Pre Session: Sensex, Nifty seen opening flat on mixed global cues; bank stocks eyed
25/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open flat with positive bias on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mostly lower, barring Japan’s Nikkei 225, as traders awaited the outcome of the Federal Open Market Committee (FOMC) meeting which will begin later today, and release of US second-quarter GDP due this week, while uncertainty over the Trump administration's policies also dented investor sentiment. In the overnight trade, Wall Street ended mixed, with the Nasdaq closed at a fresh all-time high, as investors weighed the White House's inability to pass key policy bills, while caution prevailed ahead of a tech earnings due this week. According to Reuters, the Organisation of the Petroleum Exporting Countries (OPEC) was moving to impose a production cap on Nigeria as it called on members to better comply with cuts. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,974.00, up by 11.00 points or 0.11 per cent, at 10:53 AM Singapore time, also signaled a flat to positive opening for local bourses. On the economy front, the Competition Commission of India (CCI) on Monday approved the proposed merger between Vodafone India and Idea Cellular for creating India’s biggest phone company by subscribers. On the sectoral front, banking stocks will remain in focus as the rating agency revised rating of state-run banks, citing that PSBs remain under capitalised and burdened by bad debts despite receiving Rs 50,000 crore in capital injections under the Indradhanush plan. Telecom stocks will also remain in focus as media report suggested that government may announce sops to address the financial stress in the telecom sector. On the corporate front, private sector lender HDFC Bank will remain in focus after the bank reported a rise of 20 per cent in net profit to Rs 3,893 crore in the quarter ended June from Rs 3,239 crore in the year-ago quarter, backed by a rise in revenue and a reduction in cost-to-income ratio. On the earnings front, big companies like Bharti Airtel, Axis Bank and Asian Paints will announce their June quarter results today.
On Monday, the Indian equities closed at record high, led by gains in oil&gas, IT and Teck stocks, undermining weak cues from Asian peers. The market sentiment also got a lift by better-than-expected corporate earnings and progress of monsoon rains. Reliance Industries rose nearly 2 per cent after the country’s largest private sector company on Friday announced bonus shares in the ratio of 1:1, which happens to be the country’s largest bonus issue. Shares of cigarette to biscuit maker ITC climbed over 1 per cent after the FMCG major raised the prices of select cigarette brands following the government decision to hike the cess on cigarette companies. The 30-share barometer SENSEX closed at 32245.87, up by 216.98 points or by 0.68 per cent, and the NSE Nifty ended at 9966.4, up by 51.15 points or by 0.52 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 17794337.00, ICICI Bank Ltd. 15604131.00, State Bank of India 11195781.00, Oil And Natural Gas Corporation Ltd. 10394896.00, Reliance Industries Ltd. 9927229.00.
On NSE, total number of shares traded was 197.27 Crore and total turnover stood at Rs. 26875.26 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 233223 with a total turnover of Rs. 19159.16 Crore. Along with this total number of contracts traded in stock futures were 1029833 with a total turnover of Rs. 74892.73 Crore. Total numbers of contracts for index options were 4940357 with a total turnover of Rs. 404777.76 Crore and total numbers of contracts for stock options were 653155 with a total turnover of Rs. 49935.83 Crore.
As on July 21, 2017 the FIIs turned net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 5481.45 Crore and gross debt purchased stood at Rs. 2177.36 Crore, while the gross equity sold stood at Rs. 5583.40 Crore and gross debt sold stood at Rs. 986.52 Crore. Therefore, the net investment of equity and debt reported were Rs. -101.95 Crore and Rs. 1190.84.Cardamom futures up amid rising demand
25/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat with positive bias on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mostly lower, barring Japan’s Nikkei 225, as traders awaited the outcome of the Federal Open Market Committee (FOMC) meeting which will begin later today, and release of US second-quarter GDP due this week, while uncertainty over the Trump administration's policies also dented investor sentiment. In the overnight trade, Wall Street ended mixed, with the Nasdaq closed at a fresh all-time high, as investors weighed the White House's inability to pass key policy bills, while caution prevailed ahead of a tech earnings due this week. According to Reuters, the Organisation of the Petroleum Exporting Countries (OPEC) was moving to impose a production cap on Nigeria as it called on members to better comply with cuts. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,974.00, up by 11.00 points or 0.11 per cent, at 10:53 AM Singapore time, also signaled a flat to positive opening for local bourses. On the economy front, the Competition Commission of India (CCI) on Monday approved the proposed merger between Vodafone India and Idea Cellular for creating India’s biggest phone company by subscribers. On the sectoral front, banking stocks will remain in focus as the rating agency revised rating of state-run banks, citing that PSBs remain under capitalised and burdened by bad debts despite receiving Rs 50,000 crore in capital injections under the Indradhanush plan. Telecom stocks will also remain in focus as media report suggested that government may announce sops to address the financial stress in the telecom sector. On the corporate front, private sector lender HDFC Bank will remain in focus after the bank reported a rise of 20 per cent in net profit to Rs 3,893 crore in the quarter ended June from Rs 3,239 crore in the year-ago quarter, backed by a rise in revenue and a reduction in cost-to-income ratio. On the earnings front, big companies like Bharti Airtel, Axis Bank and Asian Paints will announce their June quarter results today.
On Monday, the Indian equities closed at record high, led by gains in oil&gas, IT and Teck stocks, undermining weak cues from Asian peers. The market sentiment also got a lift by better-than-expected corporate earnings and progress of monsoon rains. Reliance Industries rose nearly 2 per cent after the country’s largest private sector company on Friday announced bonus shares in the ratio of 1:1, which happens to be the country’s largest bonus issue. Shares of cigarette to biscuit maker ITC climbed over 1 per cent after the FMCG major raised the prices of select cigarette brands following the government decision to hike the cess on cigarette companies. The 30-share barometer SENSEX closed at 32245.87, up by 216.98 points or by 0.68 per cent, and the NSE Nifty ended at 9966.4, up by 51.15 points or by 0.52 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 17794337.00, ICICI Bank Ltd. 15604131.00, State Bank of India 11195781.00, Oil And Natural Gas Corporation Ltd. 10394896.00, Reliance Industries Ltd. 9927229.00.
On NSE, total number of shares traded was 197.27 Crore and total turnover stood at Rs. 26875.26 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 233223 with a total turnover of Rs. 19159.16 Crore. Along with this total number of contracts traded in stock futures were 1029833 with a total turnover of Rs. 74892.73 Crore. Total numbers of contracts for index options were 4940357 with a total turnover of Rs. 404777.76 Crore and total numbers of contracts for stock options were 653155 with a total turnover of Rs. 49935.83 Crore.
As on July 21, 2017 the FIIs turned net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 5481.45 Crore and gross debt purchased stood at Rs. 2177.36 Crore, while the gross equity sold stood at Rs. 5583.40 Crore and gross debt sold stood at Rs. 986.52 Crore. Therefore, the net investment of equity and debt reported were Rs. -101.95 Crore and Rs. 1190.84.Cardamom futures up amid rising demand
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