Pre Session: Negative opening on cards for Sensex, weak global cues weigh : 02/12/2016 08:33

Pre Session: Negative opening on cards for Sensex, weak global cues weigh : 02/12/2016 08:33
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Indian equity benchmarks are likely to open lower on Friday, tracking weakness in fellow Asian peers after Wall Street ended in red in overnight trade ahead of US job data. The investors will also react to Manufacturing Purchasing Managers' Index (PMI) which slumped in November as rupee demonetisation weighed on new work flows, buying activity and production. The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- a gauge of manufacturing performance -- fell to 52.3, down from October's 22-month high of 54.4. A reading above 50 in terms of manufacturing performance indicates expansion, while anything below it means contraction. Bearish trend in the SGX Nifty Index Futures for December delivery which were trading at 8,157.50, down by 55.50 points or 0.68 per cent, at 11:05 AM Singapore time, signal that the Sensex may open lower today.

Snapping four day gaining streak, the Indian benchmark indices ended tad lower on Thursday amid selling across power, banking, realty and metal stocks, undermining frim cues from fellow Asian peers. Even OPEC deal to cut oil output and robust GDP growth in July-September quarter failed to lift market sentiments. The 30-share benchmark index closed trade at 26559.92, down by 92.89 points or by 0.35 per cent, and the NSE Nifty ended at 8192.9, down by 31.6 points or by 0.38 per cent.

On the global front, Asian stocks retreated on Thursday with Hang Seng leading the decline as investors remained wary ahead of US job data. China’s Shanghai Composite fell 0.24 per cent, and Hong Kong tumbled 1 per cent amid weakness in the yuan. Nikkei 225 declined 0.5 per cent as investors adopted a wait-and-watch approach on global uncertainties. In the overnight trade, Wall Street ended mostly lower as sharp sell-off across technology space dragged the Nasdaq and the S&P 500 indexes, while the Dow managed to end above baseline.

Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 15678720.00, ICICI Bank Ltd. 14356405.00, State Bank of India 12986151.00, Oil And Natural Gas Corporation Ltd. 8502349.00, Tata Motors Ltd. 7706825.00.

On NSE, total number of shares traded was 88.88 Crore and total turnover stood at Rs. 17353.97 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 197248 with a total turnover of Rs. 13277.23 Crore. Along with this total number of contracts traded in stock futures were 476718 with a total turnover of Rs. 31349.53 Crore. Total numbers of contracts for index options were 5673875 with a total turnover of Rs. 407934.95 Crore and total numbers of contracts for stock options were 252533 with a total turnover of Rs. 16905.29 Crore.

The FIIs on December 01, 2016 stood as net seller in equity but turned net buyer in debt segment. Gross equity purchased stood at Rs. 14573.16 Crore and gross debt purchased stood at Rs. 2719.01 Crore, while the gross equity sold stood at Rs. 14933.55 Crore and gross debt sold stood at Rs. 2275.74 Crore. Therefore, the net investment of equity and debt reported were Rs. -360.39 Crore and Rs. 443.27.