Pre Session: Bear run likely to continue at D-St; Tata Motors in focus
10/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat with negative bias on Thursday, tracking soft cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets. The Asian stocks were trading mostly higher after Wall Street ended barely lower overnight, paring early losses, as fresh tensions between the United States and North Korea eases. Back home, slightly bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,911.00, down by 6.50 points or 0.07 per cent, at 10:50 AM Singapore time, also signaled a flat to negative opening for local bourses. On the economy front, the finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) following the conclusion of the first quarter results, while capital market regulator Sebi allowed MCX to start the country's first gold options contract. Investors will react to earnings report of Tata Motors after auto major reported a 41.6 per cent growth in profit at Rs 3,200 crore in Q1 FY18, against Rs 2,260 crore in the same quarter last financial year, thanks to a one-time gain of Rs 3,609 crore. Investors will also keep an eye on earnings report of big companies such as Adani Power, Bharat Forg, BHEL, Coffee Day Enterprises, Gujarat Gas, GAIL, IOB, Union Bank, and Petronet LNG, which will announce their June quarter earnings today.
Indian benchmark indices ended lower for third consecutive session on Wednesday, pulled down by banking and pharma stocks. Further, negative trend in global markets after tensions escalated on the Korean peninsula, also contributed to the losses. The 30-share barometer SENSEX closed at 31797.84, down by 216.35 points or by 0.68 per cent, and the NSE Nifty ended at 9908.05, down by 70.5 points or by 0.71 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 15852734.00, ICICI Bank Ltd. 12959158.00, Hindalco Industries Ltd. 12844802.00, Vedanta Ltd. 12367142.00, Sun Pharmaceutical Industries Ltd. 11025555.00.
On NSE, total number of shares traded was 155.88 Crore and total turnover stood at Rs. 25684.76 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 208570 with a total turnover of Rs. 17526.04 Crore. Along with this total number of contracts traded in stock futures were 720028 with a total turnover of Rs. 53733.47 Crore. Total numbers of contracts for index options were 6759474 with a total turnover of Rs. 622650.98 Crore and total numbers of contracts for stock options were 498121 with a total turnover of Rs. 39319.76 Crore.
As on August 09, 2017 the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 6587.22 Crore and gross debt purchased stood at Rs. 1906.64 Crore, while the gross equity sold stood at Rs. 4689.20 Crore and gross debt sold stood at Rs. 975.73 Crore. Therefore, the net investment of equity and debt reported were Rs. 1898.02 Crore and Rs. 930.91.
10/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open flat with negative bias on Thursday, tracking soft cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets. The Asian stocks were trading mostly higher after Wall Street ended barely lower overnight, paring early losses, as fresh tensions between the United States and North Korea eases. Back home, slightly bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,911.00, down by 6.50 points or 0.07 per cent, at 10:50 AM Singapore time, also signaled a flat to negative opening for local bourses. On the economy front, the finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) following the conclusion of the first quarter results, while capital market regulator Sebi allowed MCX to start the country's first gold options contract. Investors will react to earnings report of Tata Motors after auto major reported a 41.6 per cent growth in profit at Rs 3,200 crore in Q1 FY18, against Rs 2,260 crore in the same quarter last financial year, thanks to a one-time gain of Rs 3,609 crore. Investors will also keep an eye on earnings report of big companies such as Adani Power, Bharat Forg, BHEL, Coffee Day Enterprises, Gujarat Gas, GAIL, IOB, Union Bank, and Petronet LNG, which will announce their June quarter earnings today.
Indian benchmark indices ended lower for third consecutive session on Wednesday, pulled down by banking and pharma stocks. Further, negative trend in global markets after tensions escalated on the Korean peninsula, also contributed to the losses. The 30-share barometer SENSEX closed at 31797.84, down by 216.35 points or by 0.68 per cent, and the NSE Nifty ended at 9908.05, down by 70.5 points or by 0.71 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 15852734.00, ICICI Bank Ltd. 12959158.00, Hindalco Industries Ltd. 12844802.00, Vedanta Ltd. 12367142.00, Sun Pharmaceutical Industries Ltd. 11025555.00.
On NSE, total number of shares traded was 155.88 Crore and total turnover stood at Rs. 25684.76 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 208570 with a total turnover of Rs. 17526.04 Crore. Along with this total number of contracts traded in stock futures were 720028 with a total turnover of Rs. 53733.47 Crore. Total numbers of contracts for index options were 6759474 with a total turnover of Rs. 622650.98 Crore and total numbers of contracts for stock options were 498121 with a total turnover of Rs. 39319.76 Crore.
As on August 09, 2017 the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 6587.22 Crore and gross debt purchased stood at Rs. 1906.64 Crore, while the gross equity sold stood at Rs. 4689.20 Crore and gross debt sold stood at Rs. 975.73 Crore. Therefore, the net investment of equity and debt reported were Rs. 1898.02 Crore and Rs. 930.91.
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