Pre Session: Flat opening on cards for Sensex, Nifty; PSU banks in focus
09/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat to higher on Friday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets, as investors shrugged off the political uncertainty in the UK. According to an exit poll, UK may head towards a hung Parliament as Theresa May's Conservative Party may win 314 seats out of the 326 seats required for a majority. In the overnight trade, Wall Street ended higher helped by rally in banking stocks after former FBI Director James Comey's testified to the Congress without any significant revelations which could affect Donald Trump's presidency. In another significant global event, the European Central Bank left its stimulus programs and record low interest rates unchanged, but indicated that it would phase out support for the economy. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,679.50, up by 4.50 points or 0.05 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. The traders will react to Moody’s report that public sector banks will need capital infusion of Rs 95,000 crore in over two years, almost four-five times from its initial commitment of Rs 20,000 crore. However, the agency said that timely arrival of monsoon and pick-up in economy owning to government reform policies will be positive for retail loan assets class.
On Thursday, the Indian equities ended the session on a bearish note amid volatility as traders digested RBI policy decision and maintained caution ahead of the European Central Bank’s (ECB) policy meeting, UK elections and former FBI chief James Come testimony. After making a positive start, benchmark indices slipped in the negative terrain as investors resorted to profit booking in some sectors, such as IT, Teck, oil&gas and realty. The 30-share barometer SENSEX closed at 31213.36, down by 57.92 points or by 0.19 per cent, and the NSE Nifty ended at 9647.25, down by 16.65 points or by 0.17 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18300293.00, Tata Steel Ltd. 11928366.00, Sun Pharmaceutical Industries Ltd. 10616075.00, State Bank of India 8370299.00, Vedanta Ltd. 7810379.00. On NSE, total number of shares traded was 97.17 Crore and total turnover stood at Rs. 22446.72 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 115768 with a total turnover of Rs. 9508.97 Crore. Along with this total number of contracts traded in stock futures were 567570 with a total turnover of Rs. 40314.47 Crore. Total numbers of contracts for index options were 7132637 with a total turnover of Rs. 654784.92 Crore and total numbers of contracts for stock options were 351337 with a total turnover of Rs. 25458.60 Crore. As on June 08, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5119.15 Crore and gross debt purchased stood at Rs. 3466.96 Crore, while the gross equity sold stood at Rs. 5029.81 Crore and gross debt sold stood at Rs. 742.97 Crore. Therefore, the net investment of equity and debt reported were Rs. 89.34 Crore and Rs. 2723.99.
09/06/2017
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 to higher on Friday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets, as investors shrugged off the political uncertainty in the UK. According to an exit poll, UK may head towards a hung Parliament as Theresa May's Conservative Party may win 314 seats out of the 326 seats required for a majority. In the overnight trade, Wall Street ended higher helped by rally in banking stocks after former FBI Director James Comey's testified to the Congress without any significant revelations which could affect Donald Trump's presidency. In another significant global event, the European Central Bank left its stimulus programs and record low interest rates unchanged, but indicated that it would phase out support for the economy. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,679.50, up by 4.50 points or 0.05 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. The traders will react to Moody’s report that public sector banks will need capital infusion of Rs 95,000 crore in over two years, almost four-five times from its initial commitment of Rs 20,000 crore. However, the agency said that timely arrival of monsoon and pick-up in economy owning to government reform policies will be positive for retail loan assets class.
On Thursday, the Indian equities ended the session on a bearish note amid volatility as traders digested RBI policy decision and maintained caution ahead of the European Central Bank’s (ECB) policy meeting, UK elections and former FBI chief James Come testimony. After making a positive start, benchmark indices slipped in the negative terrain as investors resorted to profit booking in some sectors, such as IT, Teck, oil&gas and realty. The 30-share barometer SENSEX closed at 31213.36, down by 57.92 points or by 0.19 per cent, and the NSE Nifty ended at 9647.25, down by 16.65 points or by 0.17 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18300293.00, Tata Steel Ltd. 11928366.00, Sun Pharmaceutical Industries Ltd. 10616075.00, State Bank of India 8370299.00, Vedanta Ltd. 7810379.00. On NSE, total number of shares traded was 97.17 Crore and total turnover stood at Rs. 22446.72 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 115768 with a total turnover of Rs. 9508.97 Crore. Along with this total number of contracts traded in stock futures were 567570 with a total turnover of Rs. 40314.47 Crore. Total numbers of contracts for index options were 7132637 with a total turnover of Rs. 654784.92 Crore and total numbers of contracts for stock options were 351337 with a total turnover of Rs. 25458.60 Crore. As on June 08, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5119.15 Crore and gross debt purchased stood at Rs. 3466.96 Crore, while the gross equity sold stood at Rs. 5029.81 Crore and gross debt sold stood at Rs. 742.97 Crore. Therefore, the net investment of equity and debt reported were Rs. 89.34 Crore and Rs. 2723.99.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
