Pre-Session: Sensex, Nifty seen open flat on muted global cues : 06/01/2017 08:17

Pre-Session: Sensex, Nifty seen open flat on muted global cues : 06/01/2017 08:17
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Indian equities are set to open flat to higher on Friday following rise in oil prices and stronger rupee, tracking mixed cues from fellow Asian peers after US market ended on subdued note in overnight trade. Bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 8,312.50, up by 22.5 points or 0.27 per cent, at 10:46 AM Singapore time, also signaled a positive start for Sensex. Back home, the upcoming budget and assembly elections in UP, Punjab, Uttarakhand, Goa and Manipur would be key event to watch for which will set future direction for markets.

On Thursday, Indian equity benchmarks ended higher in broad-based rally, tracking firm cue from fellow Asian peers and rally in oil prices. The market saw value-buying in frontline blue-chips after the Finance Minister Arun Jaitley said that tax collection will exceed budget estimates which will help in achieving fiscal deficit target for the current fiscal. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 26878.24, up by 245.11 points or by 0.92 per cent, and the NSE Nifty ended at 8273.8, up by 83.3 points or by 1.02 per cent.

Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 12573335.00, State Bank of India 11970913.00, Hindalco Industries Ltd. 9921362.00, ITC Ltd. 9178665.00, Tata Motors Ltd. 7961242.00.

On NSE, total number of shares traded was 105.18 Crore and total turnover stood at Rs. 19027.21 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 242537 with a total turnover of Rs. 15991.83 Crore. Along with this total number of contracts traded in stock futures were 524967 with a total turnover of Rs. 34221.74 Crore. Total numbers of contracts for index options were 6002434 with a total turnover of Rs. 416085.00 Crore and total numbers of contracts for stock options were 289268 with a total turnover of Rs. 19672.71 Crore.

The FIIs on January 05, 2017 stood as net seller in both equity and debt segment. Gross equity purchased stood at Rs. 3544.24 Crore and gross debt purchased stood at Rs. 963.55 Crore, while the gross equity sold stood at Rs. 4226.17 Crore and gross debt sold stood at Rs. 1440.27 Crore. Therefore, the net investment of equity and debt reported were Rs. -681.93 Crore and Rs. -476.72.