Pre Session: Markets may open lower on muted global cues
08/03/2017 08:28
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open lower on Wednesday tracking muted cues from fellow Asian peers as well as due to cautious stance ahead of key exit polls data.
Asian markets opened mixed due to mounting geopolitical risks in the region and rising expectations of a tighter monetary policy by the US Federal Reserve at its meet next week, while Wall Street closed lower as investors mulled over the prospects of tighter monetary policy.
Muted trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,969.00, down by 14.00 points or 0.16 per cent, at 10:56 AM Singapore time, signaled a flat to lower opening for Sensex. The investor will keep an eye on outcome in the state assembly elections as well as US Fed minutes which could turn the tide for the Indian market.
On the corporate front, Wockhardt and Hero MotoCorp will be in focus today. On Tuesday, the Indian equity benchmarks ended a tad lower weighed down by losses in metal and auto stocks, as investors resorted to profit booking in frontline blue-chip such as Reliance industries, Infosys, ITC, Axis Bank, Lupin, Tata Steel, Maruti Suzuki and State Bank of India. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28999.56, down by 48.63 points or by 0.17 per cent, and the NSE Nifty ended at 8946.9, down by 16.55 points or by 0.18 per cent.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 17607880.00, State Bank of India 11599142.00, Idea Cellular Ltd. 10601002.00, Reliance Industries Ltd. 9616850.00, GAIL (India) Ltd. 8593531.00. On NSE, total number of shares traded was 94.53 Crore and total turnover stood at Rs. 19729.33 Crore. On NSE Future and Options, total number of contracts traded in index futures was 114666 with a total turnover of Rs. 8320.16 Crore. Along with this total number of contracts traded in stock futures were 492269 with a total turnover of Rs. 35841.79 Crore. Total numbers of contracts for index options were 2043634 with a total turnover of Rs. 157888.40 Crore. and total numbers of contracts for stock options were 277199 with a total turnover of Rs. 20475.47 Crore.
The FIIs on 07/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 8699.96 Crore and gross debt purchased stood at Rs. 913.34 Crore, while the gross equity sold stood at Rs. 7859.04 Crore and gross debt sold stood at Rs. 388.22 Crore. Therefore, the net investment of equity and debt reported were Rs. 840.92 Crore and Rs. 525.12
08/03/2017 08:28
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are set to open lower on Wednesday tracking muted cues from fellow Asian peers as well as due to cautious stance ahead of key exit polls data.
Asian markets opened mixed due to mounting geopolitical risks in the region and rising expectations of a tighter monetary policy by the US Federal Reserve at its meet next week, while Wall Street closed lower as investors mulled over the prospects of tighter monetary policy.
Muted trend in the SGX Nifty Index Futures for March delivery, which were trading at 8,969.00, down by 14.00 points or 0.16 per cent, at 10:56 AM Singapore time, signaled a flat to lower opening for Sensex. The investor will keep an eye on outcome in the state assembly elections as well as US Fed minutes which could turn the tide for the Indian market.
On the corporate front, Wockhardt and Hero MotoCorp will be in focus today. On Tuesday, the Indian equity benchmarks ended a tad lower weighed down by losses in metal and auto stocks, as investors resorted to profit booking in frontline blue-chip such as Reliance industries, Infosys, ITC, Axis Bank, Lupin, Tata Steel, Maruti Suzuki and State Bank of India. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28999.56, down by 48.63 points or by 0.17 per cent, and the NSE Nifty ended at 8946.9, down by 16.55 points or by 0.18 per cent.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 17607880.00, State Bank of India 11599142.00, Idea Cellular Ltd. 10601002.00, Reliance Industries Ltd. 9616850.00, GAIL (India) Ltd. 8593531.00. On NSE, total number of shares traded was 94.53 Crore and total turnover stood at Rs. 19729.33 Crore. On NSE Future and Options, total number of contracts traded in index futures was 114666 with a total turnover of Rs. 8320.16 Crore. Along with this total number of contracts traded in stock futures were 492269 with a total turnover of Rs. 35841.79 Crore. Total numbers of contracts for index options were 2043634 with a total turnover of Rs. 157888.40 Crore. and total numbers of contracts for stock options were 277199 with a total turnover of Rs. 20475.47 Crore.
The FIIs on 07/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 8699.96 Crore and gross debt purchased stood at Rs. 913.34 Crore, while the gross equity sold stood at Rs. 7859.04 Crore and gross debt sold stood at Rs. 388.22 Crore. Therefore, the net investment of equity and debt reported were Rs. 840.92 Crore and Rs. 525.12
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