Pre Session: Sensex, Nifty seen opening lower on weak global cues
05/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian equities are likely to open in red on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets as fall in commodities raised concerns about the health of the global economy. In overnight trade, the Wall Street ended mixed as investors weighed newly-appointed US president Donald Trump's reform plans after the US House of Representatives passed Republican healthcare plan, replacing Obamacare, while cautioned prevailed ahead of Friday's government payrolls data. Back home, weak trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,352.50, down by 34.50 points or 0.37 per cent, at 10:46 AM Singapore time, also signaled a negative opening for local bourses. Investors will react to earnings of Multi Commodity Exchange of India (MCX) after commodity bourse reported a 10.43 per cent jump in its consolidated net profit at Rs 126.58 crore for the fiscal ended March 31, compared to Rs 114.62 crore in the previous fiscal. Apollo Tyres, Equitas Holdings, Eicher Motors, Rain Industries, Sun Pharma Advanced Research Company and Shoppers Stop will remain in focus as they will unveil March quarter earnings report today.
On Thursday, the Indian equities closed higher, with benchmarks Sensex and Nifty hitting record high, helped by strong rally in index heavyweights such as ICICI Bank, SBI, Grasim Industries, Adani Ports, Axis Bank and HUL. ICICI Bank zoomed over 9 per cent after private sector lender reported a 188 per cent rise in its March quarter (Q4) standalone net profit at Rs 2,025 crore, compared to Rs 702 crore in the year-ago quarter. The market rally was fueled by the Cabinet approval to NPA package and new steel policy, which pushed Bankex index to record high. The 30-share barometer SENSEX closed at 30126.21, up by 231.41 points or by 0.77 per cent, and the NSE Nifty ended at 9359.9, up by 47.95 points or by 0.51 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 111019044.00, State Bank of India 24534923.00, Axis Bank Ltd. 15719994.00, Bank of Baroda 14165960.00, Hindalco Industries Ltd. 11224342.00. On NSE, total number of shares traded was 137.75 Crore and total turnover stood at Rs. 27632.43 Crore. On NSE Future and Options, total number of contracts traded in index futures was 193098 with a total turnover of Rs. 15528.94 Crore. Along with this total number of contracts traded in stock futures were 722045 with a total turnover of Rs. 54063.68 Crore. Total numbers of contracts for index options were 7445668 with a total turnover of Rs. 651893.32 Crore and total numbers of contracts for stock options were 445532 with a total turnover of Rs. 34168.28 Crore.
As on May 03, 2017, the FIIs emerged as net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 4033.05 Crore and gross debt purchased stood at Rs. 492.67 Crore, while the gross equity sold stood at Rs. 4126.52 Crore and gross debt sold stood at Rs. 339.69 Crore. Therefore, the net investment of equity and debt reported were Rs. -93.47 Crore and Rs. 152.98.
05/05/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian equities are likely to open in red on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and weak trading across Asian markets as fall in commodities raised concerns about the health of the global economy. In overnight trade, the Wall Street ended mixed as investors weighed newly-appointed US president Donald Trump's reform plans after the US House of Representatives passed Republican healthcare plan, replacing Obamacare, while cautioned prevailed ahead of Friday's government payrolls data. Back home, weak trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,352.50, down by 34.50 points or 0.37 per cent, at 10:46 AM Singapore time, also signaled a negative opening for local bourses. Investors will react to earnings of Multi Commodity Exchange of India (MCX) after commodity bourse reported a 10.43 per cent jump in its consolidated net profit at Rs 126.58 crore for the fiscal ended March 31, compared to Rs 114.62 crore in the previous fiscal. Apollo Tyres, Equitas Holdings, Eicher Motors, Rain Industries, Sun Pharma Advanced Research Company and Shoppers Stop will remain in focus as they will unveil March quarter earnings report today.
On Thursday, the Indian equities closed higher, with benchmarks Sensex and Nifty hitting record high, helped by strong rally in index heavyweights such as ICICI Bank, SBI, Grasim Industries, Adani Ports, Axis Bank and HUL. ICICI Bank zoomed over 9 per cent after private sector lender reported a 188 per cent rise in its March quarter (Q4) standalone net profit at Rs 2,025 crore, compared to Rs 702 crore in the year-ago quarter. The market rally was fueled by the Cabinet approval to NPA package and new steel policy, which pushed Bankex index to record high. The 30-share barometer SENSEX closed at 30126.21, up by 231.41 points or by 0.77 per cent, and the NSE Nifty ended at 9359.9, up by 47.95 points or by 0.51 per cent.
Top traded Volumes on NSE Nifty were ICICI Bank Ltd. 111019044.00, State Bank of India 24534923.00, Axis Bank Ltd. 15719994.00, Bank of Baroda 14165960.00, Hindalco Industries Ltd. 11224342.00. On NSE, total number of shares traded was 137.75 Crore and total turnover stood at Rs. 27632.43 Crore. On NSE Future and Options, total number of contracts traded in index futures was 193098 with a total turnover of Rs. 15528.94 Crore. Along with this total number of contracts traded in stock futures were 722045 with a total turnover of Rs. 54063.68 Crore. Total numbers of contracts for index options were 7445668 with a total turnover of Rs. 651893.32 Crore and total numbers of contracts for stock options were 445532 with a total turnover of Rs. 34168.28 Crore.
As on May 03, 2017, the FIIs emerged as net seller in equity segment, but turned net buyer in debt market. Gross equity purchased stood at Rs. 4033.05 Crore and gross debt purchased stood at Rs. 492.67 Crore, while the gross equity sold stood at Rs. 4126.52 Crore and gross debt sold stood at Rs. 339.69 Crore. Therefore, the net investment of equity and debt reported were Rs. -93.47 Crore and Rs. 152.98.
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