Pre Session: Positive opening on cards for Sensex, Nifty; Hero MotoCorp Q4 eyed
10/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open in positive territory on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets after Wall Street ended lower in overnight trade. The investor sentiments were spooked by mounting geo-political tension on North Korea front and US President Donald Trump's abrupt dismissal of the FBI Director James Comey. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,365.50, up by 15.50 points or 0.17 per cent, at 10:42 AM Singapore time, also signaled a positive opening for local bourses. The India Meteorological Department’s forecast of higher-than-expected monsoon this year may also fuel rally in the domestic market as it would boost economic growth. Investors will react to earnings report of Bharti Airtel after telecom major reported a 72 per cent fall in net profits at Rs 373 crore for the fourth quarter ended March 31, weighed down by rival Reliance Jio’s aggressive pricing strategy. On the corporate front, Hero MotoCorp, Zee Entertainment, Bharat Dalmia, Phoenix Mills, Siemens, MIC Electronics and Kirloskar Oil Engines will remain in focus as they will unveil March quarter earnings report today. Among others, Housing and Urban Development Corporation (Hudco) initial public offering got subscribed 3 times on the second day of the public offer on Tuesday.
On Tuesday, the key benchmarks ended flat with marginal gains, helped by strong buying across capital goods, metal and power stocks, tracking mixed cues from Asian peers after the Wall Street ended flat in overnight trade. The market gains were restricted as traders awaited corporate earnings of index heavyweights, Bharti Airtel, Petronet LNG, InterGlobe Aviation and Future Retail due later today and Hero MotoCorp tomorrow. Adding to it, selling across consumer durables and banking stocks also restricted upmove. The 30-share barometer SENSEX closed at 29933.25, up by 7.1 points or by 0.02 per cent, and the NSE Nifty ended at 9316.85, up by 2.8 points or by 0.03 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 13812893.00, Hindalco Industries Ltd. 1355111.00, Axis Bank Ltd. 7872272.00, State Bank of India 7843574.00, ITC Ltd. 6748832.00.
On NSE, total number of shares traded was 123.62 Crore and total turnover stood at Rs. 23564.99 Crore. On NSE Future and Options, total number of contracts traded in index futures was 123408 with a total turnover of Rs. 9683.56 Crore. Along with this total number of contracts traded in stock futures were 644598 with a total turnover of Rs. 48239.21 Crore. Total numbers of contracts for index options were 2926464 with a total turnover of Rs. 244145.70 Crore and total numbers of contracts for stock options were 365456 with a total turnover of Rs. 28569.05 Crore.
As on May 09, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 3364.40 Crore and gross debt purchased stood at Rs. 1203.77 Crore, while the gross equity sold stood at Rs. 3945.75 Crore and gross debt sold stood at Rs. 163.73 Crore. Therefore, the net investment of equity and debt reported were Rs. -581.35 Crore and Rs. 1040.04.
10/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open in positive territory on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets after Wall Street ended lower in overnight trade. The investor sentiments were spooked by mounting geo-political tension on North Korea front and US President Donald Trump's abrupt dismissal of the FBI Director James Comey. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,365.50, up by 15.50 points or 0.17 per cent, at 10:42 AM Singapore time, also signaled a positive opening for local bourses. The India Meteorological Department’s forecast of higher-than-expected monsoon this year may also fuel rally in the domestic market as it would boost economic growth. Investors will react to earnings report of Bharti Airtel after telecom major reported a 72 per cent fall in net profits at Rs 373 crore for the fourth quarter ended March 31, weighed down by rival Reliance Jio’s aggressive pricing strategy. On the corporate front, Hero MotoCorp, Zee Entertainment, Bharat Dalmia, Phoenix Mills, Siemens, MIC Electronics and Kirloskar Oil Engines will remain in focus as they will unveil March quarter earnings report today. Among others, Housing and Urban Development Corporation (Hudco) initial public offering got subscribed 3 times on the second day of the public offer on Tuesday.
On Tuesday, the key benchmarks ended flat with marginal gains, helped by strong buying across capital goods, metal and power stocks, tracking mixed cues from Asian peers after the Wall Street ended flat in overnight trade. The market gains were restricted as traders awaited corporate earnings of index heavyweights, Bharti Airtel, Petronet LNG, InterGlobe Aviation and Future Retail due later today and Hero MotoCorp tomorrow. Adding to it, selling across consumer durables and banking stocks also restricted upmove. The 30-share barometer SENSEX closed at 29933.25, up by 7.1 points or by 0.02 per cent, and the NSE Nifty ended at 9316.85, up by 2.8 points or by 0.03 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 13812893.00, Hindalco Industries Ltd. 1355111.00, Axis Bank Ltd. 7872272.00, State Bank of India 7843574.00, ITC Ltd. 6748832.00.
On NSE, total number of shares traded was 123.62 Crore and total turnover stood at Rs. 23564.99 Crore. On NSE Future and Options, total number of contracts traded in index futures was 123408 with a total turnover of Rs. 9683.56 Crore. Along with this total number of contracts traded in stock futures were 644598 with a total turnover of Rs. 48239.21 Crore. Total numbers of contracts for index options were 2926464 with a total turnover of Rs. 244145.70 Crore and total numbers of contracts for stock options were 365456 with a total turnover of Rs. 28569.05 Crore.
As on May 09, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 3364.40 Crore and gross debt purchased stood at Rs. 1203.77 Crore, while the gross equity sold stood at Rs. 3945.75 Crore and gross debt sold stood at Rs. 163.73 Crore. Therefore, the net investment of equity and debt reported were Rs. -581.35 Crore and Rs. 1040.04.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
