Pre Session: Gap up opening seen for Sensex, Nifty; CIL, IDBI Bank Q1 eyed 14/08/2017

Pre Session: Gap up opening seen for Sensex, Nifty; CIL, IDBI Bank Q1 eyed
14/08/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND  : SELL ZONE

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Indian equities are likely to start week on a positive note, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global markets. The Asian stocks were trading in green tracking positive closing on Wall Street as investors cheered weak US inflation data which dimmed hopes of another rate hike by the Federal Reserve later this year. According to market experts, the rising geo-political tensions between North Korea and the US may prompt investors to book profit in shares that have been on the rise in recent months. Back home, bullish trend in the SGX Nifty Index Futures for August delivery, which were trading at 9,784.00, up by 57.50 points or 0.59 per cent, at 10:51 AM Singapore time, also signaled a positive opening for local bourses. On the economy front, the Economic Survey has indicated that there is a possible room for monetary policy easing which may boost positivity in the market. Investors will also keep an eye on earnings report of big companies such as Coal India, IDBI Bank, Grasim Industries, Bajaj Hindustan, Unitech, Future Consumer, Jain Irrigation and JK Tyre & Industries, which will announce their June quarter earnings today.On Friday, Indian equity benchmarks settled at their five-week lows as investors continued to pare their riskier positions amid rise in geopolitical tensions between the US and North Korea. Moreover, global markets tumbled for a fourth day and were on course for their worst week since November, as the escalating war of words over North Korea drove investors on Friday toward the yen, the Swiss franc and gold. The 30-share barometer SENSEX closed at 31213.59 down by 317.74 points or by 1.01 per cent, while the NSE Nifty ended at 9710.8 down by 109.45 points or by 1.11 per cent. Top traded Volumes on NSE Nifty were State Bank of India 67652562.00, Hindalco Industries Ltd. 21126006.00, Vedanta Ltd. 18382815.00, ICICI Bank Ltd. 17211539.00, Tata Motors Ltd. 14699477.00.

On NSE, total number of shares traded was 177.21 Crore and total turnover stood at Rs. 32925.01 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 293894 with a total turnover of Rs. 24055.63 Crore. Along with this total number of contracts traded in stock futures were 862224 with a total turnover of Rs. 61993.99 Crore. Total numbers of contracts for index options were 5164573 with a total turnover of Rs. 433482.61 Crore and total numbers of contracts for stock options were 660345 with a total turnover of Rs. 51686.14 Crore.

As on August 11, 2017 the FIIs turned net buyer in debt segment, but net seller in equity market. Gross equity purchased stood at Rs. 4528.64 Crore and gross debt purchased stood at Rs. 839.43 Crore, while the gross equity sold stood at Rs. 5512.37 Crore and gross debt sold stood at Rs. 625.92 Crore. Therefore, the net investment of equity and debt reported were Rs. -983.73 Crore and Rs. 213.51.
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