Pre Session- Sensex to open tad lower on mixed Asian cues
06/09/2016 08:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks are likely to witness a flattish opening, with a negative bias, on Tuesday tracking a mixed trend across markets in Asia even as worries over a near-term US interest rate hike eased after Friday’s jobs data came in below expectations. The CNX Nifty Index Futures for September delivery were trading at 8,906.5, down by 0.01 per cent or 1 point at 10:34 AM Singapore time, signaling that the Sensex may open with slim losses today. Shares of GAIL, SAIL, OIL, ONGC, SpiceJet and Coal India will be in focus this week as the companies reveal their April-June 2016 quarter earnings. Upbeat services sector data may support sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy. The Nikkei India Services Business Activity Index climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion. Meanwhile, Urjit Patel has taken charge as the new RBI governor, replacing the charismatic Raghuram Rajan. Markets were closed on Monday on account of Ganesh Chaturthi. Marking its biggest weekly gain in over two months, the Sensex climbed 749.86 points or 2.69 per cent to 28,532.11 last week.
Asian shares were mixed even amidst speculation that the US economy wasn’t strong enough for the Fed to hike interest rates this month. Employers in the US added 151,000 workers in August, compared to an upwardly revised 275,000 gain in July, against an expected 180,000 increase. Shanghai Composite fell and Hang Seng was trading tad lower even as a Chinese services gauge accelerated in August. Nikkei 225 rose as traders hoped for further stimulus form central banks. US stocks were closed on Monday on account of the Labour Day holiday.
Top traded Volumes on NSE Nifty – Idea Cellular Ltd. 50448831.00, Bharti Airtel Ltd. 15330612.00, State Bank of India 11380257.00, Tata Motors Ltd. 10097146.00 and ITC Ltd. 9154358.00.
On BSE, total number of shares traded was 27.49 Crore and total turnover stood at Rs. 3734.37 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 157318 with a total turnover of Rs. 11192.32 Crore. Along with this total number of contracts traded in stock futures were 524038 with a total turnover of Rs. 35769.92 Crore. Total numbers of contracts for index options were 1864808 with a total turnover of Rs. 133549.96 Crore and total numbers of contracts for stock options were 294593 with a total turnover of Rs. 19537.16 Crore.
The FIIs on 02/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3355.76 Crore and gross debt purchased stood at Rs. 2211.22 Crore, while the gross equity sold stood at Rs. 3737.70 Crore and gross debt sold stood at Rs. 1422.97 Crore. Therefore, the net investment of equity and debt reported were Rs. -381.94 Crore and Rs. 788.25 Crore.
06/09/2016 08:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Indian equity benchmarks are likely to witness a flattish opening, with a negative bias, on Tuesday tracking a mixed trend across markets in Asia even as worries over a near-term US interest rate hike eased after Friday’s jobs data came in below expectations. The CNX Nifty Index Futures for September delivery were trading at 8,906.5, down by 0.01 per cent or 1 point at 10:34 AM Singapore time, signaling that the Sensex may open with slim losses today. Shares of GAIL, SAIL, OIL, ONGC, SpiceJet and Coal India will be in focus this week as the companies reveal their April-June 2016 quarter earnings. Upbeat services sector data may support sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy. The Nikkei India Services Business Activity Index climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion. Meanwhile, Urjit Patel has taken charge as the new RBI governor, replacing the charismatic Raghuram Rajan. Markets were closed on Monday on account of Ganesh Chaturthi. Marking its biggest weekly gain in over two months, the Sensex climbed 749.86 points or 2.69 per cent to 28,532.11 last week.
Asian shares were mixed even amidst speculation that the US economy wasn’t strong enough for the Fed to hike interest rates this month. Employers in the US added 151,000 workers in August, compared to an upwardly revised 275,000 gain in July, against an expected 180,000 increase. Shanghai Composite fell and Hang Seng was trading tad lower even as a Chinese services gauge accelerated in August. Nikkei 225 rose as traders hoped for further stimulus form central banks. US stocks were closed on Monday on account of the Labour Day holiday.
Top traded Volumes on NSE Nifty – Idea Cellular Ltd. 50448831.00, Bharti Airtel Ltd. 15330612.00, State Bank of India 11380257.00, Tata Motors Ltd. 10097146.00 and ITC Ltd. 9154358.00.
On BSE, total number of shares traded was 27.49 Crore and total turnover stood at Rs. 3734.37 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 157318 with a total turnover of Rs. 11192.32 Crore. Along with this total number of contracts traded in stock futures were 524038 with a total turnover of Rs. 35769.92 Crore. Total numbers of contracts for index options were 1864808 with a total turnover of Rs. 133549.96 Crore and total numbers of contracts for stock options were 294593 with a total turnover of Rs. 19537.16 Crore.
The FIIs on 02/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 3355.76 Crore and gross debt purchased stood at Rs. 2211.22 Crore, while the gross equity sold stood at Rs. 3737.70 Crore and gross debt sold stood at Rs. 1422.97 Crore. Therefore, the net investment of equity and debt reported were Rs. -381.94 Crore and Rs. 788.25 Crore.
