NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open lower on Monday, tracking mixed cues from Asian peers, as investors would react to deal between Opec and non-Opec member to cut crude output, ahead of data on November retail inflation (CPI) later in the day. The traders would also react to looming uncertainty over the GST bill and index of industrial production (IIP) which contracted to 1.9 per cent in October from 0.7 per cent rise in September and 9.8 per cent in the year-ago month, impacted by demonetisation-led cash crunch. Bearish trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,243.00, down by 33.50 points or 0.41 per cent, at 10:48 AM Singapore time, signaling a negative start for Sensex.
On Friday, the Indian benchmark indices ended higher for the second straight session amid sustained buying by investors and foreign funds, tracking firm global cues. Rate sensitive stocks such as realty and banking index emerged as top gainers after the Reserve Bank of India decided to withdraw the incremental CRR requirement aid sentiment. The 30-share benchmark index closed trade at 26747.18, up by 52.9 points or by 0.2 per cent, and the NSE Nifty ended at 8261.75, up by 14.9 points or by 0.18 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 16004173.00, ICICI Bank Ltd. 15939339.00, Bank of Baroda 10278079.00, Hindalco Industries Ltd. 9543322.00, Tata Power Company Ltd. 9503932.00.
On NSE, total number of shares traded was 87.19 Crore and total turnover stood at Rs. 16860.77 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 188569 with a total turnover of Rs. 12848.90 Crore. Along with this total number of contracts traded in stock futures were 426958 with a total turnover of Rs. 29305.21 Crore. Total numbers of contracts for index options were 2121111 with a total turnover of Rs. 141352.01 Crore and total numbers of contracts for stock options were 243719 with a total turnover of Rs. 17373.93 Crore.
The FIIs on December 09, 2016 stood as net buyer in equity, but net seller in debt segment. ross equity purchased stood at Rs. 4352.68 Crore and gross debt purchased stood at Rs. 803.32 Crore, while the gross equity sold stood at Rs. 3609.50 Crore and gross debt sold stood at Rs. 3204.37 Crore. Therefore, the net investment of equity and debt reported were Rs. 743.18 Crore and Rs. -2401.05.
