Pre Session: Sensex, Nifty set to extend rally; bank stocks in focus
05/04/2017 08:35
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to continue their gaining momentum on Wednesday after Ram Navami holiday yesterday, tracking firm cues from Asian markets. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,280.00, up by 6.00 points or 0.06 per cent, at 10:52 AM Singapore time, also signaled a positive start for Sensex. The banking stocks will remain in focus ahead of the Reserve Bank policy review, while experts expect no change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be key elements. However, the Yogi Adityanath-led UP government’s decision to write off crop loans worth Rs 36,000 crore would weigh on market sentiment. Shankara Building Products, who raises Rs 350 crore through initial public offering (IPO), will remain in focus as it will make its debut on BSE and NSE today.
On Monday, the Indian equity closed at record high on the first session of financial year 2018-19, driven by strong rally in index heavyweights such as Reliance Industries, Larsen & Toubro, Dr. Reddy's Lab, ICICI Bank and GAIL, tracking firm cues from fellow Asian peers. Investors were also buoyed by higher-than-expected GDP growth estimates by the finance minister, who pegged India's GDP growth at 7.2 per cent in 2017 and 7.7 per cent in 2018. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29910.22, up by 289.72 points or by 0.98 per cent, and the NSE Nifty ended at 9237.85, up by 64.1 points or by 0.7 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18590561.00, State Bank of India 10509610.00, Reliance Industries Ltd. 10260327.00, ITC Ltd. 7228785.00, Hindalco Industries Ltd. 7198876.00.
On NSE, total number of shares traded was 120.64 Crore and total turnover stood at Rs. 22072.93 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 163432 with a total turnover of Rs. 12056.12 Crore. Along with this total number of contracts traded in stock futures were 536813 with a total turnover of Rs. 38668.75 Crore. Total numbers of contracts for index options were 2343156 with a total turnover of Rs. 181368.08 Crore and total numbers of contracts for stock options were 313044 with a total turnover of Rs. 23069.54 Crore.
The FIIs on April 03, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9068.66 Crore and gross debt purchased stood at Rs. 2109.42 Crore, while the gross equity sold stood at Rs. 5579.09 Crore and gross debt sold stood at Rs. 1429.35 Crore. Therefore, the net investment of equity and debt reported were Rs. 3489.57 Crore and Rs. 680.07.
05/04/2017 08:35
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to continue their gaining momentum on Wednesday after Ram Navami holiday yesterday, tracking firm cues from Asian markets. Bullish trend in the SGX Nifty Index Futures for April delivery, which were trading at 9,280.00, up by 6.00 points or 0.06 per cent, at 10:52 AM Singapore time, also signaled a positive start for Sensex. The banking stocks will remain in focus ahead of the Reserve Bank policy review, while experts expect no change in rates, but outlook for the next one year, including NPA resolution and liquidity management, would be key elements. However, the Yogi Adityanath-led UP government’s decision to write off crop loans worth Rs 36,000 crore would weigh on market sentiment. Shankara Building Products, who raises Rs 350 crore through initial public offering (IPO), will remain in focus as it will make its debut on BSE and NSE today.
On Monday, the Indian equity closed at record high on the first session of financial year 2018-19, driven by strong rally in index heavyweights such as Reliance Industries, Larsen & Toubro, Dr. Reddy's Lab, ICICI Bank and GAIL, tracking firm cues from fellow Asian peers. Investors were also buoyed by higher-than-expected GDP growth estimates by the finance minister, who pegged India's GDP growth at 7.2 per cent in 2017 and 7.7 per cent in 2018. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29910.22, up by 289.72 points or by 0.98 per cent, and the NSE Nifty ended at 9237.85, up by 64.1 points or by 0.7 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18590561.00, State Bank of India 10509610.00, Reliance Industries Ltd. 10260327.00, ITC Ltd. 7228785.00, Hindalco Industries Ltd. 7198876.00.
On NSE, total number of shares traded was 120.64 Crore and total turnover stood at Rs. 22072.93 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 163432 with a total turnover of Rs. 12056.12 Crore. Along with this total number of contracts traded in stock futures were 536813 with a total turnover of Rs. 38668.75 Crore. Total numbers of contracts for index options were 2343156 with a total turnover of Rs. 181368.08 Crore and total numbers of contracts for stock options were 313044 with a total turnover of Rs. 23069.54 Crore.
The FIIs on April 03, 2017 stood as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9068.66 Crore and gross debt purchased stood at Rs. 2109.42 Crore, while the gross equity sold stood at Rs. 5579.09 Crore and gross debt sold stood at Rs. 1429.35 Crore. Therefore, the net investment of equity and debt reported were Rs. 3489.57 Crore and Rs. 680.07.
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