Pre Session: Sensex, Nifty seen opening higher; TCS Q1 eyed
13/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks were trading higher as market sentiment got a lift by dovish comment from Federal Reserve Chair Janet Yellen. In the overnight trade, Wall Street ended on bullish note after Janet Yellen told Congress 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 9,877.00, up by 41 points or 0.42 per cent, at 10:52 AM Singapore time, also signalled a positive opening for local bourses. On the economy front, 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. On the corporate front, TCS will officially kick-off June quarter earnings as IT bellwether will release Q1 results on July 13, 2017, while Infosys will declare its April-June quarter results on July 14, 2017.
On Wednesday, the Indian equities continued gaining streak for the third straight session, with Sensex and Nifty hitting fresh high led by gains in oil&gas and PSU stocks, tracking mixed cues from Asian peers. The foreign and domestic investors continued to bet on Indian equities amid optimism over June quarter corporate earnings and good monsoon rainfall. On the sectoral front, IT and Teck stocks witnessed profit booking ahead of the beginning of June quarter earnings seasons due tomorrow. The 30-share barometer SENSEX closed at 31804.82, up by 57.73 points or by 0.18 per cent, and the NSE Nifty was at 9816.1, up by 30.05 points or by 0.31 per cent.
Top traded Volumes on NSE Nifty were Oil And Natural Gas Corporation Ltd. 12966188.00, ITC Ltd. 10249263.00, Bank of Baroda 8654854.00, Hindalco Industries Ltd. 8329987.00, ICICI Bank Ltd. 8091465.00.
On NSE, total number of shares traded was 150.50 Crore and total turnover stood at Rs. 25076.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 161846 with a total turnover of Rs. 13192.36 Crore. Along with this total number of contracts traded in stock futures were 581774 with a total turnover of Rs. 41921.48 Crore. Total numbers of contracts for index options were 5329048 with a total turnover of Rs. 472720.01 Crore and total numbers of contracts for stock options were 367210 with a total turnover of Rs. 27089.22 Crore.
As on July 12, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5676.71 Crore and gross debt purchased stood at Rs. 8907.26 Crore, while the gross equity sold stood at Rs. 5516.09 Crore and gross debt sold stood at Rs. 1054.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 160.62 Crore and Rs. 7852.98.
13/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open higher on Thursday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and positive trading across Asian markets. The Asian stocks were trading higher as market sentiment got a lift by dovish comment from Federal Reserve Chair Janet Yellen. In the overnight trade, Wall Street ended on bullish note after Janet Yellen told Congress 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 9,877.00, up by 41 points or 0.42 per cent, at 10:52 AM Singapore time, also signalled a positive opening for local bourses. On the economy front, 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. On the corporate front, TCS will officially kick-off June quarter earnings as IT bellwether will release Q1 results on July 13, 2017, while Infosys will declare its April-June quarter results on July 14, 2017.
On Wednesday, the Indian equities continued gaining streak for the third straight session, with Sensex and Nifty hitting fresh high led by gains in oil&gas and PSU stocks, tracking mixed cues from Asian peers. The foreign and domestic investors continued to bet on Indian equities amid optimism over June quarter corporate earnings and good monsoon rainfall. On the sectoral front, IT and Teck stocks witnessed profit booking ahead of the beginning of June quarter earnings seasons due tomorrow. The 30-share barometer SENSEX closed at 31804.82, up by 57.73 points or by 0.18 per cent, and the NSE Nifty was at 9816.1, up by 30.05 points or by 0.31 per cent.
Top traded Volumes on NSE Nifty were Oil And Natural Gas Corporation Ltd. 12966188.00, ITC Ltd. 10249263.00, Bank of Baroda 8654854.00, Hindalco Industries Ltd. 8329987.00, ICICI Bank Ltd. 8091465.00.
On NSE, total number of shares traded was 150.50 Crore and total turnover stood at Rs. 25076.90 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 161846 with a total turnover of Rs. 13192.36 Crore. Along with this total number of contracts traded in stock futures were 581774 with a total turnover of Rs. 41921.48 Crore. Total numbers of contracts for index options were 5329048 with a total turnover of Rs. 472720.01 Crore and total numbers of contracts for stock options were 367210 with a total turnover of Rs. 27089.22 Crore.
As on July 12, 2017, the FIIs turned net buyer in both debt and equity segment. Gross equity purchased stood at Rs. 5676.71 Crore and gross debt purchased stood at Rs. 8907.26 Crore, while the gross equity sold stood at Rs. 5516.09 Crore and gross debt sold stood at Rs. 1054.28 Crore. Therefore, the net investment of equity and debt reported were Rs. 160.62 Crore and Rs. 7852.98.
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