Pre Session: Sensex set to open flat as Fed, BOJ in focus 20/09/2016

Pre Session: Sensex set to open flat as Fed, BOJ in focus
20/09/2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE


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The Indian benchmarks are likely to open on a cautious note on Tuesday as investors stick to a cautious approach ahead of key central bank meetings this week which may offer cues over the outlook for the global economy, curbing risk taking appetite. The CNX Nifty Index Futures for September delivery which were trading at 8,804.50, down by 20.50 per cent at 10:38 AM Singapore time, signal that the Sensex may open lower today. The focus is on the US Federal Reserve and the Bank of Japan with both central banks slated to begin their two-day policy meetings on Tuesday.

On the global front, Asian stocks edged lower as investors remained cautious ahead of the Federal Reserve and the Bank of Japan policy meets this week. Markets in Japan were trading tad higher, while stocks in China and Hong Kong fell ahead of key policy meeting. US stocks rose on Monday as traders as investors appeared to put last week's jitters behind ahead of the Federal Reserve and Bank of Japan policy meetings that begin this week.

Back home, the Indian equities ended higher for the fourth straight session on Monday with benchmarks NSE Nifty breaching 8,800 level, helped by gains in the index heavyweights such as TCS, ONGC, ICICI Bank, Adani Port, and Tata Steel, tracking firm cues from Asian peers as rebound in oil prices bolstered market sentiment. The 30-share BSE SENSEX closed at 28634.5, up by 35.47 points or by 0.12 per cent, and the NSE Nifty settled at 8808.4, up by 28.55 points or by 0.33 per cent.

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2407.35,+1.96%), ICICI Bank Ltd. (Rs. 271.85,+1.61%), Adani Ports & Special Economic Zone Ltd. (Rs. 276.10,+1.60%), Coal India Ltd. (Rs. 328.80,+1.17%), Oil And Natural Gas Corporation Ltd. (Rs. 254.00,+1.07%), among others.

On the sectoral front, realty and metal stocks emerged as top gainers, adding as much as 1.6 per cent and 1.33 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3160, shares advanced were 1571 while 1335 shares declined and 254 were unchanged.

The top traded volumes on NSE Nifty were ICICI Bank Ltd. 13767636.00, State Bank of India 11433295.00, YES Bank Ltd. 7352710.00, Tata Motors Ltd. 6979269.00, Bharat Heavy Electricals Ltd. 6780450.00.

On NSE, total number of shares traded was 94.51 Crore and total turnover stood at Rs. 19226.37 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 143173 with a total turnover of Rs. 10220.96 Crore. Along with this total number of contracts traded in stock futures were 482563 with a total turnover of Rs. 34293.36 Crore. Total numbers of contracts for index options were 2125422 with a total turnover of Rs. 151093.52 Crore and total numbers of contracts for stock options were 321601 with a total turnover of Rs. 23094.24 Crore.

The FIIs on 19/09/2016 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11087.81 Crore and gross debt purchased stood at Rs. 718.48 Crore, while the gross equity sold stood at Rs. 10546.91 Crore and gross debt sold stood at Rs. 207.21 Crore. Therefore, the net investment of equity and debt reported were Rs. 540.90 Crore and Rs. 511.27.

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