Pre Session: Flat opening seen for Sensex, Nifty; RBI policy outcome eyed
07/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat to higher on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets. In the overnight trade, Wall Street ended lower as investors preferred profit booking ahead of the UK general election and ex-FBI Director James Comey's testimony later this week. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,689.00, up by 13.50 points or 0.14 per cent, at 10:48 AM Singapore time, also signaled a positive opening for local bourses. The caution may prevail in the market ahead of the Reserve Bank of India's (RBI) two-day monetary policy review meeting which concludes today. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. The trades may cheer the India Meteorological Department (IMD) forecast of a normal monsoon to 98 per cent of the long period average (LPA), which is likely to fuel rural demand and ease food inflation. Globally, the European Central Bank monetary policy and the UK 'snap election' on June 08 will also drive market this week. On the corporate front, Reliance Communication will remain in focus after global rating agencies, Moody’s and Fitch, cut the rating for the second time in a week, citing the company’s inability to repay the loan.
On Tuesday, Indian benchmark indices settled the day on a negative note as traders preferred profit booking ahead of outcome of two-day monetary policy committee meeting that is due on Wednesday. According to analysts, the Reserve Bank of India (RBI) will likely strike a less hawkish tone while leaving interest rates unchanged at a policy meeting tomorrow, as inflation is running well below forecasts, and the economy has slowed more than expected. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31190.56, down by 118.93 points or by 0.38 per cent, and the NSE Nifty ended at 9637.15, down by 37.95 points or by 0.39 per cent. Top traded Volumes on NSE Nifty were State Bank of India 12346121.00, ITC Ltd. 9841205.00, ICICI Bank Ltd. 9779283.00, Tata Motors Ltd. 8016939.00, Vedanta Ltd. 6876800.00.
On NSE, total number of shares traded was 99.73 Crore and total turnover stood at Rs. 22177.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 121413 with a total turnover of Rs. 9696.20 Crore. Along with this total number of contracts traded in stock futures were 590725 with a total turnover of Rs. 42518.91 Crore. Total numbers of contracts for index options were 2209155 with a total turnover of Rs. 185915.12 Crore and total numbers of contracts for stock options were 328787 with a total turnover of Rs. 24444.07 Crore.
As on June 06, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4280.24 Crore and gross debt purchased stood at Rs. 864.33 Crore, while the gross equity sold stood at Rs. 4391.98 Crore and gross debt sold stood at Rs. 499.49 Crore. Therefore, the net investment of equity and debt reported were Rs. -111.74 Crore and Rs. 364.84.
07/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat to higher on Wednesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets. In the overnight trade, Wall Street ended lower as investors preferred profit booking ahead of the UK general election and ex-FBI Director James Comey's testimony later this week. Back home, bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,689.00, up by 13.50 points or 0.14 per cent, at 10:48 AM Singapore time, also signaled a positive opening for local bourses. The caution may prevail in the market ahead of the Reserve Bank of India's (RBI) two-day monetary policy review meeting which concludes today. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. The trades may cheer the India Meteorological Department (IMD) forecast of a normal monsoon to 98 per cent of the long period average (LPA), which is likely to fuel rural demand and ease food inflation. Globally, the European Central Bank monetary policy and the UK 'snap election' on June 08 will also drive market this week. On the corporate front, Reliance Communication will remain in focus after global rating agencies, Moody’s and Fitch, cut the rating for the second time in a week, citing the company’s inability to repay the loan.
On Tuesday, Indian benchmark indices settled the day on a negative note as traders preferred profit booking ahead of outcome of two-day monetary policy committee meeting that is due on Wednesday. According to analysts, the Reserve Bank of India (RBI) will likely strike a less hawkish tone while leaving interest rates unchanged at a policy meeting tomorrow, as inflation is running well below forecasts, and the economy has slowed more than expected. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31190.56, down by 118.93 points or by 0.38 per cent, and the NSE Nifty ended at 9637.15, down by 37.95 points or by 0.39 per cent. Top traded Volumes on NSE Nifty were State Bank of India 12346121.00, ITC Ltd. 9841205.00, ICICI Bank Ltd. 9779283.00, Tata Motors Ltd. 8016939.00, Vedanta Ltd. 6876800.00.
On NSE, total number of shares traded was 99.73 Crore and total turnover stood at Rs. 22177.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 121413 with a total turnover of Rs. 9696.20 Crore. Along with this total number of contracts traded in stock futures were 590725 with a total turnover of Rs. 42518.91 Crore. Total numbers of contracts for index options were 2209155 with a total turnover of Rs. 185915.12 Crore and total numbers of contracts for stock options were 328787 with a total turnover of Rs. 24444.07 Crore.
As on June 06, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4280.24 Crore and gross debt purchased stood at Rs. 864.33 Crore, while the gross equity sold stood at Rs. 4391.98 Crore and gross debt sold stood at Rs. 499.49 Crore. Therefore, the net investment of equity and debt reported were Rs. -111.74 Crore and Rs. 364.84.
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