Pre Session: Flat opening on cards for Sensex, Nifty; UCO Bank, OBC Q4 eyed
12/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open flat on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets after Wall Street ended lower in overnight trade on weak corporate earnings. Back home, muted trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,442.00, up by 02.5 points or 0.03 per cent, at 10:50 AM Singapore time, also signaled a flat opening for local bourses. In a respite to local bourses, foreign institutional investors (FIIs), who are considered to be the most influential market participants in Indian equity markets, have injected fresh fund, exchange data showed on Thursday. On the economy front, factory output and inflation data is set to release today which may set the future direction for markets. Investors will react to earnings report of Asian Paints after the company reported a 10.14 per cent growth in its net profit at Rs 479.61 crore for the quarter ended March 31, 2017 against Rs 435.47 crore in FY16. On the corporate front, Dr Reddy’s Laboratories, Titan, UCO Bank, Inox, Wind, OBC and PNB Housing will remain in focus as they will unveil March quarter earnings report today. State-run Housing and Urban Development Corporation (Hudco) on Thursday closed Rs 1,224.35-crore initial public offering, which was subscribed 79.47 times.
On Thursday, the Indian equities ended flat with positive bias, paring early gains, as investors resorted to profit taking, especially in power and oil & gas sector, to benefit from strong rally in the last three sessions, tracking mixed cues from Asian markets. The key benchmarks, Sensex and Nifty, still managed to close at fresh high above key milestones of 30K and 9,400 amid sustained fund inflows after the India Meteorological Department (IMD) forecasted above average monsoon rainfall in 2017. The 30-share barometer SENSEX closed at 30250.98, up by 2.81 points or by 0.01 per cent, and the NSE Nifty ended at 9422.4, up by 15.1 points or by 0.16 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 23026210.00, State Bank of India 11934889.00, Oil And Natural Gas Corporation Ltd. 10796830.00, ITC Ltd. 9415397.00, ICICI Bank Ltd. 9328299.00. On NSE, total number of shares traded was 114.47 Crore and total turnover stood at Rs. 25387.29 Crore. On NSE Future and Options, total number of contracts traded in index futures was 141804 with a total turnover of Rs. 11362.24 Crore. Along with this total number of contracts traded in stock futures were 692955 with a total turnover of Rs. 51477.86 Crore. Total numbers of contracts for index options were 7461250 with a total turnover of Rs. 651966.62 Crore and total numbers of contracts for stock options were 453401 with a total turnover of Rs. 34411.14 Crore.
As on May 11, 2017, the FIIs emerged as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9717.64 Crore and gross debt purchased stood at Rs. 678.91 Crore, while the gross equity sold stood at Rs. 8352.72 Crore and gross debt sold stood at Rs. 562.70 Crore. herefore, the net investment of equity and debt reported were Rs. 1364.92 Crore and Rs. 116.21.
12/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open flat on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets after Wall Street ended lower in overnight trade on weak corporate earnings. Back home, muted trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,442.00, up by 02.5 points or 0.03 per cent, at 10:50 AM Singapore time, also signaled a flat opening for local bourses. In a respite to local bourses, foreign institutional investors (FIIs), who are considered to be the most influential market participants in Indian equity markets, have injected fresh fund, exchange data showed on Thursday. On the economy front, factory output and inflation data is set to release today which may set the future direction for markets. Investors will react to earnings report of Asian Paints after the company reported a 10.14 per cent growth in its net profit at Rs 479.61 crore for the quarter ended March 31, 2017 against Rs 435.47 crore in FY16. On the corporate front, Dr Reddy’s Laboratories, Titan, UCO Bank, Inox, Wind, OBC and PNB Housing will remain in focus as they will unveil March quarter earnings report today. State-run Housing and Urban Development Corporation (Hudco) on Thursday closed Rs 1,224.35-crore initial public offering, which was subscribed 79.47 times.
On Thursday, the Indian equities ended flat with positive bias, paring early gains, as investors resorted to profit taking, especially in power and oil & gas sector, to benefit from strong rally in the last three sessions, tracking mixed cues from Asian markets. The key benchmarks, Sensex and Nifty, still managed to close at fresh high above key milestones of 30K and 9,400 amid sustained fund inflows after the India Meteorological Department (IMD) forecasted above average monsoon rainfall in 2017. The 30-share barometer SENSEX closed at 30250.98, up by 2.81 points or by 0.01 per cent, and the NSE Nifty ended at 9422.4, up by 15.1 points or by 0.16 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 23026210.00, State Bank of India 11934889.00, Oil And Natural Gas Corporation Ltd. 10796830.00, ITC Ltd. 9415397.00, ICICI Bank Ltd. 9328299.00. On NSE, total number of shares traded was 114.47 Crore and total turnover stood at Rs. 25387.29 Crore. On NSE Future and Options, total number of contracts traded in index futures was 141804 with a total turnover of Rs. 11362.24 Crore. Along with this total number of contracts traded in stock futures were 692955 with a total turnover of Rs. 51477.86 Crore. Total numbers of contracts for index options were 7461250 with a total turnover of Rs. 651966.62 Crore and total numbers of contracts for stock options were 453401 with a total turnover of Rs. 34411.14 Crore.
As on May 11, 2017, the FIIs emerged as net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 9717.64 Crore and gross debt purchased stood at Rs. 678.91 Crore, while the gross equity sold stood at Rs. 8352.72 Crore and gross debt sold stood at Rs. 562.70 Crore. herefore, the net investment of equity and debt reported were Rs. 1364.92 Crore and Rs. 116.21.
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