Pre Session: Sensex, Nifty seen opening flat; L&T, Tata Motors in focus
20/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with positive bias on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and positive trend from global markets. Globally, Asian markets were trading higher as stocks in China and Hang Seng rally on hopes that China A-shares would be included in the MSCI Emerging Markets Index. On the European front, Brexit negotiations between the U.K. and the European Union began on Monday, with the U.K.'s Brexit Secretary saying he hoped for a "strong and special partnership." In the overnight trade, Wall Street ended higher, helped by sharp rebound in technology and industrial stocks. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,676.00, up by 1.50 points or 0.02 per cent, at 10:49 AM Singapore time, also signaled a flat to positive opening for local bourses. In absence of any major trigger lined up for this week, market may take cues from progress of monsoons and the country's preparedness for GST as implementation date is approaching fast. On the corporate front, two initial public offer (IPO) are getting strong response from investors, with Central Depository Services (India) (CDSL) issue got fully subscribed on the first day of bidding and Eris Lifesciences issue was subscribed 75 per cent on the second day of bidding. Larsen & Toubro shares will see some movement as global financial services firm Macquarie maintained ‘Outperform’ on the company. Among others, Tata Motors will also remain in focus after the auto major said that it has no plan to list its luxury British car brand Jaguar Land Rover.
The Indian equities started the week on robust note, helped by strong rally across metal and financial stocks, tracking firm cues from Asian peers. The market sentiment was buoyed by the progress of monsoons and the country's preparedness for GST implementation from July 01. The market rally also gathered momentum after Narendra Modi-led NDA government named Ram Nath Kovind, the Governor of Bihar, as the party's official nominee for the post of the President of India. The 30-share barometer SENSEX closed at 31311.57, up by 255.17 points or by 0.82 per cent, and the NSE Nifty ended at 9657.55, up by 69.5 points or by 0.72 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 14848661.00, ICICI Bank Ltd. 9745281.00, Tata Steel Ltd. 9593934.00, Vedanta Ltd. 8888549.00, Adani Ports & Special Economic Zone Ltd. 7328947.00.
On NSE, total number of shares traded was 94.22 Crore and total turnover stood at Rs. 20059.70 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 164125 with a total turnover of Rs. 13266.70 Crore. Along with this total number of contracts traded in stock futures were 518115 with a total turnover of Rs. 38226.62 Crore. Total numbers of contracts for index options were 4180362 with a total turnover of Rs. 348670.34 Crore and total numbers of contracts for stock options were 394761 with a total turnover of Rs. 29440.04 Crore.
As on June 19, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 7994.39 Crore and gross debt purchased stood at Rs. 2384.50 Crore, while the gross equity sold stood at Rs. 8688.50 Crore and gross debt sold stood at Rs. 1351.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -694.11 Crore and Rs. 1033.49.
20/06/2017
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 Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and positive trend from global markets. Globally, Asian markets were trading higher as stocks in China and Hang Seng rally on hopes that China A-shares would be included in the MSCI Emerging Markets Index. On the European front, Brexit negotiations between the U.K. and the European Union began on Monday, with the U.K.'s Brexit Secretary saying he hoped for a "strong and special partnership." In the overnight trade, Wall Street ended higher, helped by sharp rebound in technology and industrial stocks. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,676.00, up by 1.50 points or 0.02 per cent, at 10:49 AM Singapore time, also signaled a flat to positive opening for local bourses. In absence of any major trigger lined up for this week, market may take cues from progress of monsoons and the country's preparedness for GST as implementation date is approaching fast. On the corporate front, two initial public offer (IPO) are getting strong response from investors, with Central Depository Services (India) (CDSL) issue got fully subscribed on the first day of bidding and Eris Lifesciences issue was subscribed 75 per cent on the second day of bidding. Larsen & Toubro shares will see some movement as global financial services firm Macquarie maintained ‘Outperform’ on the company. Among others, Tata Motors will also remain in focus after the auto major said that it has no plan to list its luxury British car brand Jaguar Land Rover.
The Indian equities started the week on robust note, helped by strong rally across metal and financial stocks, tracking firm cues from Asian peers. The market sentiment was buoyed by the progress of monsoons and the country's preparedness for GST implementation from July 01. The market rally also gathered momentum after Narendra Modi-led NDA government named Ram Nath Kovind, the Governor of Bihar, as the party's official nominee for the post of the President of India. The 30-share barometer SENSEX closed at 31311.57, up by 255.17 points or by 0.82 per cent, and the NSE Nifty ended at 9657.55, up by 69.5 points or by 0.72 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 14848661.00, ICICI Bank Ltd. 9745281.00, Tata Steel Ltd. 9593934.00, Vedanta Ltd. 8888549.00, Adani Ports & Special Economic Zone Ltd. 7328947.00.
On NSE, total number of shares traded was 94.22 Crore and total turnover stood at Rs. 20059.70 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 164125 with a total turnover of Rs. 13266.70 Crore. Along with this total number of contracts traded in stock futures were 518115 with a total turnover of Rs. 38226.62 Crore. Total numbers of contracts for index options were 4180362 with a total turnover of Rs. 348670.34 Crore and total numbers of contracts for stock options were 394761 with a total turnover of Rs. 29440.04 Crore.
As on June 19, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 7994.39 Crore and gross debt purchased stood at Rs. 2384.50 Crore, while the gross equity sold stood at Rs. 8688.50 Crore and gross debt sold stood at Rs. 1351.01 Crore. Therefore, the net investment of equity and debt reported were Rs. -694.11 Crore and Rs. 1033.49.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
