Pre Session: Bull-run likely to dominant at D-Street; Infosys Q1 eyed
14/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to extend rally on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks continued to trade higher for the fifth straight session on Friday as investors await US inflation data and earnings from some of America’s biggest banks. In the overnight trade, Wall Street ended in green as market sentiment got a lift by dovish comment from Federal Reserve Chair Janet Yellen. In a testimonial to Congress, Janet Yellen said that the Federal Reserve will hike interest rate at a gradual pace and start trimming its bond holdings this year. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,907.50, up by 13.5 points or 0.14 per cent, at 10:54 AM Singapore time, also signaled a positive opening for local bourses. On the economy front, Prime Minister Narendra Modi will hold a meeting today to review the country's foreign direct investment policy to further ease investment norms, which is likely to boost foreign inflows in the market. Investors will keep an eye on wholesale price index (WPI) for June which will be released today after consumer price index (CPI)-based inflation slipped to record low, putting pressure on the Reserve Bank of India to cut the policy interest rate in August. Investors will also react to earnings of Tata Consultancy Services which was largely below market estimates due to wage hikes and currency headwinds. After muted earnings from TCS, IT bellwether Infosys will declare its April-June quarter results today.
On Thursday, the Indian equities extended rally on Thursday, thanks to fall in retail inflation and dovish comments from US Fed Chair Janet Yellen, tracking firm cues from Asian peers. In a testimony before the US Congress, Yellen said that the Federal Reserve will hike interest rate at a gradual pace and start trimming its bond holdings this year. Back home, India’s industrial production slowed to a three-month low in May while consumer price index (CPI)-based inflation slipped to record low, putting pressure on the Reserve Bank of India to cut the policy interest rate in August. IT bellwether TCS ended marginally ahead of its April-June quarter results due today. The 30-share barometer SENSEX closed at 32037.38, up by 232.56 points or by 0.73 per cent, and the NSE Nifty ended at 9891.7, up by 75.6 points or by 0.77 per cent.
Top traded Volumes on NSE Nifty were Axis Bank Ltd. 22231839.00, ITC Ltd. 17491942.00, ICICI Bank Ltd. 13747313.00, Hindalco Industries Ltd. 11902359.00, Oil And Natural Gas Corporation Ltd. 9072801.00.
On NSE, total number of shares traded was 143.05 Crore and total turnover stood at Rs. 28366.74 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 177965 with a total turnover of Rs. 14849.70 Crore. Along with this total number of contracts traded in stock futures were 659794 with a total turnover of Rs. 47067.34 Crore. Total numbers of contracts for index options were 9973307 with a total turnover of Rs. 909945.63 Crore and total numbers of contracts for stock options were 456181 with a total turnover of Rs. 32678.79 Crore.
As on July 13, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 4631.63 Crore and gross debt purchased stood at Rs. 2640.25 Crore, while the gross equity sold stood at Rs. 4084.63 Crore and gross debt sold stood at Rs. 690.10 Crore. Therefore, the net investment of equity and debt reported were Rs. 547.00 Crore and Rs. 1950.15.
14/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to extend rally on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks continued to trade higher for the fifth straight session on Friday as investors await US inflation data and earnings from some of America’s biggest banks. In the overnight trade, Wall Street ended in green as market sentiment got a lift by dovish comment from Federal Reserve Chair Janet Yellen. In a testimonial to Congress, Janet Yellen said that the Federal Reserve will hike interest rate at a gradual pace and start trimming its bond holdings this year. Back home, bullish trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,907.50, up by 13.5 points or 0.14 per cent, at 10:54 AM Singapore time, also signaled a positive opening for local bourses. On the economy front, Prime Minister Narendra Modi will hold a meeting today to review the country's foreign direct investment policy to further ease investment norms, which is likely to boost foreign inflows in the market. Investors will keep an eye on wholesale price index (WPI) for June which will be released today after consumer price index (CPI)-based inflation slipped to record low, putting pressure on the Reserve Bank of India to cut the policy interest rate in August. Investors will also react to earnings of Tata Consultancy Services which was largely below market estimates due to wage hikes and currency headwinds. After muted earnings from TCS, IT bellwether Infosys will declare its April-June quarter results today.
On Thursday, the Indian equities extended rally on Thursday, thanks to fall in retail inflation and dovish comments from US Fed Chair Janet Yellen, tracking firm cues from Asian peers. In a testimony before the US Congress, Yellen said that the Federal Reserve will hike interest rate at a gradual pace and start trimming its bond holdings this year. Back home, India’s industrial production slowed to a three-month low in May while consumer price index (CPI)-based inflation slipped to record low, putting pressure on the Reserve Bank of India to cut the policy interest rate in August. IT bellwether TCS ended marginally ahead of its April-June quarter results due today. The 30-share barometer SENSEX closed at 32037.38, up by 232.56 points or by 0.73 per cent, and the NSE Nifty ended at 9891.7, up by 75.6 points or by 0.77 per cent.
Top traded Volumes on NSE Nifty were Axis Bank Ltd. 22231839.00, ITC Ltd. 17491942.00, ICICI Bank Ltd. 13747313.00, Hindalco Industries Ltd. 11902359.00, Oil And Natural Gas Corporation Ltd. 9072801.00.
On NSE, total number of shares traded was 143.05 Crore and total turnover stood at Rs. 28366.74 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 177965 with a total turnover of Rs. 14849.70 Crore. Along with this total number of contracts traded in stock futures were 659794 with a total turnover of Rs. 47067.34 Crore. Total numbers of contracts for index options were 9973307 with a total turnover of Rs. 909945.63 Crore and total numbers of contracts for stock options were 456181 with a total turnover of Rs. 32678.79 Crore.
As on July 13, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 4631.63 Crore and gross debt purchased stood at Rs. 2640.25 Crore, while the gross equity sold stood at Rs. 4084.63 Crore and gross debt sold stood at Rs. 690.10 Crore. Therefore, the net investment of equity and debt reported were Rs. 547.00 Crore and Rs. 1950.15.
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