Pre Session: Gap up opening seen for Sensex, Nifty; HDFC Bank, Ambuja Cements results eyed
24/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open on flat note with positive bias on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets. The Asian stocks were trading mostly lower after Wall Street ended marginally lower on Friday weighed down by disappointing corporate earnings, while fall in oil prices dragged energy companies. The Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers will meet today in St Petersburg, Russian to discuss on crude oil production cuts, which was agreed upon earlier this year. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,924.50, up by 12.00 points or 0.12 per cent, at 10:46 AM Singapore time, also signaled a positive opening for local bourses. On the corporate front, Avenue Supermarts, owner of the DMart retail chain, will remain in focus after the company reported a 47.60 per cent year-on-year (YoY) growth in net profit at Rs 174.77 crore for the June quarter, compared to Rs 118.44 crore profit in the year ago period. On the earnings front, Ambuja Cements, HDFC Bank, HUDCO, Indiabulls Realty, Texmaco Rail and Zee Entertainment, will announce their June quarter results today.
On Friday, the Indian equities ended higher in choppy trade, tracking firm cues from Asian peers, led by gains in frontline bluechip such as Wipro, Reliance Industries, Coal India, Tata Consultancy Services, Kotak Mahindra Bank and Infosys. Wipro surged over 6 per cent after IT major reported better-than-expected earnings and announced to buyback equity shares worth Rs 11,000 crore. Mukesh Ambani-led RIL ended nearly 4 per cent higher after the company reported net profit of Rs 9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding period last year. The 30-share barometer SENSEX closed at 32028.89, up by 124.49 points or by 0.39 per cent, and the NSE Nifty ended at 9915.25, up by 41.95 points or by 0.42 per cent.
Top traded Volumes on NSE Nifty were Reliance Industries Ltd. 22205112.00, Wipro Ltd. 16392253.00, ITC Ltd. 13174402.00, Bharti Airtel Ltd. 10944639.00, Hindalco Industries Ltd. 9896744.00.
On NSE, total number of shares traded was 183.53 Crore and total turnover stood at Rs. 29346.72 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 233215 with a total turnover of Rs. 19146.89 Crore. Along with this total number of contracts traded in stock futures were 966051 with a total turnover of Rs. 70258.20 Crore. Total numbers of contracts for index options were 5151716 with a total turnover of Rs. 417732.94 Crore and total numbers of contracts for stock options were 875122 with a total turnover of Rs. 66289.20 Crore.
As on July 21, 2017 the FIIs turned net buyer in equity segment, but turned net seller in debt market. Gross equity purchased stood at Rs. 4314.40 Crore and gross debt purchased stood at Rs. 494.90 Crore, while the gross equity sold stood at Rs. 4139.31 Crore and gross debt sold stood at Rs. 1639.16 Crore. Therefore, the net investment of equity and debt reported were Rs. 175.09 Crore and Rs. -1144.26.
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