Pre Session: Bull run likely to continue on Dalal-Street; Wipro Q4 eyed
25/04/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are poised to extend rally on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets after Wall Street ended higher in overnight trade as the win for pro-market presidential candidate Emmanuel Macron in the first round of the French presidential election boosted the appetite for riskier assets. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,253.00, up by 26.00 points or 0.28 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses. The market may see some volatility this week as traders would roll over positions in the futures & options (F&O) segment from the April series which will expire on Thursday, April 27, 2017. Investors will react to earnings report of Reliance Industries after Mukesh Ambani-led company reported better-than-expected growth of 12.3 per cent in its consolidated net profit after taxes at Rs 8,046 crore for the January-March quarter of FY17, buoyed by higher refining and petrochemical margins. On the corporate earnings front, Wipro, ICICI Prudential Life, IDFC Bank, Indian Bank, M&M Financial, LIC Housing Finance and Can Fin Homes will remain in focus as they will released their quarterly results today. On the economy front, Prime Minister Narendra Modi has asked States to work with the Centre as “Team India” to introduce the goods and services tax (GST) in time.
On Monday, the Indian equities ended higher on Monday on modest earnings report by Indian companies, tracing firm cues from global peers, after liberal Emmanuel Macron won the first round of the French presidential election, boosting the appetite for riskier assets. The market sentiment also got a boost after Fed papers report suggested that the goods and services tax (GST), the new tax regime which is likely to be rollout by July this year, could enhance the country’s gross domestic product by up to 4.2 per cent. The BSE SENSEX closed at 29655.84, up by 290.54 points or by 0.99 per cent, and the NSE Nifty ended at 9217.95, up by 98.55 points or by 1.08 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 22198371.00, Axis Bank Ltd. 14182302.00, State Bank of India 10077853.00, Hindalco Industries Ltd. 8934000.00, Ambuja Cements Ltd. 8783579.00.
On NSE, total number of shares traded was 142.07 Crore and total turnover stood at Rs. 25927.14 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 337518 with a total turnover of Rs. 24988.26 Crore. Along with this total number of contracts traded in stock futures were 1219772 with a total turnover of Rs. 89854.66 Crore. Total numbers of contracts for index options were 5370465 with a total turnover of Rs. 404386.43 Crore and total numbers of contracts for stock options were 597377 with a total turnover of Rs. 46782.48 Crore.
As on April 24, 2017, the FIIs emerged as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5246.74 Crore and gross debt purchased stood at Rs. 635.48 Crore, while the gross equity sold stood at Rs. 3996.06 Crore and gross debt sold stood at Rs. 431.27 Crore. Therefore, the net investment of equity and debt reported were Rs. 1250.68 Crore and Rs. 204.21.
25/04/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are poised to extend rally on Tuesday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets after Wall Street ended higher in overnight trade as the win for pro-market presidential candidate Emmanuel Macron in the first round of the French presidential election boosted the appetite for riskier assets. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,253.00, up by 26.00 points or 0.28 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses. The market may see some volatility this week as traders would roll over positions in the futures & options (F&O) segment from the April series which will expire on Thursday, April 27, 2017. Investors will react to earnings report of Reliance Industries after Mukesh Ambani-led company reported better-than-expected growth of 12.3 per cent in its consolidated net profit after taxes at Rs 8,046 crore for the January-March quarter of FY17, buoyed by higher refining and petrochemical margins. On the corporate earnings front, Wipro, ICICI Prudential Life, IDFC Bank, Indian Bank, M&M Financial, LIC Housing Finance and Can Fin Homes will remain in focus as they will released their quarterly results today. On the economy front, Prime Minister Narendra Modi has asked States to work with the Centre as “Team India” to introduce the goods and services tax (GST) in time.
On Monday, the Indian equities ended higher on Monday on modest earnings report by Indian companies, tracing firm cues from global peers, after liberal Emmanuel Macron won the first round of the French presidential election, boosting the appetite for riskier assets. The market sentiment also got a boost after Fed papers report suggested that the goods and services tax (GST), the new tax regime which is likely to be rollout by July this year, could enhance the country’s gross domestic product by up to 4.2 per cent. The BSE SENSEX closed at 29655.84, up by 290.54 points or by 0.99 per cent, and the NSE Nifty ended at 9217.95, up by 98.55 points or by 1.08 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 22198371.00, Axis Bank Ltd. 14182302.00, State Bank of India 10077853.00, Hindalco Industries Ltd. 8934000.00, Ambuja Cements Ltd. 8783579.00.
On NSE, total number of shares traded was 142.07 Crore and total turnover stood at Rs. 25927.14 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 337518 with a total turnover of Rs. 24988.26 Crore. Along with this total number of contracts traded in stock futures were 1219772 with a total turnover of Rs. 89854.66 Crore. Total numbers of contracts for index options were 5370465 with a total turnover of Rs. 404386.43 Crore and total numbers of contracts for stock options were 597377 with a total turnover of Rs. 46782.48 Crore.
As on April 24, 2017, the FIIs emerged as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 5246.74 Crore and gross debt purchased stood at Rs. 635.48 Crore, while the gross equity sold stood at Rs. 3996.06 Crore and gross debt sold stood at Rs. 431.27 Crore. Therefore, the net investment of equity and debt reported were Rs. 1250.68 Crore and Rs. 204.21.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
