Pre Session-Gap down opening seen for Sensex on bearish global trend
26/09/2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks are likely to witness a bearish opening on Monday tracking a sell-off across markets in Asia and a negative finish at Wall Street on Friday as fresh signs of weakness in the US economy and caution ahead of an OPEC meeting this week with leading crude oil producers unlikely to reach an agreement to freeze output, curbed risk taking appetite. Losses in the Nifty Index Futures for September delivery which were trading at 8,798.5, down by 0.40 per cent or 35.5 points at 10:22 AM Singapore time, signal that the Sensex may open lower today. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the September futures & options (F&O) contracts expiry this Thursday. Apart from the derivative expiry, movement of crude oil prices & the Indian rupee, release of the deficit monsoon data and foreign investment trend will also determine the direction of the markets this week. The next major trigger for Dalal Street is the upcoming monetary policy review of the RBI on October 4. Amid the recent induction of three new members in the monetary policy committee, traders will await and see how the policy decision pans out and whether an interest rate cut is announced. Swift progress on key reforms including the GST and the budget amid the merger of general and railway budgets, along and discussions to advance the budget presentation date, may support sentiment. The 30-share Sensex last week rallied 69.19 points or 0.24 per cent to end at 28,668.22 after the US Federal Reserve refrained from lifting borrowing costs.
A sell-off in energy stocks amid jitters ahead of the OPEC meet pulled down Asian shares with Saudi Arabia stressing that a decision on capping output is unlikely. China’s Shanghai Composite fell amid speculation that the country’s central bank may not add stimulus. Hang Seng was trading lower and Japan’s Nikkei 225 declined as a stronger yen curbed the lure for exporter stocks and as traders were cautious ahead of the Japanese central bank governor’s speech. US stocks declined on Friday as a slowdown in the country’s manufacturing raised concerns over the health of the world’s biggest economy. A gauge measuring US manufacturing fell to 51.4 in September compared to 52 in August, with a reading above 50 signaling expansion.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 30222177.00, ICICI Bank Ltd. 16343247.00, Bharat Heavy Electricals Ltd. 13606551.00, State Bank of India 12730223.00 and Hindalco Industries Ltd. 10730581.00.
On BSE, total number of shares traded was 28.49 Crore and total turnover stood at Rs. 3871.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 181496 with a total turnover of Rs. 12992.98 Crore. Along with this total number of contracts traded in stock futures were 756163 with a total turnover of Rs. 53883.19 Crore. Total numbers of contracts for index options were 3252902 with a total turnover of Rs. 230769.28 Crore and total numbers of contracts for stock options were 510987 with a total turnover of Rs. 37173.17 Crore.
The FIIs on 23/09/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 4812.32 Crore and gross debt purchased stood at Rs. 1535.20 Crore, while the gross equity sold stood at Rs. 4410.33 Crore and gross debt sold stood at Rs. 1618.19 Crore. Therefore, the net investment of equity and debt reported were Rs. 401.99 Crore and Rs. -82.99 Crore.
26/09/2016
BANKNIFTY FUT : SELL ZONE
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A sell-off in energy stocks amid jitters ahead of the OPEC meet pulled down Asian shares with Saudi Arabia stressing that a decision on capping output is unlikely. China’s Shanghai Composite fell amid speculation that the country’s central bank may not add stimulus. Hang Seng was trading lower and Japan’s Nikkei 225 declined as a stronger yen curbed the lure for exporter stocks and as traders were cautious ahead of the Japanese central bank governor’s speech. US stocks declined on Friday as a slowdown in the country’s manufacturing raised concerns over the health of the world’s biggest economy. A gauge measuring US manufacturing fell to 51.4 in September compared to 52 in August, with a reading above 50 signaling expansion.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 30222177.00, ICICI Bank Ltd. 16343247.00, Bharat Heavy Electricals Ltd. 13606551.00, State Bank of India 12730223.00 and Hindalco Industries Ltd. 10730581.00.
On BSE, total number of shares traded was 28.49 Crore and total turnover stood at Rs. 3871.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 181496 with a total turnover of Rs. 12992.98 Crore. Along with this total number of contracts traded in stock futures were 756163 with a total turnover of Rs. 53883.19 Crore. Total numbers of contracts for index options were 3252902 with a total turnover of Rs. 230769.28 Crore and total numbers of contracts for stock options were 510987 with a total turnover of Rs. 37173.17 Crore.
The FIIs on 23/09/2016 stood as net buyer in equity and net seller in debt. Gross equity purchased stood at Rs. 4812.32 Crore and gross debt purchased stood at Rs. 1535.20 Crore, while the gross equity sold stood at Rs. 4410.33 Crore and gross debt sold stood at Rs. 1618.19 Crore. Therefore, the net investment of equity and debt reported were Rs. 401.99 Crore and Rs. -82.99 Crore.
