Pre Session: Markets may open marginally higher in early trade
03/04/2017 08:11
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open marginally higher on Monday amid positive cues from Asian peers.
On the economic front, the markets will get some support as the Goods and Services Tax (GST) Council approved the drafts of four sets of rules and finalised five others on Friday, bringing India closer to a one unified tax regime.
The fourth quarter earnings from India Inc. along with the Reserve Bank of India’s (RBI’s) policy stance on rates will decide the trend for the market in this week.
The Asian markets have opened steady after a bumper quarter as investors look to the shape of US trade and economic policies and how they could affect global growth. The rally was primarily underpinned by signs of a pickup in momentum in the global economy, led by China, while the Wall Street closed flat on Friday weighed down by concerns over valuations ahead of quarterly results.
Positive trend in the SGX Nifty Index Futures for April delivery, which were trading at 9209, up by 11 points or 0.12 per cent, at 10:38 AM Singapore time, signalled a flat to higher opening for the domestic bourses.
On Friday, the Indian equities started April futures and options series on a shaky note as investors resorted to profit booking as caution prevailed in the market ahead of earnings season and monsoon data. However, firm buying across broader market, with MIDCAP and SMLCAP indices gaining between 0.7-0.8 per cent, capped day’s losses. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29620.5, down by 26.92 points or by 0.09 per cent, while the NSE Nifty ended flat at 9173.75.
Top traded Volumes on NSE Nifty – State Bank of India 20185269.00, ICICI Bank Ltd. 17947183.00, Hindalco Industries Ltd. 13264696.00, Reliance Industries Ltd. 10375519.00, ITC Ltd. 9561098.00, On NSE, total number of shares traded was 143.61 Crore and total turnover stood at Rs. 26789.18 Crore. On NSE Future and Options, total number of contracts traded in index futures was 164718 with a total turnover of Rs. 12184.11 Crore. Along with this total number of contracts traded in stock futures were 548656 with a total turnover of Rs. 40463.17 Crore. Total numbers of contracts for index options were 1669985 with a total turnover of Rs. 129059.27 Crore. and total numbers of contracts for stock options were 301556 with a total turnover of Rs. 22453.75 Crore. The FIIs on 31/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 12232.93 Crore and gross debt purchased stood at Rs. 1520.03 Crore, while the gross equity sold stood at Rs. 11790.15 Crore and gross debt sold stood at Rs. 987.46 Crore. Therefore, the net investment of equity and debt reported were Rs. 442.78 Crore and Rs. 532.57
03/04/2017 08:11
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are set to open marginally higher on Monday amid positive cues from Asian peers.
On the economic front, the markets will get some support as the Goods and Services Tax (GST) Council approved the drafts of four sets of rules and finalised five others on Friday, bringing India closer to a one unified tax regime.
The fourth quarter earnings from India Inc. along with the Reserve Bank of India’s (RBI’s) policy stance on rates will decide the trend for the market in this week.
The Asian markets have opened steady after a bumper quarter as investors look to the shape of US trade and economic policies and how they could affect global growth. The rally was primarily underpinned by signs of a pickup in momentum in the global economy, led by China, while the Wall Street closed flat on Friday weighed down by concerns over valuations ahead of quarterly results.
Positive trend in the SGX Nifty Index Futures for April delivery, which were trading at 9209, up by 11 points or 0.12 per cent, at 10:38 AM Singapore time, signalled a flat to higher opening for the domestic bourses.
On Friday, the Indian equities started April futures and options series on a shaky note as investors resorted to profit booking as caution prevailed in the market ahead of earnings season and monsoon data. However, firm buying across broader market, with MIDCAP and SMLCAP indices gaining between 0.7-0.8 per cent, capped day’s losses. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29620.5, down by 26.92 points or by 0.09 per cent, while the NSE Nifty ended flat at 9173.75.
Top traded Volumes on NSE Nifty – State Bank of India 20185269.00, ICICI Bank Ltd. 17947183.00, Hindalco Industries Ltd. 13264696.00, Reliance Industries Ltd. 10375519.00, ITC Ltd. 9561098.00, On NSE, total number of shares traded was 143.61 Crore and total turnover stood at Rs. 26789.18 Crore. On NSE Future and Options, total number of contracts traded in index futures was 164718 with a total turnover of Rs. 12184.11 Crore. Along with this total number of contracts traded in stock futures were 548656 with a total turnover of Rs. 40463.17 Crore. Total numbers of contracts for index options were 1669985 with a total turnover of Rs. 129059.27 Crore. and total numbers of contracts for stock options were 301556 with a total turnover of Rs. 22453.75 Crore. The FIIs on 31/03/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 12232.93 Crore and gross debt purchased stood at Rs. 1520.03 Crore, while the gross equity sold stood at Rs. 11790.15 Crore and gross debt sold stood at Rs. 987.46 Crore. Therefore, the net investment of equity and debt reported were Rs. 442.78 Crore and Rs. 532.57
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