Pre Session-Gap down opening seen for Sensex on global weakness
30/09/2016 08:34
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks are likely to witness a negative opening on Friday tracking a bearish trend across markets in Asia and a negative finish at Wall Street overnight as mounting worries that German lender Deutsche Bank’s woes may spread into the global financial sector curbed risk taking appetite. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,592.5, down by 0.60 per cent or 51.5 points at 10:40 AM Singapore time, signal that the Sensex may open lower today. Worries rose that Deutsche Bank’s USD 14 billion penalty may force the lender to raise capital, raising fears over the functioning of big lenders. Meanwhile, worries over the escalation of tensions between India and Pakistan after Wednesday night’s surgical strikes by the Indian Army in Pakistan Occupied Kashmir may also keep trading sentiment jittery at Dalal Street. Caution may also prevail ahead of the RBI’s monetary policy review on Tuesday, which will be the first meeting to be chaired by new governor Urjit Patel with investors hoping for a 25 bps interest rate cut amid the recent drop in inflation. Marking the biggest single-day fall in three months, the 30-share Sensex plummeted by 465.28 points or by 1.64 per cent to 27,827.53 amid the September derivative expiry and as news of the Indian Army conducting surgical strikes across the Line of Control in Pakistani territory led investors to shun risky assets as tension between the two neighbouring countries mounted.
Asian stocks plunged today as concerns over Deutsche Bank’s finances led to a sell-off in financial shares worldwide as investors braced for a hit to the global financial system. While Shanghai Composite was trading with modest gains, Hang Seng plunged over 1.4 per cent and Nikkei 225 tumbled over 1.5 per cent as Japanese consumer prices declined for a sixth straight month in August and as a stronger yen curbed the lure for exporter stocks. Fears of a fresh contagion in the global banking sector weighed heavily on Wall Street on Thursday as US stocks took quite a beating. Shares of Deutsche Bank hit a record low in the US as reports surfaced that some hedge funds were moving to reduce their financial exposure to the bank. Meanwhile, US Q2 economic growth was revised up to 1.4 per cent from 1.1 per cent earlier, jobless claims rose 3,000 to 254,000 last week and pending home sales fell 2.4 per cent to a seven-month low in August, signaling a mixed picture for the economy.
Top traded Volumes on NSE Nifty – Kotak Mahindra Bank Ltd. 55058370.00, ICICI Bank Ltd. 43764238.00, State Bank of India 27870695.00, Bharat Heavy Electricals Ltd. 17649238.00 and ITC Ltd. 17433461.00.
On BSE, total number of shares traded was 48.87 Crore and total turnover stood at Rs. 5428.13 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 841193 with a total turnover of Rs. 58105.67 Crore. Along with this total number of contracts traded in stock futures were 1999097 with a total turnover of Rs. 138017.75 Crore. Total numbers of contracts for index options were 12208319 with a total turnover of Rs. 846546.79 Crore and total numbers of contracts for stock options were 661457 with a total turnover of Rs. 48844.45 Crore.
The FIIs on 29/09/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5652.76 Crore and gross debt purchased stood at Rs. 1450.53 Crore, while the gross equity sold stood at Rs. 4678.26 Crore and gross debt sold stood at Rs. 373.64 Crore. Therefore, the net investment of equity and debt reported were Rs. 974.50 Crore and Rs. 1076.89 Crore.
30/09/2016 08:34
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks are likely to witness a negative opening on Friday tracking a bearish trend across markets in Asia and a negative finish at Wall Street overnight as mounting worries that German lender Deutsche Bank’s woes may spread into the global financial sector curbed risk taking appetite. Losses in the SGX Nifty Index Futures for October delivery which were trading at 8,592.5, down by 0.60 per cent or 51.5 points at 10:40 AM Singapore time, signal that the Sensex may open lower today. Worries rose that Deutsche Bank’s USD 14 billion penalty may force the lender to raise capital, raising fears over the functioning of big lenders. Meanwhile, worries over the escalation of tensions between India and Pakistan after Wednesday night’s surgical strikes by the Indian Army in Pakistan Occupied Kashmir may also keep trading sentiment jittery at Dalal Street. Caution may also prevail ahead of the RBI’s monetary policy review on Tuesday, which will be the first meeting to be chaired by new governor Urjit Patel with investors hoping for a 25 bps interest rate cut amid the recent drop in inflation. Marking the biggest single-day fall in three months, the 30-share Sensex plummeted by 465.28 points or by 1.64 per cent to 27,827.53 amid the September derivative expiry and as news of the Indian Army conducting surgical strikes across the Line of Control in Pakistani territory led investors to shun risky assets as tension between the two neighbouring countries mounted.
Asian stocks plunged today as concerns over Deutsche Bank’s finances led to a sell-off in financial shares worldwide as investors braced for a hit to the global financial system. While Shanghai Composite was trading with modest gains, Hang Seng plunged over 1.4 per cent and Nikkei 225 tumbled over 1.5 per cent as Japanese consumer prices declined for a sixth straight month in August and as a stronger yen curbed the lure for exporter stocks. Fears of a fresh contagion in the global banking sector weighed heavily on Wall Street on Thursday as US stocks took quite a beating. Shares of Deutsche Bank hit a record low in the US as reports surfaced that some hedge funds were moving to reduce their financial exposure to the bank. Meanwhile, US Q2 economic growth was revised up to 1.4 per cent from 1.1 per cent earlier, jobless claims rose 3,000 to 254,000 last week and pending home sales fell 2.4 per cent to a seven-month low in August, signaling a mixed picture for the economy.
Top traded Volumes on NSE Nifty – Kotak Mahindra Bank Ltd. 55058370.00, ICICI Bank Ltd. 43764238.00, State Bank of India 27870695.00, Bharat Heavy Electricals Ltd. 17649238.00 and ITC Ltd. 17433461.00.
On BSE, total number of shares traded was 48.87 Crore and total turnover stood at Rs. 5428.13 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 841193 with a total turnover of Rs. 58105.67 Crore. Along with this total number of contracts traded in stock futures were 1999097 with a total turnover of Rs. 138017.75 Crore. Total numbers of contracts for index options were 12208319 with a total turnover of Rs. 846546.79 Crore and total numbers of contracts for stock options were 661457 with a total turnover of Rs. 48844.45 Crore.
The FIIs on 29/09/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5652.76 Crore and gross debt purchased stood at Rs. 1450.53 Crore, while the gross equity sold stood at Rs. 4678.26 Crore and gross debt sold stood at Rs. 373.64 Crore. Therefore, the net investment of equity and debt reported were Rs. 974.50 Crore and Rs. 1076.89 Crore.
