Pre Session: Sensex, Nifty seen opening flat; Fed policy outcome eyed
14/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets, as investors will keep an eye on the outcome of the US Federal policy review and its possible impact on the Indian economy. On the global front, Asian stocks were trading higher after Wall Street closed at record closing highs in overnight trade, as traders awaited the release of Chinese economic data and outcome of US Federal Reserve’s (Fed) two-day meeting. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,605.00, down by 10.00 points or 0.10 per cent, at 10:52 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, a report revealed that Indian employers expect steady hiring outlook for next three months, but their confidence have dipped to the least optimistic level since 2005 amid uncertainties in global markets. On the sectoral front, bank stocks will remain in focus as the RBI has identified 12 of the largest loan defaulters and said it would ask banks to start bankruptcy proceedings against them. On the corporate front, Bengaluru-based Tejas Networks will hit initial public offering (IPO) market today which is aiming to raise Rs 450 crore through public listing of equity shares in the price band of Rs 250-257.
Hit by foreign capital outflows, the Indian equities ended flat with marginal gains on Tuesday as caution prevailed in the market ahead of the US Federal Reserve’s two-day policy meeting decision. Some concerns also came with the private report that farm loan waivers are populist actions and frequent occurrence of such populist actions may lead to risks of impaired credit discipline and weak risk-reward for banks and reduced credit availability for borrowers. The 30-share barometer SENSEX closed at 31103.49, up by 7.79 points or by 0.03 per cent, while the NSE Nifty ended at 9606.9, down by 9.5 points or by 0.1 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 9643064.00, Sun Pharmaceutical Industries Ltd. 9578458.00, State Bank of India 9171049.00, Power Grid Corporation of India Ltd. 8873561.00, ICICI Bank Ltd. 8459560.00.
On NSE, total number of shares traded was 112.26 Crore and total turnover stood at Rs. 20504.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 119318 with a total turnover of Rs. 9584.85 Crore. Along with this total number of contracts traded in stock futures were 510314 with a total turnover of Rs. 37350.76 Crore. Total numbers of contracts for index options were 2971080 with a total turnover of Rs. 250115.25 Crore and total numbers of contracts for stock options were 319253 with a total turnover of Rs. 24035.03 Crore. As on June 13, 2017, the FIIs turned net buyer in debt segment, but turned net seller in equity market. Gross equity purchased stood at Rs. 3517.45 Crore and gross debt purchased stood at Rs. 684.04 Crore, while the gross equity sold stood at Rs. 3522.11 Crore and gross debt sold stood at Rs. 567.17 Crore. Therefore, the net investment of equity and debt reported were Rs. -4.66 Crore and Rs. 116.87.
14/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open flat on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets, as investors will keep an eye on the outcome of the US Federal policy review and its possible impact on the Indian economy. On the global front, Asian stocks were trading higher after Wall Street closed at record closing highs in overnight trade, as traders awaited the release of Chinese economic data and outcome of US Federal Reserve’s (Fed) two-day meeting. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,605.00, down by 10.00 points or 0.10 per cent, at 10:52 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, a report revealed that Indian employers expect steady hiring outlook for next three months, but their confidence have dipped to the least optimistic level since 2005 amid uncertainties in global markets. On the sectoral front, bank stocks will remain in focus as the RBI has identified 12 of the largest loan defaulters and said it would ask banks to start bankruptcy proceedings against them. On the corporate front, Bengaluru-based Tejas Networks will hit initial public offering (IPO) market today which is aiming to raise Rs 450 crore through public listing of equity shares in the price band of Rs 250-257.
Hit by foreign capital outflows, the Indian equities ended flat with marginal gains on Tuesday as caution prevailed in the market ahead of the US Federal Reserve’s two-day policy meeting decision. Some concerns also came with the private report that farm loan waivers are populist actions and frequent occurrence of such populist actions may lead to risks of impaired credit discipline and weak risk-reward for banks and reduced credit availability for borrowers. The 30-share barometer SENSEX closed at 31103.49, up by 7.79 points or by 0.03 per cent, while the NSE Nifty ended at 9606.9, down by 9.5 points or by 0.1 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 9643064.00, Sun Pharmaceutical Industries Ltd. 9578458.00, State Bank of India 9171049.00, Power Grid Corporation of India Ltd. 8873561.00, ICICI Bank Ltd. 8459560.00.
On NSE, total number of shares traded was 112.26 Crore and total turnover stood at Rs. 20504.07 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 119318 with a total turnover of Rs. 9584.85 Crore. Along with this total number of contracts traded in stock futures were 510314 with a total turnover of Rs. 37350.76 Crore. Total numbers of contracts for index options were 2971080 with a total turnover of Rs. 250115.25 Crore and total numbers of contracts for stock options were 319253 with a total turnover of Rs. 24035.03 Crore. As on June 13, 2017, the FIIs turned net buyer in debt segment, but turned net seller in equity market. Gross equity purchased stood at Rs. 3517.45 Crore and gross debt purchased stood at Rs. 684.04 Crore, while the gross equity sold stood at Rs. 3522.11 Crore and gross debt sold stood at Rs. 567.17 Crore. Therefore, the net investment of equity and debt reported were Rs. -4.66 Crore and Rs. 116.87.
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