Pre Session-Sensex set to open lower on Asia weakness
28/09/2016 08:26
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks are likely to witness a gap down opening on Wednesday tracking a bearish trend across markets in Asia as traders remained jittery ahead of an OPEC meet which is unlikely to result in any substantial measures to address an ongoing crude oil global supply glut, curbing risk taking appetite. Losses in the Nifty Index Futures for September delivery which were trading at 8,699, down by 0.28 per cent or 24.5 points at 10:28 AM Singapore time, signal that the Sensex may open lower today. The domestic bourses may see heightened volatility as traders roll over their positions ahead of the September futures & options (F&O) contracts expiry tomorrow. Caution is also likely to persist ahead of the upcoming monetary policy review of the RBI on Tuesday with a 25 basis points cut in interest rates a possibility given the dip in consumer inflation to below the upper tolerance limit of the government’s annual inflation target of 4 per cent plus or minus 2 percentage points. Meanwhile, India’s economy remains on a strong growth path, and is expected to expand 7.4 per cent in the fiscal ending March 2017 as robust consumer demand and progress on reforms help it maintain its position of being the world’s fastest growing major economy, the Asian Development Bank (ADB) has said. Marking a third straight day in the red, the 30-share Sensex on Tuesday fell 70.58 points or by 0.25 per cent to end at 28,223.7 amid a sell-off in European markets.
Volatility in oil prices amid fading hopes of an output cut at a meeting of OPEC countries on Wednesday weighed on Asian stocks which were trading lower today. Shanghai Composite was trading with slim losses, Hang Seng fell and Japan’s Nikkei 225 tumbled over 1.5 per cent as worries over the outcome of the OPEC meet overshadowed relief over Hillary Clinton’s strong performance in the first US Presidential debate on Monday against Republican nominee Donald Trump. Wall Street rallied on Tuesday as US consumer confidence scaled a nine-year high in September, bolstering the outlook for the world’s biggest economy. The gauge measuring US consumer sentiment climbed to 104.1 this month, the highest since August 2007, from a revised 101.8 in August.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 15778949.00, State Bank of India 11345387.00, Idea Cellular Ltd. 9748496.00, Axis Bank Ltd. 9085199.00 and Hindalco Industries Ltd. 8046035.00.
On BSE, total number of shares traded was 26.48 Crore and total turnover stood at Rs. 2890.15 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 401263 with a total turnover of Rs. 27722.89 Crore. Along with this total number of contracts traded in stock futures were 1087760 with a total turnover of Rs. 75026.93 Crore. Total numbers of contracts for index options were 5565831 with a total turnover of Rs. 388756.02 Crore and total numbers of contracts for stock options were 429503 with a total turnover of Rs. 30628.67 Crore.
The FIIs on 27/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 4413.60 Crore and gross debt purchased stood at Rs. 1764.25 Crore, while the gross equity sold stood at Rs. 4557.21 Crore and gross debt sold stood at Rs. 636.13 Crore. Therefore, the net investment of equity and debt reported were Rs. -143.61 Crore and Rs. 1128.12 Crore.
28/09/2016 08:26
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Indian equity benchmarks are likely to witness a gap down opening on Wednesday tracking a bearish trend across markets in Asia as traders remained jittery ahead of an OPEC meet which is unlikely to result in any substantial measures to address an ongoing crude oil global supply glut, curbing risk taking appetite. Losses in the Nifty Index Futures for September delivery which were trading at 8,699, down by 0.28 per cent or 24.5 points at 10:28 AM Singapore time, signal that the Sensex may open lower today. The domestic bourses may see heightened volatility as traders roll over their positions ahead of the September futures & options (F&O) contracts expiry tomorrow. Caution is also likely to persist ahead of the upcoming monetary policy review of the RBI on Tuesday with a 25 basis points cut in interest rates a possibility given the dip in consumer inflation to below the upper tolerance limit of the government’s annual inflation target of 4 per cent plus or minus 2 percentage points. Meanwhile, India’s economy remains on a strong growth path, and is expected to expand 7.4 per cent in the fiscal ending March 2017 as robust consumer demand and progress on reforms help it maintain its position of being the world’s fastest growing major economy, the Asian Development Bank (ADB) has said. Marking a third straight day in the red, the 30-share Sensex on Tuesday fell 70.58 points or by 0.25 per cent to end at 28,223.7 amid a sell-off in European markets.
Volatility in oil prices amid fading hopes of an output cut at a meeting of OPEC countries on Wednesday weighed on Asian stocks which were trading lower today. Shanghai Composite was trading with slim losses, Hang Seng fell and Japan’s Nikkei 225 tumbled over 1.5 per cent as worries over the outcome of the OPEC meet overshadowed relief over Hillary Clinton’s strong performance in the first US Presidential debate on Monday against Republican nominee Donald Trump. Wall Street rallied on Tuesday as US consumer confidence scaled a nine-year high in September, bolstering the outlook for the world’s biggest economy. The gauge measuring US consumer sentiment climbed to 104.1 this month, the highest since August 2007, from a revised 101.8 in August.
Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 15778949.00, State Bank of India 11345387.00, Idea Cellular Ltd. 9748496.00, Axis Bank Ltd. 9085199.00 and Hindalco Industries Ltd. 8046035.00.
On BSE, total number of shares traded was 26.48 Crore and total turnover stood at Rs. 2890.15 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 401263 with a total turnover of Rs. 27722.89 Crore. Along with this total number of contracts traded in stock futures were 1087760 with a total turnover of Rs. 75026.93 Crore. Total numbers of contracts for index options were 5565831 with a total turnover of Rs. 388756.02 Crore and total numbers of contracts for stock options were 429503 with a total turnover of Rs. 30628.67 Crore.
The FIIs on 27/09/2016 stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs. 4413.60 Crore and gross debt purchased stood at Rs. 1764.25 Crore, while the gross equity sold stood at Rs. 4557.21 Crore and gross debt sold stood at Rs. 636.13 Crore. Therefore, the net investment of equity and debt reported were Rs. -143.61 Crore and Rs. 1128.12 Crore.
