Pre Session: Gap down opening seen for Sensex, Nifty on mixed global cues
03/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian equities are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across global markets. The Asian stocks were trading mostly lower led by Japan’s Nikkei 225 as investors remained cautious ahead of release of latest US labour market data which will provide clues on the health of world’s largest economy. In the overnight trade, Wall Street ended higher as corporate results dominated market sentiment. Back home, bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 10,073.00, down by 14.50 points or 14.00 per cent, at 10:48 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, the government has asked state-controlled oil companies to keep raising prices of subsidised kerosene by 25 paise every fortnight until the subsidy is eliminated, says media report. On the corporate front, the market regulator Sebi has imposed fine on 13 individuals for alleged insider trading in shares of MCX and Financial Technologies, which include close relatives of FTIL promoter Jignesh Shah. Investors will keep an eye on earnings report of big companies such as Jindal SAW, Majesco, HFC PNB, Ramco Cements, Titan and VIP Industries.
On Wednesday, the Indian equities ended lower as investors resorted to profit booking after the Reserve Bank slashed repo rate by 25 bps, which fell short of market expectations of 50 bps rate cut hopes. The Reserve Bank of India today announced the first rate cut since October 2016 by 25 basis points to 6 per cent, based on the assessment of the current and evolving macroeconomic situation. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The 30-share barometer SENSEX closed at 32476.74, down by 98.43 points or by 0.3 per cent, and the NSE Nifty ended at 10081.5, down by 33.15 points or by 0.33 points.
Top traded Volumes on NSE Nifty were NTPC Ltd. 18560053.00, State Bank of India 17005571.00, ITC Ltd. 9867353.00, ICICI Bank Ltd. 8348096.00, Oil And Natural Gas Corporation Ltd. 7743355.00.
On NSE, total number of shares traded was 132.45 Crore and total turnover stood at Rs. 24103.57 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 174175 with a total turnover of Rs. 15248.85 Crore. Along with this total number of contracts traded in stock futures were 615947 with a total turnover of Rs. 45858.74 Crore. Total numbers of contracts for index options were 4849601 with a total turnover of Rs. 460035.07 Crore and total numbers of contracts for stock options were 402623 with a total turnover of Rs. 30088.76 Crore.
As on August 02, 2017 the FIIs turned net buyer in debt market but turned net seller in equity segment. Gross equity purchased stood at Rs. 4579.68 Crore and gross debt purchased stood at Rs. 3249.80 Crore, while the gross equity sold stood at Rs. 5499.50 Crore and gross debt sold stood at Rs. 2005.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -919.82 Crore and Rs. 1244.22.
03/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian equities are likely to open lower on Thursday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and mixed trading across global markets. The Asian stocks were trading mostly lower led by Japan’s Nikkei 225 as investors remained cautious ahead of release of latest US labour market data which will provide clues on the health of world’s largest economy. In the overnight trade, Wall Street ended higher as corporate results dominated market sentiment. Back home, bearish trend in the SGX Nifty Index Futures for August delivery, which were trading at 10,073.00, down by 14.50 points or 14.00 per cent, at 10:48 AM Singapore time, also signaled a negative opening for local bourses. On the economy front, the government has asked state-controlled oil companies to keep raising prices of subsidised kerosene by 25 paise every fortnight until the subsidy is eliminated, says media report. On the corporate front, the market regulator Sebi has imposed fine on 13 individuals for alleged insider trading in shares of MCX and Financial Technologies, which include close relatives of FTIL promoter Jignesh Shah. Investors will keep an eye on earnings report of big companies such as Jindal SAW, Majesco, HFC PNB, Ramco Cements, Titan and VIP Industries.
On Wednesday, the Indian equities ended lower as investors resorted to profit booking after the Reserve Bank slashed repo rate by 25 bps, which fell short of market expectations of 50 bps rate cut hopes. The Reserve Bank of India today announced the first rate cut since October 2016 by 25 basis points to 6 per cent, based on the assessment of the current and evolving macroeconomic situation. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The 30-share barometer SENSEX closed at 32476.74, down by 98.43 points or by 0.3 per cent, and the NSE Nifty ended at 10081.5, down by 33.15 points or by 0.33 points.
Top traded Volumes on NSE Nifty were NTPC Ltd. 18560053.00, State Bank of India 17005571.00, ITC Ltd. 9867353.00, ICICI Bank Ltd. 8348096.00, Oil And Natural Gas Corporation Ltd. 7743355.00.
On NSE, total number of shares traded was 132.45 Crore and total turnover stood at Rs. 24103.57 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 174175 with a total turnover of Rs. 15248.85 Crore. Along with this total number of contracts traded in stock futures were 615947 with a total turnover of Rs. 45858.74 Crore. Total numbers of contracts for index options were 4849601 with a total turnover of Rs. 460035.07 Crore and total numbers of contracts for stock options were 402623 with a total turnover of Rs. 30088.76 Crore.
As on August 02, 2017 the FIIs turned net buyer in debt market but turned net seller in equity segment. Gross equity purchased stood at Rs. 4579.68 Crore and gross debt purchased stood at Rs. 3249.80 Crore, while the gross equity sold stood at Rs. 5499.50 Crore and gross debt sold stood at Rs. 2005.58 Crore. Therefore, the net investment of equity and debt reported were Rs. -919.82 Crore and Rs. 1244.22.
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