Pre Session: Sensex, Nifty set to open flat on mixed global cues; PSU banks in focus
07/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to start on flat note on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mixed after Wall Street ended lower in overnight trade as investors weighed mixed economic data and geopolitical tensions after North Korea tested a long-range ballistic missile. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,513.00, down by 5.50 points or 0.06 per cent, at 11:00 AM Singapore time, also signaled a flat opening for local bourses. In absence of any major trigger, investors will keep an eye on progress of monsoon and beginning of the June quarter corporate earnings next 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, PSU banks will remain in focus as the government may infuse more money in public sector lenders following crackdown on bad loans and increasing capital needs under Basel III guidelines, says a media report. Shares of Gayatri Projects will see some movement as the Government of Singapore Investment Corp (GIC) on Thursday acquired a 6.2 per cent stake in the infrastructure company Gayatri in a block deal of about Rs 165 crore.
On Thursday, the Indian equities ended higher, albeit paring some of early gains, backed by gains in realty, banking and FMCG stocks, undermining soft cues from Asian peers. The market rally was fueled by strong gains in index heavyweight State Bank of India amid hopes of positive first quarter earnings for the financial year 2017-18. The overall mood in the market was positive as the government successfully implemented the goods and services tax (GST) which is likely to increase corporate profit margins and boost economic growth. The 30-share barometer SENSEX closed at 31369.34, up by 123.78 points or by 0.4 per cent, and the NSE Nifty ended at 9674.55, up by 36.95 points or by 0.38 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 16115817.00, ITC Ltd. 13429462.00, Bank of Baroda 11934377.00, Vedanta Ltd. 10560167.00, ICICI Bank Ltd. 9967582.00.
On NSE, total number of shares traded was 153.13 Crore and total turnover stood at Rs. 24730.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 167401 with a total turnover of Rs. 13512.06 Crore. Along with this total number of contracts traded in stock futures were 578649 with a total turnover of Rs. 42050.58 Crore. Total numbers of contracts for index options were 8960283 with a total turnover of Rs. 813244.76 Crore and total numbers of contracts for stock options were 300014 with a total turnover of Rs. 22583.57 Crore.
As on July 06, 2017, the FIIs turned net buyer in equity segment, but turned net seller in debt market. Gross equity purchased stood at Rs. 3521.81 Crore and gross debt purchased stood at Rs. 541.52 Crore, while the gross equity sold stood at Rs. 3396.90 Crore and gross debt sold stood at Rs. 1199.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 124.91 Crore and Rs. -657.98.
07/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to start on flat note on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mixed after Wall Street ended lower in overnight trade as investors weighed mixed economic data and geopolitical tensions after North Korea tested a long-range ballistic missile. Back home, muted trend in the SGX Nifty Index Futures for July delivery, which were trading at 9,513.00, down by 5.50 points or 0.06 per cent, at 11:00 AM Singapore time, also signaled a flat opening for local bourses. In absence of any major trigger, investors will keep an eye on progress of monsoon and beginning of the June quarter corporate earnings next 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, PSU banks will remain in focus as the government may infuse more money in public sector lenders following crackdown on bad loans and increasing capital needs under Basel III guidelines, says a media report. Shares of Gayatri Projects will see some movement as the Government of Singapore Investment Corp (GIC) on Thursday acquired a 6.2 per cent stake in the infrastructure company Gayatri in a block deal of about Rs 165 crore.
On Thursday, the Indian equities ended higher, albeit paring some of early gains, backed by gains in realty, banking and FMCG stocks, undermining soft cues from Asian peers. The market rally was fueled by strong gains in index heavyweight State Bank of India amid hopes of positive first quarter earnings for the financial year 2017-18. The overall mood in the market was positive as the government successfully implemented the goods and services tax (GST) which is likely to increase corporate profit margins and boost economic growth. The 30-share barometer SENSEX closed at 31369.34, up by 123.78 points or by 0.4 per cent, and the NSE Nifty ended at 9674.55, up by 36.95 points or by 0.38 per cent.
Top traded Volumes on NSE Nifty were State Bank of India 16115817.00, ITC Ltd. 13429462.00, Bank of Baroda 11934377.00, Vedanta Ltd. 10560167.00, ICICI Bank Ltd. 9967582.00.
On NSE, total number of shares traded was 153.13 Crore and total turnover stood at Rs. 24730.71 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 167401 with a total turnover of Rs. 13512.06 Crore. Along with this total number of contracts traded in stock futures were 578649 with a total turnover of Rs. 42050.58 Crore. Total numbers of contracts for index options were 8960283 with a total turnover of Rs. 813244.76 Crore and total numbers of contracts for stock options were 300014 with a total turnover of Rs. 22583.57 Crore.
As on July 06, 2017, the FIIs turned net buyer in equity segment, but turned net seller in debt market. Gross equity purchased stood at Rs. 3521.81 Crore and gross debt purchased stood at Rs. 541.52 Crore, while the gross equity sold stood at Rs. 3396.90 Crore and gross debt sold stood at Rs. 1199.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 124.91 Crore and Rs. -657.98.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
