Pre Session: Sensex, Nifty seen opening flat on muted global cues
06/06/2017
Indian equities are likely to open flat on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended slightly lower as investors digested terrorist attacks in London ahead of the UK election, while decline in Apple shares amid a rating downgrade also weighed on market sentiment. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading 9,697.00, up by 03.00 points or 0.03 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. The caution may prevail in the market ahead of the Reserve Bank of India's (RBI) monetary policy review meeting on the June 6 and 7 which would influence market sentiment this week. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. Globally, the European Central Bank monetary policy and the UK 'snap election' on June 08 will also drive market this week. On the corporate front, India Grid Trust will make a debut on BSE after successfully raising Rs 2,250 crore through initial public offering (IPO). Among others, SBI will remain in focus after the country’s largest commercial lender said that it would raise about Rs 11,000 crore through qualified institutional placement.
On Monday, the Indian equities ended higher in rangebound session, with Sensex and Nifty hitting fresh record high, as investors were buoyed by the higher-than-expected growth in the India’s Services PMI and progress of monsoon rain. Nikkei Purchasing Managers’ index (PMI) data showed that India’s services sector expanded at the fastest rate in the past four months in May at 52.2, indicating that the health of the Asia’s third largest economy continues to be positive. However, gains were restricted as caution prevailed in the market ahead of the Reserve Bank of India's (RBI) monetary policy review later this week. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31309.49, up by 36.2 points or by 0.12 per cent, and the NSE Nifty ended at 9675.1, up by 21.6 points or by 0.22 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 10383148.00, ITC Ltd. 9482413.00, ICICI Bank Ltd. 8937594.00, State Bank of India 7917410.00, Hindalco Industries Ltd. 7725805.00.
On NSE, total number of shares traded was 103.53 Crore and total turnover stood at Rs. 20992.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 118546 with a total turnover of Rs. 9432.73 Crore. Along with this total number of contracts traded in stock futures were 514803 with a total turnover of Rs. 37153.05 Crore. Total numbers of contracts for index options were 2360483 with a total turnover of Rs. 195355.23 Crore and total numbers of contracts for stock options were 280792 with a total turnover of Rs. 20927.07 Crore. As on June 05, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 4535.70 Crore and gross debt purchased stood at Rs. 3004.00 Crore, while the gross equity sold stood at Rs. 4422.33 Crore and gross debt sold stood at Rs. 403.09 Crore. Therefore, the net investment of equity and debt reported were Rs. 113.37 Crore and Rs. 2600.91.
06/06/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open flat on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. In the overnight trade, Wall Street ended slightly lower as investors digested terrorist attacks in London ahead of the UK election, while decline in Apple shares amid a rating downgrade also weighed on market sentiment. Back home, muted trend in the SGX Nifty Index Futures for June delivery, which were trading 9,697.00, up by 03.00 points or 0.03 per cent, at 10:46 AM Singapore time, also signaled a flat opening for local bourses. The caution may prevail in the market ahead of the Reserve Bank of India's (RBI) monetary policy review meeting on the June 6 and 7 which would influence market sentiment this week. The market experts opined that RBI is likely to maintain status quo due to inflation risk, global uncertainties and domestic factors. Globally, the European Central Bank monetary policy and the UK 'snap election' on June 08 will also drive market this week. On the corporate front, India Grid Trust will make a debut on BSE after successfully raising Rs 2,250 crore through initial public offering (IPO). Among others, SBI will remain in focus after the country’s largest commercial lender said that it would raise about Rs 11,000 crore through qualified institutional placement.
On Monday, the Indian equities ended higher in rangebound session, with Sensex and Nifty hitting fresh record high, as investors were buoyed by the higher-than-expected growth in the India’s Services PMI and progress of monsoon rain. Nikkei Purchasing Managers’ index (PMI) data showed that India’s services sector expanded at the fastest rate in the past four months in May at 52.2, indicating that the health of the Asia’s third largest economy continues to be positive. However, gains were restricted as caution prevailed in the market ahead of the Reserve Bank of India's (RBI) monetary policy review later this week. The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 31309.49, up by 36.2 points or by 0.12 per cent, and the NSE Nifty ended at 9675.1, up by 21.6 points or by 0.22 per cent. Top traded Volumes on NSE Nifty were Vedanta Ltd. 10383148.00, ITC Ltd. 9482413.00, ICICI Bank Ltd. 8937594.00, State Bank of India 7917410.00, Hindalco Industries Ltd. 7725805.00.
On NSE, total number of shares traded was 103.53 Crore and total turnover stood at Rs. 20992.61 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 118546 with a total turnover of Rs. 9432.73 Crore. Along with this total number of contracts traded in stock futures were 514803 with a total turnover of Rs. 37153.05 Crore. Total numbers of contracts for index options were 2360483 with a total turnover of Rs. 195355.23 Crore and total numbers of contracts for stock options were 280792 with a total turnover of Rs. 20927.07 Crore. As on June 05, 2017, the FIIs turned net buyer in both equity and debt segments. Gross equity purchased stood at Rs. 4535.70 Crore and gross debt purchased stood at Rs. 3004.00 Crore, while the gross equity sold stood at Rs. 4422.33 Crore and gross debt sold stood at Rs. 403.09 Crore. Therefore, the net investment of equity and debt reported were Rs. 113.37 Crore and Rs. 2600.91.
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