Pre Session: Flat opening on cards for Sensex, Nifty; oil&gas stocks in focus
16/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with positive bias on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and steady trading across Asian markets. In the overnight trade, Wall Street ended lower as investors reacted to interest rate hike by the US Federal Reserve, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. In its latest policy review, the Bank of England left interest rates unchanged, but came closer to raise interest rates for the first time in ten years as three of its policymakers voted for an interest rate hike. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,646.50, up by 5.00 points or 0.05 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. On the corporate front, Mukesh Ambani-led Reliance Industries will remain in focus after the country’s largest private sector enterprise signed a deal with partner BP Plc to invest Rs 40,000 crore ($6 billion) in three projects, over three to five years, for developing discoveries in the KG-D6 block. Among others, state-run oil marketing companies will remain in focus after they announced cut in petrol price by Rs 1.12 per litre and diesel by Rs 1.24 per litre.
On Thursday, the Indian equities ended lower in choppy trade, tracking weak cues from Asian peers, as investors weighed the US Federal Reserve decision to raise interest rates for the second time this year. The US Fed on Wednesday hiked bank rates by 25 basis points and announced gradual bond-trimming plan by shrinking its USD 4.5 trillion in bond holdings. However, the broader sentiment was positive as traders continued to bet on SmalCap stocks. The 30-share barometer SENSEX closed at 31075.73, down by 80.18 points or by 0.26 per cent, and the NSE Nifty ended at 9578.05, down by 40.1 points or by 0.42 per cent. Top traded Volumes on NSE Nifty were Aurobindo Pharma Ltd. 13574544.00, State Bank of India 11925641.00, ICICI Bank Ltd. 10187596.00, Vedanta Ltd. 9712133.00, Bank of Baroda 8810334.00.
On NSE, total number of shares traded was 123.92 Crore and total turnover stood at Rs. 23944.36 Crore. On NSE Future and Options, total number of contracts traded in index futures was 148359 with a total turnover of Rs. 11998.55 Crore. Along with this total number of contracts traded in stock futures were 588273 with a total turnover of Rs. 41510.78 Crore. Total numbers of contracts for index options were 8464057 with a total turnover of Rs. 760136.81 Crore and total numbers of contracts for stock options were 433965 with a total turnover of Rs. 31155.70 Crore. As on June 15, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 6819.81 Crore and gross debt purchased stood at Rs. 1247.69 Crore, while the gross equity sold stood at Rs. 6733.70 Crore and gross debt sold stood at Rs. 483.75 Crore. Therefore, the net investment of equity and debt reported were Rs. 86.11 Crore and Rs. 763.94.
16/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat with positive bias on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and steady trading across Asian markets. In the overnight trade, Wall Street ended lower as investors reacted to interest rate hike by the US Federal Reserve, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. In its latest policy review, the Bank of England left interest rates unchanged, but came closer to raise interest rates for the first time in ten years as three of its policymakers voted for an interest rate hike. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,646.50, up by 5.00 points or 0.05 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. On the corporate front, Mukesh Ambani-led Reliance Industries will remain in focus after the country’s largest private sector enterprise signed a deal with partner BP Plc to invest Rs 40,000 crore ($6 billion) in three projects, over three to five years, for developing discoveries in the KG-D6 block. Among others, state-run oil marketing companies will remain in focus after they announced cut in petrol price by Rs 1.12 per litre and diesel by Rs 1.24 per litre.
On Thursday, the Indian equities ended lower in choppy trade, tracking weak cues from Asian peers, as investors weighed the US Federal Reserve decision to raise interest rates for the second time this year. The US Fed on Wednesday hiked bank rates by 25 basis points and announced gradual bond-trimming plan by shrinking its USD 4.5 trillion in bond holdings. However, the broader sentiment was positive as traders continued to bet on SmalCap stocks. The 30-share barometer SENSEX closed at 31075.73, down by 80.18 points or by 0.26 per cent, and the NSE Nifty ended at 9578.05, down by 40.1 points or by 0.42 per cent. Top traded Volumes on NSE Nifty were Aurobindo Pharma Ltd. 13574544.00, State Bank of India 11925641.00, ICICI Bank Ltd. 10187596.00, Vedanta Ltd. 9712133.00, Bank of Baroda 8810334.00.
On NSE, total number of shares traded was 123.92 Crore and total turnover stood at Rs. 23944.36 Crore. On NSE Future and Options, total number of contracts traded in index futures was 148359 with a total turnover of Rs. 11998.55 Crore. Along with this total number of contracts traded in stock futures were 588273 with a total turnover of Rs. 41510.78 Crore. Total numbers of contracts for index options were 8464057 with a total turnover of Rs. 760136.81 Crore and total numbers of contracts for stock options were 433965 with a total turnover of Rs. 31155.70 Crore. As on June 15, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 6819.81 Crore and gross debt purchased stood at Rs. 1247.69 Crore, while the gross equity sold stood at Rs. 6733.70 Crore and gross debt sold stood at Rs. 483.75 Crore. Therefore, the net investment of equity and debt reported were Rs. 86.11 Crore and Rs. 763.94.
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