Pre Session: Sensex, Nifty seen opening higher; RIL Q4 eyed
24/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are poised to open higher on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange, while Asian markets were trading mostly higher as investors remained focused to the outcome of French presidential election, which goes for the first round of polls on Sunday. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,137.50, up by 08.50 points or 0.09 per cent, at 10:38 AM Singapore time, also signaled a positive opening for local bourses. Domestic events would take center stage today as index heavyweight Reliance Industries, Indiabulls Housing Finance and Ultratech Cement will unveil earnings report later today. 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. 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. Investors would also react to Fed papers report which suggested that the goods and services tax (GST) could enhance the country’s gross domestic product by up to 4.2 per cent.
On Friday, the Indian equities ended tad lower in choppy trade, paring early gains in second half of trading session, weighed down by hefty selling across FMCG, healthcare, metal and banking stocks, undermining firm cues from Asian peers. Globally, Asian markets ended higher amid renewed optimism over US President Donald Trump's tax reform plans. HDFC rose over 2 per cent after private sector lender reported a 18.3 per cent growth in its net profit at Rs 3,990.10 crore during the January-March quarter of 2017-18, helped by increase in other income and net interest income. Among others, RIL ended 2 per cent higher after media reported that Telecom tribunal TDSAT today deferred hearing on Reliance Jio free-offer case to May 3. The BSE SENSEX closed at 29365.3, down by 57.09 points or by 0.19 per cent, and the NSE Nifty ended at 9119.4, down by 17 points or by 0.19 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16514436.00, Hindalco Industries Ltd. 13683524.00, State Bank of India 12042308.00, Axis Bank Ltd. 10301245.00, ITC Ltd. 8706432.00. On NSE, total number of shares traded was 145.57 Crore and total turnover stood at Rs. 25406.30 Crore. On NSE Future and Options, total number of contracts traded in index futures was 239304 with a total turnover of Rs. 17911.03 Crore. Along with this total number of contracts traded in stock futures were 755043 with a total turnover of Rs. 58554.24 Crore. Total numbers of contracts for index options were 4283415 with a total turnover of Rs. 321670.97 Crore and total numbers of contracts for stock options were 618763 with a total turnover of Rs. 50323.61 Crore.
As on April 21, 2017, the FIIs continued to remain net buyer in debt segment and net seller in equity. Gross equity purchased stood at Rs. 3964.98 Crore and gross debt purchased stood at Rs. 436.87 Crore, while the gross equity sold stood at Rs. 4074.22 Crore and gross debt sold stood at Rs. 310.43 Crore. Therefore, the net investment of equity and debt reported were Rs. -109.24 Crore and Rs. 126.44.
24/04/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are poised to open higher on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange, while Asian markets were trading mostly higher as investors remained focused to the outcome of French presidential election, which goes for the first round of polls on Sunday. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,137.50, up by 08.50 points or 0.09 per cent, at 10:38 AM Singapore time, also signaled a positive opening for local bourses. Domestic events would take center stage today as index heavyweight Reliance Industries, Indiabulls Housing Finance and Ultratech Cement will unveil earnings report later today. 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. 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. Investors would also react to Fed papers report which suggested that the goods and services tax (GST) could enhance the country’s gross domestic product by up to 4.2 per cent.
On Friday, the Indian equities ended tad lower in choppy trade, paring early gains in second half of trading session, weighed down by hefty selling across FMCG, healthcare, metal and banking stocks, undermining firm cues from Asian peers. Globally, Asian markets ended higher amid renewed optimism over US President Donald Trump's tax reform plans. HDFC rose over 2 per cent after private sector lender reported a 18.3 per cent growth in its net profit at Rs 3,990.10 crore during the January-March quarter of 2017-18, helped by increase in other income and net interest income. Among others, RIL ended 2 per cent higher after media reported that Telecom tribunal TDSAT today deferred hearing on Reliance Jio free-offer case to May 3. The BSE SENSEX closed at 29365.3, down by 57.09 points or by 0.19 per cent, and the NSE Nifty ended at 9119.4, down by 17 points or by 0.19 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 16514436.00, Hindalco Industries Ltd. 13683524.00, State Bank of India 12042308.00, Axis Bank Ltd. 10301245.00, ITC Ltd. 8706432.00. On NSE, total number of shares traded was 145.57 Crore and total turnover stood at Rs. 25406.30 Crore. On NSE Future and Options, total number of contracts traded in index futures was 239304 with a total turnover of Rs. 17911.03 Crore. Along with this total number of contracts traded in stock futures were 755043 with a total turnover of Rs. 58554.24 Crore. Total numbers of contracts for index options were 4283415 with a total turnover of Rs. 321670.97 Crore and total numbers of contracts for stock options were 618763 with a total turnover of Rs. 50323.61 Crore.
As on April 21, 2017, the FIIs continued to remain net buyer in debt segment and net seller in equity. Gross equity purchased stood at Rs. 3964.98 Crore and gross debt purchased stood at Rs. 436.87 Crore, while the gross equity sold stood at Rs. 4074.22 Crore and gross debt sold stood at Rs. 310.43 Crore. Therefore, the net investment of equity and debt reported were Rs. -109.24 Crore and Rs. 126.44.
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