Pre Session: Bearish opening seen for Sensex, Nifty; RBI policy eyed
06/04/2017 08:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open lower on Thursday as investors would pause for breath following recent strong gains ahead of RBI policy later in the day, tracking weak cues from Asian markets following losses on Wall Street in overnight trade as cautioned prevailed in the market ahead of the highly-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,227.50, down by 60.00 points or 0.65 per cent, at 10:38 AM Singapore time, also signaled a negative start for Sensex. The rate-sensitive, auto, banking and realty stocks will remain in focus ahead of the Reserve Bank of India’s bi-monthly monetary policy review, while experts expect no change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be key to watch for. On Wednesday, the Indian equity closed at record high, supported by buying in some blue-chip like Reliance Industries, Maruti and Adani Ports. The investors got some support throughout the day with the government achieving the upward revised target of tax collection for FY17 and reporting a total tax collection of Rs 17.10 lakh crore during 2016-17 -- an increase of 18 per cent over 2015-16 and the highest tax collection in last six years. The Bombay Stock Exchange bellwether Sensex closed at 29974.24 up by 64.02 points or by 0.21 per cent, while the NSE Nifty was at 9265.15, trading higher by 27.3 points or by 0.3 per cent. Top traded Volumes on NSE Nifty were State Bank of India 21936647.00, Hindalco Industries Ltd. 10440883.00, ITC Ltd. 10288783.00, ICICI Bank Ltd. 9608663.00, Reliance Industries Ltd. 9217360.00. On NSE, total number of shares traded was 152.41 Crore and total turnover stood at Rs. 30287.83 Crore. On NSE Future and Options, total number of contracts traded in index futures was 157324 with a total turnover of Rs. 11889.61 Crore. Along with this total number of contracts traded in stock futures were 612654 with a total turnover of Rs. 46205.39 Crore. Total numbers of contracts for index options were 3337997 with a total turnover of Rs. 270400.13 Crore and total numbers of contracts for stock options were 363982 with a total turnover of Rs. 28238.43 Crore. The FIIs on April 05, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 3647.90 Crore and gross debt purchased stood at Rs. 6054.67 Crore, while the gross equity sold stood at Rs. 3063.50 Crore and gross debt sold stood at Rs. 639.45 Crore. Therefore, the net investment of equity and debt reported were Rs. 584.40 Crore and Rs. 5415.22.
06/04/2017 08:17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open lower on Thursday as investors would pause for breath following recent strong gains ahead of RBI policy later in the day, tracking weak cues from Asian markets following losses on Wall Street in overnight trade as cautioned prevailed in the market ahead of the highly-anticipated meeting between US President Donald Trump and Chinese President Xi Jinping. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,227.50, down by 60.00 points or 0.65 per cent, at 10:38 AM Singapore time, also signaled a negative start for Sensex. The rate-sensitive, auto, banking and realty stocks will remain in focus ahead of the Reserve Bank of India’s bi-monthly monetary policy review, while experts expect no change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be key to watch for. On Wednesday, the Indian equity closed at record high, supported by buying in some blue-chip like Reliance Industries, Maruti and Adani Ports. The investors got some support throughout the day with the government achieving the upward revised target of tax collection for FY17 and reporting a total tax collection of Rs 17.10 lakh crore during 2016-17 -- an increase of 18 per cent over 2015-16 and the highest tax collection in last six years. The Bombay Stock Exchange bellwether Sensex closed at 29974.24 up by 64.02 points or by 0.21 per cent, while the NSE Nifty was at 9265.15, trading higher by 27.3 points or by 0.3 per cent. Top traded Volumes on NSE Nifty were State Bank of India 21936647.00, Hindalco Industries Ltd. 10440883.00, ITC Ltd. 10288783.00, ICICI Bank Ltd. 9608663.00, Reliance Industries Ltd. 9217360.00. On NSE, total number of shares traded was 152.41 Crore and total turnover stood at Rs. 30287.83 Crore. On NSE Future and Options, total number of contracts traded in index futures was 157324 with a total turnover of Rs. 11889.61 Crore. Along with this total number of contracts traded in stock futures were 612654 with a total turnover of Rs. 46205.39 Crore. Total numbers of contracts for index options were 3337997 with a total turnover of Rs. 270400.13 Crore and total numbers of contracts for stock options were 363982 with a total turnover of Rs. 28238.43 Crore. The FIIs on April 05, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 3647.90 Crore and gross debt purchased stood at Rs. 6054.67 Crore, while the gross equity sold stood at Rs. 3063.50 Crore and gross debt sold stood at Rs. 639.45 Crore. Therefore, the net investment of equity and debt reported were Rs. 584.40 Crore and Rs. 5415.22.
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