Pre Session: Sensex, Nifty seen opening flat on weak global cues; Yes Bank, IndusInd Bank Q4 eyed
19/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat with negative bias on Wednesday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as traders weighed escalating tension between North Korea and the US and the nearing of the French presidential election. Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,114.50, down by 2.50 points or 0.03 per cent, at 10:48 AM Singapore time, also signaled a flat opening for local bourses. With FIIs continue to remain in selling mode, market will see stock-specific movement based on the fourth quarter earnings report. IT stocks will remain in focus as US President Donald Trump has ordered federal agencies to look at tightening the H1B visa programme, while telecom stocks may also see some movement after Reserve Bank of India asked banks to consider setting aside higher provisions for telecom sector. Investors will react to fourth quarter earnings report of Tata Consultancy Services (TCS) after IT bellwether missed analysts estimates by reporting slower-than-expected growth of 4.2 per cent in its consolidated net profit at Rs 6,608 crore for the fourth quarter ended March 31, 2017, compared to Rs 6,340 crore during the same period a year ago. On the economy front, the India Meteorological Department (IMD) has predicted that the monsoon is likely to be just normal at 96 per cent of the Long Period Average (LPA) this year for the second year in a row, which would boost rural demand and ease inflation worries. On the corporate front, IndusInd Bank, YES Bank, Sasken and Network18, will release their financial results for the quarter ended March 31, 2017 today.
On Tuesday, the Indian equities ended lower in choppy trade as selling intensified across realty and metal stocks in final hour of day’s session, tracking weakness in European markets as traders weighed escalating tension between North Korea and the US. The Indian benchmarks opened in green today, helped by strong rally in broader markets, but settled in red for the fourth consecutive session amid rising geopolitical tensions. The BSE SENSEX closed at 29319.1, down by 94.56 points or by 0.32 per cent, and the NSE Nifty ended at 9105.15, down by 34.15 points or by 0.37 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 22344207.00, ICICI Bank Ltd. 17338202.00, State Bank of India 13457050.00, Bank of Baroda 11000034.00, Adani Ports & Special Economic Zone Ltd. 9315409.00.
On NSE, total number of shares traded was 166.09 Crore and total turnover stood at Rs. 28056.56 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 284324 with a total turnover of Rs. 21480.01 Crore. Along with this total number of contracts traded in stock futures were 800761 with a total turnover of Rs. 63840.91 Crore. Total numbers of contracts for index options were 6297086 with a total turnover of Rs. 494718.89 Crore and total numbers of contracts for stock options were 624771 with a total turnover of Rs. 50518.09 Crore.
As on April 18, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 1960.91 Crore and gross debt purchased stood at Rs. 1898.45 Crore, while the gross equity sold stood at Rs. 2028.18 Crore and gross debt sold stood at Rs. 418.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -67.27 Crore and Rs. 1480.04.
19/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open flat with negative bias on Wednesday, tracking weak cues from fellow Asian peers after Wall Street ended lower in overnight trade as traders weighed escalating tension between North Korea and the US and the nearing of the French presidential election. Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,114.50, down by 2.50 points or 0.03 per cent, at 10:48 AM Singapore time, also signaled a flat opening for local bourses. With FIIs continue to remain in selling mode, market will see stock-specific movement based on the fourth quarter earnings report. IT stocks will remain in focus as US President Donald Trump has ordered federal agencies to look at tightening the H1B visa programme, while telecom stocks may also see some movement after Reserve Bank of India asked banks to consider setting aside higher provisions for telecom sector. Investors will react to fourth quarter earnings report of Tata Consultancy Services (TCS) after IT bellwether missed analysts estimates by reporting slower-than-expected growth of 4.2 per cent in its consolidated net profit at Rs 6,608 crore for the fourth quarter ended March 31, 2017, compared to Rs 6,340 crore during the same period a year ago. On the economy front, the India Meteorological Department (IMD) has predicted that the monsoon is likely to be just normal at 96 per cent of the Long Period Average (LPA) this year for the second year in a row, which would boost rural demand and ease inflation worries. On the corporate front, IndusInd Bank, YES Bank, Sasken and Network18, will release their financial results for the quarter ended March 31, 2017 today.
On Tuesday, the Indian equities ended lower in choppy trade as selling intensified across realty and metal stocks in final hour of day’s session, tracking weakness in European markets as traders weighed escalating tension between North Korea and the US. The Indian benchmarks opened in green today, helped by strong rally in broader markets, but settled in red for the fourth consecutive session amid rising geopolitical tensions. The BSE SENSEX closed at 29319.1, down by 94.56 points or by 0.32 per cent, and the NSE Nifty ended at 9105.15, down by 34.15 points or by 0.37 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 22344207.00, ICICI Bank Ltd. 17338202.00, State Bank of India 13457050.00, Bank of Baroda 11000034.00, Adani Ports & Special Economic Zone Ltd. 9315409.00.
On NSE, total number of shares traded was 166.09 Crore and total turnover stood at Rs. 28056.56 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 284324 with a total turnover of Rs. 21480.01 Crore. Along with this total number of contracts traded in stock futures were 800761 with a total turnover of Rs. 63840.91 Crore. Total numbers of contracts for index options were 6297086 with a total turnover of Rs. 494718.89 Crore and total numbers of contracts for stock options were 624771 with a total turnover of Rs. 50518.09 Crore.
As on April 18, 2017, the FIIs stood as net buyer in debt segment, but turned net seller in equity. Gross equity purchased stood at Rs. 1960.91 Crore and gross debt purchased stood at Rs. 1898.45 Crore, while the gross equity sold stood at Rs. 2028.18 Crore and gross debt sold stood at Rs. 418.41 Crore. Therefore, the net investment of equity and debt reported were Rs. -67.27 Crore and Rs. 1480.04.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
