crore and total turnover stood at Rs. 25422.94 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 189103 with a total turnover of Rs. 14455.73 Crore. Along with this total number of contracts traded in stock futures were 623210 with a total turnover of Rs. 47662.13 Crore. Total numbers of contracts for index options were 6585918 with a total turnover of Rs. 549152.85 Crore and total numbers of contracts for stock options were 366666 with a total turnover of Rs. 28776.56 Crore. The FIIs on April 06, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 7909.95 Crore and gross debt purchased stood at Rs. 5168.25 Crore, while the gross equity sold stood at Rs. 7428.83 Crore and gross debt sold stood at Rs. 1781.52 Crore. Therefore, the net investment of equity and debt reported were Rs. 481.12 Crore and Rs. 3386.73.
07/04/2017 08:19
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Friday as parliament passed the key GST legislations paving the way for long-pending new tax regime, while markets positive reaction to RBI’s monetary policy review may also inject positivity among investors. Globally, Asian stocks were trading positive as Wall Street ended higher in overnight trade after a US Fed official hinted of a slow rate hikes to shrink Balance Sheet. However, negative trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,214.00, down by 53.00 points or 0.58 per cent, at 10:32 AM Singapore time, signaled a gap down opening for Sensex. The oil marketing companies, such as OIL, IOC, BPCL and HPCL, would remain in focus as they plan to review prices daily to align them with international prices. On the economy front, India’s services PMI registered second straight month of growth in March, driven by strong rise in new work orders amid softer inflationary pressures, a monthly survey showed. The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March. The RBI on Thursday kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent, while it raised the reverse repo rate by 25 basis points to 6 per cent to drain excess of liquidity in the system. In a boost to economy, the RBI has raised its outlook for GDP growth to 7.4 per cent in this fiscal from 6.7 per cent last year. For 2017-18, inflation is projected to average 4.5 per cent in the first half of the year and 5 per cent in the second half.On Thursday, the Indian equity ended tad lower as investors resorted to profit booking following recent strong gains, tracking weak cues from fellow Asian peers. The market saw some recovery after the Reserve Bank of India kept policy repo rates unchanged in its first bi-monthly monetary policy of this fiscal year, with the objective to bring down headline inflation and combat rising global oil and commodity prices. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29927.34, down by 46.9 points or by 0.16 per cent, and the NSE Nifty ended at 9261.95, down by 3.2 points or by 0.03 per cent. Top traded Volumes on NSE Nifty were State Bank of India 18413111.00, Hindalco Industries Ltd. 15667730.00, ITC Ltd. 15641571.00, ICICI Bank Ltd. 15468143.00, Reliance Industries Ltd. 11571075.00. On NSE, total number of shares traded was 135.08 Crore and total turnover stood at Rs. 25422.94 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 189103 with a total turnover of Rs. 14455.73 Crore. Along with this total number of contracts traded in stock futures were 623210 with a total turnover of Rs. 47662.13 Crore. Total numbers of contracts for index options were 6585918 with a total turnover of Rs. 549152.85 Crore and total numbers of contracts for stock options were 366666 with a total turnover of Rs. 28776.56 Crore. The FIIs on April 06, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 7909.95 Crore and gross debt purchased stood at Rs. 5168.25 Crore, while the gross equity sold stood at Rs. 7428.83 Crore and gross debt sold stood at Rs. 1781.52 Crore. Therefore, the net investment of equity and debt reported were Rs. 481.12 Crore and Rs. 3386.73.
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