Pre Session: Sensex seen opening higher on oil deal, GDP data : 01/12/2016 08:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equity benchmarks may see gap up opening on Thursday, tracking firm cues from Asian peers as the Organisation of the Petroleum Exporting Countries (Opec) agreed to cut crude oil production which is likely to reverberate in markets around the world. The investors will also react to India’s GDP and core sector industries which notched up solid growth in July-September quarter. The economy expanded 7.3 per cent in the July-September quarter, higher than the 7.1 per cent in the previous one, data from the Central Statistics Office showed on Wednesday. Solid gains in the SGX Nifty Index Futures for December delivery which were trading at 8,260.50, up by 20.50 points or 0.25 per cent, at 11:00 AM Singapore time, signal that the Sensex may open higher today.
On Wednesday, the Indian benchmark indices ended higher for the fourth straight session amid sustained buying by domestic and foreign institutional investors on hopes of positive GDP data. The market saw surge in buying across bank, capital goods, healthcare, consumer durables, realty, oil & gas and PSUs stocks, tracking firm trends from fellow Asian peers. The 30-share benchmark index closed trade at 26652.81, up by 258.8 points or by 0.98 per cent, and the NSE Nifty ended at 8224.5, up by 82.35 points or by 1.01 per cent.
On the global front, Asian stocks were trading higher with Japan’s Nikkei 225 leading the gain as Opec clinched a deal to cut global oil output boosted energy shares. China’s Shanghai Composite rose 0.7 per cent, and Hong Kong advanced 0.8 per cent. Nikkei 225 surged over 2 per cent as robust US jobs data pushed the dollar back to a nine-month high versus the yen. In the overnight trade, Wall Street ended mostly lower, paring early gains, despite Opec deal to cut crude oil production, as traders awaited the payrolls data on Friday which will further indicate the Federal Reserve stance on interest rate cut.
Top traded Volumes on NSE Nifty were Bharat Petroleum Corporation Ltd. 25612966.00, ICICI Bank Ltd. 18846449.00, State Bank of India 16501691.00, Hindalco Industries Ltd. 15095725.00, Axis Bank Ltd. 13575386.00.
On NSE, total number of shares traded was 130.41 Crore and total turnover stood at Rs. 31536.06 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 254727 with a total turnover of Rs. 17047.55 Crore. Along with this total number of contracts traded in stock futures were 507839 with a total turnover of Rs. 34489.68 Crore. Total numbers of contracts for index options were 4055983 with a total turnover of Rs. 284766.72 Crore and total numbers of contracts for stock options were 221325 with a total turnover of Rs. 15572.81 Crore.
The FIIs on November 30, 2016 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 4715.12 Crore and gross debt purchased stood at Rs. 1432.18 Crore, while the gross equity sold stood at Rs. 5367.87 Crore and gross debt sold stood at Rs. 2420.18 Crore. Therefore, the net investment of equity and debt reported were Rs. -652.75 Crore and Rs. -988.00.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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On Wednesday, the Indian benchmark indices ended higher for the fourth straight session amid sustained buying by domestic and foreign institutional investors on hopes of positive GDP data. The market saw surge in buying across bank, capital goods, healthcare, consumer durables, realty, oil & gas and PSUs stocks, tracking firm trends from fellow Asian peers. The 30-share benchmark index closed trade at 26652.81, up by 258.8 points or by 0.98 per cent, and the NSE Nifty ended at 8224.5, up by 82.35 points or by 1.01 per cent.
On the global front, Asian stocks were trading higher with Japan’s Nikkei 225 leading the gain as Opec clinched a deal to cut global oil output boosted energy shares. China’s Shanghai Composite rose 0.7 per cent, and Hong Kong advanced 0.8 per cent. Nikkei 225 surged over 2 per cent as robust US jobs data pushed the dollar back to a nine-month high versus the yen. In the overnight trade, Wall Street ended mostly lower, paring early gains, despite Opec deal to cut crude oil production, as traders awaited the payrolls data on Friday which will further indicate the Federal Reserve stance on interest rate cut.
Top traded Volumes on NSE Nifty were Bharat Petroleum Corporation Ltd. 25612966.00, ICICI Bank Ltd. 18846449.00, State Bank of India 16501691.00, Hindalco Industries Ltd. 15095725.00, Axis Bank Ltd. 13575386.00.
On NSE, total number of shares traded was 130.41 Crore and total turnover stood at Rs. 31536.06 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 254727 with a total turnover of Rs. 17047.55 Crore. Along with this total number of contracts traded in stock futures were 507839 with a total turnover of Rs. 34489.68 Crore. Total numbers of contracts for index options were 4055983 with a total turnover of Rs. 284766.72 Crore and total numbers of contracts for stock options were 221325 with a total turnover of Rs. 15572.81 Crore.
The FIIs on November 30, 2016 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 4715.12 Crore and gross debt purchased stood at Rs. 1432.18 Crore, while the gross equity sold stood at Rs. 5367.87 Crore and gross debt sold stood at Rs. 2420.18 Crore. Therefore, the net investment of equity and debt reported were Rs. -652.75 Crore and Rs. -988.00.
