Pre Session: Sensex, Nifty seen opening flat; IDFC, Fortis Healthcare in focus
10/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to start week on flat note on Monday, tracking muted cues from Nifty futures on the Singapore Stock Exchange, undermining positive trading across Asian markets. The Asian stocks were trading higher after Wall Street ended on positive note on Friday as investors sentiment were buoyed by strong US data. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,684.50, up by 11 points or 0.11 per cent, at 10:52 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, the government has decided to fast track 71 foreign direct investment proposals, which includes Amazon, Grofers, Urban Ladder, One97 (which runs Paytm) and Jasper Infotech (Snapdeal), says an ET report. Besides, the government may soon kick-off next round of strategic sales in state-run units following Air India stake sale proposal, says a Business Standard report. Investors will also keep an eye on progress of monsoon and beginning of the June quarter corporate earnings this week. According to the India Meteorological Department, rainfall activity is likely to be below normal over India during the first week of July 6-13. On the corporate front, IDFC will remain in focus after infra lender entered into merger agreement with financial services major Shriram Group to create the largest retail-focused bank in the country. Among others, Fortis Healthcare will also see some movement after Reserve Bank allowed foreign investors to buy stake in the company up to 74 per cent.
On Friday, the Indian equities ended tad lower in lackluster trade, tracking mixed cues from Asian peers, weighed down by selling across IT an Teck stocks. Even strong rally in index heavy weights such as RIL, Lupin and Bharti Airtel failed to lift market sentiment as caution prevailed in the market ahead of the beginning of the June quarter corporate earnings next week. The market sentiment was also dented by the India Meteorological Department forecast that rainfall activity is likely to be below normal over India during the first week of July 6-13. The 30-share barometer SENSEX closed at 31360.63, down by 8.71 points or by 0.03 per cent, and the NSE Nifty was at 9665.8, down by 8.75 points or by 0.09 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 9919790.00, Bank of Baroda 9183465.00, ICICI Bank Ltd. 8477468.00, Vedanta Ltd. 8230789.00, Reliance Industries Ltd. 8193635.00.
On NSE, total number of shares traded was 149.86 Crore and total turnover stood at Rs. 24160.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 108707 with a total turnover of Rs. 8625.82 Crore. Along with this total number of contracts traded in stock futures were 561495 with a total turnover of Rs. 40208.03 Crore. Total numbers of contracts for index options were 2177715 with a total turnover of Rs. 182302.62 Crore and total numbers of contracts for stock options were 333633 with a total turnover of Rs. 24585.49 Crore.
As on July 07, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 4829.86 Crore and gross debt purchased stood at Rs. 2523.51 Crore, while the gross equity sold stood at Rs. 4223.68 Crore and gross debt sold stood at Rs. 930.13 Crore. Therefore, the net investment of equity and debt reported were Rs. 606.18 Crore and Rs. 1593.38.
10/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Indian equities are likely to start week on flat note on Monday, tracking muted cues from Nifty futures on the Singapore Stock Exchange, undermining positive trading across Asian markets. The Asian stocks were trading higher after Wall Street ended on positive note on Friday as investors sentiment were buoyed by strong US data. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,684.50, up by 11 points or 0.11 per cent, at 10:52 AM Singapore time, also signaled a flat opening for local bourses. On the economy front, the government has decided to fast track 71 foreign direct investment proposals, which includes Amazon, Grofers, Urban Ladder, One97 (which runs Paytm) and Jasper Infotech (Snapdeal), says an ET report. Besides, the government may soon kick-off next round of strategic sales in state-run units following Air India stake sale proposal, says a Business Standard report. Investors will also keep an eye on progress of monsoon and beginning of the June quarter corporate earnings this week. According to the India Meteorological Department, rainfall activity is likely to be below normal over India during the first week of July 6-13. On the corporate front, IDFC will remain in focus after infra lender entered into merger agreement with financial services major Shriram Group to create the largest retail-focused bank in the country. Among others, Fortis Healthcare will also see some movement after Reserve Bank allowed foreign investors to buy stake in the company up to 74 per cent.
On Friday, the Indian equities ended tad lower in lackluster trade, tracking mixed cues from Asian peers, weighed down by selling across IT an Teck stocks. Even strong rally in index heavy weights such as RIL, Lupin and Bharti Airtel failed to lift market sentiment as caution prevailed in the market ahead of the beginning of the June quarter corporate earnings next week. The market sentiment was also dented by the India Meteorological Department forecast that rainfall activity is likely to be below normal over India during the first week of July 6-13. The 30-share barometer SENSEX closed at 31360.63, down by 8.71 points or by 0.03 per cent, and the NSE Nifty was at 9665.8, down by 8.75 points or by 0.09 per cent.
Top traded Volumes on NSE Nifty were ITC Ltd. 9919790.00, Bank of Baroda 9183465.00, ICICI Bank Ltd. 8477468.00, Vedanta Ltd. 8230789.00, Reliance Industries Ltd. 8193635.00.
On NSE, total number of shares traded was 149.86 Crore and total turnover stood at Rs. 24160.98 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 108707 with a total turnover of Rs. 8625.82 Crore. Along with this total number of contracts traded in stock futures were 561495 with a total turnover of Rs. 40208.03 Crore. Total numbers of contracts for index options were 2177715 with a total turnover of Rs. 182302.62 Crore and total numbers of contracts for stock options were 333633 with a total turnover of Rs. 24585.49 Crore.
As on July 07, 2017, the FIIs turned net buyer in both equity and debt segment. Gross equity purchased stood at Rs. 4829.86 Crore and gross debt purchased stood at Rs. 2523.51 Crore, while the gross equity sold stood at Rs. 4223.68 Crore and gross debt sold stood at Rs. 930.13 Crore. Therefore, the net investment of equity and debt reported were Rs. 606.18 Crore and Rs. 1593.38.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
