Pre Session: Sensex, Nifty seen opening flat on mixed global cues
10/04/2017 08:28
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat with positive bias on Monday amid sustained buying by foreign portfolio investors while expectations of strong fourth quarter earnings report may fuel to the stock market rally. According to industry experts, companies will see accelerated revenue growth during January-March period on the back of stable commodity prices and improvement in consumption. Globally, Asian stocks were trading mixed as investors digested reports of geopolitical tension after a missile strike on a Syrian last Friday by the US military. Japan’s Nikkei 225 was up 0.65 per cent as falling yen boosted investor appetite. Hong Kong’s Hang Seng was trading flat with marginal gains, while China’s Shanghai Composite slipped 0.2 per cent. On Friday, Wall Street ended lower in choppy trade as market sentiment was dented by a weaker-than-expected job report and the US airstrike in Syria. Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,219.50, up by 1.00 points or 0.01 per cent, at 10:44 AM Singapore time, signaled a flat to higher opening for local bourses. On the economy front, the Confederation of Indian Industry (CCI) Business Confidence Index soared to an all-time high in the Jan-March quarter, with companies being optimistic that economic activities will gather pace this year. The significant rise in the index this quarter could be attributed to the distinct improvement in the 'Expectations Index' even as there is a marginal uptick in the 'Current Situation Index', indicating that business sentiment is strong and firms are particularly upbeat about activity in their sectors in the future, the industry body observed.
On Friday, the Indian equity ended in negative terrain for the second straight session with shares such as Reliance Industries, Sun Pharma, Lupin, Adani Ports and Dr. Reddy's Lab, were among top laggards. The investor sentiments were spooked by raising concerns of an escalating geopolitical tension after the US launched cruise missiles against an air base in Syria. On the corporate front, Reliance Industries dipped over 2 per cent after Telecom Regulatory Authority of India asked Reliance Jio to withdraw its Summer Surprise offer. Cheering the news, shares of rival companies, Bharti Airtel and Idea Cellular, gained 0.83 per cent and 0.92 per cent, respectively. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29706.61, down by 220.73 points or by 0.74 per cent, and the NSE Nifty ended at 9198.3, down by 63.65 points or by 0.69 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 17267311.00, Hindalco Industries Ltd. 14576273.00, Coal India Ltd. 11862350.00, State Bank of India 10765502.00, ITC Ltd. 9128592.00.
On NSE, total number of shares traded was 144.57 Crore and total turnover stood at Rs. 28156.27 Crore. On NSE Future and Options, total number of contracts traded in index futures was 171113 with a total turnover of Rs. 12879.85 Crore. Along with this total number of contracts traded in stock futures were 657698 with a total turnover of Rs. 49319.51 Crore. Total numbers of contracts for index options were 2739351 with a total turnover of Rs. 212878.86 Crore and total numbers of contracts for stock options were 373170 with a total turnover of Rs. 28896.88 Crore.
The FIIs on April 07, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5331.32 Crore and gross debt purchased stood at Rs. 2185.66 Crore, while the gross equity sold stood at Rs. 4890.95 Crore and gross debt sold stood at Rs. 786.01 Crore. Therefore, the net investment of equity and debt reported were Rs. 440.37 Crore and Rs. 1399.65.
10/04/2017 08:28
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Indian equities are likely to open flat with positive bias on Monday amid sustained buying by foreign portfolio investors while expectations of strong fourth quarter earnings report may fuel to the stock market rally. According to industry experts, companies will see accelerated revenue growth during January-March period on the back of stable commodity prices and improvement in consumption. Globally, Asian stocks were trading mixed as investors digested reports of geopolitical tension after a missile strike on a Syrian last Friday by the US military. Japan’s Nikkei 225 was up 0.65 per cent as falling yen boosted investor appetite. Hong Kong’s Hang Seng was trading flat with marginal gains, while China’s Shanghai Composite slipped 0.2 per cent. On Friday, Wall Street ended lower in choppy trade as market sentiment was dented by a weaker-than-expected job report and the US airstrike in Syria. Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,219.50, up by 1.00 points or 0.01 per cent, at 10:44 AM Singapore time, signaled a flat to higher opening for local bourses. On the economy front, the Confederation of Indian Industry (CCI) Business Confidence Index soared to an all-time high in the Jan-March quarter, with companies being optimistic that economic activities will gather pace this year. The significant rise in the index this quarter could be attributed to the distinct improvement in the 'Expectations Index' even as there is a marginal uptick in the 'Current Situation Index', indicating that business sentiment is strong and firms are particularly upbeat about activity in their sectors in the future, the industry body observed.
On Friday, the Indian equity ended in negative terrain for the second straight session with shares such as Reliance Industries, Sun Pharma, Lupin, Adani Ports and Dr. Reddy's Lab, were among top laggards. The investor sentiments were spooked by raising concerns of an escalating geopolitical tension after the US launched cruise missiles against an air base in Syria. On the corporate front, Reliance Industries dipped over 2 per cent after Telecom Regulatory Authority of India asked Reliance Jio to withdraw its Summer Surprise offer. Cheering the news, shares of rival companies, Bharti Airtel and Idea Cellular, gained 0.83 per cent and 0.92 per cent, respectively. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29706.61, down by 220.73 points or by 0.74 per cent, and the NSE Nifty ended at 9198.3, down by 63.65 points or by 0.69 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 17267311.00, Hindalco Industries Ltd. 14576273.00, Coal India Ltd. 11862350.00, State Bank of India 10765502.00, ITC Ltd. 9128592.00.
On NSE, total number of shares traded was 144.57 Crore and total turnover stood at Rs. 28156.27 Crore. On NSE Future and Options, total number of contracts traded in index futures was 171113 with a total turnover of Rs. 12879.85 Crore. Along with this total number of contracts traded in stock futures were 657698 with a total turnover of Rs. 49319.51 Crore. Total numbers of contracts for index options were 2739351 with a total turnover of Rs. 212878.86 Crore and total numbers of contracts for stock options were 373170 with a total turnover of Rs. 28896.88 Crore.
The FIIs on April 07, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5331.32 Crore and gross debt purchased stood at Rs. 2185.66 Crore, while the gross equity sold stood at Rs. 4890.95 Crore and gross debt sold stood at Rs. 786.01 Crore. Therefore, the net investment of equity and debt reported were Rs. 440.37 Crore and Rs. 1399.65.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
