Pre Session: Sensex, Nifty seen opening higher after Macron's victory; Canara Bank Q4 eyed
08/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Monday, tracking positive cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets following the landslide victory of pro-European Union candidate Emmanuel Macron in the French polls on Sunday. In Friday, the Wall Street ended higher as robust US jobs report indicated healthy economic growth of the world’s largest economy. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,335.50, up by 18.50 points or 0.20 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. Adding to it, rebound in crude oil prices from record low after comments from Saudi Arabia's OPEC governor Adeeb Al-Aama to extend the production agreement reached last year, may also fuel rally to Dalal-Street. ABB, Canara Bank, Bharti Infratel, Nocil, Union Bank and Pokarna will remain in focus as they will unveil March quarter earnings report today. Among others, state-controlled Housing and Urban Development Corporation (Hudco) will hit capital market today as government plans to sell 10.19 per cent stake in the company though IPO which closes on May 11.
On Friday, the Indian equities ended lower as investors engaged in broad-based selling, tracking weakness in Asian markets, as fall in commodities raised concerns about the health of the global economy. The investors also weighed newly-appointed US president Donald Trump's reform plans after the US House of Representatives passed Republican healthcare plan, replacing Obamacare, while cautioned prevailed ahead of Friday's government payrolls data. On the sectoral front, metal index plunged 2.5 per cent following consolidation in global metals prices, while oil&gas index slipped 1.6 per cent as oil prices fell to its lowest level in over five months. The 30-share barometer SENSEX closed at 29858.8, down by 267.41 points or by 0.89 per cent, and the NSE Nifty ended at 9285.3, down by 74.6 points or by 0.8 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 43808474.00, State Bank of India 34756331.00, Bank of Baroda 27045694.00, Hindalco Industries Ltd. 19912601.00, Tata Motors Ltd. 9487539.00. On NSE, total number of shares traded was 145.74 Crore and total turnover stood at Rs. 28922.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 217768 with a total turnover of Rs. 17101.76 Crore. Along with this total number of contracts traded in stock futures were 838586 with a total turnover of Rs. 64287.06 Crore. Total numbers of contracts for index options were 3434983 with a total turnover of Rs. 279003.32 Crore and total numbers of contracts for stock options were 519270 with a total turnover of Rs. 40891.72 Crore. As on May 05, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 6023.42 Crore and gross debt purchased stood at Rs. 975.54 Crore, while the gross equity sold stood at Rs. 6163.58 Crore and gross debt sold stood at Rs. 228.60 Crore. Therefore, the net investment of equity and debt reported were Rs. -140.16 Crore and Rs. 746.94.
08/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Monday, tracking positive cues from Nifty futures on the Singapore Stock Exchange and firm trading across Asian markets following the landslide victory of pro-European Union candidate Emmanuel Macron in the French polls on Sunday. In Friday, the Wall Street ended higher as robust US jobs report indicated healthy economic growth of the world’s largest economy. Back home, bullish trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,335.50, up by 18.50 points or 0.20 per cent, at 10:44 AM Singapore time, also signaled a positive opening for local bourses. Adding to it, rebound in crude oil prices from record low after comments from Saudi Arabia's OPEC governor Adeeb Al-Aama to extend the production agreement reached last year, may also fuel rally to Dalal-Street. ABB, Canara Bank, Bharti Infratel, Nocil, Union Bank and Pokarna will remain in focus as they will unveil March quarter earnings report today. Among others, state-controlled Housing and Urban Development Corporation (Hudco) will hit capital market today as government plans to sell 10.19 per cent stake in the company though IPO which closes on May 11.
On Friday, the Indian equities ended lower as investors engaged in broad-based selling, tracking weakness in Asian markets, as fall in commodities raised concerns about the health of the global economy. The investors also weighed newly-appointed US president Donald Trump's reform plans after the US House of Representatives passed Republican healthcare plan, replacing Obamacare, while cautioned prevailed ahead of Friday's government payrolls data. On the sectoral front, metal index plunged 2.5 per cent following consolidation in global metals prices, while oil&gas index slipped 1.6 per cent as oil prices fell to its lowest level in over five months. The 30-share barometer SENSEX closed at 29858.8, down by 267.41 points or by 0.89 per cent, and the NSE Nifty ended at 9285.3, down by 74.6 points or by 0.8 per cent. Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 43808474.00, State Bank of India 34756331.00, Bank of Baroda 27045694.00, Hindalco Industries Ltd. 19912601.00, Tata Motors Ltd. 9487539.00. On NSE, total number of shares traded was 145.74 Crore and total turnover stood at Rs. 28922.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 217768 with a total turnover of Rs. 17101.76 Crore. Along with this total number of contracts traded in stock futures were 838586 with a total turnover of Rs. 64287.06 Crore. Total numbers of contracts for index options were 3434983 with a total turnover of Rs. 279003.32 Crore and total numbers of contracts for stock options were 519270 with a total turnover of Rs. 40891.72 Crore. As on May 05, 2017, the FIIs continued to remain net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 6023.42 Crore and gross debt purchased stood at Rs. 975.54 Crore, while the gross equity sold stood at Rs. 6163.58 Crore and gross debt sold stood at Rs. 228.60 Crore. Therefore, the net investment of equity and debt reported were Rs. -140.16 Crore and Rs. 746.94.
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