Pre Session: Sensex, Nifty seen opening flat on muted global cues : 07/02/2017 08:35

Pre Session: Sensex, Nifty seen opening flat on muted global cues : 07/02/2017 08:35
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040

Indian equities are set to open flat on Tuesday, tracking weak cues from fellow Asian peers and negative closing of Wall Street in overnight trade, as traders would maintain wait-and-watch approach ahead of the Reserve Bank policy review tomorrow. Muted trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,806.50, down by 9.5 points or 0.11 per cent, at 10:54 AM Singapore time, also signaled a flat opening for Sensex. There is strong optimism in the market that the Reserve Bank may lower rate at its policy meet on Wednesday as easing inflation create room for a possible rate cut. The foreign portfolio investors (FPIs) have turned bullish on the Indian market post Union Budget as FM stick to fiscal prudence amid growth optimism. The traders would also react to earnings reports as over 100 companies will unveil their quarterly results today, including BHEL, Punjab National Bank, Tata Steel, CEAT, Future Retail and Gillette India.

On Monday, the key domestic benchmarks continued their gaining streak for the fourth straight session, led by rally in frontline blue chips such as, Ambuja Cements, Sun Pharma, ACC, ICICI Bank, Adani Ports, Axis Bank and BHEL, amid rising hopes of interest rate cut by the Reserve Bank as easing inflation create room for a rate cut on February 8. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28439.28, up by 198.76 points or by 0.7 per cent, and the NSE Nifty ended at 8801.05, up by 60.1 points or by 0.69 per cent.

Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 27298761.00, ICICI Bank Ltd. 20474479.00, State Bank of India 14725291.00, Bank of Baroda 14311070.00, Axis Bank Ltd. 8575116.00.

On NSE, total number of shares traded was 150.65 Crore and total turnover stood at Rs. 24045.89 Crore. On NSE Future and Options, total number of contracts traded in index futures was 190320 with a total turnover of Rs. 13707.71 Crore. Along with this total number of contracts traded in stock futures were 660489 with a total turnover of Rs. 45331.77 Crore. Total numbers of contracts for index options were 2785695 with a total turnover of Rs. 202206.25 Crore and total numbers of contracts for stock options were 386783 with a total turnover of Rs. 27134.63 Crore.

As on February 06 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5376.17 Crore and gross debt purchased stood at Rs. 729.92 Crore, while the gross equity sold stood at Rs. 4772.35 Crore and gross debt sold stood at Rs. 537.85 Crore. Therefore, the net investment of equity and debt reported were Rs. 603.82 Crore and Rs. 192.07.