Pre Session: Gap up opening seen for Sensex, Nifty; WPI data eyed : 14/02/2017 08:29
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
In absence of any major trigger, the key domestic benchmarks ended tad higher in choppy trade on Monday as caution prevailed in the market ahead of the consumer price index (CPI) data for January which will released at 5:30 PM today and wholesale price index (WPI) due tomorrow. Rally in global markets amid optimism over US President Donald Trump’s tax reform plans also boosted sentiment back in India. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28351.62, up by 17.37 points or by 0.06 per cent, and the NSE Nifty was at 8805.05, up by 11.5 points or by 0.13 per cent.
Top traded Volumes on NSE Nifty were Bank of Baroda 38352779.00, State Bank of India 19853043.00, Idea Cellular Ltd. 19169323.00, Hindalco Industries Ltd. 17458689.00, ICICI Bank Ltd. 11949486.00.
On NSE, total number of shares traded was 119.19 Crore and total turnover stood at Rs. 19892.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 199965 with a total turnover of Rs. 14307.13 Crore. Along with this total number of contracts traded in stock futures were 560199 with a total turnover of Rs. 40467.77 Crore. Total numbers of contracts for index options were 3761797 with a total turnover of Rs. 274179.75 Crore and total numbers of contracts for stock options were 430465 with a total turnover of Rs. 32322.84 Crore.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are set to open higher on Tuesday, tracking firm cues from fellow Asian peers and strong closing of the Wall Street in overnight trade as investors remained optimist about tax reform by the newly elected President Donald Trump. Bullish trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,836.50, up by 15.5 points or 0.18 per cent, at 10:55 AM Singapore time, also signaled a positive opening for Sensex. Adding to it, sustained buying by foreign portfolio investors may also support market as they rush to avail treaty tax benefit before April 01. The investors will react to Index of Industrial Production (IIP) data which contracted was 0.4 per cent year-on-year in December 2016 due to demonetisation led dip in consumer goods production. Traders will also react to retail inflation which fell to multi-year low of 3.17 per cent in January mainly on account of declining prices of food items including vegetables and pulses. The traders will also keep an eye on wholesale price index (WPI) data for January which will released after market hours today. On the corporate earnings front, nearly 100 companies will release their financial report which includes big names such as, Sun Pharma, Jindal Steel & Power, Adani Enterprises, SpiceJet, Voltas and DLF.In absence of any major trigger, the key domestic benchmarks ended tad higher in choppy trade on Monday as caution prevailed in the market ahead of the consumer price index (CPI) data for January which will released at 5:30 PM today and wholesale price index (WPI) due tomorrow. Rally in global markets amid optimism over US President Donald Trump’s tax reform plans also boosted sentiment back in India. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28351.62, up by 17.37 points or by 0.06 per cent, and the NSE Nifty was at 8805.05, up by 11.5 points or by 0.13 per cent.
Top traded Volumes on NSE Nifty were Bank of Baroda 38352779.00, State Bank of India 19853043.00, Idea Cellular Ltd. 19169323.00, Hindalco Industries Ltd. 17458689.00, ICICI Bank Ltd. 11949486.00.
On NSE, total number of shares traded was 119.19 Crore and total turnover stood at Rs. 19892.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 199965 with a total turnover of Rs. 14307.13 Crore. Along with this total number of contracts traded in stock futures were 560199 with a total turnover of Rs. 40467.77 Crore. Total numbers of contracts for index options were 3761797 with a total turnover of Rs. 274179.75 Crore and total numbers of contracts for stock options were 430465 with a total turnover of Rs. 32322.84 Crore.
