Pre Session: Markets may open lower amid feeble global cues
09/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Wednesday tracking feeble cues from the global peers.
The Asian markets have opened lower after tensions on the Korean peninsula escalated with Pyongyang's warning that it is carefully examining plans for a missile strike on the US Pacific territory of Guam, while the Wall Street closed lower in the previous trading session as investors fled for safety after US President Donald Trump vowed to respond aggressively to any threats from North Korea.
On the economy front, the government's expenditure went up 27 percent in April-June of the current fiscal to over Rs 6.50 lakh crore as a result of Budget advancement by a month.
Also, state-owned Punjab National Bank (PNB) will be in focus today as it has put nine of its large stressed accounts for resolution under Insolvency and Bankruptcy Code 2016 (IBC).
On the earnings front, around 166 companies on the BSE will be declaring their results for the quarter ended June 30 which include names like 3M India, Ajanta Pharma, Ashok Buildcon, Aurobindo Pharma, Eicher Motors, Finolex Cables, Inox Wind, Jindal Stainless, Max Financial, MMTC, NHPC, NMDC, PTC India, Tata Motors, among others.
Weak trends in the SGX Nifty Index Futures for August delivery, which were trading at 9970, down by 37.00 points or 0.37 per cent, at 10:15 AM Singapore time, signalled a lower opening for the domestic bourses.
On Tuesday, the Indian equities ended bleeding in red weighed down by sharp losses in realty and oil&gas stocks, as investors extended losing streak amid concerns over valuations. In line with the benchmark indices, the broader markets also witnessed hefty selling, with MIDCAP and SMLCAP indices falling as much as 1.2 per cent and 1.3 per cent, respectively.
The 30-share barometer SENSEX closed at 32014.19, down by 259.48 points or by 0.8 per cent, and the NSE Nifty ended at 9978.55, down by 78.85 points or by 0.78 points.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 24897407.00, Tata Steel Ltd. 20046119.00, Vedanta Ltd. 18777967.00, State Bank of India 13578680.00, Bharti Infratel Ltd. 12856633.00, On NSE, total number of shares traded was 164.71 Crore and total turnover stood at Rs. 28333.38 Crore. On NSE Future and Options, total number of contracts traded in index futures was 263013 with a total turnover of Rs. 22350.32 Crore. Along with this total number of contracts traded in stock futures were 766831 with a total turnover of Rs. 59472.33 Crore. Total numbers of contracts for index options were 6597556 with a total turnover of Rs. 599837.48 Crore. and total numbers of contracts for stock options were 539121 with a total turnover of Rs. 44309.22 Crore. The FIIs on 08/08/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3834.07 Crore and gross debt purchased stood at Rs. 1826.47 Crore, while the gross equity sold stood at Rs. 4000.39 Crore and gross debt sold stood at Rs. 581.85 Crore. Therefore, the net investment of equity and debt reported were Rs. -166.32 Crore and Rs. 1244.62.
09/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
The Indian benchmark indices are set to open lower on Wednesday tracking feeble cues from the global peers.
The Asian markets have opened lower after tensions on the Korean peninsula escalated with Pyongyang's warning that it is carefully examining plans for a missile strike on the US Pacific territory of Guam, while the Wall Street closed lower in the previous trading session as investors fled for safety after US President Donald Trump vowed to respond aggressively to any threats from North Korea.
On the economy front, the government's expenditure went up 27 percent in April-June of the current fiscal to over Rs 6.50 lakh crore as a result of Budget advancement by a month.
Also, state-owned Punjab National Bank (PNB) will be in focus today as it has put nine of its large stressed accounts for resolution under Insolvency and Bankruptcy Code 2016 (IBC).
On the earnings front, around 166 companies on the BSE will be declaring their results for the quarter ended June 30 which include names like 3M India, Ajanta Pharma, Ashok Buildcon, Aurobindo Pharma, Eicher Motors, Finolex Cables, Inox Wind, Jindal Stainless, Max Financial, MMTC, NHPC, NMDC, PTC India, Tata Motors, among others.
Weak trends in the SGX Nifty Index Futures for August delivery, which were trading at 9970, down by 37.00 points or 0.37 per cent, at 10:15 AM Singapore time, signalled a lower opening for the domestic bourses.
On Tuesday, the Indian equities ended bleeding in red weighed down by sharp losses in realty and oil&gas stocks, as investors extended losing streak amid concerns over valuations. In line with the benchmark indices, the broader markets also witnessed hefty selling, with MIDCAP and SMLCAP indices falling as much as 1.2 per cent and 1.3 per cent, respectively.
The 30-share barometer SENSEX closed at 32014.19, down by 259.48 points or by 0.8 per cent, and the NSE Nifty ended at 9978.55, down by 78.85 points or by 0.78 points.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 24897407.00, Tata Steel Ltd. 20046119.00, Vedanta Ltd. 18777967.00, State Bank of India 13578680.00, Bharti Infratel Ltd. 12856633.00, On NSE, total number of shares traded was 164.71 Crore and total turnover stood at Rs. 28333.38 Crore. On NSE Future and Options, total number of contracts traded in index futures was 263013 with a total turnover of Rs. 22350.32 Crore. Along with this total number of contracts traded in stock futures were 766831 with a total turnover of Rs. 59472.33 Crore. Total numbers of contracts for index options were 6597556 with a total turnover of Rs. 599837.48 Crore. and total numbers of contracts for stock options were 539121 with a total turnover of Rs. 44309.22 Crore. The FIIs on 08/08/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3834.07 Crore and gross debt purchased stood at Rs. 1826.47 Crore, while the gross equity sold stood at Rs. 4000.39 Crore and gross debt sold stood at Rs. 581.85 Crore. Therefore, the net investment of equity and debt reported were Rs. -166.32 Crore and Rs. 1244.62.
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