Pre Session: Bullish trade likely to continue at Dalal-Street; BEL, Dr. Reddy Lab in focus : 22/02/2017 08:36
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
On Tuesday, the key equity benchmarks ended higher for the fourth straight session on late buying in Midcap and Smallcap indices. IT and Teck stocks extended buying momentum following share buyback by IT bellwether Tata Consultancy Services. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28761.59, up by 100.01 points or by 0.35 per cent, and the NSE Nifty ended at 8907.85, up by 28.65 points or by 0.32 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 20247348.00, Axis Bank Ltd. 16440027.00, Hindalco Industries Ltd. 13307165.00, ICICI Bank Ltd. 10262388.00, ITC Ltd. 9871075.00.
On NSE, total number of shares traded was 112.95 Crore and total turnover stood at Rs. 22346.46 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 393696 with a total turnover of Rs. 27892.35 Crore. Along with this total number of contracts traded in stock futures were 1303417 with a total turnover of Rs. 89942.81 Crore. Total numbers of contracts for index options were 4938233 with a total turnover of Rs. 358852.14 Crore and total numbers of contracts for stock options were 539597 with a total turnover of Rs. 38000.15 Crore.
As on February 20, 2017, the FIIs stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 13274.72 Crore and gross debt purchased stood at Rs. 487.71 Crore, while the gross equity sold stood at Rs. 5215.43 Crore and gross debt sold stood at Rs. 437.32 Crore. Therefore, the net investment of equity and debt reported were Rs. 8059.29 Crore and Rs. 50.39.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are poised to open higher on Wednesday on sustained buying by foreign portfolio investors (FPIs) as well as domestic institutional investors, tracking muted cues from fellow Asian peers. In lack of any major trigger on domestic front, investors will keep an eye on macro data from China and Euro Zone to set direction for markets. Bullish trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,920.50, up by 10 points or 0.11 per cent, at 10:56 AM Singapore time, also signaled a positive opening for Sensex. After strong rally in the last few sessions, the market may see some volatility as investors will rollover their position ahead of February F&O expiry on Thursday. With corporate earnings season come to an end, traders will shift focus to the outcome of the state election results for more clarity on the government's capacity to revive stalled reforms, which will set future direction for markets. The market may see stocks specific movement with Dr Reddy’s Laboratories in focus after the US Food and Drug Administration (US FDA) had made three adverse observations on completion of an audit of its active ingredients (APIs) manufacturing facility at Miryalaguda in Telangana. BEL will also remain in focus as government will sell 5 per cent stake in the company.On Tuesday, the key equity benchmarks ended higher for the fourth straight session on late buying in Midcap and Smallcap indices. IT and Teck stocks extended buying momentum following share buyback by IT bellwether Tata Consultancy Services. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28761.59, up by 100.01 points or by 0.35 per cent, and the NSE Nifty ended at 8907.85, up by 28.65 points or by 0.32 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 20247348.00, Axis Bank Ltd. 16440027.00, Hindalco Industries Ltd. 13307165.00, ICICI Bank Ltd. 10262388.00, ITC Ltd. 9871075.00.
On NSE, total number of shares traded was 112.95 Crore and total turnover stood at Rs. 22346.46 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 393696 with a total turnover of Rs. 27892.35 Crore. Along with this total number of contracts traded in stock futures were 1303417 with a total turnover of Rs. 89942.81 Crore. Total numbers of contracts for index options were 4938233 with a total turnover of Rs. 358852.14 Crore and total numbers of contracts for stock options were 539597 with a total turnover of Rs. 38000.15 Crore.
As on February 20, 2017, the FIIs stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 13274.72 Crore and gross debt purchased stood at Rs. 487.71 Crore, while the gross equity sold stood at Rs. 5215.43 Crore and gross debt sold stood at Rs. 437.32 Crore. Therefore, the net investment of equity and debt reported were Rs. 8059.29 Crore and Rs. 50.39.
