Pre Session: Sensex, Nifty seen opening flat on muted global cues : 16/12/2016 08:29

Pre Session: Sensex, Nifty seen opening flat on muted global cues : 16/12/2016 08:29
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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Indian equities are likely to open on a flat note with positive bias on Friday as global sentiment remained fragile after the US Federal Reserve raised key interest rates and indicated of faster pace of tightening next year. Muted trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,175.00, down by 6 points or 0.07 per cent, at 10:52 AM Singapore time, also signaled a flat start for Sensex. Overseas, Asian markets were trading mixed, while US stocks edged higher on Thursday, led by rally in banking stocks, as investors gave thumbs up to the Fed rates hike.

On Thursday, the Indian benchmark indices ended tad lower for the second straight session, tracking a weak trend at other Asian markets, as investor sentiment were spooked by the Federal Reserve’s decision to rise key interest rate by 25 basis points, a move that would curb appetite for riskier assets. Persistent fund outflows by foreign investors and uncertainty about near term economic outlook following demonetization also weighed on sentiment. The 30-share benchmark index closed trade at 26519.07, down by 83.77 points or by 0.31 per cent, and the NSE Nifty ended at 8153.6, down by 28.85 points or by 0.35 per cent.

Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 21899638.00, Tata Power Company Ltd. 18054475.00, Axis Bank Ltd. 18021627.00, State Bank of India 12274497.00, Oil And Natural Gas Corporation Ltd. 10011138.00.

On NSE, total number of shares traded was 79.60 Crore and total turnover stood at Rs. 17108.61 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 327047 with a total turnover of Rs. 21627.43 Crore. Along with this total number of contracts traded in stock futures were 503033 with a total turnover of Rs. 33155.97 Crore. Total numbers of contracts for index options were 8062829 with a total turnover of Rs. 559400.50 Crore and total numbers of contracts for stock options were 315713 with a total turnover of Rs. 21259.26 Crore.

The FIIs on December 15, 2016 stood as net seller in equity but turned net buyer in debt segment. Gross equity purchased stood at Rs. 4295.79 Crore and gross debt purchased stood at Rs. 660.86 Crore, while the gross equity sold stood at Rs. 4772.86 Crore and gross debt sold stood at Rs. 534.12 Crore. Therefore, the net investment of equity and debt reported were Rs. -477.07 Crore and Rs. 126.74.