Pre Session- Bears may continue to rule the roost at D-Street
27/09/2016 08:37
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Indian equity benchmarks are likely to witness a gap down opening on Tuesday amid a mixed trend across markets in Asia as US presidential hopefuls Hillary Clinton and Donald Trump clashed in a heated debate while traders anxiously awaited the outcome of the meeting of top oil producers to discuss measures to stabilize oil prices including a possible production freeze. Losses in the Nifty Index Futures for September delivery which were trading at 8,717, down by 0.22 per cent or 19.5 points at 10:40 AM Singapore time, signal that the Sensex may open lower today. The Sensex may witness some volatility as traders roll over their positions ahead of the September futures & options (F&O) contracts expiry this Thursday. The next big focus on the macro front is the RBI monetary policy review on October 4, which will be the first meeting chaired by new governor Urjit Patel. However, the central bank could wait till December to cut interest rates further, so as to have better clarity on the retail inflation trajectory and digest outcomes of the US Presidential elections and Fed’s November policy decision. At the same time, cooling inflation which fell to 5.05 per cent in August and a renewed factory contraction has offered near-term scope of policy easing. Weakness in global stocks hit Dalal Street quiet hard on Monday as the 30-share Sensex sank by a massive 373.94 points or by 1.3 per cent to end at 28,294.28.
Asian stocks were mixed as Clinton and Trump sparred during their first US Presidential debate which was currently underway, with a poll indicating both candidates tied in a head-to-head contest, curbing risk taking appetite. Traders were also cautious ahead of a meeting of OPEC countries in Algeria tomorrow with Saudi Arabia indicating that a deal to curb output was unlikely. While Shanghai Composite was trading tad higher, Hang Seng rose and Japan’s Nikkei 225 fell as a stronger yen curbed the appeal of exporter stocks. Wall Street ended lower on Monday as investors awaited the outcome of the US Presidential debate while digesting weak housing data which showed that US new home sales fell 7.6 percent to a 609,000 annualized pace in August 2016.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 14880674.00, ICICI Bank Ltd. 14426187.00, ITC Ltd. 9687011.00, Oil and Natural Gas Corporation Ltd. 9277066.00, State Bank of India 8800173.00.
On BSE, total number of shares traded was 31.18 Crore and total turnover stood at Rs. 3435.24 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 401244 with a total turnover of Rs. 27603.54 Crore. Along with this total number of contracts traded in stock futures were 1034143 with a total turnover of Rs. 71116.65 Crore. Total numbers of contracts for index options were 4984246 with a total turnover of Rs. 349526.27 Crore and total numbers of contracts for stock options were 469708 with a total turnover of Rs. 33267.05 Crore.
The FIIs on 26/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5755.00 Crore and gross debt purchased stood at Rs. 1935.79 Crore, while the gross equity sold stood at Rs. 6002.71 Crore and gross debt sold stood at Rs. 1386.40 Crore. Therefore, the net investment of equity and debt reported were Rs. -247.71 Crore and Rs. 549.39 Crore.
27/09/2016 08:37
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Asian stocks were mixed as Clinton and Trump sparred during their first US Presidential debate which was currently underway, with a poll indicating both candidates tied in a head-to-head contest, curbing risk taking appetite. Traders were also cautious ahead of a meeting of OPEC countries in Algeria tomorrow with Saudi Arabia indicating that a deal to curb output was unlikely. While Shanghai Composite was trading tad higher, Hang Seng rose and Japan’s Nikkei 225 fell as a stronger yen curbed the appeal of exporter stocks. Wall Street ended lower on Monday as investors awaited the outcome of the US Presidential debate while digesting weak housing data which showed that US new home sales fell 7.6 percent to a 609,000 annualized pace in August 2016.
Top traded Volumes on NSE Nifty – Axis Bank Ltd. 14880674.00, ICICI Bank Ltd. 14426187.00, ITC Ltd. 9687011.00, Oil and Natural Gas Corporation Ltd. 9277066.00, State Bank of India 8800173.00.
On BSE, total number of shares traded was 31.18 Crore and total turnover stood at Rs. 3435.24 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 401244 with a total turnover of Rs. 27603.54 Crore. Along with this total number of contracts traded in stock futures were 1034143 with a total turnover of Rs. 71116.65 Crore. Total numbers of contracts for index options were 4984246 with a total turnover of Rs. 349526.27 Crore and total numbers of contracts for stock options were 469708 with a total turnover of Rs. 33267.05 Crore.
The FIIs on 26/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 5755.00 Crore and gross debt purchased stood at Rs. 1935.79 Crore, while the gross equity sold stood at Rs. 6002.71 Crore and gross debt sold stood at Rs. 1386.40 Crore. Therefore, the net investment of equity and debt reported were Rs. -247.71 Crore and Rs. 549.39 Crore.