Pre Session: Markets may open flat in early trade
04/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmarks are set to open flat on Friday tracking mixed cues from the global peers.
The Asian markets have opened mixed after a technology-led drop on Wall Street. Nikkei was down 0.40 percent, while Kospi was up 0.20 percent, while the Wall Street closed mixed in the previous trading session weighed down by Amazon.com, Apple and other top-shelf technology stocks.
The banking stocks will be in focus today after the Lok Sabha passed the Banking Regulation (Amendment) Bill, 2017 introduced last month to replace the existing ordinance promulgated in May this year to empower the Reserve Bank of India to deal with stressed assets.
Also, Hindustan Copper Ltd (HCL) will be in focus as the government has disinvested 6.83 percent stake in the company, which would fetch around Rs 400 crore to the exchequer.
On the earnings front, around 68 companies on the BSE will be declaring their results for the quarter ended June 30 later today which include names like M&M, Aban Offshore, Andhra Bank, Arvind, Berger Paints, Dabur India.
Muted trends in the SGX Nifty Index Futures for August delivery, which were trading at 10042, down by 0.00 points or 0.00 per cent, at 10:29 AM Singapore time, signalled a flat opening for the domestic bourses.
On Thursday, the Indian equities extended losing streak, weighed down by sustained selling across financial and metal stocks, tracking weak cues from Asian peers. 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. The 30-share barometer SENSEX closed at 32237.88, down by 238.86 points or by 0.74 per cent, and the NSE Nifty ended at 10013.65, down by 67.85 points or by 0.67 points.
Top traded Volumes on NSE Nifty – Indian Oil Corporation Ltd. 17149615.00, State Bank of India 14459919.00, ICICI Bank Ltd. 14389817.00, Hindalco Industries Ltd. 10254636.00, ITC Ltd. 10199231.00, On NSE, total number of shares traded was 148.04 Crore and total turnover stood at Rs. 27705.36 Crore. On NSE Future and Options, total number of contracts traded in index futures was 202554 with a total turnover of Rs. 17947.44 Crore. Along with this total number of contracts traded in stock futures were 707086 with a total turnover of Rs. 50796.75 Crore. Total numbers of contracts for index options were 10374152 with a total turnover of Rs. 1004396.66 Crore. and total numbers of contracts for stock options were 468084 with a total turnover of Rs. 34566.42 Crore. The FIIs on 03/08/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4106.42 Crore and gross debt purchased stood at Rs. 1532.36 Crore, while the gross equity sold stood at Rs. 3538.51 Crore and gross debt sold stood at Rs. 494.34 Crore. Therefore, the net investment of equity and debt reported were Rs. 567.91 Crore and Rs. 1038.02
04/08/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmarks are set to open flat on Friday tracking mixed cues from the global peers.
The Asian markets have opened mixed after a technology-led drop on Wall Street. Nikkei was down 0.40 percent, while Kospi was up 0.20 percent, while the Wall Street closed mixed in the previous trading session weighed down by Amazon.com, Apple and other top-shelf technology stocks.
The banking stocks will be in focus today after the Lok Sabha passed the Banking Regulation (Amendment) Bill, 2017 introduced last month to replace the existing ordinance promulgated in May this year to empower the Reserve Bank of India to deal with stressed assets.
Also, Hindustan Copper Ltd (HCL) will be in focus as the government has disinvested 6.83 percent stake in the company, which would fetch around Rs 400 crore to the exchequer.
On the earnings front, around 68 companies on the BSE will be declaring their results for the quarter ended June 30 later today which include names like M&M, Aban Offshore, Andhra Bank, Arvind, Berger Paints, Dabur India.
Muted trends in the SGX Nifty Index Futures for August delivery, which were trading at 10042, down by 0.00 points or 0.00 per cent, at 10:29 AM Singapore time, signalled a flat opening for the domestic bourses.
On Thursday, the Indian equities extended losing streak, weighed down by sustained selling across financial and metal stocks, tracking weak cues from Asian peers. 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. The 30-share barometer SENSEX closed at 32237.88, down by 238.86 points or by 0.74 per cent, and the NSE Nifty ended at 10013.65, down by 67.85 points or by 0.67 points.
Top traded Volumes on NSE Nifty – Indian Oil Corporation Ltd. 17149615.00, State Bank of India 14459919.00, ICICI Bank Ltd. 14389817.00, Hindalco Industries Ltd. 10254636.00, ITC Ltd. 10199231.00, On NSE, total number of shares traded was 148.04 Crore and total turnover stood at Rs. 27705.36 Crore. On NSE Future and Options, total number of contracts traded in index futures was 202554 with a total turnover of Rs. 17947.44 Crore. Along with this total number of contracts traded in stock futures were 707086 with a total turnover of Rs. 50796.75 Crore. Total numbers of contracts for index options were 10374152 with a total turnover of Rs. 1004396.66 Crore. and total numbers of contracts for stock options were 468084 with a total turnover of Rs. 34566.42 Crore. The FIIs on 03/08/2017 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4106.42 Crore and gross debt purchased stood at Rs. 1532.36 Crore, while the gross equity sold stood at Rs. 3538.51 Crore and gross debt sold stood at Rs. 494.34 Crore. Therefore, the net investment of equity and debt reported were Rs. 567.91 Crore and Rs. 1038.02
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