Pre Session: Bull-run likely to continue on D-St; AXIS Bank Q4 eyed
26/04/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to continue gaining streak for the third day on Wednesday, 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 investors were buoyed by upbeat earnings report and fueling optimism over corporate tax cuts. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,312.50, up by 17.00 points or 0.18 per cent, at 10:42 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 Wipro after the country’s third largest software exporter reported fourth quarter earnings report that came in line with market expectations, but the revenue guidance for first quarter of FY18 missed estimates. The IT bellwether has reported a marginal growth of 0.4 per cent in its consolidated net profit at Rs 2,267 crore during the January-March quarter of 2017-18 compared to Rs 2257.30 crore in the year ago period,” said Wipro in a filing to Bombay Stock Exchange. On the corporate earnings front, private sector banks will remain in focus as Axis Bank and Lakshmi Vilas Bank will released their quarterly results today. Publishing and education services firm S Chand group will begin its bidding process of the Rs 728 crore initial public offering (IPO) today.
On Tuesday, the Indian equities ended higher for the second straight session, with Nifty50 hitting all-time high of 9,300, amid sustained buying by domestic institutional investors and retailers, following upbeat earnings report. The market sentiment got a lift after Reliance Industries 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. Globally, Asian markets ended in positive terrain, while European stocks traded higher 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. The BSE SENSEX closed at 29943.24, up by 287.4 points or by 0.97 per cent, and the NSE Nifty ended at 9306.6, up by 88.65 points or by 0.96 per cent.
Top traded Volumes on NSE Nifty were Axis Bank Ltd. 13778124.00, ITC Ltd. 12721177.00, ICICI Bank Ltd. 12441013.00, State Bank of India 11531902.00, Reliance Industries Ltd. 8403704.00. On NSE, total number of shares traded was 138.94 Crore and total turnover stood at Rs. 29310.01 rore.
On NSE Future and Options, total number of contracts traded in index futures was 365675 with a total turnover of Rs. 27163.60 Crore. Along with this total number of contracts traded in stock futures were 1535977 with a total turnover of Rs. 112889.89 Crore. Total numbers of contracts for index options were 5385047 with a total turnover of Rs. 408574.34 Crore and total numbers of contracts for stock options were 645823 with a total turnover of Rs. 50794.32 Crore.
As on April 25, 2017, the FIIs emerged as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 4049.12 Crore and gross debt purchased stood at Rs. 2075.60 Crore, while the gross equity sold stood at Rs. 4276.01 Crore and gross debt sold stood at Rs. 292.52 Crore. Therefore, the net investment of equity and debt reported were Rs. -226.89 Crore and Rs. 1783.08.
26/04/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to continue gaining streak for the third day on Wednesday, 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 investors were buoyed by upbeat earnings report and fueling optimism over corporate tax cuts. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,312.50, up by 17.00 points or 0.18 per cent, at 10:42 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 Wipro after the country’s third largest software exporter reported fourth quarter earnings report that came in line with market expectations, but the revenue guidance for first quarter of FY18 missed estimates. The IT bellwether has reported a marginal growth of 0.4 per cent in its consolidated net profit at Rs 2,267 crore during the January-March quarter of 2017-18 compared to Rs 2257.30 crore in the year ago period,” said Wipro in a filing to Bombay Stock Exchange. On the corporate earnings front, private sector banks will remain in focus as Axis Bank and Lakshmi Vilas Bank will released their quarterly results today. Publishing and education services firm S Chand group will begin its bidding process of the Rs 728 crore initial public offering (IPO) today.
On Tuesday, the Indian equities ended higher for the second straight session, with Nifty50 hitting all-time high of 9,300, amid sustained buying by domestic institutional investors and retailers, following upbeat earnings report. The market sentiment got a lift after Reliance Industries 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. Globally, Asian markets ended in positive terrain, while European stocks traded higher 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. The BSE SENSEX closed at 29943.24, up by 287.4 points or by 0.97 per cent, and the NSE Nifty ended at 9306.6, up by 88.65 points or by 0.96 per cent.
Top traded Volumes on NSE Nifty were Axis Bank Ltd. 13778124.00, ITC Ltd. 12721177.00, ICICI Bank Ltd. 12441013.00, State Bank of India 11531902.00, Reliance Industries Ltd. 8403704.00. On NSE, total number of shares traded was 138.94 Crore and total turnover stood at Rs. 29310.01 rore.
On NSE Future and Options, total number of contracts traded in index futures was 365675 with a total turnover of Rs. 27163.60 Crore. Along with this total number of contracts traded in stock futures were 1535977 with a total turnover of Rs. 112889.89 Crore. Total numbers of contracts for index options were 5385047 with a total turnover of Rs. 408574.34 Crore and total numbers of contracts for stock options were 645823 with a total turnover of Rs. 50794.32 Crore.
As on April 25, 2017, the FIIs emerged as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 4049.12 Crore and gross debt purchased stood at Rs. 2075.60 Crore, while the gross equity sold stood at Rs. 4276.01 Crore and gross debt sold stood at Rs. 292.52 Crore. Therefore, the net investment of equity and debt reported were Rs. -226.89 Crore and Rs. 1783.08.
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