Pre-Session- Gap up opening seen at D-Street on US election hopes:07/11/2016 08:29

Pre-Session- Gap up opening seen at D-Street on US election hopes:07/11/2016 08:29
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE



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Indian equity benchmarks are likely to open higher on Monday tracking a positive trend across markets in Asia after the Federal Bureau of Investigation maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House, bolstering risk taking appetite. Aside from the November 8 election, the focus this week will be on the quarterly earnings data from key companies such as ICICI Bank, SBI, Bharat Heavy Electricals, Lupin, BPCL and Mahindra & Mahindra. The industrial output data for September will also be due this week, which will offer fresh cues over the health of Asia’s third biggest economy. India’s industrial output fell 0.7 per cent in August 2016, year-on-year, marking a second straight month of contraction. The 30-share Sensex last week fell 667.36 points, or 2.38 per cent to 27,274.15 as investors were jittery amid the looming US elections.

Asian stocks rose on hopes that Donald Trump’s Presidential campaign is faltering while the latest verdict by the FBI on Clinton was seen as a major positive in her fight to become the next US President. Shanghai Composite was trading tad higher, Hang Seng rose and Japan’s Nikkei 225 surged over 1 per cent as a weaker yen bolstered the appeal of exporter stocks. Wall Street posted its longest slide since 1980 as US stocks fell on Friday amid US election uncertainty, overshadowing data showing progress in the labour market. The world’s biggest economy added 161,000 jobs in October, the jobless rate fell while wages rose the most since June 2009.

Top traded Volumes on NSE Nifty – ITC Ltd. 35263032.00, Sun Pharmaceutical Industries Ltd. 17908933.00, ICICI Bank Ltd. 14874085.00, Hindalco Industries Ltd. 14042173.00 and State Bank of India 12657669.00.

On BSE, total number of shares traded was 36.83 Crore and total turnover stood at Rs. 4545.34 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 251881 with a total turnover of Rs. 17013.11 Crore. Along with this total number of contracts traded in stock futures were 645310 with a total turnover of Rs. 42487.11 Crore. Total numbers of contracts for index options were 2797024 with a total turnover of Rs. 189477.67 Crore and total numbers of contracts for stock options were 400092 with a total turnover of Rs. 27713.48 Crore.

The FIIs on 04/11/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3827.03 Crore and gross debt purchased stood at Rs. 1224.64 Crore, while the gross equity sold stood at Rs. 3754.00 Crore and gross debt sold stood at Rs. 1047.94 Crore. Therefore, the net investment of equity and debt reported were Rs. 73.03 Crore and Rs. 176.70 Crore.