Pre Session: Sensex, Nifty seen opening in red on weak global cues
30/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open lower on Tuesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets as investors were spooked by reports of an early election in Italy. Major markets around the world remained closed today for various holidays, with Hong Kong and China shut for a public holiday, while Wall Street remained closed on Monday for Memorial Day. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,589.00, down by 28.00 points or 0.29 per cent, at 10:50 AM Singapore time, also signaled a negative opening for local bourses. However, reports of possible arrival of monsoon on Kerala coast today along with corporate earnings may boost market sentiment. Adding to it, sustained buying by domestic institutional investors (DIIs) could hold an upper hand on Dalal Street. On the economy front, capital market regulator Sebi has proposed to restrict participatory notes (p-notes), an instrument used by foreign investors to take exposure to the domestic market, which would bar them from taking speculative positions in the futures and options segment. On the corporate front, investors will react to earnings report of Coal India after state-run firm reported a 38 per cent fall in net profit for the quarter ended March 31, at Rs 2,716 crore, due to low power demand and falling realisations from e-auctions. On the earnings front, Anant Raj, Apollo Hospitals, Berger Paints, BEML, EIH, Gitanjali Gems, IRB Infra, Max Financial Services and Natco Pharma, will remain in focus as they will unveil March quarter results today.
On Monday, the Indian equities extended gaining momentum for the third day, with benchmarks Sensex and Nifty closing at fresh high, helped by strong buying across FMCG, auto and consumer durables stocks, tracking muted cues from Asian markets after the latest ballistic missile test by North Korea. However, hefty selling across broader markets, with MidCap and SmalCap falling between 1.03 per cent-1.53 per cent, restricted the upward movement. The market rally was supported by sustained fund inflows and buying in frontline bluchip such as HDFC, HUL, Cipla, ITC, Hero MotoCorp and Maruti Suzuki. The 30-share barometer SENSEX closed at a new high of 31109.28, up by 81.07 points or by 0.26 per cent, and the NSE Nifty ended at 9604.9, up by 9.8 points or by 0.1 per cent. Top traded Volumes on NSE Nifty were Sun Pharmaceutical Industries Ltd. 42138319.00, ITC Ltd. 19665146.00, Mahindra & Mahindra Ltd. 17135931.00, Hindalco Industries Ltd. 12516450.00, State Bank of India 10619968.00.
On NSE, total number of shares traded was 129.86 Crore and total turnover stood at Rs. 26025.27 Crore. On NSE Future and Options, total number of contracts traded in index futures was 224732 with a total turnover of Rs. 17727.76 Crore. Along with this total number of contracts traded in stock futures were 749392 with a total turnover of Rs. 49845.13 Crore. Total numbers of contracts for index options were 3940058 with a total turnover of Rs. 328043.39 Crore and total numbers of contracts for stock options were 441970 with a total turnover of Rs. 30626.41 Crore.
As on May 29, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4493.86 Crore and gross debt purchased stood at Rs. 2788.85 Crore, while the gross equity sold stood at Rs. 4809.96 Crore and gross debt sold stood at Rs. 861.19 Crore. Therefore, the net investment of equity and debt reported were Rs. -316.10 Crore and Rs. 1927.66.
30/05/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open lower on Tuesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets as investors were spooked by reports of an early election in Italy. Major markets around the world remained closed today for various holidays, with Hong Kong and China shut for a public holiday, while Wall Street remained closed on Monday for Memorial Day. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,589.00, down by 28.00 points or 0.29 per cent, at 10:50 AM Singapore time, also signaled a negative opening for local bourses. However, reports of possible arrival of monsoon on Kerala coast today along with corporate earnings may boost market sentiment. Adding to it, sustained buying by domestic institutional investors (DIIs) could hold an upper hand on Dalal Street. On the economy front, capital market regulator Sebi has proposed to restrict participatory notes (p-notes), an instrument used by foreign investors to take exposure to the domestic market, which would bar them from taking speculative positions in the futures and options segment. On the corporate front, investors will react to earnings report of Coal India after state-run firm reported a 38 per cent fall in net profit for the quarter ended March 31, at Rs 2,716 crore, due to low power demand and falling realisations from e-auctions. On the earnings front, Anant Raj, Apollo Hospitals, Berger Paints, BEML, EIH, Gitanjali Gems, IRB Infra, Max Financial Services and Natco Pharma, will remain in focus as they will unveil March quarter results today.
On Monday, the Indian equities extended gaining momentum for the third day, with benchmarks Sensex and Nifty closing at fresh high, helped by strong buying across FMCG, auto and consumer durables stocks, tracking muted cues from Asian markets after the latest ballistic missile test by North Korea. However, hefty selling across broader markets, with MidCap and SmalCap falling between 1.03 per cent-1.53 per cent, restricted the upward movement. The market rally was supported by sustained fund inflows and buying in frontline bluchip such as HDFC, HUL, Cipla, ITC, Hero MotoCorp and Maruti Suzuki. The 30-share barometer SENSEX closed at a new high of 31109.28, up by 81.07 points or by 0.26 per cent, and the NSE Nifty ended at 9604.9, up by 9.8 points or by 0.1 per cent. Top traded Volumes on NSE Nifty were Sun Pharmaceutical Industries Ltd. 42138319.00, ITC Ltd. 19665146.00, Mahindra & Mahindra Ltd. 17135931.00, Hindalco Industries Ltd. 12516450.00, State Bank of India 10619968.00.
On NSE, total number of shares traded was 129.86 Crore and total turnover stood at Rs. 26025.27 Crore. On NSE Future and Options, total number of contracts traded in index futures was 224732 with a total turnover of Rs. 17727.76 Crore. Along with this total number of contracts traded in stock futures were 749392 with a total turnover of Rs. 49845.13 Crore. Total numbers of contracts for index options were 3940058 with a total turnover of Rs. 328043.39 Crore and total numbers of contracts for stock options were 441970 with a total turnover of Rs. 30626.41 Crore.
As on May 29, 2017, the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4493.86 Crore and gross debt purchased stood at Rs. 2788.85 Crore, while the gross equity sold stood at Rs. 4809.96 Crore and gross debt sold stood at Rs. 861.19 Crore. Therefore, the net investment of equity and debt reported were Rs. -316.10 Crore and Rs. 1927.66.
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