Pre Session: Positive opening on cards for Sensex, Nifty
05/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Monday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets, supported by timely arrival of southwest monsoon rains coupled with sustained foreign institutional investors (FII) inflows. Expectations of good monsoon rains this year and a favourable macroeconomic environment may further boost market sentiment. Bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,661.50, up by 16.00 points or 0.17 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses. With major part of the earning season is over, progress of monsoon rains and Reserve Bank of India's (RBI) monetary policy review would influence market sentiment this week. Globally, the European Central Bank monetary policy and the UK 'snap election' on June 08 will also drive market this week. On the corporate front, NTPC will remain in focus after the state-run firm entered into the new business segment of setting up charging stations for electric vehicles (EVs) and has installed first such points at its offices in Delhi and Noida.
On Friday, the Indian equities ended higher, with benchmark indices Sensex and Nifty hitting an all-time high, helped by gains in index heavyweights, such as ITC, HDFC, Adani, Wipro, Bharti Airtel, Hero MotoCorp, HDFC Bank and Cipla. The market rally was also fueled by sustained buying by foreign and domestic investors amid expectations of good monsoon rains and a favourable macroeconomic environment. In a boost to economy, global rating agency, Moody’s Investors Service, has said that government’s policy reforms, such as implementation of GST and resolution of sticky loans, may improve the country’s credit profile. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31273.29, up by 135.7 points or by 0.44 per cent, and the NSE Nifty ended at 9653.5, up by 37.4 points or by 0.39 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 15208618.00, ICICI Bank Ltd. 12245022.00, State Bank of India 12004368.00, ITC Ltd. 11073749.00, Hindalco Industries Ltd. 8824329.00.
On NSE, total number of shares traded was 145.25 Crore and total turnover stood at Rs. 22302.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 126974 with a total turnover of Rs. 10206.00 Crore. Along with this total number of contracts traded in stock futures were 556234 with a total turnover of Rs. 40215.15 Crore. Total numbers of contracts for index options were 2103399 with a total turnover of Rs. 174353.65 Crore and total numbers of contracts for stock options were 291978 with a total turnover of Rs. 22171.20 Crore. As on June 02, 2017, the FIIs turned net buyer in debt segment, but turned net seller in equity market. Gross equity purchased stood at Rs. 4547.31 Crore and gross debt purchased stood at Rs. 2316.78 Crore, while the gross equity sold stood at Rs. 4998.12 Crore and gross debt sold stood at Rs. 1157.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -450.81 Crore and Rs. 1159.25.
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