Pre Session: Sensex, Nifty to open on cautious note; Vedanta, HDFC in focus
06/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to start on cautious note on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mixed as investors digested the Federal Reserve’s recent meeting ahead of a G-20 summit, while geopolitical tension also remained on traders mind after North Korea tested a long-range ballistic missile. The Fed minutes showed that there is disagreement among policy makers on the timing of interest rate hikes and the timeframe for rolling back the multi-trillion-dollar investment holdings. In the overnight trade, Wall Street ended mixed after returning from the Independence Day holiday as cautioned prevailed in the market ahead to the release of the Federal Reserve's latest meeting minutes. 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 10:54 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, Vedanta will remain in focus after the government asked the company to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company. Among others, HDFC will also see some movement as media report suggested that HDFC Property Fund is in advanced talks with buyers to sell its stake in The Windflower Resorts and Spa for about Rs 100 crore.
On Wednesday, the Indian equities ended tad higher in choppy trade, tracking mixed cues from Asian peers, as investor sentiment was spooked by escalating geo-political tensions after North Korea launched a long-range ballistic missile yesterday. In absence of any major trigger, investors remained sidelined ahead of the June quarter corporate earnings season which will begin next week. Outperforming the benchmark indices, the broader markets ended on robust note, with the BSE MIDCAP and SMLCAP indices rising as much as 0.97 per cent 1.12 per cent respectively. Railway related stocks hogged the limelight after Adventz Group signed a USD 2 billion-plus agreement with Israel’s Lesico group to collaborate in light rail transit (LRT) projects in Tel Aviv and Jerusalem. The 30-share barometer SENSEX closed at 31245.56, up by 35.77 points or by 0.11 per cent, and the NSE Nifty ended at 9637.6, up by 24.3 points or by 0.25 per cent.
Top traded Volumes on NSE Nifty were Vedanta Ltd. 12213288.00, ITC Ltd. 11978317.00, State Bank of India 10048734.00, ICICI Bank Ltd. 6958589.00, Bank of Baroda 6616815.00.
On NSE, total number of shares traded was 127.57 Crore and total turnover stood at Rs. 22045.18 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 130573 with a total turnover of Rs. 10739.55 Crore. Along with this total number of contracts traded in stock futures were 540074 with a total turnover of Rs. 38943.29 Crore. Total numbers of contracts for index options were 4482003 with a total turnover of Rs. 399535.45 Crore and total numbers of contracts for stock options were 283483 with a total turnover of Rs. 21115.88 Crore.
As on July 05, 2017, the FIIs turned net seller in both debt and equity segment. Gross equity purchased stood at Rs. 3759.80 Crore and gross debt purchased stood at Rs. 159.68 Crore, while the gross equity sold stood at Rs. 4918.33 Crore and gross debt sold stood at Rs. 1016.95 Crore. Therefore, the net investment of equity and debt reported were Rs. -1158.53 Crore and Rs. -857.27.
06/07/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to start on cautious note on Thursday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. The Asian stocks were trading mixed as investors digested the Federal Reserve’s recent meeting ahead of a G-20 summit, while geopolitical tension also remained on traders mind after North Korea tested a long-range ballistic missile. The Fed minutes showed that there is disagreement among policy makers on the timing of interest rate hikes and the timeframe for rolling back the multi-trillion-dollar investment holdings. In the overnight trade, Wall Street ended mixed after returning from the Independence Day holiday as cautioned prevailed in the market ahead to the release of the Federal Reserve's latest meeting minutes. 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 10:54 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, Vedanta will remain in focus after the government asked the company to make a buyback offer for Cairn UK’s 9.8 per cent equity in the company. Among others, HDFC will also see some movement as media report suggested that HDFC Property Fund is in advanced talks with buyers to sell its stake in The Windflower Resorts and Spa for about Rs 100 crore.
On Wednesday, the Indian equities ended tad higher in choppy trade, tracking mixed cues from Asian peers, as investor sentiment was spooked by escalating geo-political tensions after North Korea launched a long-range ballistic missile yesterday. In absence of any major trigger, investors remained sidelined ahead of the June quarter corporate earnings season which will begin next week. Outperforming the benchmark indices, the broader markets ended on robust note, with the BSE MIDCAP and SMLCAP indices rising as much as 0.97 per cent 1.12 per cent respectively. Railway related stocks hogged the limelight after Adventz Group signed a USD 2 billion-plus agreement with Israel’s Lesico group to collaborate in light rail transit (LRT) projects in Tel Aviv and Jerusalem. The 30-share barometer SENSEX closed at 31245.56, up by 35.77 points or by 0.11 per cent, and the NSE Nifty ended at 9637.6, up by 24.3 points or by 0.25 per cent.
Top traded Volumes on NSE Nifty were Vedanta Ltd. 12213288.00, ITC Ltd. 11978317.00, State Bank of India 10048734.00, ICICI Bank Ltd. 6958589.00, Bank of Baroda 6616815.00.
On NSE, total number of shares traded was 127.57 Crore and total turnover stood at Rs. 22045.18 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 130573 with a total turnover of Rs. 10739.55 Crore. Along with this total number of contracts traded in stock futures were 540074 with a total turnover of Rs. 38943.29 Crore. Total numbers of contracts for index options were 4482003 with a total turnover of Rs. 399535.45 Crore and total numbers of contracts for stock options were 283483 with a total turnover of Rs. 21115.88 Crore.
As on July 05, 2017, the FIIs turned net seller in both debt and equity segment. Gross equity purchased stood at Rs. 3759.80 Crore and gross debt purchased stood at Rs. 159.68 Crore, while the gross equity sold stood at Rs. 4918.33 Crore and gross debt sold stood at Rs. 1016.95 Crore. Therefore, the net investment of equity and debt reported were Rs. -1158.53 Crore and Rs. -857.27.
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