Pre-Session-Bearish opening on the cards for Sensex on global sell-off : 02/11/2016 08:21
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equity benchmarks are likely to witness a gap down opening on Wednesday tracking weakness across markets in Asia and an overnight sell-off at Wall Street as anxiety ahead of US Presidential elections, the US Federal Reserve interest rate decision and US October payrolls data curbs risk taking appetite. Latest polls indicated that Democrat Presidential candidate Hillary Clinton and Republican Presidential hopeful Donald Trump are in a tight race for the White House, investors across the globe are in cautious mood ahead of November 8, 2016-the elections day. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,564.5, down by 84.5 points or 0.99 per cent at 10:20 AM Singapore time, signal that the Sensex may open lower today. Shares of HT Media and IL&FS Engineering and Construction Company will be in focus as the companies unveil their September quarter earnings data. Further, auto stocks will also be eyed amid the October sales data. Meanwhile, India’s manufacturing sector is showing sense of picking up with infrastructure growth hitting a three-month high at 5 per cent in September 2016 while the Manufacturing PMI surging to a 22-month high at 54.4 in October from 52.1 in September. With key global events around the corner, the 30-share Sensex on Tuesday fell by 53.6 points or by 0.19 per cent to end at 27,876.61.
Heightened anxiety ahead of the US elections took toll on Asian stocks today. A survey by ABC News/Washington Post put Trump one percentage point ahead of Clinton, adding to the nervousness of traders, following the news that the FBI has reopened its investigation into the Democrat’s use of an unauthorised e-mail server. A Trump win is seen as negative for markets and could also cut the odds of a potential Fed interest rate hike in December. The Fed is likely to keep interest rates steady on Wednesday but may offer some cues over tightening next month. Shanghai Composite fell, Hang Seng tumbled over 1 per cent and Nikkei 225 tanked over 1 per cent as a stronger yen curbed the lure for exporter stocks. US stocks ended lower on Tuesday amid the looming anxiety surrounding US elections. Meanwhile, a US manufacturing gauge rose to 51.9 in October from 51.5 in September, signalling a faster pace of expansion.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 17722418.00, ICICI Bank Ltd. 10613914.00, Axis Bank Ltd. 10425548.00, State Bank of India 10000632.00 and Tata Steel Ltd. 9473737.00.44.
On BSE, total number of shares traded was 29.73 Crore and total turnover stood at Rs. 3318.06 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 165910 with a total turnover of Rs. 11465.16 Crore. Along with this total number of contracts traded in stock futures were 513817 with a total turnover of Rs. 38221.35 Crore. Total numbers of contracts for index options were 2268786 with a total turnover of Rs. 163733.72 Crore and total numbers of contracts for stock options were 268674 with a total turnover of Rs. 20860.58 Crore.
The FIIs on 01/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4701.75 Crore and gross debt purchased stood at Rs. 731.61 Crore, while the gross equity sold stood at Rs. 5569.44 Crore and gross debt sold stood at Rs. 1837.10 Crore. Therefore, the net investment of equity and debt reported were Rs. -867.69 Crore and Rs. -1105.49 Crore.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equity benchmarks are likely to witness a gap down opening on Wednesday tracking weakness across markets in Asia and an overnight sell-off at Wall Street as anxiety ahead of US Presidential elections, the US Federal Reserve interest rate decision and US October payrolls data curbs risk taking appetite. Latest polls indicated that Democrat Presidential candidate Hillary Clinton and Republican Presidential hopeful Donald Trump are in a tight race for the White House, investors across the globe are in cautious mood ahead of November 8, 2016-the elections day. Losses in the SGX Nifty Index Futures for November delivery which were trading at 8,564.5, down by 84.5 points or 0.99 per cent at 10:20 AM Singapore time, signal that the Sensex may open lower today. Shares of HT Media and IL&FS Engineering and Construction Company will be in focus as the companies unveil their September quarter earnings data. Further, auto stocks will also be eyed amid the October sales data. Meanwhile, India’s manufacturing sector is showing sense of picking up with infrastructure growth hitting a three-month high at 5 per cent in September 2016 while the Manufacturing PMI surging to a 22-month high at 54.4 in October from 52.1 in September. With key global events around the corner, the 30-share Sensex on Tuesday fell by 53.6 points or by 0.19 per cent to end at 27,876.61.
Heightened anxiety ahead of the US elections took toll on Asian stocks today. A survey by ABC News/Washington Post put Trump one percentage point ahead of Clinton, adding to the nervousness of traders, following the news that the FBI has reopened its investigation into the Democrat’s use of an unauthorised e-mail server. A Trump win is seen as negative for markets and could also cut the odds of a potential Fed interest rate hike in December. The Fed is likely to keep interest rates steady on Wednesday but may offer some cues over tightening next month. Shanghai Composite fell, Hang Seng tumbled over 1 per cent and Nikkei 225 tanked over 1 per cent as a stronger yen curbed the lure for exporter stocks. US stocks ended lower on Tuesday amid the looming anxiety surrounding US elections. Meanwhile, a US manufacturing gauge rose to 51.9 in October from 51.5 in September, signalling a faster pace of expansion.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 17722418.00, ICICI Bank Ltd. 10613914.00, Axis Bank Ltd. 10425548.00, State Bank of India 10000632.00 and Tata Steel Ltd. 9473737.00.44.
On BSE, total number of shares traded was 29.73 Crore and total turnover stood at Rs. 3318.06 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 165910 with a total turnover of Rs. 11465.16 Crore. Along with this total number of contracts traded in stock futures were 513817 with a total turnover of Rs. 38221.35 Crore. Total numbers of contracts for index options were 2268786 with a total turnover of Rs. 163733.72 Crore and total numbers of contracts for stock options were 268674 with a total turnover of Rs. 20860.58 Crore.
The FIIs on 01/11/2016 stood as net seller in equity and debt. Gross equity purchased stood at Rs. 4701.75 Crore and gross debt purchased stood at Rs. 731.61 Crore, while the gross equity sold stood at Rs. 5569.44 Crore and gross debt sold stood at Rs. 1837.10 Crore. Therefore, the net investment of equity and debt reported were Rs. -867.69 Crore and Rs. -1105.49 Crore.
