Pre Session: Muted opening on cards for Sensex, Nifty
23/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to continue lackluster trade on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend from global markets. Globally, Asian markets were trading sideways, with Shanghai Composite and Nikkei 225 trading lower, after Wall Street ended flat in overnight trade as losses in financials and consumer staples were compensated by gains in healthcare sector. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,636.00, up by 0.05 points or 0.01 per cent, at 10:52 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, Reserve Bank of India has expanded overseeing committee membership to five for bad loan resolution. Rating agency, ICRA has said Indian banks’ asset quality woes to peak by FY18, citing that failure of the strategic debt restructuring (SDR) mechanism. IT stocks will remain in focus as Nasscom has forecasted single digit growth of 7-8 per cent growth in 2017-18 (FY18). On the corporate front, Tata Power will see some movement after the company proposes to sell 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) to Gujarat Urja Vikas Nigam (GUVNL) for Rs 1. Among others, Essar Steel, Bhushan Steel and Electrosteel Steels will remain in focus as lenders, led by the State Bank of India (SBI), took them to the National Company Law Tribunal (NCLT) for further action under the Insolvency and Bankruptcy Code (IBC). The initial public offer (IPO) of GTPL Hathway got subscribed by 41 per cent on the second day of the bidding on Thursday.
On Thursday, The Indian equities ended flat in a volatile trading session, tracking mixed cues from Asian market, weighed down by sharp selling in oil and gas and realty stocks. The BSE Sensex opened higher today and surged 211 points to hit an all-time high of 31,522.87, but pared all the gains to close flat at 31,290, as investors pressed sell button in the final hour of the trade amid weak European cues. The 30-share barometer SENSEX closed at 31290.74, up by 7.1 points or by 0.02 per cent, while the NSE Nifty ended at 9630, down by 3.6 points or by 0.04 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 26110402.00, Power Grid Corporation of India Ltd. 18964075.00, Tata Power Company Ltd. 11286863.00, Hindalco Industries Ltd. 9349289.00, ICICI Bank Ltd. 9180870.00.
On NSE, total number of shares traded was 157.84 Crore and total turnover stood at Rs. 26262.87 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 223108 with a total turnover of Rs. 18001.35 Crore. Along with this total number of contracts traded in stock futures were 742672 with a total turnover of Rs. 53188.54 Crore. Total numbers of contracts for index options were 10550536 with a total turnover of Rs. 942300.84 Crore and total numbers of contracts for stock options were 498947 with a total turnover of Rs. 36964.55 Crore.
As on June 22, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4835.29 Crore and gross debt purchased stood at Rs. 1574.92 Crore, while the gross equity sold stood at Rs. 4923.88 Crore and gross debt sold stood at Rs. 748.77 Crore. Therefore, the net investment of equity and debt reported were Rs. -88.59 Crore and Rs. 826.15.
23/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to continue lackluster trade on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trend from global markets. Globally, Asian markets were trading sideways, with Shanghai Composite and Nikkei 225 trading lower, after Wall Street ended flat in overnight trade as losses in financials and consumer staples were compensated by gains in healthcare sector. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,636.00, up by 0.05 points or 0.01 per cent, at 10:52 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, Reserve Bank of India has expanded overseeing committee membership to five for bad loan resolution. Rating agency, ICRA has said Indian banks’ asset quality woes to peak by FY18, citing that failure of the strategic debt restructuring (SDR) mechanism. IT stocks will remain in focus as Nasscom has forecasted single digit growth of 7-8 per cent growth in 2017-18 (FY18). On the corporate front, Tata Power will see some movement after the company proposes to sell 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) to Gujarat Urja Vikas Nigam (GUVNL) for Rs 1. Among others, Essar Steel, Bhushan Steel and Electrosteel Steels will remain in focus as lenders, led by the State Bank of India (SBI), took them to the National Company Law Tribunal (NCLT) for further action under the Insolvency and Bankruptcy Code (IBC). The initial public offer (IPO) of GTPL Hathway got subscribed by 41 per cent on the second day of the bidding on Thursday.
On Thursday, The Indian equities ended flat in a volatile trading session, tracking mixed cues from Asian market, weighed down by sharp selling in oil and gas and realty stocks. The BSE Sensex opened higher today and surged 211 points to hit an all-time high of 31,522.87, but pared all the gains to close flat at 31,290, as investors pressed sell button in the final hour of the trade amid weak European cues. The 30-share barometer SENSEX closed at 31290.74, up by 7.1 points or by 0.02 per cent, while the NSE Nifty ended at 9630, down by 3.6 points or by 0.04 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 26110402.00, Power Grid Corporation of India Ltd. 18964075.00, Tata Power Company Ltd. 11286863.00, Hindalco Industries Ltd. 9349289.00, ICICI Bank Ltd. 9180870.00.
On NSE, total number of shares traded was 157.84 Crore and total turnover stood at Rs. 26262.87 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 223108 with a total turnover of Rs. 18001.35 Crore. Along with this total number of contracts traded in stock futures were 742672 with a total turnover of Rs. 53188.54 Crore. Total numbers of contracts for index options were 10550536 with a total turnover of Rs. 942300.84 Crore and total numbers of contracts for stock options were 498947 with a total turnover of Rs. 36964.55 Crore.
As on June 22, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4835.29 Crore and gross debt purchased stood at Rs. 1574.92 Crore, while the gross equity sold stood at Rs. 4923.88 Crore and gross debt sold stood at Rs. 748.77 Crore. Therefore, the net investment of equity and debt reported were Rs. -88.59 Crore and Rs. 826.15.
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