Pre Session: Sensex, Nifty seen opening in red on weak global cues; IIP, CPI data eyed
12/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open in red on Monday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trading across Asian markets, as investors weighed hung parliament in the UK, while caution prevailed ahead of the first round of France's parliamentary elections and US Federal Reserve policy meeting later this week. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,631.50, down by 50.50 points or 0.52 per cent, at 10:54 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, the government has revised tax rates on 66 products under the ensuing GST regime to meet demands from various quarters as the country prepares for rollout of one- nation-one-tax regime in less than three weeks. Meanwhile, ongoing demand for farm loan waiver, with Maharashtra approving the scheme to benefit farmers, would derail economy reform process. Adding to it, investors may also remain sideline ahead of the key macro-economic events, IIP data and CPI inflation numbers, due today, which will set future direction for the markets. On the corporate front, banking stocks will remain in focus as the Finance Minister Arun Jaitley will meet heads of the PSU banks today review the financial performance of all public sector banks (PSBs) and steps being taken by them to expedite the recovery of bad loans.
On Friday, Indian benchmark indices ended the rangebound trade on a higher note helped by strong buying across auto, realty and metal space, tracking mixed cues from the global peers, as investors shrugged off the political uncertainty in the UK. Investors reacted benevolently to the UK poll verdict, which left no single party with a clear claim to power. The 30-share barometer SENSEX closed at 31262.06, up by 48.7 points or by 0.16 per cent, and the NSE Nifty ended at 9668.25, up by 21 points or by 0.22 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 20983302.00, State Bank of India 10804887.00, ITC Ltd. 10065468.00, ICICI Bank Ltd. 9263914.00, Hindalco Industries Ltd. 9077091.00.
On NSE, total number of shares traded was 100.61 Crore and total turnover stood at Rs. 22334.46 Crore. On NSE Future and Options, total number of contracts traded in index futures was 165713 with a total turnover of Rs. 13225.11 Crore. Along with this total number of contracts traded in stock futures were 569794 with a total turnover of Rs. 42042.04 Crore. Total numbers of contracts for index options were 3040571 with a total turnover of Rs. 249647.20 Crore and total numbers of contracts for stock options were 366162 with a total turnover of Rs. 27893.70 Crore.
As on June 09, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5906.79 Crore and gross debt purchased stood at Rs. 4609.71 Crore, while the gross equity sold stood at Rs. 3834.14 Crore and gross debt sold stood at Rs. 1273.07 Crore. Therefore, the net investment of equity and debt reported were Rs. 2072.65 Crore and Rs. 3336.64.
12/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open in red on Monday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trading across Asian markets, as investors weighed hung parliament in the UK, while caution prevailed ahead of the first round of France's parliamentary elections and US Federal Reserve policy meeting later this week. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,631.50, down by 50.50 points or 0.52 per cent, at 10:54 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, the government has revised tax rates on 66 products under the ensuing GST regime to meet demands from various quarters as the country prepares for rollout of one- nation-one-tax regime in less than three weeks. Meanwhile, ongoing demand for farm loan waiver, with Maharashtra approving the scheme to benefit farmers, would derail economy reform process. Adding to it, investors may also remain sideline ahead of the key macro-economic events, IIP data and CPI inflation numbers, due today, which will set future direction for the markets. On the corporate front, banking stocks will remain in focus as the Finance Minister Arun Jaitley will meet heads of the PSU banks today review the financial performance of all public sector banks (PSBs) and steps being taken by them to expedite the recovery of bad loans.
On Friday, Indian benchmark indices ended the rangebound trade on a higher note helped by strong buying across auto, realty and metal space, tracking mixed cues from the global peers, as investors shrugged off the political uncertainty in the UK. Investors reacted benevolently to the UK poll verdict, which left no single party with a clear claim to power. The 30-share barometer SENSEX closed at 31262.06, up by 48.7 points or by 0.16 per cent, and the NSE Nifty ended at 9668.25, up by 21 points or by 0.22 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 20983302.00, State Bank of India 10804887.00, ITC Ltd. 10065468.00, ICICI Bank Ltd. 9263914.00, Hindalco Industries Ltd. 9077091.00.
On NSE, total number of shares traded was 100.61 Crore and total turnover stood at Rs. 22334.46 Crore. On NSE Future and Options, total number of contracts traded in index futures was 165713 with a total turnover of Rs. 13225.11 Crore. Along with this total number of contracts traded in stock futures were 569794 with a total turnover of Rs. 42042.04 Crore. Total numbers of contracts for index options were 3040571 with a total turnover of Rs. 249647.20 Crore and total numbers of contracts for stock options were 366162 with a total turnover of Rs. 27893.70 Crore.
As on June 09, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5906.79 Crore and gross debt purchased stood at Rs. 4609.71 Crore, while the gross equity sold stood at Rs. 3834.14 Crore and gross debt sold stood at Rs. 1273.07 Crore. Therefore, the net investment of equity and debt reported were Rs. 2072.65 Crore and Rs. 3336.64.
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