Pre Session: Markets may open flat on mixed Asian cues
31/03/2017 08:13
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open flat on Friday amid mixed cues from Asian peers.
On the economic front, the 13th sitting of the GST Council will take place on Friday in the backdrop of four key Goods and Services Tax (GST) Bills - the Centre GST, the Union Territory GST, the Integrated GST, and the compensation law getting the Parliamentary nod. Also, the Government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.
The Asian markets have opened mostly mixed as investors digested a mixed set of economic data out of east Asia, while the Wall Street closed higher on Thursday after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending,
Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9183.50, down by 11 points or 0.12 per cent, at 10:36 AM Singapore time, signalled a flat to lower opening for the domestic bourses.
On Thursday, the Indian equity extended gaining momentum for the third day in narrow trade, helped by realty and consumer durables stocks on hopes of GST rollout. The market sentiment also got a lift after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29647.42, up by 115.99 points or by 0.39 per cent, and the NSE Nifty ended at 9173.75, up by 29.95 points or by 0.33 per cent.
Top traded Volumes on NSE Nifty – Idea Cellular Ltd. 44253991.00, State Bank of India 19683170.00, Bank of Baroda 19317655.00, GAIL (India) Ltd. 18058943.00, Hindalco Industries Ltd. 16296796.00. On NSE, total number of shares traded was 198.02 Crore and total turnover stood at Rs. 42229.30 Crore. On NSE Future and Options, total number of contracts traded in index futures was 446721 with a total turnover of Rs. 33099.19 Crore. Along with this total number of contracts traded in stock futures were 1629227 with a total turnover of Rs. 117889.15 Crore. Total numbers of contracts for index options were 9095558 with a total turnover of Rs. 700164.42 Crore. and total numbers of contracts for stock options were 571364 with a total turnover of Rs. 43651.70 Crore. The FIIs on 30/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 9353.32 Crore and gross debt purchased stood at Rs. 3013.44 Crore, while the gross equity sold stood at Rs. 8673.26 Crore and gross debt sold stood at Rs. 1980.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 680.06 Crore and Rs. 1032.90.
31/03/2017 08:13
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are set to open flat on Friday amid mixed cues from Asian peers.
On the economic front, the 13th sitting of the GST Council will take place on Friday in the backdrop of four key Goods and Services Tax (GST) Bills - the Centre GST, the Union Territory GST, the Integrated GST, and the compensation law getting the Parliamentary nod. Also, the Government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.
The Asian markets have opened mostly mixed as investors digested a mixed set of economic data out of east Asia, while the Wall Street closed higher on Thursday after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending,
Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9183.50, down by 11 points or 0.12 per cent, at 10:36 AM Singapore time, signalled a flat to lower opening for the domestic bourses.
On Thursday, the Indian equity extended gaining momentum for the third day in narrow trade, helped by realty and consumer durables stocks on hopes of GST rollout. The market sentiment also got a lift after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29647.42, up by 115.99 points or by 0.39 per cent, and the NSE Nifty ended at 9173.75, up by 29.95 points or by 0.33 per cent.
Top traded Volumes on NSE Nifty – Idea Cellular Ltd. 44253991.00, State Bank of India 19683170.00, Bank of Baroda 19317655.00, GAIL (India) Ltd. 18058943.00, Hindalco Industries Ltd. 16296796.00. On NSE, total number of shares traded was 198.02 Crore and total turnover stood at Rs. 42229.30 Crore. On NSE Future and Options, total number of contracts traded in index futures was 446721 with a total turnover of Rs. 33099.19 Crore. Along with this total number of contracts traded in stock futures were 1629227 with a total turnover of Rs. 117889.15 Crore. Total numbers of contracts for index options were 9095558 with a total turnover of Rs. 700164.42 Crore. and total numbers of contracts for stock options were 571364 with a total turnover of Rs. 43651.70 Crore. The FIIs on 30/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 9353.32 Crore and gross debt purchased stood at Rs. 3013.44 Crore, while the gross equity sold stood at Rs. 8673.26 Crore and gross debt sold stood at Rs. 1980.54 Crore. Therefore, the net investment of equity and debt reported were Rs. 680.06 Crore and Rs. 1032.90.
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