Pre Session-Bulls may continue to hog the limelight at D-Street
19/10/2016 08:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
Indian equity benchmarks are set to witness a gap up opening on Wednesday tracking a bullish trend across most markets in Asia and a positive finish at Wall Street overnight as signs of stabilization in the Chinese economy and strong US corporate earnings indicated an improving global outlook, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,682.5, up by 14.5 points or 0.17 per cent at 10:28 AM Singapore time, signal that the Sensex may open higher today. Shares of NIIT, Hindustan Zinc and Tata Coffee will be in focus as these companies reveal their September quarter earnings. Optimism over the Indian economy amid swift progress on the implementation of GST and firm growth focus by the RBI may also buoy sentiment. Minutes from the RBI’s first ever monetary policy committee meeting released on Tuesday showed that concerns over growth took precedence over inflation which has softened lately, leaving room for monetary easing. Meanwhile, the GST Council has reached an agreement over a formula to compensate states for any loss of revenue owing to the new system. The contentious issue of tax rates is next on the agenda. On Tuesday, the 30-share Sensex rallied by a whopping 520.91 points or by 1.89 per cent to end at 28,050.88 driven by a firm global trend, advance in financial shares and GST progress.
Most Asian stocks rose as China’s economy was stable in the September quarter, while oil prices rallied. China’s Q3 GDP growth came in at 6.7 per cent, matching forecasts. Shanghai Composite rose, Hang Seng declined while Nikkei 225 was higher amid speculation that the US Fed may adopt a gradual pace of policy tightening. Robust Q3 earnings from the likes of Goldman Sachs and Netflix, coupled with improving US inflation boosted Wall Street on Tuesday. Consumer prices in the US rose at the fastest pace in five months, up 0.3 per cent in September 2016 from the previous month, a sign that inflation may be reaching near the Fed’s goal.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 38056096.00, State Bank of India 20218355.00, Axis Bank Ltd. 13532992.00, Idea Cellular Ltd. 12077234.00 and ITC Ltd. 11780776.00.
On BSE, total number of shares traded was 71.48 Crore and total turnover stood at Rs. 7210.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 284849 with a total turnover of Rs. 19786.08 Crore. Along with this total number of contracts traded in stock futures were 594681 with a total turnover of Rs. 43006.24 Crore. Total numbers of contracts for index options were 4591580 with a total turnover of Rs. 319226.89 Crore and total numbers of contracts for stock options were 398015 with a total turnover of Rs. 29011.57 Crore.
The FIIs on 18/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4762.49 Crore and gross debt purchased stood at Rs. 975.82 Crore, while the gross equity sold stood at Rs. 4982.15 Crore and gross debt sold stood at Rs. 2032.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -219.66 Crore and Rs. -1056.71 Crore.
19/10/2016 08:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Indian equity benchmarks are set to witness a gap up opening on Wednesday tracking a bullish trend across most markets in Asia and a positive finish at Wall Street overnight as signs of stabilization in the Chinese economy and strong US corporate earnings indicated an improving global outlook, bolstering risk taking appetite. Gains in the SGX Nifty Index Futures for October delivery which were trading at 8,682.5, up by 14.5 points or 0.17 per cent at 10:28 AM Singapore time, signal that the Sensex may open higher today. Shares of NIIT, Hindustan Zinc and Tata Coffee will be in focus as these companies reveal their September quarter earnings. Optimism over the Indian economy amid swift progress on the implementation of GST and firm growth focus by the RBI may also buoy sentiment. Minutes from the RBI’s first ever monetary policy committee meeting released on Tuesday showed that concerns over growth took precedence over inflation which has softened lately, leaving room for monetary easing. Meanwhile, the GST Council has reached an agreement over a formula to compensate states for any loss of revenue owing to the new system. The contentious issue of tax rates is next on the agenda. On Tuesday, the 30-share Sensex rallied by a whopping 520.91 points or by 1.89 per cent to end at 28,050.88 driven by a firm global trend, advance in financial shares and GST progress.
Most Asian stocks rose as China’s economy was stable in the September quarter, while oil prices rallied. China’s Q3 GDP growth came in at 6.7 per cent, matching forecasts. Shanghai Composite rose, Hang Seng declined while Nikkei 225 was higher amid speculation that the US Fed may adopt a gradual pace of policy tightening. Robust Q3 earnings from the likes of Goldman Sachs and Netflix, coupled with improving US inflation boosted Wall Street on Tuesday. Consumer prices in the US rose at the fastest pace in five months, up 0.3 per cent in September 2016 from the previous month, a sign that inflation may be reaching near the Fed’s goal.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 38056096.00, State Bank of India 20218355.00, Axis Bank Ltd. 13532992.00, Idea Cellular Ltd. 12077234.00 and ITC Ltd. 11780776.00.
On BSE, total number of shares traded was 71.48 Crore and total turnover stood at Rs. 7210.73 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 284849 with a total turnover of Rs. 19786.08 Crore. Along with this total number of contracts traded in stock futures were 594681 with a total turnover of Rs. 43006.24 Crore. Total numbers of contracts for index options were 4591580 with a total turnover of Rs. 319226.89 Crore and total numbers of contracts for stock options were 398015 with a total turnover of Rs. 29011.57 Crore.
The FIIs on 18/10/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4762.49 Crore and gross debt purchased stood at Rs. 975.82 Crore, while the gross equity sold stood at Rs. 4982.15 Crore and gross debt sold stood at Rs. 2032.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -219.66 Crore and Rs. -1056.71 Crore.
