Pre Session: Gap up opening seen for Sensex, Nifty
02/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Friday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets and positive closing of Wall Street in overnight trade. US stocks ended higher on Thursday amid strong employment data which boosted the case for interest rate hikes this year. Back home, expectations of good monsoon rains this year and a favourable macroeconomic environment may further boost market sentiment. Bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,675.50, up by 42.50 points or 0.44 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses. In a boost to economy, global rating agency, Moody’s Investors Service, has said that government’s policy reforms, such as implementation of GST and resolution of sticky loans, may improve the country’s credit profile. On the corporate front, Bharti Airtel will remain in focus after the country’s leading telecom operator said that it has received approvals from the Securities & Exchange Board of India, BSE and the National Stock Exchange of India for its proposed merger with Telenor India. On Thursday, the Indian equities ended flat with negative bias as investors sentiment were dented after data late on Wednesday showed that India’s gross domestic product (GDP) contracted to 6.1 per cent in fourth quarter from a year earlier, well short of market expectations of 7.1 per cent. Adding the woes, the market experts opined that the Reserve Bank may keep key rates unchanged in its policy review due next week. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31137.59, down by 8.21 points or by 0.03 per cent, and the NSE Nifty ended at 9616.1, down by 5.15 points or by 0.05 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18075966.00, Vedanta Ltd. 15294517.00, Sun Pharmaceutical Industries Ltd. 14169918.00, Hindalco Industries Ltd. 12262290.00, State Bank of India 12186700.00. On NSE, total number of shares traded was 113.77 Crore and total turnover stood at Rs. 23462.74 Crore. On NSE Future and Options, total number of contracts traded in index futures was 138752 with a total turnover of Rs. 11395.86 Crore. Along with this total number of contracts traded in stock futures were 591755 with a total turnover of Rs. 41811.17 Crore. Total numbers of contracts for index options were 8257035 with a total turnover of Rs. 751060.11 Crore and total numbers of contracts for stock options were 318252 with a total turnover of Rs. 23438.80 Crore. As on June 01, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 16712.46 Crore and gross debt purchased stood at Rs. 1208.88 Crore, while the gross equity sold stood at Rs. 15580.62 Crore and gross debt sold stood at Rs. 448.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 1131.84 Crore and Rs. 760.60.
02/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Friday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets and positive closing of Wall Street in overnight trade. US stocks ended higher on Thursday amid strong employment data which boosted the case for interest rate hikes this year. Back home, expectations of good monsoon rains this year and a favourable macroeconomic environment may further boost market sentiment. Bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,675.50, up by 42.50 points or 0.44 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses. In a boost to economy, global rating agency, Moody’s Investors Service, has said that government’s policy reforms, such as implementation of GST and resolution of sticky loans, may improve the country’s credit profile. On the corporate front, Bharti Airtel will remain in focus after the country’s leading telecom operator said that it has received approvals from the Securities & Exchange Board of India, BSE and the National Stock Exchange of India for its proposed merger with Telenor India. On Thursday, the Indian equities ended flat with negative bias as investors sentiment were dented after data late on Wednesday showed that India’s gross domestic product (GDP) contracted to 6.1 per cent in fourth quarter from a year earlier, well short of market expectations of 7.1 per cent. Adding the woes, the market experts opined that the Reserve Bank may keep key rates unchanged in its policy review due next week. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31137.59, down by 8.21 points or by 0.03 per cent, and the NSE Nifty ended at 9616.1, down by 5.15 points or by 0.05 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 18075966.00, Vedanta Ltd. 15294517.00, Sun Pharmaceutical Industries Ltd. 14169918.00, Hindalco Industries Ltd. 12262290.00, State Bank of India 12186700.00. On NSE, total number of shares traded was 113.77 Crore and total turnover stood at Rs. 23462.74 Crore. On NSE Future and Options, total number of contracts traded in index futures was 138752 with a total turnover of Rs. 11395.86 Crore. Along with this total number of contracts traded in stock futures were 591755 with a total turnover of Rs. 41811.17 Crore. Total numbers of contracts for index options were 8257035 with a total turnover of Rs. 751060.11 Crore and total numbers of contracts for stock options were 318252 with a total turnover of Rs. 23438.80 Crore. As on June 01, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 16712.46 Crore and gross debt purchased stood at Rs. 1208.88 Crore, while the gross equity sold stood at Rs. 15580.62 Crore and gross debt sold stood at Rs. 448.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 1131.84 Crore and Rs. 760.60.
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