Pre Session: Muted opening seen for Sensex, Nifty; Feb auto sales eyed 01/03/2017 08:39
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are poised to open flat to lower on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade, as market will continue to remain vulnerable to bouts of profit taking. Muted trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,914.00, up by 2.5 points or 0.03 per cent, at 11:00 AM Singapore time, also signaled a flat opening for Sensex. The investors would react to better-than-expected 7 per cent GDP growth in the third quarter, which made India the fastest-growing large economy in the world but also helped the Central Statistics Office (CSO) retain its earlier projection for full-year GDP growth at 7.1 per cent. However, India’s core sector growth slipped to a five month low of 3.4 per cent in January, while the government's fiscal deficit for April-January 2017 overshot the Budget estimate for the full year at 105.7 per cent. The trades will also keep an eye on Nikkei India Manufacturing PMI, while auto companies will unveil their sales figures for the February month. On Tuesday, the Indian benchmarks ended lower for the second straight session, weighed down by losses in oil&gas and PSU stocks, as traders remained vulnerable to bouts of profit taking ahead of the US President Donald Trump's first address to the US Congress later today. However, firm trading across broader markets capped losses, with MidCap and SmallCap indices rising as much as 0.14 and 0.59 per cent respectively. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28743.32, down by 69.56 points or by 0.24 per cent, and the NSE Nifty ended at 8879.6, down by 17.1 points or by 0.19 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 54891917.00, Mahindra & Mahindra Ltd. 31171453.00, Grasim Industries Ltd. 25358922.00, ICICI Bank Ltd. 16527127.00, NTPC Ltd. 14041822.00.
On NSE, total number of shares traded was 143.84 Crore and total turnover stood at Rs. 27515.84 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 138440 with a total turnover of Rs. 9986.79 Crore. Along with this total number of contracts traded in stock futures were 564877 with a total turnover of Rs. 41519.85 Crore. Total numbers of contracts for index options were 2325945 with a total turnover of Rs. 180523.73 Crore and total numbers of contracts for stock options were 260082 with a total turnover of Rs. 19719.38 Crore.
As on February 28, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5185.67 Crore and gross debt purchased stood at Rs. 1014.89 Crore, while the gross equity sold stood at Rs. 5331.00 Crore and gross debt sold stood at Rs. 355.89 Crore. Therefore, the net investment of equity and debt reported were Rs. -145.33 Crore and Rs. 659.00.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are poised to open flat to lower on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade, as market will continue to remain vulnerable to bouts of profit taking. Muted trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,914.00, up by 2.5 points or 0.03 per cent, at 11:00 AM Singapore time, also signaled a flat opening for Sensex. The investors would react to better-than-expected 7 per cent GDP growth in the third quarter, which made India the fastest-growing large economy in the world but also helped the Central Statistics Office (CSO) retain its earlier projection for full-year GDP growth at 7.1 per cent. However, India’s core sector growth slipped to a five month low of 3.4 per cent in January, while the government's fiscal deficit for April-January 2017 overshot the Budget estimate for the full year at 105.7 per cent. The trades will also keep an eye on Nikkei India Manufacturing PMI, while auto companies will unveil their sales figures for the February month. On Tuesday, the Indian benchmarks ended lower for the second straight session, weighed down by losses in oil&gas and PSU stocks, as traders remained vulnerable to bouts of profit taking ahead of the US President Donald Trump's first address to the US Congress later today. However, firm trading across broader markets capped losses, with MidCap and SmallCap indices rising as much as 0.14 and 0.59 per cent respectively. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28743.32, down by 69.56 points or by 0.24 per cent, and the NSE Nifty ended at 8879.6, down by 17.1 points or by 0.19 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 54891917.00, Mahindra & Mahindra Ltd. 31171453.00, Grasim Industries Ltd. 25358922.00, ICICI Bank Ltd. 16527127.00, NTPC Ltd. 14041822.00.
On NSE, total number of shares traded was 143.84 Crore and total turnover stood at Rs. 27515.84 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 138440 with a total turnover of Rs. 9986.79 Crore. Along with this total number of contracts traded in stock futures were 564877 with a total turnover of Rs. 41519.85 Crore. Total numbers of contracts for index options were 2325945 with a total turnover of Rs. 180523.73 Crore and total numbers of contracts for stock options were 260082 with a total turnover of Rs. 19719.38 Crore.
As on February 28, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5185.67 Crore and gross debt purchased stood at Rs. 1014.89 Crore, while the gross equity sold stood at Rs. 5331.00 Crore and gross debt sold stood at Rs. 355.89 Crore. Therefore, the net investment of equity and debt reported were Rs. -145.33 Crore and Rs. 659.00.
