Pre Session: Markets may open higher in early trade 15/03/2017 08:29

Pre Session: Markets may open higher in early trade
15/03/2017 08:29
NIFTY FUT  TREND             :SELL ZONE
BANKNIFTY FUT  TREND : SELL ZONE


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The Indian benchmarks are set to open higher on Wednesday riding on the political certainty from the state assembly elections results. This, even as global markets wait for cues from the US Federal Reserve’s monetary policy meeting, which is expected to announce a rise in interest rates.

Asian markets have opened mostly lower as traders awaited a decision on interest rates from the US Federal Reserve, while Wall Street remained cautious ahead of a likely interest rate hike.

Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9122.50, up by 21.50 points or 0.24 per cent, at 11:00 AM Singapore time, signaled a positive opening for the domestic bourses.

On Tuesday, the Indian equity benchmark indices ended at a record high as investors cashed in on BJP’s victory in state assembly elections. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29442.63, up by 496.4 points or by 1.71 per cent, and the NSE Nifty ended at 9087, up by 152.45 points or by 1.71 per cent.

Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 39532733.00, Idea Cellular Ltd. 23000908.00, ITC Ltd. 17821655.00, State Bank of India 15734886.00, Hindalco Industries Ltd. 15425412.00. On NSE, total number of shares traded was 0.98 Crore and total turnover stood at Rs. 27836.94 Crore. On NSE Future and Options, total number of contracts traded in index futures was 292061 with a total turnover of Rs. 21288.61 Crore. Along with this total number of contracts traded in stock futures were 669967 with a total turnover of Rs. 48397.32 Crore. Total numbers of contracts for index options were 4778343 with a total turnover of Rs. 355601.69 Crore. and total numbers of contracts for stock options were 414234 with a total turnover of Rs. 30493.24 Crore. The FIIs on 14/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4717.37 Crore and gross debt purchased stood at Rs. 1056.00 Crore, while the gross equity sold stood at Rs. 4373.39 Crore and gross debt sold stood at Rs. 718.76 Crore. Therefore, the net investment of equity and debt reported were Rs. 343.98 Crore and Rs. 337.24.

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