Pre Session: Markets may open higher on BJP’s UP win
14/03/2017 08:26
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open higher on Tuesday as investors will cheer the ruling party’s scale of victory in Uttar Pradesh along with three other states, which gives it room for adding more representatives in the Upper House of the Parliament.
The BJP won state elections in four out of five states that went to polls. The results showed that the popularity of Prime Minister was still intact, a positive cue for the market, which would help in getting political capital going forward.
The Asian markets have opened mostly mixed with investors anticipating a near-certain rate hike from the Federal Reserve on Wednesday, while Wall Street remained off session lows as traders anticipated an interest rate hike on Wednesday.
Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9203.00, up by 7 points or 0.08 per cent, at 10:56 AM Singapore time, signalled a positive opening for the domestic bourses.
On Friday, the Indian equity benchmark indices closed flat ahead of the key results to assembly elections. Investors had reacted positively to the exit polls in the morning session, but pared their gains through the day. Exit polls declared yesterday showed BJP ahead of other rival parties in all the five states.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28946.23, up by 17.1 points or by 0.06 per cent, and the NSE Nifty ended at 8934.55, up by 7.55 points or by 0.08 per cent.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 14317483.00, Idea Cellular Ltd. 13937678.00, Hindalco Industries Ltd. 9745858.00, State Bank of India 9557026.00, Power Grid Corporation of India Ltd. 9218511.00. On NSE, total number of shares traded was 85.83 Crore and total turnover stood at Rs. 17336.35 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 193942 with a total turnover of Rs. 14130.96 Crore. Along with this total number of contracts traded in stock futures were 428066 with a total turnover of Rs. 31506.12 Crore. Total numbers of contracts for index options were 2649159 with a total turnover of Rs. 194871.67 Crore. and total numbers of contracts for stock options were 264228 with a total turnover of Rs. 19914.77 Crore. The FIIs on 10/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5792.62 Crore and gross debt purchased stood at Rs. 755.56 Crore, while the gross equity sold stood at Rs. 3855.46 Crore and gross debt sold stood at Rs. 652.67 Crore. Therefore, the net investment of equity and debt reported were Rs. 1937.16 Crore and Rs. 102.89.
14/03/2017 08:26
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
The Indian benchmarks are set to open higher on Tuesday as investors will cheer the ruling party’s scale of victory in Uttar Pradesh along with three other states, which gives it room for adding more representatives in the Upper House of the Parliament.
The BJP won state elections in four out of five states that went to polls. The results showed that the popularity of Prime Minister was still intact, a positive cue for the market, which would help in getting political capital going forward.
The Asian markets have opened mostly mixed with investors anticipating a near-certain rate hike from the Federal Reserve on Wednesday, while Wall Street remained off session lows as traders anticipated an interest rate hike on Wednesday.
Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9203.00, up by 7 points or 0.08 per cent, at 10:56 AM Singapore time, signalled a positive opening for the domestic bourses.
On Friday, the Indian equity benchmark indices closed flat ahead of the key results to assembly elections. Investors had reacted positively to the exit polls in the morning session, but pared their gains through the day. Exit polls declared yesterday showed BJP ahead of other rival parties in all the five states.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28946.23, up by 17.1 points or by 0.06 per cent, and the NSE Nifty ended at 8934.55, up by 7.55 points or by 0.08 per cent.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 14317483.00, Idea Cellular Ltd. 13937678.00, Hindalco Industries Ltd. 9745858.00, State Bank of India 9557026.00, Power Grid Corporation of India Ltd. 9218511.00. On NSE, total number of shares traded was 85.83 Crore and total turnover stood at Rs. 17336.35 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 193942 with a total turnover of Rs. 14130.96 Crore. Along with this total number of contracts traded in stock futures were 428066 with a total turnover of Rs. 31506.12 Crore. Total numbers of contracts for index options were 2649159 with a total turnover of Rs. 194871.67 Crore. and total numbers of contracts for stock options were 264228 with a total turnover of Rs. 19914.77 Crore. The FIIs on 10/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5792.62 Crore and gross debt purchased stood at Rs. 755.56 Crore, while the gross equity sold stood at Rs. 3855.46 Crore and gross debt sold stood at Rs. 652.67 Crore. Therefore, the net investment of equity and debt reported were Rs. 1937.16 Crore and Rs. 102.89.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
