Pre Session: Soft opening on cards for Sensex, Nifty; RIL, Wipro Q1 eyed
20/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat to lower on Thursday, tracking negative cues from Nifty futures on the Singapore Stock Exchange and muted trading across Asian markets. The Asian stocks were trading marginally higher after Wall Street ended higher in overnight trade amid hopes of strong corporate earnings report and higher oil prices. Meanwhile, investors also kept an eye on policy announcement by the Bank of Japan, Bank Indonesia and the European Central Bank. Back home, bearish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,916.50, down by 11.00 points or 0.11 per cent, at 10:34 AM Singapore time, also signaled a flat to negative opening for local bourses. On the economy front, India Meteorological Department (IMD), in its latest weather update, said that India received higher-than-expected 75.3 millimetres (mm) of rainfall from July 12 to July 19, which showed strong signs of revival across parts of the country. Capital market regulator Sebi mulls tightening norms on depository receipts (DRs) to check the flow of black money into the stock market, which may affect foreign fund inflows in the market. On the corporate front, oil marketing companies HPCL and ONGC will remain in focus as Union Cabinet approved to sell the government’s entire 51.11 per cent stake in HPCL to ONGC. On the earnings front, index heavyweight RIL and Wipro will announce their June quarter results today.
On Wednesday, the Indian equities ended higher in broad-based rally, undermining mixed cue from Asian peers, as investors resumed buying after logging its biggest single-day loss in nearly eight months in previous session. Outperforming the benchmark indices, the broader markets were trading higher with MIDCAP and SMLCAP indices gaining 1 per cent each. ITC rebounded over 2 per cent after suffering year’s biggest fall of nearly 13 per cent in the previous session after the government increased the cess on cigarettes to compensate manufacturer losses from lower GST rates. The 30-share barometer SENSEX closed at 31955.35, up by 244.36 points or by 0.77 per cent, and the NSE Nifty ended at 9899.6, up by 72.45 points or by 0.74 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 39134264.00, Hindalco Industries Ltd. 13700281.00, Aurobindo Pharma Ltd. 11315897.00, ICICI Bank Ltd. 10780451.00, Oil And Natural Gas Corporation Ltd. 9814913.00.
On NSE, total number of shares traded was 151.04 Crore and total turnover stood at Rs. 27627.18 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 160821 with a total turnover of Rs. 13179.40 Crore. Along with this total number of contracts traded in stock futures were 721423 with a total turnover of Rs. 52884.98 Crore. Total numbers of contracts for index options were 5034253 with a total turnover of Rs. 438130.72 Crore and total numbers of contracts for stock options were 544041 with a total turnover of Rs. 40617.35 Crore.
As on July 19, 2017 the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 6645.22 Crore and gross debt purchased stood at Rs. 1445.59 Crore, while the gross equity sold stood at Rs. 6269.37 Crore and gross debt sold stood at Rs. 574.35 Crore. Therefore, the net investment of equity and debt reported were Rs. 375.85 Crore and Rs. 871.24.
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