Pre Session: Sensex seen opening lower on weak global cues
22/03/2017 08:19
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmarks are poised to open lower on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade on fading hopes that the Trump government will deliver its tax cuts promises. Bearish trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,082.00, down by 69.5 points or 0.77 per cent, at 10:34 AM Singapore time, also signaled a negative opening for Sensex. However, sustained buying by foreign institutional investors amid weak dollar overseas and positive state election outcome may limit losses. On the corporate front, financial stocks will remain in focus as government will infuse capital in IDBI, BoM and Dena Bank. On the economy front, Finance Minister Arun Jaitley on Tuesday moved 40 amendments to the Finance Bill, which includes bringing down cash transaction limit to Rs 2 lakh from the Rs 3-lakh proposed in the Budget for 2017-18, as part of government imitative to tighten the noose on cash dealing. 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 Tuesday, the Indian equity benchmarks ended tad lower, tracking muted cues from fellow Asian peers, weighed down by profit booking across pharma space as warning alerts from the US Food and Drug Administration spooked investors’ sentiment. Among the individual stock, Avenue Supermarts made a stellar debut today, surging nearly 114 per cent against the issue price of Rs 299. Financial stocks also witnessed profit booking after global rating agency Morgan Stanley downgraded some of large Indian lenders on concerns over weak earnings, which saw Axis Bank skidding over 3 per cent. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29485.45, down by 33.29 points or by 0.11 per cent, and the NSE Nifty ended at 9121.5, down by 5.35 points or by 0.06 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 88600771.00, ICICI Bank Ltd. 14821888.00, ITC Ltd. 13225065.00, State Bank of India 11898233.00, Axis Bank Ltd. 11017752.00.
On NSE, total number of shares traded was 118.98 Crore and total turnover stood at Rs. 29314.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 166880 with a total turnover of Rs. 12344.09 Crore. Along with this total number of contracts traded in stock futures were 611789 with a total turnover of Rs. 43181.67 Crore. Total numbers of contracts for index options were 3944550 with a total turnover of Rs. 303637.12 Crore and total numbers of contracts for stock options were 429737 with a total turnover of Rs. 31057.67 Crore.
As on March 21 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5482.03 Crore and gross debt purchased stood at Rs. 2477.70 Crore, while the gross equity sold stood at Rs. 4863.12 Crore and gross debt sold stood at Rs. 1221.79 Crore. Therefore, the net investment of equity and debt reported were Rs. 618.91 Crore and Rs. 1255.91.
22/03/2017 08:19
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmarks are poised to open lower on Wednesday, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade on fading hopes that the Trump government will deliver its tax cuts promises. Bearish trend in the SGX Nifty Index Futures for March delivery, which were trading at 9,082.00, down by 69.5 points or 0.77 per cent, at 10:34 AM Singapore time, also signaled a negative opening for Sensex. However, sustained buying by foreign institutional investors amid weak dollar overseas and positive state election outcome may limit losses. On the corporate front, financial stocks will remain in focus as government will infuse capital in IDBI, BoM and Dena Bank. On the economy front, Finance Minister Arun Jaitley on Tuesday moved 40 amendments to the Finance Bill, which includes bringing down cash transaction limit to Rs 2 lakh from the Rs 3-lakh proposed in the Budget for 2017-18, as part of government imitative to tighten the noose on cash dealing. 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 Tuesday, the Indian equity benchmarks ended tad lower, tracking muted cues from fellow Asian peers, weighed down by profit booking across pharma space as warning alerts from the US Food and Drug Administration spooked investors’ sentiment. Among the individual stock, Avenue Supermarts made a stellar debut today, surging nearly 114 per cent against the issue price of Rs 299. Financial stocks also witnessed profit booking after global rating agency Morgan Stanley downgraded some of large Indian lenders on concerns over weak earnings, which saw Axis Bank skidding over 3 per cent. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29485.45, down by 33.29 points or by 0.11 per cent, and the NSE Nifty ended at 9121.5, down by 5.35 points or by 0.06 per cent.
Top traded Volumes on NSE Nifty were Idea Cellular Ltd. 88600771.00, ICICI Bank Ltd. 14821888.00, ITC Ltd. 13225065.00, State Bank of India 11898233.00, Axis Bank Ltd. 11017752.00.
On NSE, total number of shares traded was 118.98 Crore and total turnover stood at Rs. 29314.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 166880 with a total turnover of Rs. 12344.09 Crore. Along with this total number of contracts traded in stock futures were 611789 with a total turnover of Rs. 43181.67 Crore. Total numbers of contracts for index options were 3944550 with a total turnover of Rs. 303637.12 Crore and total numbers of contracts for stock options were 429737 with a total turnover of Rs. 31057.67 Crore.
As on March 21 2017, the FIIs stood as net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 5482.03 Crore and gross debt purchased stood at Rs. 2477.70 Crore, while the gross equity sold stood at Rs. 4863.12 Crore and gross debt sold stood at Rs. 1221.79 Crore. Therefore, the net investment of equity and debt reported were Rs. 618.91 Crore and Rs. 1255.91.
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