Pre Session: Sensex, Nifty likely to open in red on weak global cues
12/04/2017 08:33
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open lower on Wednesday amid rising concerns over US relations with Russia and North Korea, while investors looked ahead to the start of earnings season, tracking weak cues from Asian markets. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,244.50, down by 24.00 points or 0.26 per cent, at 10:36 AM Singapore time, also signaled a negative opening for local bourses. Globally, Asian stocks were trading lower as investors shifted focus to safe heaven assets such as currency, bonds and gold, in wake of rising tensions in Korean Peninsula after a warning from North Korea of a nuclear attack on the United States as its Navy moved toward the western Pacific. In the overnight trade, Wall Street ended lower as investor sentiments were spooked by escalating geopolitical tensions, while cautioned prevailed in the market ahead of the earnings season. Media reports claimed that Syrian warplanes dropped barrel bombs on rebel-held areas a day after US launched cruise missiles at a government-controlled airbase in Syria.
Back home, IT bellwether Infosys will kick off the earnings season with its April-March quarter results on Thursday. According to sector anaylsts, the performance of IT companies might get impacted by rising rupee against the dollar, continued uncertainties over H1B visa issue and the slowing of traditional business.
The market may see stock specific movement, with Aditya Birla Nuvo and Grasim Industries in focus as shareholders approved merger plan to create a firm with USD 9 billion in combined revenue. Tata Power and Adani Power will also see some movement as the Supreme Court shoots down compensatory tariff for their respective power plants.
On Tuesday, the Indian equity rebounded strongly as investors shrugged off geopolitical tensions and shifted focus to corporate earnings season, while gains in index heavyweights such as ITC, ICICI Bank, SBI, L&T and Power Grid fueled markets rally. On the corporate front, ITC emerged as top gainer, jumping over 3 per cent, after the company said that it is expanding its juice portfolio with target to achieve around 20 per cent market share in five years in the packaged fruit juice segment. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29788.35, up by 212.61 points or by 0.72 per cent, and the NSE Nifty ended at 9237, up by 55.55 points or by 0.61 per cent..
Top traded Volumes on NSE Nifty were Tata Power Company Ltd. 32224697.00, NTPC Ltd. 14511861.00, ICICI Bank Ltd. 12486156.00, State Bank of India 11682024.00, ITC Ltd. 10934606.00.
On NSE, total number of shares traded was 150.42 Crore and total turnover stood at Rs. 26594.05 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 180514 with a total turnover of Rs. 13700.14 Crore. Along with this total number of contracts traded in stock futures were 659870 with a total turnover of Rs. 52178.04 Crore. Total numbers of contracts for index options were 3910326 with a total turnover of Rs. 312586.85 Crore and total numbers of contracts for stock options were 408169 with a total turnover of Rs. 33150.87 Crore.
As on April 11, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 3773.59 Crore and gross debt purchased stood at Rs. 1473.48 Crore, while the gross equity sold stood at Rs. 4409.38 Crore and gross debt sold stood at Rs. 786.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -635.79 Crore and Rs. 686.93.
12/04/2017 08:33
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open lower on Wednesday amid rising concerns over US relations with Russia and North Korea, while investors looked ahead to the start of earnings season, tracking weak cues from Asian markets. Bearish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,244.50, down by 24.00 points or 0.26 per cent, at 10:36 AM Singapore time, also signaled a negative opening for local bourses. Globally, Asian stocks were trading lower as investors shifted focus to safe heaven assets such as currency, bonds and gold, in wake of rising tensions in Korean Peninsula after a warning from North Korea of a nuclear attack on the United States as its Navy moved toward the western Pacific. In the overnight trade, Wall Street ended lower as investor sentiments were spooked by escalating geopolitical tensions, while cautioned prevailed in the market ahead of the earnings season. Media reports claimed that Syrian warplanes dropped barrel bombs on rebel-held areas a day after US launched cruise missiles at a government-controlled airbase in Syria.
Back home, IT bellwether Infosys will kick off the earnings season with its April-March quarter results on Thursday. According to sector anaylsts, the performance of IT companies might get impacted by rising rupee against the dollar, continued uncertainties over H1B visa issue and the slowing of traditional business.
The market may see stock specific movement, with Aditya Birla Nuvo and Grasim Industries in focus as shareholders approved merger plan to create a firm with USD 9 billion in combined revenue. Tata Power and Adani Power will also see some movement as the Supreme Court shoots down compensatory tariff for their respective power plants.
On Tuesday, the Indian equity rebounded strongly as investors shrugged off geopolitical tensions and shifted focus to corporate earnings season, while gains in index heavyweights such as ITC, ICICI Bank, SBI, L&T and Power Grid fueled markets rally. On the corporate front, ITC emerged as top gainer, jumping over 3 per cent, after the company said that it is expanding its juice portfolio with target to achieve around 20 per cent market share in five years in the packaged fruit juice segment. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29788.35, up by 212.61 points or by 0.72 per cent, and the NSE Nifty ended at 9237, up by 55.55 points or by 0.61 per cent..
Top traded Volumes on NSE Nifty were Tata Power Company Ltd. 32224697.00, NTPC Ltd. 14511861.00, ICICI Bank Ltd. 12486156.00, State Bank of India 11682024.00, ITC Ltd. 10934606.00.
On NSE, total number of shares traded was 150.42 Crore and total turnover stood at Rs. 26594.05 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 180514 with a total turnover of Rs. 13700.14 Crore. Along with this total number of contracts traded in stock futures were 659870 with a total turnover of Rs. 52178.04 Crore. Total numbers of contracts for index options were 3910326 with a total turnover of Rs. 312586.85 Crore and total numbers of contracts for stock options were 408169 with a total turnover of Rs. 33150.87 Crore.
As on April 11, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 3773.59 Crore and gross debt purchased stood at Rs. 1473.48 Crore, while the gross equity sold stood at Rs. 4409.38 Crore and gross debt sold stood at Rs. 786.55 Crore. Therefore, the net investment of equity and debt reported were Rs. -635.79 Crore and Rs. 686.93.
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