Pre Session: Sensex, Nifty likely to open higher on positive Asian cues
23/03/2017 08:38
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmarks are set to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. In the overnight trade, Wall Street continued losing streak and ended lower amid fading hopes that the Trump government will deliver its tax cuts promises. Bullish trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,084.00, up by 34 points or 0.37 per cent, at 11:02 AM Singapore time, also signaled a positive opening for Sensex. Adding to it, sustained buying by foreign institutional investors amid weak dollar overseas and positive state election outcome may limit losses. In a major boost to investors, the government is mulling to roll back a budget announcement of 10 per cent long term capital gains (LTCG) tax. In a bid to woo foreign investors, the government is also planning to further ease FDI approval process.
On Wednesday, the Indian equity benchmarks ended bleeding in red, weighed down by weak global cues coupled with profit booking at home. Asian stocks also ended in red after Wall Street ended lower in overnight trade amid fading hopes that the Trump government will deliver its tax cuts promises. Consumer durables, financial and auto stocks contributed most to the losses, led by Tata Motors, ICICI Bank and Bajaj Auto. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29167.68, down by 317.77 points or by 1.08 per cent, and the NSE Nifty ended at 9030.45, down by 91.05 points or by 1 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 54741714.00, ICICI Bank Ltd. 22303647.00, Hindalco Industries Ltd. 17762515.00, Axis Bank Ltd. 12685275.00, ITC Ltd. 12397015.00.
On NSE, total number of shares traded was 108.89 Crore and total turnover stood at Rs. 24598.99 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 225873 with a total turnover of Rs. 16409.84 Crore. Along with this total number of contracts traded in stock futures were 614582 with a total turnover of Rs. 43669.32 Crore. Total numbers of contracts for index options were 5557390 with a total turnover of Rs. 425776.22 Crore and total numbers of contracts for stock options were 437738 with a total turnover of Rs. 31341.65 Crore.
As on March 22, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 8601.30 Crore and gross debt purchased stood at Rs. 6250.91 Crore, while the gross equity sold stood at Rs. 6983.99 Crore and gross debt sold stood at Rs. 1123.98 Crore. Therefore, the net investment of equity and debt reported were Rs. 1617.31 Crore and Rs. 5126.93.
23/03/2017 08:38
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmarks are set to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. In the overnight trade, Wall Street continued losing streak and ended lower amid fading hopes that the Trump government will deliver its tax cuts promises. Bullish trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,084.00, up by 34 points or 0.37 per cent, at 11:02 AM Singapore time, also signaled a positive opening for Sensex. Adding to it, sustained buying by foreign institutional investors amid weak dollar overseas and positive state election outcome may limit losses. In a major boost to investors, the government is mulling to roll back a budget announcement of 10 per cent long term capital gains (LTCG) tax. In a bid to woo foreign investors, the government is also planning to further ease FDI approval process.
On Wednesday, the Indian equity benchmarks ended bleeding in red, weighed down by weak global cues coupled with profit booking at home. Asian stocks also ended in red after Wall Street ended lower in overnight trade amid fading hopes that the Trump government will deliver its tax cuts promises. Consumer durables, financial and auto stocks contributed most to the losses, led by Tata Motors, ICICI Bank and Bajaj Auto. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29167.68, down by 317.77 points or by 1.08 per cent, and the NSE Nifty ended at 9030.45, down by 91.05 points or by 1 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 54741714.00, ICICI Bank Ltd. 22303647.00, Hindalco Industries Ltd. 17762515.00, Axis Bank Ltd. 12685275.00, ITC Ltd. 12397015.00.
On NSE, total number of shares traded was 108.89 Crore and total turnover stood at Rs. 24598.99 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 225873 with a total turnover of Rs. 16409.84 Crore. Along with this total number of contracts traded in stock futures were 614582 with a total turnover of Rs. 43669.32 Crore. Total numbers of contracts for index options were 5557390 with a total turnover of Rs. 425776.22 Crore and total numbers of contracts for stock options were 437738 with a total turnover of Rs. 31341.65 Crore.
As on March 22, 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 8601.30 Crore and gross debt purchased stood at Rs. 6250.91 Crore, while the gross equity sold stood at Rs. 6983.99 Crore and gross debt sold stood at Rs. 1123.98 Crore. Therefore, the net investment of equity and debt reported were Rs. 1617.31 Crore and Rs. 5126.93.
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