Pre Session: Another flat opening on the cards for Sensex amid muted Asian trend : 20/12/2016 08:27
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are poised to open little changed, with a negative bias, on Tuesday tracking muted cues from fellow Asian markets as traders begin to quiet down in the lead-up to Christmas. Muted trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,124.50, down by 7.5 points or 0.09 per cent, at 10:42 AM Singapore time, also signaled a flat start for Sensex. The investors would react to the government’s decision to cut EPFO rate to 8.65 per cent for FY17 against 8.8 per cent in FY16 following the recent decline in yields. On the corporate front, Tata group companies would remain in focus after ousted Tata Group Chairman Cyrus Mistry resigned from the boards of six listed companies and vowed to take his fight against the Tatas to a legal forum.
On the global front, Asian markets were trading mostly lower as attacks in Turkey and Germany made stocks pare their gains, while caution prevailed ahead of the Bank of Japan’s final policy meeting of the year. China’s Shanghai Composite fell 0.4 per cent and the Hang Seng dipped 0.06 per cent, while Japan’s Nikkei 225 was trading flat with slightly negative bias ahead of the BOJ’s meeting later in the day. In the overnight trade, Wall Street extended a rally that pushed US stocks to record high as investors continued to hope that the newly elected US President-elect Donald Trump would announce fiscal boost which will support riskier assets.
On Monday, the Indian equities ended lower on sustained selling by foreign portfolio investors and funds, tracking weak trend from fellow Asian peers, as sentiment remained fragile after the US Federal Reserve raised interest rate. Lack of any major cues from domestic or global front also kept investors sidelined.The 30-share benchmark index closed trade at 26374.7, down by 114.86 points or by 0.43 per cent, and the NSE Nifty was at 8104.35, down by 35.1 points or by 0.43 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 8371299.00, ICICI Bank Ltd. 6743357.00, Oil and Natural Gas Corporation Ltd. 6134651.00, Hindalco Industries Ltd. 5526669.00, ITC Ltd. 5455325.00.
On NSE, total number of shares traded was 64.09 Crore and total turnover stood at Rs. 13299.21 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 116850 with a total turnover of Rs. 7675.15 Crore. Along with this total number of contracts traded in stock futures were 343932 with a total turnover of Rs. 22660.11 Crore. Total numbers of contracts for index options were 2262640 with a total turnover of Rs. 147809.43 Crore and total numbers of contracts for stock options were 240656 with a total turnover of Rs. 16577.12 Crore.
The FIIs on December 19, 2016 stood as net buyer in equity but turned net seller in debt segment. Gross equity purchased stood at Rs. 7138.05 Crore and gross debt purchased stood at Rs. 308.08 Crore, while the gross equity sold stood at Rs. 6883.19 Crore and gross debt sold stood at Rs. 1515.69 Crore. Therefore, the net investment of equity and debt reported were Rs. 254.86 Crore and Rs. -1207.61.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are poised to open little changed, with a negative bias, on Tuesday tracking muted cues from fellow Asian markets as traders begin to quiet down in the lead-up to Christmas. Muted trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,124.50, down by 7.5 points or 0.09 per cent, at 10:42 AM Singapore time, also signaled a flat start for Sensex. The investors would react to the government’s decision to cut EPFO rate to 8.65 per cent for FY17 against 8.8 per cent in FY16 following the recent decline in yields. On the corporate front, Tata group companies would remain in focus after ousted Tata Group Chairman Cyrus Mistry resigned from the boards of six listed companies and vowed to take his fight against the Tatas to a legal forum.
On the global front, Asian markets were trading mostly lower as attacks in Turkey and Germany made stocks pare their gains, while caution prevailed ahead of the Bank of Japan’s final policy meeting of the year. China’s Shanghai Composite fell 0.4 per cent and the Hang Seng dipped 0.06 per cent, while Japan’s Nikkei 225 was trading flat with slightly negative bias ahead of the BOJ’s meeting later in the day. In the overnight trade, Wall Street extended a rally that pushed US stocks to record high as investors continued to hope that the newly elected US President-elect Donald Trump would announce fiscal boost which will support riskier assets.
On Monday, the Indian equities ended lower on sustained selling by foreign portfolio investors and funds, tracking weak trend from fellow Asian peers, as sentiment remained fragile after the US Federal Reserve raised interest rate. Lack of any major cues from domestic or global front also kept investors sidelined.The 30-share benchmark index closed trade at 26374.7, down by 114.86 points or by 0.43 per cent, and the NSE Nifty was at 8104.35, down by 35.1 points or by 0.43 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 8371299.00, ICICI Bank Ltd. 6743357.00, Oil and Natural Gas Corporation Ltd. 6134651.00, Hindalco Industries Ltd. 5526669.00, ITC Ltd. 5455325.00.
On NSE, total number of shares traded was 64.09 Crore and total turnover stood at Rs. 13299.21 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 116850 with a total turnover of Rs. 7675.15 Crore. Along with this total number of contracts traded in stock futures were 343932 with a total turnover of Rs. 22660.11 Crore. Total numbers of contracts for index options were 2262640 with a total turnover of Rs. 147809.43 Crore and total numbers of contracts for stock options were 240656 with a total turnover of Rs. 16577.12 Crore.
The FIIs on December 19, 2016 stood as net buyer in equity but turned net seller in debt segment. Gross equity purchased stood at Rs. 7138.05 Crore and gross debt purchased stood at Rs. 308.08 Crore, while the gross equity sold stood at Rs. 6883.19 Crore and gross debt sold stood at Rs. 1515.69 Crore. Therefore, the net investment of equity and debt reported were Rs. 254.86 Crore and Rs. -1207.61.
