Pre Session: Gap up opening seen for Sensex, Nifty
06/03/2017 08:35
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open higher on Monday, tracking firm cues from fellow Asian peers, on sustained buying by foreign portfolio investors after US Fed Chair Janet Yellen dropped a strong hint of a rate hike this month. US stocks ended higher with slim gains on Friday as investors remained vigilant to lingering political risks in Europe, Brexit woes and ongoing Trump uncertainties. Bullish trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,936.00, up by 14.50 points or 0.16 per cent, at 10:42 AM Singapore time, signaled a positive opening for Sensex. Adding to it, foreign investors remained bullish on the Indian markets amid clarity on FPI taxation, while the government’s move to further ease FDI reform policy in defence, telecom and broadcasting may also attract fresh fund inflows. On the economy front, India’s Services PMI rebounded in February, for the first time since October, to 50.3 in February 2017, up from 48.7 registered in last month, as businesses recovered from the demonetisation-led disruptions seen in the previous three months. On the corporate front, Music Broadcast, the operator of FM channel Radio City, will start its Rs 500 crore IPO today.
Weighed down by losses in rate sensitive financial and auto stocks, the Indian equity benchmarks ended tad lower on Friday as traders remained vulnerable to bouts of profit taking amid looming fear over US fed rate hike. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28832.45, down by 7.34 points or by 0.03 per cent, and the NSE Nifty ended at 8897.55, down by 2.2 points or by 0.02 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 31030530.00, Reliance Industries Ltd. 19270851.00, Idea Cellular Ltd. 13211851.00, Bharti Infratel Ltd. 12442632.00, State Bank of India 10120034.00.
On NSE, total number of shares traded was 99.43 Crore and total turnover stood at Rs. 21997.25 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 171931 with a total turnover of Rs. 12311.03 Crore. Along with this total number of contracts traded in stock futures were 540391 with a total turnover of Rs. 38538.07 Crore. Total numbers of contracts for index options were 2255733 with a total turnover of Rs. 169000.84 Crore and total numbers of contracts for stock options were 304569 with a total turnover of Rs. 22086.12 Crore.
As on March 03, 2017, the FIIs stood as net buyer in equity, but turned net seller in debt segment. Gross equity purchased stood at Rs. 5034.59 Crore and gross debt purchased stood at Rs. 336.40 Crore, while the gross equity sold stood at Rs. 5010.38 Crore and gross debt sold stood at Rs. 1109.86 Crore. Therefore, the net investment of equity and debt reported were Rs. 24.21 Crore and Rs. -773.46.
06/03/2017 08:35
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are set to open higher on Monday, tracking firm cues from fellow Asian peers, on sustained buying by foreign portfolio investors after US Fed Chair Janet Yellen dropped a strong hint of a rate hike this month. US stocks ended higher with slim gains on Friday as investors remained vigilant to lingering political risks in Europe, Brexit woes and ongoing Trump uncertainties. Bullish trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,936.00, up by 14.50 points or 0.16 per cent, at 10:42 AM Singapore time, signaled a positive opening for Sensex. Adding to it, foreign investors remained bullish on the Indian markets amid clarity on FPI taxation, while the government’s move to further ease FDI reform policy in defence, telecom and broadcasting may also attract fresh fund inflows. On the economy front, India’s Services PMI rebounded in February, for the first time since October, to 50.3 in February 2017, up from 48.7 registered in last month, as businesses recovered from the demonetisation-led disruptions seen in the previous three months. On the corporate front, Music Broadcast, the operator of FM channel Radio City, will start its Rs 500 crore IPO today.
Weighed down by losses in rate sensitive financial and auto stocks, the Indian equity benchmarks ended tad lower on Friday as traders remained vulnerable to bouts of profit taking amid looming fear over US fed rate hike. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28832.45, down by 7.34 points or by 0.03 per cent, and the NSE Nifty ended at 8897.55, down by 2.2 points or by 0.02 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 31030530.00, Reliance Industries Ltd. 19270851.00, Idea Cellular Ltd. 13211851.00, Bharti Infratel Ltd. 12442632.00, State Bank of India 10120034.00.
On NSE, total number of shares traded was 99.43 Crore and total turnover stood at Rs. 21997.25 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 171931 with a total turnover of Rs. 12311.03 Crore. Along with this total number of contracts traded in stock futures were 540391 with a total turnover of Rs. 38538.07 Crore. Total numbers of contracts for index options were 2255733 with a total turnover of Rs. 169000.84 Crore and total numbers of contracts for stock options were 304569 with a total turnover of Rs. 22086.12 Crore.
As on March 03, 2017, the FIIs stood as net buyer in equity, but turned net seller in debt segment. Gross equity purchased stood at Rs. 5034.59 Crore and gross debt purchased stood at Rs. 336.40 Crore, while the gross equity sold stood at Rs. 5010.38 Crore and gross debt sold stood at Rs. 1109.86 Crore. Therefore, the net investment of equity and debt reported were Rs. 24.21 Crore and Rs. -773.46.