Pre Session: Sensex, Nifty seen opening flat on weak global cues; rail stocks in focus
05/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to continue lackluster trade on Wednesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets. The Asian stocks retreated amid escalating geo-political tensions after North Korea launched a long-range ballistic missile which landed in Japan's exclusive economic zone (EEZ), Reuters said. In a response to North Korea's missile launch, South Korea and the US conducted an offensive ballistic missile drill, said the media report. The US markets remained closed on Tuesday on the eve of Independence Day. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,633.50, up by 8.50 points or 0.09 per cent, at 10:52 AM Singapore time, also signaled a flat opening for local bourses. In absence of any major trigger, investors keenly eyed the June quarter corporate earnings which will begin next week. The market is also anticipating rate cut by the Reserve Bank in its next meeting as June CPI inflation is expected to be around 1.5 per cent, says a media report. On the corporate front, Essar Steel shares will remain in focus after the company moved the Gujarat High Court against insolvency proceedings initiated by the banks on the direction of the Reserve Bank (RBI). Rail related stocks will also see some movement as Adventz Group, which owns listed forms like Texmaco Rail, Texmaco Infra and Kalindee Rail, signed a USD 2 billion agreement with Israel’s Lesico group.
On Tuesday, the Indian equities ended on flat note with negative bias in choppy trade on Tuesday, tracking mixed cues from Asian peers, as investors booked profits after strong rally in the previous session. Reliance, HDFC, Infosys, Kotak Mahindra Bank, Adani Ports and BPCL were the top gainers, while Hero MotoCorp, Axis Bank, Indiabulls Housing, ITC, Tata Motors and Dr Reddy’s Laboratories emerged as top laggards. ITC, which hit a record high on Monday, fell over 1.5 per cent, while Reliance Industries gained nearly 3 per cent in line with energy stocks as oil prices retreated. The 30-share barometer SENSEX closed at 31209.79, down by 11.83 points or by 0.04 per cent, and the NSE Nifty ended at 9613.3, down by 1.7 points or by 0.02 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 15943321.00, Vedanta Ltd. 11970646.00, ITC Ltd. 11232007.00, ICICI Bank Ltd. 8335899.00, State Bank of India 7856082.00.
On NSE, total number of shares traded was 124.68 Crore and total turnover stood at Rs. 21918.15 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 166043 with a total turnover of Rs. 13289.35 Crore. Along with this total number of contracts traded in stock futures were 568309 with a total turnover of Rs. 40925.49 Crore. Total numbers of contracts for index options were 4012457 with a total turnover of Rs. 343133.71 Crore and total numbers of contracts for stock options were 337587 with a total turnover of Rs. 25239.10 Crore.
As on July 04, 2017, the FIIs turned net seller in both debt and equity segment. Gross equity purchased stood at Rs. 3532.61 Crore and gross debt purchased stood at Rs. 242.78 Crore, while the gross equity sold stood at Rs. 4428.71 Crore and gross debt sold stood at Rs. 1721.61 Crore. Therefore, the net investment of equity and debt reported were Rs. -896.10 Crore and Rs. -1478.83.
05/07/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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On Tuesday, the Indian equities ended on flat note with negative bias in choppy trade on Tuesday, tracking mixed cues from Asian peers, as investors booked profits after strong rally in the previous session. Reliance, HDFC, Infosys, Kotak Mahindra Bank, Adani Ports and BPCL were the top gainers, while Hero MotoCorp, Axis Bank, Indiabulls Housing, ITC, Tata Motors and Dr Reddy’s Laboratories emerged as top laggards. ITC, which hit a record high on Monday, fell over 1.5 per cent, while Reliance Industries gained nearly 3 per cent in line with energy stocks as oil prices retreated. The 30-share barometer SENSEX closed at 31209.79, down by 11.83 points or by 0.04 per cent, and the NSE Nifty ended at 9613.3, down by 1.7 points or by 0.02 per cent.
Top traded Volumes on NSE Nifty were Hindalco Industries Ltd. 15943321.00, Vedanta Ltd. 11970646.00, ITC Ltd. 11232007.00, ICICI Bank Ltd. 8335899.00, State Bank of India 7856082.00.
On NSE, total number of shares traded was 124.68 Crore and total turnover stood at Rs. 21918.15 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 166043 with a total turnover of Rs. 13289.35 Crore. Along with this total number of contracts traded in stock futures were 568309 with a total turnover of Rs. 40925.49 Crore. Total numbers of contracts for index options were 4012457 with a total turnover of Rs. 343133.71 Crore and total numbers of contracts for stock options were 337587 with a total turnover of Rs. 25239.10 Crore.
As on July 04, 2017, the FIIs turned net seller in both debt and equity segment. Gross equity purchased stood at Rs. 3532.61 Crore and gross debt purchased stood at Rs. 242.78 Crore, while the gross equity sold stood at Rs. 4428.71 Crore and gross debt sold stood at Rs. 1721.61 Crore. Therefore, the net investment of equity and debt reported were Rs. -896.10 Crore and Rs. -1478.83.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
