Pre Session: Sensex, Nifty seen opening lower on weak global cues
28/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trading across Asian markets. In the overnight trade, Wall Street ended lower after the vote on a bill to replace Obamacare in the US was delayed by Senate Republicans, which dragged down healthcare and technology stocks. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,485.50, down by 0.31 points or 0.33 per cent, at 10:40 AM Singapore time, also signaled a weak opening for local bourses. The market may see volatility this week ahead of June F&O expiry due tomorrow and GST rollout lined up for July 01. On the economy front, the finance minister Arun Jaitley comment that some people may face short term pain from GST rollout, is likely to weigh on investor sentiment. On the corporate front, Jaipur-based AU Small Finance Bank will launch initial public offering today with price band fixed between Rs 355 and Rs 358. The company on Tuesday raised Rs 563 crore by allotting 1.57 crore shares to 34 anchor investors.
Weighed down by sharp losses in rate sensitive realty and bank stocks, the Indian equities ended lower for the second straight session on Tuesday, tracking mixed cues from Asian market. On the sectoral front, banking stocks emerged as top losers after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI. Reacting to the news, index heavyweights, PNB, Bank of Baroda, SBI, Axis Bank and Federal Bank, fell between 4.5 per cent to 2 per cent. The 30-share barometer SENSEX closed at 30958.25, down by 179.96 points or by 0.58 per cent, and then NSE Nifty ended at 9511.4, down by 63.55 points or by 0.66 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 25523129.00, ICICI Bank Ltd. 18053262.00, Bank of Baroda 11027711.00, Axis Bank Ltd. 9842829.00, ITC Ltd. 9688675.00.
On NSE, total number of shares traded was 142.45 Crore and total turnover stood at Rs. 24855.88 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 471843 with a total turnover of Rs. 36540.40 Crore. Along with this total number of contracts traded in stock futures were 1477898 with a total turnover of Rs. 100124.65 Crore. Total numbers of contracts for index options were 8090959 with a total turnover of Rs. 650735.32 Crore and total numbers of contracts for stock options were 521103 with a total turnover of Rs. 38722.13 Crore.
As on June 27, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5058.09 Crore and gross debt purchased stood at Rs. 1451.86 Crore, while the gross equity sold stood at Rs. 4569.92 Crore and gross debt sold stood at Rs. 1215.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 488.17 Crore and Rs. 236.61.
28/06/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open lower on Wednesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trading across Asian markets. In the overnight trade, Wall Street ended lower after the vote on a bill to replace Obamacare in the US was delayed by Senate Republicans, which dragged down healthcare and technology stocks. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 9,485.50, down by 0.31 points or 0.33 per cent, at 10:40 AM Singapore time, also signaled a weak opening for local bourses. The market may see volatility this week ahead of June F&O expiry due tomorrow and GST rollout lined up for July 01. On the economy front, the finance minister Arun Jaitley comment that some people may face short term pain from GST rollout, is likely to weigh on investor sentiment. On the corporate front, Jaipur-based AU Small Finance Bank will launch initial public offering today with price band fixed between Rs 355 and Rs 358. The company on Tuesday raised Rs 563 crore by allotting 1.57 crore shares to 34 anchor investors.
Weighed down by sharp losses in rate sensitive realty and bank stocks, the Indian equities ended lower for the second straight session on Tuesday, tracking mixed cues from Asian market. On the sectoral front, banking stocks emerged as top losers after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI. Reacting to the news, index heavyweights, PNB, Bank of Baroda, SBI, Axis Bank and Federal Bank, fell between 4.5 per cent to 2 per cent. The 30-share barometer SENSEX closed at 30958.25, down by 179.96 points or by 0.58 per cent, and then NSE Nifty ended at 9511.4, down by 63.55 points or by 0.66 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 25523129.00, ICICI Bank Ltd. 18053262.00, Bank of Baroda 11027711.00, Axis Bank Ltd. 9842829.00, ITC Ltd. 9688675.00.
On NSE, total number of shares traded was 142.45 Crore and total turnover stood at Rs. 24855.88 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 471843 with a total turnover of Rs. 36540.40 Crore. Along with this total number of contracts traded in stock futures were 1477898 with a total turnover of Rs. 100124.65 Crore. Total numbers of contracts for index options were 8090959 with a total turnover of Rs. 650735.32 Crore and total numbers of contracts for stock options were 521103 with a total turnover of Rs. 38722.13 Crore.
As on June 27, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5058.09 Crore and gross debt purchased stood at Rs. 1451.86 Crore, while the gross equity sold stood at Rs. 4569.92 Crore and gross debt sold stood at Rs. 1215.25 Crore. Therefore, the net investment of equity and debt reported were Rs. 488.17 Crore and Rs. 236.61.
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