Pre Session: Sensex, Nifty seen opening flat on muted global cues : 20/02/2017 08:35

Pre Session: Sensex, Nifty seen opening flat on muted global cues : 20/02/2017 08:35
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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Indian equities are poised to open flat on Monday, tracking muted cues from fellow Asian peers, in lack of any major trigger on domestic front in a truncated expiry week. Muted trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,826.00, up by 2 points or 0.02 per cent, at 10:56 AM Singapore time, also signaled a flat opening for Sensex. 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. On the global front, Asian stocks were trading mixed with Hang Seng and Shanghai edged higher, while Nikkei witnessed selling pressure. On Friday, Wall Street ended higher amid sustained buying following robust US economic data. Back home, the market may see stocks specific movement with Havells India and Lloyd Consumer in focus after the former announced to acquire the later to foray into the consumer durable industry.

On Friday, the key equity benchmarks extended rally for the second day on sustained buying by foreign portfolio investors and gains in indices such as financials, oil&gas and healthcare, tracking firm cues from global peers. However, profit booking across IT, technology, metal and auto stocks restricted market’s gain. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28468.75 up by 167.48 points or by 0.59 per cent, and the NSE Nifty ended at 8821.7, up by 43.7 points or by 0.5 per cent.

Top traded Volumes on NSE Nifty were HDFC Bank Ltd. 100564990.00, Idea Cellular Ltd. 27497908.00, ICICI Bank Ltd. 25905766.00, State Bank of India 17830528.00, Axis Bank Ltd. 12983330.00.

On NSE, total number of shares traded was 118.60 Crore and total turnover stood at Rs. 35434.95 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 355609 with a total turnover of Rs. 26614.26 Crore. Along with this total number of contracts traded in stock futures were 979502 with a total turnover of Rs. 68800.26 Crore. Total numbers of contracts for index options were 5433059 with a total turnover of Rs. 397871.68 Crore and total numbers of contracts for stock options were 529748 with a total turnover of Rs. 38377.74 Crore.

As on February 17, 2017, the FIIs stood as net seller in equity but turned net buyer in debt segment. Gross equity purchased stood at Rs. 5085.23 Crore and gross debt purchased stood at Rs. 337.65 Crore, while the gross equity sold stood at Rs. 5281.60 Crore and gross debt sold stood at Rs. 314.11 Crore. Therefore, the net investment of equity and debt reported were Rs. -196.37 Crore and Rs. 23.54.