Pre Session: Sensex, Nifty seen opening in red on Fed rate move; oil cos in focus
15/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets, as caution may prevail in the market after the US Federal Reserve raised interest rates for the second time this year. In line with expectations, 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. In the overnight trade, Wall Street ended mostly lower after the Federal Reserve raised its key interest rate by 25 bps and a media report that US President Donald Trump is being investigated by a special counsel for possible obstruction of justice. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,610.50, down by 31.00 points or 0.32 per cent, at 10:44 AM Singapore time, also signaled a negative opening for local bourses. On the corporate front, state-run oil marketing companies will remain in focus after IOC, BPCL and HPCL on Wednesday signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra with initial investment of USD 30 billion. Among others, Reliance Communications will also see some movement after its Chairman Anil Ambani said it will not take any salary this financial year as the company is passing through a tough phase.
On Wednesday, the Indian equities ended tad higher in choppy trade, helped by sharp surge in the rate sensitives, bank and realty stocks, tracking firm cues from Asian peers. However, the broader sentiment was muted as investors remained wary ahead of the outcome of the US Federal policy review and its possible impact on the Indian economy. Reliance Industries emerged as top gainers with shares rising over 3 per cent after the data released by the Telecom Regulatory Authority of India (TRAI) showed that its subsidiary Reliance Jio Infocomm outperformed its peers by adding about 0.4 crore new users in April to reach a consumer base of 11.25 crore. The 30-share barometer SENSEX closed at 31155.91, up by 52.42 points or by 0.17 per cent, and the NSE Nifty ended at 9618.15, up by 11.25 points or by 0.12 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 20240274.00, ITC Ltd. 14574048.00, Vedanta Ltd. 12360269.00, Reliance Industries Ltd. 12101027.00, Bank of Baroda 12008368.00.
On NSE, total number of shares traded was 118.75 Crore and total turnover stood at Rs. 24369.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 135735 with a total turnover of Rs. 10906.29 Crore. Along with this total number of contracts traded in stock futures were 558188 with a total turnover of Rs. 40224.09 Crore. Total numbers of contracts for index options were 3759525 with a total turnover of Rs. 323291.05 Crore and total numbers of contracts for stock options were 384282 with a total turnover of Rs. 28335.69 Crore. As on June 14, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9326.45 Crore and gross debt purchased stood at Rs. 2818.69 Crore, while the gross equity sold stood at Rs. 4417.08 Crore and gross debt sold stood at Rs. 606.61 Crore. Therefore, the net investment of equity and debt reported were Rs. 4909.37 Crore and Rs. 2212.08.
15/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets, as caution may prevail in the market after the US Federal Reserve raised interest rates for the second time this year. In line with expectations, 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. In the overnight trade, Wall Street ended mostly lower after the Federal Reserve raised its key interest rate by 25 bps and a media report that US President Donald Trump is being investigated by a special counsel for possible obstruction of justice. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,610.50, down by 31.00 points or 0.32 per cent, at 10:44 AM Singapore time, also signaled a negative opening for local bourses. On the corporate front, state-run oil marketing companies will remain in focus after IOC, BPCL and HPCL on Wednesday signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra with initial investment of USD 30 billion. Among others, Reliance Communications will also see some movement after its Chairman Anil Ambani said it will not take any salary this financial year as the company is passing through a tough phase.
On Wednesday, the Indian equities ended tad higher in choppy trade, helped by sharp surge in the rate sensitives, bank and realty stocks, tracking firm cues from Asian peers. However, the broader sentiment was muted as investors remained wary ahead of the outcome of the US Federal policy review and its possible impact on the Indian economy. Reliance Industries emerged as top gainers with shares rising over 3 per cent after the data released by the Telecom Regulatory Authority of India (TRAI) showed that its subsidiary Reliance Jio Infocomm outperformed its peers by adding about 0.4 crore new users in April to reach a consumer base of 11.25 crore. The 30-share barometer SENSEX closed at 31155.91, up by 52.42 points or by 0.17 per cent, and the NSE Nifty ended at 9618.15, up by 11.25 points or by 0.12 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 20240274.00, ITC Ltd. 14574048.00, Vedanta Ltd. 12360269.00, Reliance Industries Ltd. 12101027.00, Bank of Baroda 12008368.00.
On NSE, total number of shares traded was 118.75 Crore and total turnover stood at Rs. 24369.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 135735 with a total turnover of Rs. 10906.29 Crore. Along with this total number of contracts traded in stock futures were 558188 with a total turnover of Rs. 40224.09 Crore. Total numbers of contracts for index options were 3759525 with a total turnover of Rs. 323291.05 Crore and total numbers of contracts for stock options were 384282 with a total turnover of Rs. 28335.69 Crore. As on June 14, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9326.45 Crore and gross debt purchased stood at Rs. 2818.69 Crore, while the gross equity sold stood at Rs. 4417.08 Crore and gross debt sold stood at Rs. 606.61 Crore. Therefore, the net investment of equity and debt reported were Rs. 4909.37 Crore and Rs. 2212.08.
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